John Ransom

Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.

Click here to listen to Ransom Notes Radio live or for archives of previous shows.

Stock number one: Carbonite, Inc.

Carbonite beats by $0.07, beats on revs—

Carbonite beats by $0.07, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY14 EPS above consensus, revs in-line (CARB) : Reports Q1 (Mar) earnings of $0.02 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of ($0.05); revenues rose 18.8% year/year to $29.1 mln vs the $28.58 mln consensus.

Symbol: CARB

Trailing PE: NA; Forward PE: NA

PEG: -2.39

Dividend: NA

Estimate Trend: Flat

Ransom Note Trendline: Avoid Carbonite

CARB Chart

CARB data by YCharts

Stock number two: JPMorgan Chase & Co.

JPMorgan Vice Chairman Ponti Leaving for Health-Care Fund —Bloomberg

Andrea Ponti, JPMorgan Chase & Co. (JPM)’s vice chairman of global health-care investment banking, is preparing to leave and set up an investment firm targeting the industry. Rakesh Patel and Cathrin Petty will continue to run JPMorgan’s health-care investment banking business in Europe, the Middle East and Africa, according to a memo from Laurence Hollingworth, head of EMEA coverage, that was obtained by Bloomberg News. The contents of the document were confirmed by a spokeswoman for the bank in London.

Symbol: JPM

Trailing PE: 14; Forward PE: 9

PEG: 1.82

Dividend: 2.90%

Estimate Trend: Up

Price to Book: 1.03

Ransom Note Trendline: JP Morgan

JPM Chart

JPM data by YCharts

Stock number three: Coach, Inc.

Coach earnings plunge as US sales

Coach shares tumbled by nearly 10 per cent after the US accessories group reported worse than expected quarterly earnings and a sharp dip in North American sales.

Sales in stores open at least a year fell 21 per cent in the group’s core home market, missing Wall Street estimates of a 15 per cent decline. It blamed a later than usual Easter and wet weather for its poor performance.

Symbol: COH

Trailing PE: 13; Forward PE: 14

PEG: 2.12

Dividend: 2.70%

Estimate Trend: Mixed

Ransom Note Trendline: Avoid Coach

COH Chart

COH data by YCharts

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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