Stocks in the News — week of June 2, 2014 (June 6th update)

The stocks in this industry have begun breaking out of trading ranges again, exactly as I said they would.  I correctly predicted their price movements dozens of times this year.  It’s time for investors to buy within this industry group!  Read more here:  This Industry’s Stocks are Poised for Immediate Breakout.

(06-06-14)

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ConAgra Approaches Price Resistance:  Sell

(CAG, $32.53, up $0.16 midday)

Shares of ConAgra Foods Inc. are approaching price resistance at $34.  Shareholders should expect the stock to subsequently pull back as it digests its recent climb from the February lows of $28.09.

All eight 2013 & 2012 Goodfellow LLC stock portfolios

dramatically outperformed both the S&P 500 and the Dow!

View our outstanding 2013 and 2012 stock portfolio results.

Earnings per share (EPS) growth projections for fiscal 2015 have dropped in recent months from 11% to 6.3%.  (The company operates on a May fiscal year-end.)  The price/earnings ratio (PE) is 13.7, and the dividend yield is 3.1%.  

CAG shares do not earn a buy rating from Goodfellow LLC due to the slow projected earnings growth, and the high long-term debt ratio of 60%.

My recommendation is that shareholders trade out at $33.50 and invest their capital in a stock with strong projected earnings growth and a bullish chart.  Otherwise, their money is likely to stagnate in ConAgra stock when it could be growing elsewhere.

Goodfellow LLC RatingSell, Public.  (06/05/14).  

CAG Chart CAG data by YCharts * * * * * 

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All stocks chosen via strict fundamental and technical criteria.

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Send questions and comments to research@GoodfellowLLC.com.

Happy investing!

Crista Huff

President

Goodfellow LLC

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