ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Research In Motion (RIMM) is clearly serious about putting its cash to work. On June 24th, RIMM announced it was doubling down on its recently completed stock repurchase program by adding another 31 million share allotment. In last week’s earnings report, RIMM indicated that it essentially went all in spending a whopping $1.53 billion on … Read more
I wrote earlier about a “stealth” rally in solar stocks featuring ReneSola (SOL), Solarfun Power Holdings Co Ltd (SOLF), LDK Solar Co Ltd (LDK), Trina Solar Ltd (TSL), and First Solar (FSLR). In all the excitement, I managed to neglected (at least?) two other stocks publicly traded in the U.S. that are in the green … Read more
We finally got the news on INTC that the market appears to have long anticipated. This morning, Intel (INTC) lowered revenue and margin guidance. Revenue guidance is now “…$11.0 billion, plus or minus $200 million, compared to the previous expectation of between $11.2 and $12.0 billion.” Margin guidance is “…now 66 percent, plus or minus … Read more
This is a quick post demonstrating two stocks recovering from post-earnings losses, that is, filling post-earnings gaps down. Netflix (NFLX) surged 7% on Friday on strong buying volume, smashing through resistance at the 200-day moving average (DMA), and filling a gap created from post-earnings disappointment. Not wishing to press my luck further, I sold my … Read more
As expected, First Solar’s earnings last week did not print any big surprises. Read a brief summary provided by earth2tech or flip through the earnings presentation for more details. The mixed results provided no clear trading catalyst, putting key technical levels in play that I was looking to trade. Support at the 200-day moving average … Read more