Tuesday, February 24, 2015

Feb 24 Tuesday Morning Notes

SPY closed yesterday at the highs at 211.20. It's currently trading around 211.17.

From Marketwatch:
First Solar FSLR, +1.26%  shares jumped 10% to $54.76 on moderate volume and SunPower SPWR, -0.82%   shares surged 12% to $31.14 on moderate volume. The companies said they are in advanced negotiations to form a yieldco, a joint vehicle of pooled solar generation assets, with an eye on launching an IPO for the spinoff.
SPWR notes: Stock also posted earnings this AM, so it has this business deal and the earnings for the  market to digest.
MKT cap: $3.7b
Effective mkt cap: $1.45b
Short interest: 19%
52wk hi/lo: 42/22.75
Pre-mkt volume/ratio: 279k/.1276
Pre-mkt price action: Strong support 31, resistance at 32, then 32.50 in pre. High was 32.49. Has a range of about 4.8% in pre.
Technicals of note: Currently trading above the 20ema and 50sma. The 200sma is 32.00

TOL is trading 4.5% higher after beating on earnings.

MU is dropping 2.5% after news that Samsung will be supplying chips to AAPL.

WYNN MGM LVS and MPEL are all down about 2% on Macau news this AM

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