Diamonds and Dogs

3/19/18

The sun is shining on Canadian Solar (CSIQ) following better than expected earnings. The solar company is up 4% beating on earnings and sales. Revenue rose 65.9% year over year to $1.11 billion. The company also issued upside guidance for Q1 with revenue of $1.37-1.40 billion vs. estimates of $1.22 billion. Full year guidance for 2018 is expected to be $4.4-4.6 billion vs. estimates of $3.98 billion.

Facebook (FB) leading the tech sector lower. Facebook is down 6.14% on track to post their worst daily drop in about four years amid concerns about how the social-media giant managed user data. British lawmakers slammed Facebook over the weekend for not providing more information about how the data firm, Cambridge Analytica, came to access information about potentially tens of millions of the social network's members without their explicit permission around the time of the 2016 presidential election. Facebook has called 2018 a transition year and an number of analyst have selling ratings on the stock, yet the stock still maintains a half a trillion dollar market cap.