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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

5/20/13

Team Inc. (TISI)

Team Inc. is falling apart today, down 16.92% at $35.10. The high temperature and high pressure piping company saw its shares trade in the red after Team released a forecast for its fourth quarter. For the company's fourth quarter, management sees earnings between $0.52 and $0.60 per share. Its prior outlook was for $0.69 to $0.84 per share, and analysts were expecting Team to make around $0.72 per share. Management blamed the lowered forecast on a lower than expected profit margin due to cost and utilization difficulties. Team shares are trading in the middle of their 52-week range of $24.95-$46.66.

JA Solar Holdings Co. Ltd. (JASO)

JA Solar Holdings is on fire today, up 70.23% at $9.55. The solar panel company saw its shares skyrocket after releasing astonishing earnings. First-quarter revenue was $270 million, with a net loss of $33.3 million, or $0.85 per share. Analysts were expecting $226 million in revenue and a $1.03 per share loss. The better than expected earnings led investors to buy shares, hoping for continued success in the future. JA Solar traded to a new 52-week of $9.86 intraday. Along with JA Solar, many solar stocks were up today as German economy minister said that anti-dumping duties on Chinese solar panels would be a "grave mistake".
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.