The markets are hovering around the flat line as all eyes remain on Europe. Europe has been quiet this week and that is making investors uneasy. The SPDR S&P 500 ETF (NYSEARCA:SPY) $122.28, +0.57 (+0.47%). While the S&P 500 is slightly higher on the day, the technology tracking ETF, PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)  is trading at $54.81, -0.08 (-0.15%).

One of the main stocks on the radar today is Research In Motion Limited (USA) (NASDAQ:RIMM). They report earnings after the market closes today. The stock is currently trading at 52 week lows as Wall Street awaits the report. The bearish sentiment is high right now which may mean bad news is already factored in.

First Solar, Inc. (NASDAQ:FSLR) dropped over 20% yesterday. This stock is down again, trading at $32.01, -1.44 (-4.30%). The company warned on future earnings results and today hit a low not seen since 2006. At this point, the stock is near a longer term low and into major support. While the stock continues to be high risk, upside is likely from here.

Gareth Soloway
InTheMoneyStocks.com

Views: 28

Tags: FSLR, QQQ, RIMM, SPY

Comment

You need to be a member of Stock Trading Community - News, Penny Stocks, Forex, Day Traders to add comments!

Join Stock Trading Community - News, Penny Stocks, Forex, Day Traders

© 2014   Created by Roger Carter.

Badges  |  Report an Issue  |  Terms of Service