Solar stocks had another blowout week led by LDK Solar’s (LDK) 25% gain.
Solar stocks just capped a fantastic week with every solar stock except one (WFR) clocking a double digit gain.
Citigroup (C) may cut up to a fifth of its 450 branches in India. Moreover, Citigroup may move some of itâ€™s ATM branches to less expensive locations.
Just like the overall market, Indian ADRâ€™s have struggled since 2008 rolled in.
There is no good way to put this but Solar Stocks have been beaten down pretty bad since 2008 rolled in.
Kaydon Corp. (NYSE: KDN) handily beat its earnings estimate when the company released its 4Q numbers on February 21st. Earnings per share (EPS) came in at 70 cents per share beating analysts estimates of 59 cents.
What can you say about a sector when the worst performing solar stock clocks a gain of 50% in 2007.
The chart below tells us more than the performance of the US listed Indian stocks in 2007. What it tells us is just how strong the Indian economy is and the rise of the Indian consumer.