First Solar Adds to Solar Investors’ Concerns

Its looking like the solar industry may be heading back into a not-so-sunny period, at least as far as corporate earnings are concerned. First, SunPower indicated last week that its 2009 revenue would be weaker than many investors had expected, sparking a selloff that has since stripped 24 percent from the stock’s market value. Then Germany, whose subsidies have been crucial for growth at SunPower and First Solar, indicated it may be softening its solar-friendly stance. Now First Solar ha

HELP WANTED!!!

Matt Taibi's Latest big Rolling Stone article came out last week to no fanfare. RS has stopped simulpublishing to the web and print edition to sell hard copies. That may or may not be working. I can't say. But it's killing Taibbi's viral-ability on the internet. Anyway. I just found the article, but only by wondering if it was up yet, then going there, and finding it. Shame because it's really important. It goes a long way towards confirming what many of us have suspected/known all along:

Earnings Wrap: SLAB, CDNS, EFI

Folks, I’ve been remissing in not mentioning some of the less prominent earnings this evening: Cadence Design Systems (CDNS) reported Q3 revenue fell 7% to $216 million, ahead of estimates of $214.8 million, while the company’s profit of 3 cents per share was ahead of the average 1-cent loss estimate. The company forecast Q4 sales and profit in line with estimates, at $215 million to $225 million and profit per share of 2 cents to 4 cents,versus the $220.6 milllion and 1-cent estimates.Share

Stocks to Watch: Conoco Philips, Apollo Group, and Apache

Reported This Morning: Conoco Philips (COP) COP reported earnings of $1.00 before the bell, beating estimates by $.06. Report Recap: Earnings fell 71% year-over-year on a $1.5 billion drop in profits. “Although we operated well, we were adversely impacted by low North American natural gas prices and worldwide refining margins, which led us to curtail approximately 300 million cubic feet a day of natural gas production starting in late August and reduce refinery runs,” said CEO Jim Mul

Dandelion Salad’s Tweets

Dandelion SaladBy Mike Whitney October 28, 2009 “Information Clearing House“Interview with Michael D. Yates and Fred Magdoff 1. Mike Whitney—In your new book, “The ABCs of the Economic Crisis: What Working People Need to Know”, you allude to right wing think tanks, like the Heritage Foundation and the American Enterprise Institute, which promote a “free market” ideology. How successful have these organizations been in shaping public attitudes about capitalism? Do you think that attitudes are beg

China Life reports more than doubled net profit in Q3

China Life Insurance Company Limited, the country’s largest life insurer, posted a net profit of 5.95 billion yuan (871.74 million U.S. dollars) in the third quarter of this year, up 154.55 percent year on year. The company attributed the profit surge to the improvement in the country’s equity market, which led to higher investment returns, it said in a report to the Shanghai Stock Exchange on Monday. China ’s key Shanghai stock index has gained more than 70 percent this year, boosted by

AKAM, CPE, DTCT, DrStockPick.com Watch List! for Thursday October 29, 2009, Akamai Technologies Inc., Callon Petroleum Co. and Diatect International Corp., DTCT.OB

Dr Stock Pick HOT News Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ DrStockPick.com Watch List! My Picks for Thursday October 29, 2009, are: ************************************************************** AKAM, Akamai Technologies Inc. AKAM provides market-leading managed services for powering video, dynamic transactions, and enterprise applicatio

October 28, 2009 Stock Market Recap

It was a bloodbath today, especially in small caps and Nasdaq stocks. Midday I was surprised at how many stocks were popping up on my scanner which were down between 4 and 9%. There was a lot of technical damage done as many stocks and indices broke their 50-day moving averages. ( T2108 plunged all the way down to 25 today.) Volume surged across the board and every sector was down on the day . We're also starting to see October lows get broken. The Russell 2000 did just that today and in

Galleon Paid Bankers Millions For Extra, Non-Public Info

The latest development in the Galleon story makes Wall Street banks, like Morgan Stanley (MS) and Goldman Sachs (GS), look pretty bad. FT : Although bank policies often prohibit employees from divulging specific information about orders, executives who dealt with Galleon said it regularly received “colour” on market developments, frequently delivered in Wall Street slang. One example would be traders discussing a “page one seller” of shares – a reference to the first page of the Bloomberg lis

First Solar (FSLR) Dives After Missing On Whisper EPS, Revenues; Holds Steady On Guidance

First Solar is selling off more than 15% in after hours trading and taking out key support levels again after the company beat Wall St estimates of 1.73/share, but missed the whisper number of 1.90 share. The company also missed by a wide margin on the revenue number but held firm with its full year revenue forecast of $1.975 – 2.025 billion which is at the high end of the previous range. All in all, a mixed report out of First Solar (FSLR) which this quarter isn’t being treated too kindly by

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