CNBC's Jim Cramer publicly flagged First Solar as undervalued, stating the stock has been overlooked and calling it too cheap at its current price. The comment adds retail and media attention to a solar manufacturer that has faced volatile sentiment tied to shifting U.S. energy policy and tariff exposure on competing Chinese panels. First Solar, the largest U.S.-headquartered utility-scale solar panel manufacturer, benefits from domestic content provisions under the Inflation Reduction Act, which has historically supported its competitive positioning against foreign rivals. Cramer's remarks do not change First Solar's fundamentals but can move short-term retail order flow, and the stock's valuation gap relative to peers may attract renewed institutional scrutiny. Investors will watch whether the call catalyzes a re-rating or fades without earnings or policy catalysts to sustain momentum.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.