Major Movers on May 7; FSLR, FOSL, MELI, RKUS, ARUN, SNTS, EOG, DTV

Shares of First Solar Inc. (NASDAQ: FSLR) fell about 9.25% by afternoon trade. Although the solar panel maker, late last evening, reported that it swung into fiscal first quarter profit and handed revenue which edged past Street’s consensus estimate, investors were disappointed as adjusted earnings fell short of expectation. However, the Company maintained its full-year earnings and revenue guidance which exceeded analysts’ consensus estimate.

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Buffett Bullish on Oil Stocks (BRK.A, NOV, PSX, INTC, COP, JNJ, PG, BK, DTV)

Warren Buffett’s investment company Berkshire Hathaway Inc. (NYSE: BRK.A) added new positions in National Oilwell Varco (NYSE: NOV) and Phillips 66 (NYSE: PSX), suggesting that the billionaire investor is bullish on oil companies.

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DirecTV Q1 Profit Rises (DTV)

DirecTV (NASDAQ: DTV), a provider of digital television entertainment in the U.S. and Latin America, reported an increase in its first-quarter profit and revenue. However, shares of the El Segundo, California-based company have opened lower in early trading as it added fewer-than-expected subscribers in the first quarter.

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