Diamonds and Dogs


Intel (INTC) bouncing pretty good. The chip giant is up 4% to new recent highs after beating earnings estimates, but actually lost money. Sales fell 36% to $11.71 billion. Management said margins should improve throughout the year while they also commented they are halfway through the chip industry correction. The stock received a couple upgrades while one analyst called it a horrible quarter.

First Solar (FSLR) dims. The solar stock is down 14% after badly missing expectations for the first quarter by a wide margin. Sales did rise 48% to $548 million, but missed estimates of $724 million by 23%. Management remains bullish, but investors are not listening.

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