SolarEdge (SEDG)
will report post-market quarterly figures next Monday. I will take a long position in the stock today and make a pre-earning bet. With “RUN” behind them, not much should go wrong, especially since Enphase (ENPH) and First Solar (FSLR) had also been positively convincing when presenting the quarterly results.
First Solar entered rally mode after the numbers were announced on Oct. 27 and has since risen 20%. However, First Solar’s buying pressure did not arise on Earning Day itself, but in the days after. This is now clearly accumulating over the trading volume and it looks as if the increase at First Solar (FSLR) is sustainable.
Indirect bet on weakening labour market
In the e-learning industry, no stock underperformed the S&P 500 yesterday. The share of Strategie Education (STRA) rose the most, rising by 8% in the run-up to the quarterly results published yesterday after the stock exchange. In the after-market period, there was no movement in share prices at both Strategy Education (STRA) and Adtalem Global Education (ATGE).