Markets are having another Oil blues......
AIG is also affecting markets.....AIG had lousy ER.....
US$ is in freefall AGAIN......
Expecting some recovery by close...as i still believe that markets are pretty resilient !!!
In my portfolio :
NTES UP 50 cents
RIMM UP $2.29
SOL UP 16 cents
TOL down 30 cents
V down $3.74
@11.48AM the following are green :
NVDA(on multiple upgrades),LDK,IGT,FSLR(Price target increased),
JASO,GS,DUG,SNDA,SINA.....
BLOG does NOT give buy or sell.
Saleem
8 comments:
SALEEM
I came accross this on SOLAR:
uesday's surging oil price rippled throughout various segment's of the economy. Unsurprisingly, big oil companies like Chevron (nyse: CVX - news - people ), Royal Dutch Shell (nyse: RDSA - news - people ), ConocoPhillips (nyse: COP - news - people ), and Petroleo Brasileiro (nyse: PBR - news - people ) gained 1.2%, 0.8%, 2.0%, 2.6%, in late-afternoon trading, respectively. And predictably oil services and equipment companies like Halliburton (nyse: HAL - news - people ), Schlumberger (nyse: SLB - news - people ), Weatherford International (nyse: WFT - news - people ), and Willbros Group (nyse: WG - news - people ) jumped 2.3% 2.3%, 3.1%, and 3.4%, respectively.
The gains though were not limited to the oil industry or rational behavior. Even though oil accounts for 2% of electricity production in this country--a negligible amount--the high-flying solar sector rallied on the back of black-gold's gains.
"It's more psychological than operational as the price of oil has no direct bearing on the price of electricity," said Michael Carboy of Signal Hill Group. "What happens though is rising oil prices are equated to rising energy prices and solar gets a good tailwind as a result."
That leap of reason gave solar stocks an even greater bounce than their oil counterparts as companies like SunPower (nasdaq: SPWR - news - people ), First Solar (nyse: FSLR - news - people ), Evergreen Solar (nasdaq: ESLR - news - people ), Trina Solar (nyse: TSL - news - people ), and Canadian Solar (nasdaq: CSIQ - news - people ), gained 6.1%, 4.0%, 7.8%, 7.1%, and 17.2%, respectively.
If investors can take anything away from the discrepancy, it’s the immaturity of the solar sector. For all the lofty predictions about its future, the stocks are still a beta play on the market
Hi Madmax,
Interesting analysis...
I personally believe that exposure in good solar company is prudent.
Saleem
SALEEM
Did you see SOL
It is up $1.07 ---Is thi shte time to sell
Or do we hold for more of a run up??
thank you my friend
Hi Madmax,
I will hold till ER...ER will be good !!!
Saleem
SALEEM
SOL shows a tripple top breakout
New target of $28 smackers! What ya say
M
Hi Madmax,
$30 is a reasonable target for SOL.
Saleem
Saleem,
Boo.oooo...Yaaahhhh...SOL....
I am still holding TSO for the long term but SOL make me feel so good. I followed your lead and added in 100% on SOL. Thanks.
Michael
Hi Michael,
SOL will do very well wed before open when they release their numbers.....
Then you will say BOYAAH..very LOUD !!!
Saleem
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