📈 SigmaTrader Blog

Is First Solar ( $FSLR ) a Good Stock to Buy on the Dip? The recent election news has impacted the stock market in interesting ways, particularly in the energy sector. Following Trump’s election to the White House, oil-related companies saw an immediate rally, while green energy stocks like solar were heavily sold off. This could be due to expectations that Trump’s administration will prioritize oil drilling, boosting revenue projections for oil companies while sidelining green energy initiatives. But there’s an intriguing counterpoint worth considering: Elon Musk. The Elon Musk Factor Elon Musk, a prominent figure in renewable energy, played an influential role during Trump’s campaign. Given Musk’s relationship with the incoming administration, it’s reasonable to expect he’ll have some sway on green energy policies. Trump is known for his reciprocal style—rewarding loyalty and partnership. This dynamic could potentially benefit Tesla, SolarCity, and First Solar as a whole, turning wha...

Since July, oil prices have been on a steady decline, reaching a major support level. But just because it’s at a key level doesn’t mean it won’t break further to the downside. However, if oil reverses and breaks to the upside, we could see a significant rally—and with it, the potential for inflation to rise. The Recession Fears vs. Economic Optimism On one hand, many people are concerned about the possibility of the U.S. entering a recession, which could drag oil prices even lower. If the economy slows down, demand for oil will drop, likely pushing prices down further. On the other hand, there's 0.5% interest rate cut that could prevent a recession, especially since U.S. GDP has been in good shape based on the latest data. Another positive factor to consider is China’s recent economic stimulus. As the world’s second-largest economy, China’s stimulus could boost demand for commodities, potentially dragging the global market, including oil, upward. The stimulus has already influenced...