First Solar (FSLR) is the biggest solar energy sector winner. The stock opens the day at a new high of $294.53. The firm benefits from the U.S. International Trade Commission’s plans to start its anti-dumping against firms in Asia. Markets expect the Commission to levy fines against several firms in Cambodia, Vietnam, Malaysia, and Thailand.
Paramount (PARA) plunged by 7.85% after Shari Redstone ended her talks with Skydance. When Skydance lowered its bidding price, the majority owner walked away. Although shareholders benefit from the deal falling through, avoiding stock dilution, the share price faces selling pressure.
Watch Southwest Airlines (LUV) today. The stock pulled back from the $30 resistance level, a day after Elliott confirmed it held a $2 billion activist stake.
NextEra Energy (NEE) lost 5.5% on Tuesday, pulling back from the $80.47 peak. The firm issued FY 2027 adjusted earnings guidance of $3.85 to $4.32 in EPS.
On the earnings calendar, watch Broadcom (AVGO) ahead of its report tomorrow. The firm is among the best-run technology investments. On Friday, Adobe Systems (ADBE) will post quarterly results. The Photoshop software supplier lost 22.45% in 2024. The stock trades at a rich valuation, with a price-to-earnings ratio of 44.2 times.
