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Wednesday, July 30, 2008

Earnings 7-30 4pm - Visa ( V ) First Solar ( FSLR ) Akamai ( AKAM )

After a great night last night from BWLD, Garmin came in with some very bad news this morning on their Nuvifone delay.

Tonight we have a number of companies due to report earnings

Visa (V) - Analysts are expecting Visa to earn .48 cents per share. This stock has really run up going into earnings but I expect a good report. How the stock reacts is a totally different story. Last quarter Visa was down big after the earnings release...opened the next day at $71....ran the whole day and closed near $78. They earned .52 cents last quarter.

First Solar (FSLR) - Analysts are expecting First Solar to earn .58 cents a share. FSLR is trading at a very high p/e ratio so any miss or guidance miss would be a huge disappointment and you would see FSLR really go down. If they come out and beat, and then raise...you could see First Solar really break out.

Akamai ( AKAM ) - I really like this company....Akamai basically powers the internet with their technology. Most of the Video that runs on the Internet is powered by Akamai.

That website shows you the traffic through Akamai system....it has basically doubled from a year ago. Earnings Guidance will be key tonight...so watch AKAM