Thursday, October 29, 2009

Intraday action (XOM, TLB, FSLR)

US indexes are all up over a percent, with the DJIA lagging due to number 2-weighted Exxon's(XOM) 1.4% decline.

Leading the gainers is Timberland (TLB), up 27% on a big earnings beat. (Modeled by Kanye above). They increased operating income 10% despite a drop in sales.

Among losers is FirstSolar(FSLR). Despite beating estimates, multiple firms cut their rating and price target on the stock, expecting continued erosion in ASP (Average Selling Price).

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