First Solar (NASDAQ: FLSR) fell 7% on concerns that the US government’s financial support of renewable energy will falter. The federal government’s move toward austerity makes it likely that this threat to earnings and sales will worsen.
Shares in mega-ag company Monsanto (NYSE: MON) dropped about 7% after announcing poor earnings.
Shares in Southwest Airlines (NYSE: LUV) fell 7% as concerns about the safety of its fleet of over 100 737s increased. Southwest did the right thing to take them out of service after one tore open on a flight from Phoenix over a week ago, but has paid a price for good corporate citizenship.
News of a larger-than-expected inventory of oil pushed down shares in Peabody Energy (NYSE: BTU)
Harley Davidson (NYSE: HOG) moved lower on rumors that its March sales were poor. Sales going forward will be probably be hurt because of the increased price of gas.
Yum! Brands (NYSE: YUM) sold down, possibly because rival McDonald’s (NYSE: MCD) announced it will add 50,000 workers–a sign of its sales strength.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
