Welcome to John Ransom's Stocks In The News, where the headline meets the trendline.
Stocks in the News is produced by Ransom Notes Radio and Goodfellow, LLC. Crista Huff manages?Goodfellow LLC, a website that recommends outperforming stocks using fundamental and technical analysis.???
Stock number one is:?
Google Inc., (SYMBOL:? GOOG) and the headline says:
Google I/O 2013 Is All About Cleaning Up the Mess and Filling In the Gaps? Time Tech
Google Inc. reported a variety of product improvements and tools for developers at its Google I/O 2013 Conference yesterday, solving problems with the Google Wallet checkout process, and introducing a new vector-mapping service in Google Maps.? ?The biggest new product launch was arguably Google Play Music All Access, a competitor to subscription services like Spotify,? reports Time Tech.? The music service is being launched today in the U.S.
Google?s earnings are expected to grow 15-18% per year for the next three years.? The PE is 19.9.? Google has $48 billion in cash-on-hand.
The stock broke past long-term resistance in September, and continues to reach new highs.? We wouldn?t chase the stock after its big run-up this month.
Our Ransom Note trendline says:? BUY ON A PULLBACK TO $850.
GOOG data by YCharts
Stock number two is:?
Hess Corp., (SYMBOL: HES) and the headline says:
Hess to Strip CEO of Chairman?s Role After Annual Meeting-- Bloomberg
Oil company Hess Corporation, with $38 billion in annual revenues, plans to replace John B. Hess as Chairman and give the position to former GE CEO John Krenicki at next week?s board meeting. The company is in a proxy battle with Elliott Management Corp. over management of Hess.
The industry has been rife with bad governance.? In recent weeks, Occidental Petroleum, Chesapeake Energy, and Transocean Ltd. have each seen shareholder activists force top-level management changes in order to improve operations.
Source: http://townhall.com/columnists/cristahuff/2013/05/17/-n1599116
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