Shares of First Solar Inc. (FSLR) closed up +12.31 or +45.54 percent to $39.35 per share on Tuesday, after the company announced an optimistic guidance for its 2013 fiscal year. The stock’s precipitous rise in Tuesday’s session triggered NASDAQ circuit breakers and was halted five times during trading. In addition to the improved earnings guidance,
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Market Commentary
First Solar (FSLR) Shares Soar on Guidance, TetraSun Acquisition
April 10th, 2013Wall Street Has Strong Day as Dow Touches Intraday High (FSLR, JCP)
April 9th, 2013Markets rose for the second consecutive day Tuesday as the Dow briefly reached a new all-time high of 14,716.46. Investors’ first impressions of the earnings season were positive, with blue-chip tech stocks seeing solid gains. Shares of First So…
Facebook (FB) Phones Home
April 9th, 2013Last week, Facebook (FB) announced “Home” for Android, a hub application that ties together Facebook features and mobile apps on a single platform. Prior to the announcement, finance writers and analysts had been speculating that Facebook might release a phone to compete with Apple’s (AAPL) iPhone or other Google (GOOG) Android devices. During the announcement,
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Markets Close Higher Ahead of First Earnings Reports (AA, AMD, MSFT)
April 8th, 2013Wall Street reversed earlier losses on Monday to finish positive ahead of the beginning of earnings season this week. After the bell, Alcoa Inc. (AA) reported first-quarter earnings of 11 cents per share and revenue of $5.83 billion against estim…
Walt Disney (DIS) Closes LucasArts Games, Plans Layoffs
April 8th, 2013Last week, The Walt Disney Company (DIS) announced that it would start laying off staff in its studio and consumer product divisions to streamline the company’s operations. It also announced that it would shut down LucasArts games studio, which it a…
Markets Fall on Disappointing March Unemployment Report (DAL, AA)
April 5th, 2013Stocks ended down on Friday, with the S&P 500 and Nasdaq logging their worst weeks of 2013, after weaker-than-expected jobs data added to fears that the economic recovery could be losing momentum. North Korea also remained a concern after Pyo…
Nvidia (NVDA) Crosses Swords With AMD (AMD)
April 5th, 2013Graphics chip giant Nvidia (NVDA) has had a pretty tough year. Shares of the Santa Clara, Calif.-based company have slid 12% over the past twelve months, and plunged 35% over the past five years. However, recent reports suggest that Nvidia is poised…
Disappointing Jobs Report Hurts Markets and Economic Outlook
April 4th, 2013Weekly Wrap Up The week ended with negative news coming from the jobs market and dragged down the major US indices. It was reported that employers added less new jobs than was expected for the month of March and the labor participation rate dropped to 63.3%, a thirty four-year low. The S&P experienced its worst
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Stocks Edge Higher on Bank of Japan Stimulus Measures (BBY, AAPL, FB)
April 4th, 2013In a mostly mixed trading day on Thursday, stocks crawled higher after the Bank of Japan announced aggressive new stimulus measures to help fight deflation. That good news for investors was offset by an unexpected jump in weekly jobless claims, t…
Google (GOOG) Becomes a Grocer
April 4th, 2013Internet search giant Google (GOOG) surprised the market last week after it announced that it was investing in grocery delivery. The project, Google Shopping Express, is currently being tested on a small group of consumers in San Francisco and the B…
Markets Retreat on Weak Economic Data, North Korea Concerns (ZNGA)
April 3rd, 2013Stocks pulled back on Wednesday after a report showed lower-than-expected private-sector hiring in March, which worried investors ahead of Friday’s jobs report. Concern over North Korea also weighed on markets after U.S. Secretary of Defense Hage…
Five Stocks to Watch in April
April 3rd, 2013 The stock market continued higher in March, ending 2013′s first quarter on an extremely positive note. Tuesday’s rally, with the Dow rising 89 points took the index to new all time highs and into uncharted territory.
The Dow closed at 14,662 on Tue…
Wall Street Rises on Cyprus Deal, Healthcare Industry News (HPQ, HTZ)
April 2nd, 2013Stocks rose on Tuesday after Cyprus reached a bailout deal, still requiring ratification, in which it will receive a 10 billion Euro loan. Healthcare stocks saw strong gains after the government dropped plans to cut payments for private Medicare …
Amazon.com (AMZN) Purchases Goodreads
April 2nd, 2013Last week, e-commerce giant Amazon (AMZN) announced that it would purchase Goodreads, a niche book recommendations social site with more than 16 million members. Goodreads’ members have added 530 million books to their digital collections, and writt…
Markets Retreat After Weak Manufacturing Report (TSLA, EBAY)
April 1st, 2013All of the major markets ended the first trading day of the quarter lower on Monday after the manufacturing sector unexpectedly slowed in March. Following last Thursday’s record closing price, the S&P500 declined for the first time to begin a…
Apple (AAPL) Gets a Double Whammy of Bad News
April 1st, 2013Things have been rough for Apple (AAPL) shareholders over the past year. The stock, once the darling of Wall Street, has fallen over 25% over the past twelve months. CEO Tim Cook’s performance after Steve Jobs’ departure has been mixed, as South Kor…
US Indices Finish Strong for the Quarter; Euro Zone Concerns Continue
March 29th, 2013Weekly Wrap Up This week in the US multiple reports signified economic healing and caused consumer sentiment to jump after an initial decline at the beginning of March. Consumer spending increased by the most in about five months and the jobs market saw good news with a rise in income and the number of new
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BlackBerry (BBRY) Plunges on the Z10′s Lackluster Reception
March 29th, 2013Shares of Research in Motion (BBRY), which was recently renamed BlackBerry, plunged last week after analysts at Deutsche Bank issued a report claiming that initial sales of the BlackBerry Z10 were very poor, even in the company’s native Canada. The Z10, which runs on BlackBerry’s eagerly anticipated BlackBerry 10 platform and uses a full touch
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S&P Rises Above Record Close as Markets Finish a Strong Quarter
March 28th, 2013All major indices closed the quarter on a positive note Thursday after news that the economy had expanded more in Q4 than was previously estimated by the government. The S&P 500 closed above it’s previous record high and has gained nearly 10%…
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Stocks Jump as S&P 500, Dow Reach Record Highs (MU, INTC, CSCO)
April 10th, 2013Wall Street had a record-setting day on Wednesday as the S&P 500 and Dow reached all-time high levels and the NASDAQ closed at its highest price since 2000. Tech stocks led the market gainers as Micron Technology (MU), Intel (INTC) and Cisco …
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