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Caution Solar Investors: Rise In US Solar Panel Prices Is Not A Function Of Improved Fundamentals
Thursday, August 10, 2017 - 11:10am | 520Solar panel prices have been on the rise in recent months, providing a tailwind to solar stocks. However, according to Axiom analyst Gordon Johnson, investors should be careful about drawing conclusions about underlying demand. In a new note Thursday, Johnson explained that the strong solar...
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Latest Rally In Chinese Commodity Prices Could Be Largely Rooted In Speculation
Monday, July 24, 2017 - 1:44pm | 492It’s been about one month since Chinese Premier Li Keqiang spoke at the World Economic Forum and said that China’s economy is not headed for a hard landing and that it will have no problem meeting growth targets in the near future. Since that time, Chinese commodity prices have been on...
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Axiom's Gordon Johnson, Noted Solar Bear, Upgrades First Solar To Buy
Wednesday, July 19, 2017 - 9:49am | 601After last week’s Intersolar Conference, Axiom's Gordon Johnson expects First Solar, Inc.'s (NASDAQ: FSLR) Q2 earnings to “dazzle." “We are hearing that First Solar is delaying the ramp up of its Series 6 technology, and instead focusing on ramping back up its Series...
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Tesla Could Yet Again Be Eyeing An Acquisition
Thursday, July 13, 2017 - 11:48am | 239Could Tesla Inc (NASDAQ: TSLA) be looking to partner with Meyer Burger Technology? Axiom Senior analyst Gordon Johnson believes a deal could be in the works. “Through our regular checks we learned of an alleged meeting between the CEOs of Meyer Burger and Tesla; our contact suggested Tesla...
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A Top Steel Analyst Highlights Acute Risk To Trinity Industries' 2018 Operating Margin
Thursday, June 29, 2017 - 4:52pm | 360Axiom said in a note there is acute downside risk to the Street's 2017-2018 operating margin estimates for Trinity Industries Inc (NYSE: TRN), going by its analysis of the past four U.S. rail industry down cycles. Defining the onset of the prior four U.S. rail industry down cycles, as the...
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Will Trump's Solar Border Wall Be A Boon For Clean Energy Or More Fat For Taxpayers?
Monday, June 26, 2017 - 8:33am | 759After reports surfaced earlier this month that President Donald Trump is considering covering his proposed border wall with Mexico in solar panels, solar investors finally got to hear the words right from the horse’s mouth this week. On June 21, Trump told supporters in Iowa that a “...
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Can A New CEO Put The Strength Back In US Steel?
Thursday, June 15, 2017 - 1:23pm | 439Looking ahead at a busy next two weeks for the U.S. steel industry (Section 232, inventory data, mid-quarter updates, WSD/AMM Steel Success Strategies conference), BMO Capital Markets analyst David Gagliano rated the United States Steel Corporation (NYSE: X) as Market Perform. Under new CEO David...
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A Long-Time US Steel Bear Is Impressed With New CEO, But Not With Stock
Thursday, June 15, 2017 - 10:21am | 390United States Steel Corporation (NYSE: X)’s new CEO Dave Burritt might not make the stock a Buy Thursday, but his long-term vision for the company could have it repositioned for growth in the years ahead. After speaking with Burritt about his strategy, Axiom analyst and long-time U.S. Steel...
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Iron Ore Pricing 201: Current Spot Pricing Suggests Further Downside
Wednesday, June 14, 2017 - 10:05am | 439The share prices of iron ore miner stocks are pricing in much higher iron ore prices that the market is delivering, suggesting the sector could see significant downside ahead. Axiom analyst Gordon Johnson recently derived implied iron ore prices using the current share prices of five of the world...
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Gordon Johnson Warns US Steel Likely To Cut Guidance Again
Wednesday, June 14, 2017 - 9:05am | 302Axiom Senior Analyst Gordon Johnson expects a significant cut in guidance for United States Steel Corporation (NYSE: X) in late July or early August. When using "a 90% confidence interval, over the 4 observation periods available since X changed the way it guided EBITDA 1/26/16, on...
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This Week In Solar: Trump Getting Bullish, RMB Appreciation Implications
Thursday, June 8, 2017 - 3:40pm | 634Solar stock investors may have a surprising new ally in Washington. This week, President Donald Trump suggested that his proposed border wall with Mexico could pay for itself if the wall were covered with solar panels. In the past, Trump has repeatedly claimed that Mexico would pay for the border...
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Industrials Complexity Has Elevated Q2 Earnings Risk: Here's Why
Tuesday, June 6, 2017 - 10:35am | 359Recent chatter has shown increased concerns over industrial stocks in the second quarter. Axiom analyst Gordon Johnson noted of the seven non-residential construction U.S. data points the firm tracks, all seven were incrementally weaker in April. This event has only happened once in the past 17...
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Where Is All The Market Fear?
Sunday, April 23, 2017 - 1:15pm | 718The United States dropped a 21,600-pound Massive Ordnance Air Blast bomb on ISIS targets in Afghanistan. The attack is the first time the U.S. has used the so-called “Mother of all Bombs” in combat, and news of the bombing came just days after President Donald Trump authorized bombing...
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U.S. Steel: The Best Fade Of The Trump Trade
Friday, April 21, 2017 - 12:26pm | 539A number of stocks delivered huge gains in the weeks following the 2016 election on the hope that President Donald Trump’s policies would create major earnings tailwinds for certain sectors of the economy. Among the biggest post-election winners was United States Steel Corporation (NYSE: X)....
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A Peek Into The Markets: U.S. Stock Futures Edge Lower; Netflix Earnings In Focus
Monday, April 17, 2017 - 7:50am | 524Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade, ahead of earnings from Netflix, Inc. (NASDAQ: NFLX), United Continental Holdings Inc (NYSE: UAL) and J B Hunt Transport Services Inc (NASDAQ: JBHT). The Empire State manufacturing index for April is schedule for...