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

NorthStar Realty Finance Corp. (NYSE:NRF) announced 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 reason: “The Company intends to use the net proceeds of the offering to make investments relating to its business, to repurchase or pay its liabilities and for general corporate purposes.”

Don’t Miss: Wall Street Watch: LinkedIn Earnings, Facebook’s IPO.

Translation: 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.

Volume is off-the-hook and it looks like traders love the easy short on a stock which has clearly had a solid run.

LinkedIn (NYSE:LNKD) is on fire after earnings. Net income and revenues rose more than twofold. Bangin!

The stock is approaching 52-week highs of $122.70, so keep your trading discipline tight until it breaks through resistance with conviction.

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

First Solar (NASDAQ:FSLR) earnings are also out, and apparently investors hate the numbers. Solar has hit a wall with European and US demand dropping in the shitty economy.

First Solar and the solar industry in general have had absolutely awful return on investment for long investors. Shorts are the only traders killing it here. The stock continues to make all-time new lows.

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

Happy trading!