The stock market started off the week on a weak note, as worries over the looming “Brexit” vote and weak Chinese data helped spur the markets lower. The S&P 500 fell 0.8% Monday, while the Dow Jones Industrial Average suffered a 0.7% decline.
Here’s why, and what to look for:
Twitter Inc (TWTR)
TWTR shares should start a couple percent higher on Tuesday after a strong Monday that saw the stock head about 4% higher. The impetus wasn’t anything Twitter-specific.
Instead, Twitter was up and continues to be up on sympathy following the Microsoft Corporation (NASDAQ:MSFT) buyout of LinkedIn Corp (NYSE:LNKD), which saw the latter gobbled up at a roughly 50% premium. The deal has renewed buyout speculation (or at least outright hope) for struggling Twitter, which is off roughly 40% for the year-to-date.
Twitter shares still remain mired under their 50-day moving average, which they’ve traded below since it failed as support in late April after the company’s Q1 2016 earnings report. That involved a weak quarter that saw revenues miss and monthly users barely budge higher to 310 million.
TWTR is up 2% in Tuesday’s premarket trade.
Yingli Green Energy Holding Co Ltd (ADR) (YGE)
YGE shares were up more than 20% before Tuesday’s bell amid a street-beating quarter that also saw photovoltaic shipments improve quarter-over-quarter.
Yingli Green recorded a top line of $364.6 million, handily topping expectations for $353.98 million. That fed down to a surprise profit of 60 cents per share, as Wall Street expected a 52-cent loss on the quarter.
PV shipments ticked up from 504.5 megawatts last quarter to 508.1 MW in the most recent quarter, and it’s expecting shipments of 580 to 620 MW for Q2.
This morning’s move, should it hold, would take YGE shares to around $5.20 — their highest level since December 2015.
Vivint Solar Inc (VSLR)
VSLR shares received a boost yesterday as the company announced that it is looking for financing partners.
The solar energy provider is seeking $300 million as it looks to enhance its operations, and meet its plan to install 260 MW of rooftop solar systems in 2016. The funds will help Vivint recycle capital and grow.
The company has been hampered since its attempted merger with Sunedison Inc (OTCMKTS:SUNEQ) fell through. For all of 2016, VSLR is off nearly 70%.
Vivint might be able to recoup a little of that, though, with shares up 3% in Tuesday’s premarket trade.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.