John Ransom

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

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Stock number one: Inc.

Amazon gains on June event—MarketWatch AMZN +6.25%shares advanced 6.8% after the company’s announcement of an event on June 18 to launch a new device prompted speculation that it may unveil a smartphone that would put it in direct competition with Apple Inc. AAPL +0.31%and Samsung Electronics Co. KR:005930 -0.88% .

Symbol: AMZN

Trailing PE: 509; Forward PE: 100

PEG: 6.09

Dividend: NA

Estimate Trend: Flat

Ransom Note Trendline: Avoid Amazon

AMZN Chart

AMZN data by YCharts

Stock number two: Apple

Apple iWatch expected to debut with iPhone 6 this fall--Investor's Business Daily

iWatch is likely to be unveiled with the iPhone 6 in September, reports an analyst attending a major tech show in Taiwan currently underway.

Wearable technology is the major theme at Computex Taipei, where analyst Brian White of Cantor Fitzgerald said information he collected "highlighted that initial production of certain iWatch components is scheduled to begin later this month," with plans for a sharp acceleration into fall.

Symbol: AAPL

Trailing PE: 15; Forward PE: 13

PEG: 0.96

Dividend: 2.10%

Estimate Trend: Up

Ransom Note Trendline: Buy Apple

AAPL Chart

AAPL data by YCharts

Stock number three: Whole Foods Market, Inc

Whole Foods advances after analyst initiates with $48 target--Fly on the Wall

Shares of Whole Foods (WFM) are climbing after research firm Imperial Capital initiated coverage of the shares with an Outperform rating, saying that the recent decline in the stock has created an attractive entry point. WHAT'S NEW: Whole Foods is continuing to gain market share, and its profits can grow at a compound annual growth rate of 12% over the next three years, Imperial analyst Mitchell Pinheiro wrote in a note to investors last night.

Symbol: WFM

Trailing PE: 26; Forward PE: 23

PEG: 1.82

Dividend: 1.30

Estimate Trend: Up

Ransom Note Trendline: Avoid Whole Foods

WFM Chart

WFM 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.