Closing Bell Trading Targets: First Solar, LinkedIn, and More

LinkedIn (NYSE:LNKD) is today’s Wall Street darling. The social media company continued to deliver exciting numbers during earnings.

The stock was not able to take out its 52-week high of $122.70. Keep your eye on whether traders push through the rough intra-day high of $120 or low of $116 in the final 30 minutes.

Don’t Miss: Here’s Why Analysts Are So Keen on LinkedIn >>

NorthStar Realty Finance Corp. (NYSE:NRF) is in the crapper after announcing it has priced an underwritten public offering of 20,000,000 shares of common stock at a public offering price of $5.70 per share. The company is borrowing money to pay debts. This doesn’t reflect well on the strength of cash flow. Moreover, the offering dilutes current shareholders.

The morning saw a dead cat bounce, then a downtrend all day. The final 30 minutes will be interesting. Traders will likely start covering shorts or dump into the bell.

First Solar (NASDAQ:FSLR) earnings continue to go up in flames. The stock built an intraday bottom, but lunchtime attempts to rally both failed. If the stock takes out intraday lows, don’t get burned.

Get deeper investing insights: First Solar Earnings Signal Industry Troubles >>

Happy trading!