Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
Stock number one: Rocket Fuel Inc.
Rocket Fuel hits fresh life low after results, levels to watch—Fly on the Wall
Shares are down over 22% to $21.64 at time of writing following earnings announced last night after the close. At current price next support is at $20.67, which is still above the gap open low at $19.75. Resistance is at $22.50, a price level that is still well within this morning's bearish gap and based on a common options strike price.
Trailing PE: NA; Forward PE: 53
Dividend: Listed but I don’t believe it.
Estimate Trend: Up
Ransom Note Trendline: Avoid Rocket Fuel, Inc.
Stock number two: Ralph Lauren Corporation
Ralph Lauren Beats, Falls On Unfashionable Margins—Investor's Business Daily
Ralph Lauren (RL) reported fourth-quarter results that topped estimates on Friday, but the premium clothing and accessories manufacturer's shares fell as it expects margins to fall in its fiscal 2015. The maker of Polo and Club Monaco branded products said Q4 EPS jumped 20% to $1.68, beating views by 5 cents. Revenue climbed 14% to $1.87 billion, above estimates for $1.83 billion. For the year, Ralph Lauren said EPS rose 4% to $8.44, beating views by 5 cents.
Trailing PE: 18; Forward PE: 16
Estimate Trend: Mixed
Ransom Note Trendline: Avoid Ralph Lauren
Stock number three: Symantec Corporation
Symantec Beats on Q4 Earnings, Revs Dip Y/Y--Zacks
Symantec Corporation (SYMC) reported adjusted earnings (excluding amortization, restructuring and other one-time items but including stock-based compensation) of 42 cents in the fourth quarter of 2014, comfortably beating the Zacks Consensus Estimate of 38 cents. On a year-over-year basis, adjusted earnings increased 3.7% from the year-ago quarter.
Trailing PE: 17; Forward PE: 10
Estimate Trend: Flat
Ransom Note Trendline: Avoid Symantec