Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
Stock number one: Liberty Ventures
Liberty (LVNTA) Enters Oversold Territory—Zack's
Liberty Interactive (Ventures group) ’s (LVNTA) share price has entered into oversold territory with an RSI value of 27.6. The Zacks Consensus Estimate for Liberty for the full year period has improved $2.06 per share over the past two months to $5.01 per share. Currently, Liberty has a Zacks Rank #1 (Strong Buy), suggesting that now might be a good time to get in on (LVNTA) after its recent drop.
Trailing PE: NA; Forward PE: 26
Estimate Trend: Up
Ransom Note Trendline: Buy Liberty
Stock number two: H&R Block, Inc.
PE Buyers Likely to Look at Purer-play H&R Block—The Street.com
Now that H&R Block (HRB_) has sold its bank, the tax preparer could be an attractive private equity takeover target, according to some industry experts. "H&R Block is a classic PE target," said analyst Sandy Mehta at Value Investment Principles Ltd. "There's value there waiting to be unlocked.” H&R Block on April 10 said it struck a deal with San Diego-based BofI Holding Inc. subsidiary BofI Federal Bank on the sale of H&R Block Bank for an undisclosed amount. Kansas City, Mo.-based H&R Block put its banking unit on the block on Oct. 10, 2012.
Trailing PE: 34; Forward PE: 14
Estimate Trend: None
Ransom Note Trendline: Hold H&R Block
Stock number three: AT&T, Inc.
AT&T announces 21 potential markets for ultra-fast Internet service —LA Times
Move over, Google Fiber: AT&T has begun discussions to bring its ultra-fast U-Verse GigaPower Internet service to 21 cities across the U.S., the company said Monday. AT&T and Google are racing to roll out Internet service with speeds of up to 1 gigabit per second across the country. The Texas company's announcement seems to indicate that AT&T will be able to roll out U-Verse GigaPower to more markets quicker than Google will be able to expand its Fiber service.
Trailing PE: 11; Forward PE: 13
Estimate Trend: Up
Ransom Note Trendline: Buy ATT