ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Adobe Systems, Inc. (ADBE) was punished on Wednesday for an earnings report that produced guidance slightly below analyst expectations. The stock dropped as much as 26% after ADBE guided Q4 earnings to $0.48-0.54 EPS vs. $0.53 analyst consensus and Q4 revenues $950M to $1.0B vs. $1.03B analyst consensus (from briefing.com). The severity of the sell-off … Read more
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