ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Over the past two months or so, analysts have rolled out a series of positive commentaries on the prospects for Research In Motion (RIMM) and its upcoming earnings announcement (March 31). The table below shows the wide range of upgrades and bullish price targets from various analysts. In addition, at least four analysts have issued … Read more
Ever since I speculated that the market had finally reached a (near-term) top in January, I have been tracking signals confirming this top. Every once in a while, I stumble upon a significant stock that flashes a contrary sign and gives me pause. Cummins, Inc. (CMI) is a company with such a stock. Cummins, Inc. … Read more
The first rate pain continues with First Solar (FSLR). At the time of posting, First Solar has dropped over 4% (to $108) in after hours trading upon the release of its 2009 annual report. No doubt the seventeen pages describing risk factors contributed to the latest reason to sell First Solar shares. These morbid details … Read more
Solar investors and traders know the post-earnings routine all too well by now: 1) solar company releases earnings, 2) after hours trading initially sends the stock up on stellar headline results for the last quarter, 3) and then trading sends the stock into negative territory once guidance rolls across the tape or during the conference … Read more
First Solar (FSLR) reports earnings tonight, and short interest is at a record high. Data from nasdaq.com. Latest update January 29, 2010 This short interest represents about 36% of FSLR’s float. Toss in negative news flow and for the first time in a long time, negativity is running extremely high going into FSLR’s earnings. As … Read more