ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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
At the end of December, I suggested that the post-earnings trading in U.S. Steel (X) and Nucor (NUE) would be explosive based upon stealth rallies from the November lows that occurred despite a strong accumulation in puts and shorts on those stocks. On Tuesday, both steel companies delivered disappointing earnings that included cautions regarding continued … Read more
In my last piece on Google (GOOG), I neglected to post an update to my chart on the company’s revenue metrics using the 2009 fourth quarter earnings report. The chart below shows that revenue per employee has now returned to the highs at the beginning of GOOG’s existence as a public company. Assuming that net … Read more
Google (GOOG) fourth quarter earnings last night were largely as expected: “Google reported revenues of $6.67 billion for the quarter ended December 31, 2009, an increase of 17% compared to the fourth quarter of 2008…GAAP EPS in the fourth quarter of 2009 was $6.13…compared to $1.21 in the fourth quarter of 2008…Non-GAAP EPS in the … Read more