Sunny side up!
While America is still debating if climate change is real or an elaborate hoax and whether we can trust climate scientists “who can’t even get a weather report right”; we are worried if we will have to face a mosquito infestation in future due to climate change as Bart Simpson had dreamed up 17 years ago in “Bart to the Future”!
Canadian Solar, Inc., a NASDAQ-listed Ontario-headquartered company came out with their quarterly results yesterday and they got more than their fair share of attention from Wall St. thanks to the Paris accord divorce announcement.
Canadian Solar reported a 6% dip in its revenues year-over-year but said it is not able to keep pace with the overwhelming demand for its solar modules in China at this moment! Roughly 58% of its revenue came from Asia (China in particular) and Americas contributed to about 30%.
Most of the questions from the analysts’ in the conference call focused on Section 201 — a section of US trade law that American solar companies like Suniva is hoping President Trump would enforce, curbing cheap solar imports to US; a sort of trade protection for survival of American solar companies!
The dollar millionaires!
The place where consumers penny shop and do regular shopping hauls, Dollar General, is on an upswing after last week’s earnings release!
People often ask us Wall Streeter’s why we burn the midnight oil in analyzing earnings releases and this is a good example to show — a big jump in the stock price post earnings release.
So what is it that Dollar General is doing right to get so much love from Wall St.?
While other big discount retailers like Target and Wal-Mart are struggling and closing down stores, Dollar General is on an expansion spree by opening new stores/distributed center and acquiring smaller businesses. It bought 322 stores from Charlotte based Family Dollar/Dollar Express and plans to rebrand the stores by end of November.
Taking a leaf out of Wal-Mart’s strategy, Dollar General is also planning to focus on fresh produce as the present product mix is heavily skewed towards packed consumables and apparel. It even took a dip in its operating margin to re-train and increase wages for its managers!
Snapping at it!
Silicon Valley bullies are giving the new kid on the block, Snap Inc. a hard time and is run ragging it with no end in sight.
Facebook has been copying Snapchat functionalities blatantly for a while and Microsoft just announced a potential Snapchat killer called Face Swap
The lure of Snapchat is the privacy attached to it. But as they say, nothing is truly private in the internet age. And lo & behold, Apple just made sure of it.
On Monday, the iPhone maker released the beta version of iOS 11 at the Worldwide Developers Conference. And as reports say, this wonder update lets you bypass the notification trigger when you screenshot someone’s photo or video.
Apple stands a chance to go to war with app developers with these new tweaks, as the new software also eliminates saving your sign-ins to Facebook and Twitter.
And with the newly listed Snap Inc, Apple’s update violates Snapchat’s terms of service.
