Cloud Computing Stocks Struggle Despite The Market Rally
This afternoon, most of the leading cloud computing stocks are struggling to trade higher. Salesforce.com Inc (NYSE:CRM) is considered to be one of the leading cloud computing stocks in the market. Today, CRM stock is trading lower by $1.28 to $145.72 a share. This leading cloud stock was trading as low as $143.20 around 1:30 pm EST. Since that afternoon low pivot ...
Solar stocks have been pounded for well over a year. While most investors continue to stay away from them, the right decision may actually be to buy them now. Based on valuation levels, they are extremely attractive at current levels. First Solar, Inc. (NASDAQ:FSLR) is trading at $16.85, +0.31 (+1.87%). This is one of the leaders in the sector and trading higher on a down day on Wall Street.
Green Mountain Continues to Plunge Intra-Day; Company Provided Terrible Q3 Guidance
Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) are getting destroyed on Thursday after the company released its fiscal Q2 earnings results on Tuesday afternoon. The company reported EPS of $0.64 versus estimates of $0.64.
Revenues were $885.05 million versus estimates of $971.65 million.
Gross margins in the quarter fell 210 basis points to 35.4 percent.
Every trader and investor has seen the continual decline in the solar stocks in the past year. There is no other way to describe it than epic. Today, First Solar, Inc. (NASDAQ:FSLR) will report earnings. Analysts expect a profit of $0.48 per share. However, the market has priced in the whisper number of $0.29 per share.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is getting smoked today on the back of an earnings miss and uncertain guidance going forward. The stock is trading at $25.97, -23.55 (-47.56%). The biggest volume of the day came around 12pm ET as the stock hit a low of $24.40. This is known as capitulation and usually notes a major low in the stock.
First Solar, Inc. (NASDAQ:FSLR) continues to drop, even in the face of a solid rally on Wall Street. The stock is trading at $18.12 -0.52 (-2.79%). This stock broke its previous support of $20.00 on Monday and is now headed for $17.00. Once at $17.00, First Solar becomes an attractive bounce candidate.
This morning, many of the leading cloud computing stocks are failing to rally with the technology sector. This is very strange since the NASDAQ Composite is higher by 2.00 percent at the open of the session. One of the leading cloud computing stocks in the market is Salesforce.com Inc (NYSE:CRM). This stock is trading lower by 0.73 cents to $149.25 a share.
(UFPI, ULGX, GMCR, CRWE) StockBling.com Stock Market Updates
This morning, some of the leading cloud computing stocks are coming under selling pressure. Leading cloud computing stocks such as F5 Networks, Inc.(NASDAQ:FFIV), and VMware, Inc.(NYSE:VMW) are leading the cloud computing sell off. Both of these stocks have already bounced off of the morning lows.
Coffee Makers Spill All Over the Map; Tim Hortons & McDonald's Burnt by Starbucks' Success
(UNH, THC, CRWE, FSLR) StockBling.com Stock Report
(NEE, CRWE, FSLR, FLT) CRWENewsAlert.com Stock Market Report
The markets are seeing some selling on worries stemming from China and Europe. China lowered its growth rate to 7.5%. This is bearish for the entire globe as most advanced economies rely on China. In addition, European issues have started to bubble up again. Things with Greece are getting messy and Spain has said they will not meet the spending cuts required by the bailout of 2011.
First Solar, Inc. (NASDAQ:FSLR) is trading at $30.38, -1.92 (-5.94%). The stock continues to get hit after reporting quarterly results that did not meet expectations. While this news has sent the stock price lower, many traders are looking for the bottom. The key is to look at the chart and discover the next major support levels. The first obvious level is the 52 week low.