Week’s Biggest Market Losers (FSLR)(MON)(HOG)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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