OK, so here is the weirdest story of the day. SolarWorld (SWV.F), one of the largest solar companies in Germany, today declared that they want to buy several sites in Germany that now belong to the Opel division of General Motors. In short, they want to expand from solar modules into the auto business. As noted in an AP story picked up by the Wall Street Journal, SolarWorld said it intends to o...
Results 1 - 10 of 19 for "SOLF"
Good morning. Premarket futures are under pressure this morning and point to a weak start. Among the notable headlines include Best Buy who reported that its same-store sales fell 7.6% in October amid "rapid, seismic changes in consumer behavior have created the most difficult climate we've ever seen." This report confirms other news that retail sales weakened further while consumer confidence ...
Another day, another 2% gap… On Today’s Calendar: 10:30 — Treasury Secretary Paulson speaks More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. Also be sure to check my typical swing trade entry & exit rules. Potential day trades: (From...
As I noted earlier, yesterday afternoon’s currency-related earnings warning from SunPower (SPWRA) has sucked all the air out of the recent Obama-powered rebound in solar shares. Two analysts responded to the news by downgrading SunPower; the more serious question are whether this is an isolated event, or if the numbers for the rest of the solar sector are all too high. Credit Suisse analy...
Good morning. Premarket futures are lower as investors digest Obama's victory and sort through the latest earnings and economic data. As for the latter, Challenger reported layoff announcements that totaled a five-year high and ADP is calling for a drop of 157,000 in October nonfarm private payrolls. In addition, rising mortgage rates last week were to blame for large declines in both refinanci...
Today’s tickers: ADM, KGC, AMLN, ALKS, SOLF, HLF & EXPD ADM – Archer Daniels Midland Co. - Knock’em dead profits at grain processor, ADM beat expectations of 72 cents per share with $1.61 per share. Shares jumped 16% to $24.50. The company processed enough soybeans and handled enough grain to add just over a billion dollars to the bottom line in the third quarter. That com...
Rebecca Engmann Darst co-authored this article.Archer Daniels Midland Co. (ADM) - Knock’em dead profits at grain processor, ADM beat expectations of 72 cents per share with $1.61 per share. Shares jumped 16% to $24.50. The company processed enough soybeans and handled enough grain to add just over a billion dollars to the bottom line in the third quarter. That compares to $441 million one...
Good morning. As Americans head to the polls on this important election day, premarket futures are in positive territory. Much like yesterday, the newswires are relatively quiet and focused more on the election than anything else. However, at least part of the positive bias we're seeing follows strength in overseas markets, some strong earnings from MasterCard and ADM, and news that Uncle Sam i...
I just got back from voting. It *only* took 45 minutes. I wasn’t expecting the 3 & 4 hours people were reporting for early voting but I didn’t think I’d be back at home in time for the market to open. I had planned on this being a wasted day for trading and figured I’d just use the rest of the day after voting to take care of some errands. Given the gap up and what ...
What I’m doing now is creating a morning post and then just commenting under that post all my trades for the day. Its kind of like twittering my own posts. I’m finding it easier to do it this way. Today was a flat market, but I was out trading like a banshee raking in gains. This morning I purchased: Bought: UYG @ 9.92 AIG @ 2.03 SCA @ 1.28 CLF @ 29.04 ABK @ 2.82 RF @ 11.66 Sold: SC...