ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Earnings excitement is one casualty of the current selling in the market. Several big cap stocks and multinational companies generated a lot of hype and attention from their earnings results this quarter. A number of those gains have been erased and then some. Four stocks have attracted my particular interest: Apple (APPL) – A market … Read more
MEMC Electronic Materials (WFR) manufactures silicon wafer solutions for the semiconductor and solar industries. WFR fell 19% on Friday in response to earnings despite the company’s reassurances that it is on track to meet full-year guidance targets (click here for the transcript from Seeking Alpha): “In the first quarter, revenue was ahead of our internal … Read more
My earnings play on First Solar (FSLR) unfolded much better than expected today. The post-earnings pop took FSLR directly to my standing $149/150 price target that represents a fill of the earnings gap from October. See chart below: *Chart created using TeleChart: I believe the biggest catalyst for today’s 18% move was FSLR’s tremendous boost … Read more
First Solar (FSLR) has made a good recovery from the selling following February’s earnings report. Two weeks ago, FSLR closed as high as 9% above its price before its previous earnings and completed a 40% run-up from February’s bottom. The recent highs also marked the post-earnings highs from October’s poorly received earnings report. The stock … Read more
Toll Brothers (TOL) has disappointed market participants with its earnings reports over the past 12 months. For example, December’s earnings generated a one-day drop over 7% that finished eliminating a strong gap up in response to November’s preliminary report. However, February’s earnings barely generated a yawn. A week later, the stock resumed an uptrend that … Read more