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May 25, 2012
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| 12:57 EDT |  | TSL |
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May 24, 2012
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| 23:50 EDT |  | FSLR |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | According to Jim Cramer, markets appear rigged, and the only losers appear to be the shareholders. Cramer questions....Was the Facebook (FB) IPO fair? With news that Morgan Stanley (MS) may have alerted some of its biggest customers about slowing growth at the company, it appears not. Were investors at J.P. Morgan Chase (JPM) misled by CEO Jamie Dimon, who repeatedly said things were going great even though the company was in the process of losing $5B? It appears so, Cramer says. Cramer said it gets even worse: Both Morgan Stanley and J.P. Morgan will use shareholder money to investigate and defend themselves against any wrongdoing -- and to pay the fines, too. Cramer said companies get away with stunts like this because the system is broken and Washington isn't doing anything to fix it. Cramer said the bad apples on Wall Street must pay for their actions, and that will only happen if the government starts targeting them directly. Next, Cramer wasn't done with suggestions for J.C. Penney (JCP) CEO Ron Johnson on how to revive the ailing retailer. After comparing J.C. Penney's turnaround attempt to that of Pier 1 Imports (PIR) on Monday, Cramer then compared Penney to the turnaround in Chico's FAS (CHS). Chico's reshuffled its merchandise and took the rare step of raising prices in order to attract its core, older customers while shunning a younger demographic. This strategy worked. Chico's reported a 21% pop in yoy revenue with a 9.6% increase in same store sales. Cramer concluded. J.C. Penney needs to stop pandering to Wall Street and get to work on the almost impossible task of a retail turnaround. Investors need to play defense with their portfolios, Cramer told viewers. That means high-quality domestic companies with no exposure to the trials and tribulations of Europe and a juicy dividend yield. B&G Foods (BGS) is one such company. It has the unique talent of being able to reinvigorate brands. In an environment where commodity costs are falling, Cramer said that B&G, with its excellent balance sheet and great gross margins, is in a terrific position to surprise Wall Street. Shares trade at just 15x earnings and the company has a 12% long-term growth rate. SELL BLOCK: Cramer highlighted several stocks that investors need to avoid at all costs. Best Buy (BBY) has a broken business model. First Solar (FSLR) government subsidies are drying up quick. Cramer also put three stocks in the penalty box, saying investors need to wait at least one quarter before pulling the trigger. He said Mako Surgical (MAKO) stumbled in its last quarter, so he needs to see whether bigger problems exist. The same applies to Deckers Outdoor (DECK) where the company's Ugg boots may or may not be making a comeback. Finally, Cramer thinks Fossil (FOSL), which is levered to Europe, is another wait-and-see situation. In a special interview, Cramer sat down with CNBC colleague David Faber to discuss Faber's latest documentary on J. Crew (JCG) CEO Millard Drexler, which debuts Thursday evening. Faber said Drexler, while unknown to many, is one of the greatest retailers of our generation. He said Drexler's work turning around Gap (GPS) would have been noteworthy enough, but Drexler has continued to innovate and succeed in the cut-throat retail world. LIGHTNING ROUND: (Bullish) V; KOG ; EA. (Bearish) GLW; FB; TVIX; GME; C. Reference Link :theflyonthewall.com |
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| 12:42 EDT |  | TSL, FSLR, STP, YGE, SPWR |
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| 12:25 EDT | | WFR |
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| 12:07 EDT | | SPWR |
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| 09:27 EDT | | SPWR, FSLR, TSL, YGE, STP |
| theflyonthewall.com: | Suntech CEO: Europe tariff like U.S. would be "lethal" to industry, Reuters says | | Suntech (STP) CEO Zhengrong Shi told Reuters that if an anti-dumping tariff like the one put in place by the U.S. were to be implemented in Europe, it "would have a lethal impact on China's solar industry." Reference Link :theflyonthewall.com |
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| 09:20 EDT |  | TSL |
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| 09:14 EDT |  | STP |
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| 08:10 EDT | | GTAT |
| theflyonthewall.com: | GT Advanced Technologies reaffirms CY2012 guidance after U.S. tariff decision |
 Subscribe for More Information :theflyonthewall.com |
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| 07:02 EDT | | SPWR |
| theflyonthewall.com: | Total, SunPower commission new solar panel manufacturing plant | | Total and its affiliate SunPower announced the commissioning of a new photovoltaic solar panel manufacturing and assembly plant in the De Vernejoul industrial park in Porcelette, Eastern France. The 3,300-square-meter plant is equipped with a 44 MWp production line and will roll out approximately 150,000 high efficiency solar panels annually. At this facility, SunPower's Maxeon solar cells will be integrated and assembled into SunPower solar panels that will deliver a median efficiency of 20%. These solar panels will service the European residential and commercial rooftop markets. :theflyonthewall.com |
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| 06:24 EDT | | STP, TSL, SPWR, FSLR, YGE |
| theflyonthewall.com: | Uncertainty leads solar firms to advance cautiously, Digitimes reports | | With Europe and India likely to conduct investigations against solar firms similar to those carried out by the U.S., companies in the industry have been expanding cautiously, choosing locations that will help them avoid taxation, according to Digitimes. Reference Link :theflyonthewall.com |
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May 23, 2012
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| 12:37 EDT | | FSLR |
| theflyonthewall.com: | Cree comparison to First Solar not apples to apples, says Piper Jaffray | | Piper Jaffray believes comparisons made between Cree (CREE) and First Solar (FSLR) are not apples to apples and it reiterates an Overweight rating on Cree shares. The firm said Cree is not a low cost supplier like First Solar, but a technology leader in LED lighting. Piper adds that Cree can switch to sapphire without having to scrap its downstream capacity should the technology advance. The Fly notes Cree shares are down 5.6% to $25.66 after Wunderlich this morning called the company the First Solar of LED lighting. :theflyonthewall.com |
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| 12:18 EDT |  | FSLR |
| theflyonthewall.com: | On The Fly: Midday Wrap | | Stocks on Wall Street were lower by about 1.5% at midday, following the lead of markets in Europe and Asia. The weakness is again being attributed to growing concern over Greece and its ability, and possibly willingness, to remain in the euro. The market essentially ignored the better than expected U.S. new home sales data and the home price index report and instead continued the down trend which began a few weeks ago... ECONOMIC EVENTS: In the U.S., new home sales increased 3.3% in the month of April to a 343K annual rate, versus expectations of an increase of 2.1%. The House Price Index showed an increase of 0.5% for the month of March, versus expectations of an increase of 0.3%. In Europe, equities slumped badly and the euro tumbled to its lowest level versus the dollar since August 2010 ahead of an informal summit meeting Wednesday night planned by European leaders. Expectations are that German Chancellor Angela Merkel will hold a hard line against mounting pressure to consider joint eurobonds. In Asia, stocks fell as well, as the World Bank cut its grow forecasts for the Asia-Pacific region, including China, to 7.6% for 2012 compared to 8.2% last year... COMPANY NEWS: Shares of Dell (DELL) plunged $2.66, or 17.64%, to $12.42 after the company reported weaker than expected Q1 results and guided to Q2 revenue below consensus. The company's commentary on the challenging economic backdrop and how consumers have moved toward mobile devices and away from traditional PCs sunk peers as well, including Hewlett-Packard (HPQ), which is due to report after the close... MAJOR MOVERS: Among the notable gainers were PetSmart (PETM), up about 11%, following its "beat and raise" report, and Expedia (EXPE), up nearly 5%, after Piper Jaffray said in a note to investors that it raised it price target on shares, citing impressive growth in the number of people visiting the company's European website last month. Noteworthy losers included Qihoo 360 (QIHU), down almost 8%, following its quarterly report and the appointment of a new co-CFO, and Cree (CREE), down another 6%, as it slid for a second straight day and a Wunderlich analyst drew parallels between Cree and troubled solar energy company First Solar (FSLR)... INDICES: Near noon, the Dow was down 182.43, or 1.46%, to 12,320.38; the Nasdaq was down 42.45, or 1.50%, to 2,796.63; and the S&P 500 was down 19.17, or 1.46%, to 1,297.46. :theflyonthewall.com |
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| 10:38 EDT | | FSLR |
| theflyonthewall.com: | Cree retreats after being called First Solar of LED space | | Shares of LED lighting maker Cree (CREE) are sinking after Wunderlich analyst Theodore O'Neill identified similarities between Cree and troubled solar energy company First Solar (FSLR). The solar energy's stock has tumbled 88% over the last year. In a note entitled, "Is Cree the First Solar of the LED World?," O'Neill notes that both Cree and First Solar have historically relied on raw materials that nobody else uses to make their products. First Solar utilizes cadmium and tellurium, while its competitors use polysilicon. Cree uses silicon carbide and its competitors utilize sapphire. First Solar lost its upper hand when polysilicon got cheap, and now sapphire - the material used by Cree's competitors - is also getting less expensive, O' Neill writes. In mid-morning trading, Cree dropped $1.23, or 4.53%, to $25.97. :theflyonthewall.com |
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| 10:27 EDT | | AMAT |
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| 09:00 EDT |  | TSL |
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| 08:37 EDT | | WFR |
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| 08:28 EDT | | FSLR |
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| 07:19 EDT |  | STP |
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| 07:19 EDT | | STP |
| theflyonthewall.com: | Suntech sees FY12 CapEx $120M-$150M | | Capital expenditures will primarily be related to payments for equipment and services already received, and technology upgrades to production lines. :theflyonthewall.com |
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| 07:18 EDT | | STP |
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| 07:18 EDT | | STP |
| theflyonthewall.com: | Suntech reports Q1 EPS (74c), consensus (50c) | | Reports Q1 revenue $409.5M, consensus $406.02M :theflyonthewall.com |
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| 06:30 EDT | | TSL |
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| 06:29 EDT | | TSL |
| theflyonthewall.com: | Trina Solar reports Q1 ADS (42c), consensus (29c) | | Reports Q1 revenue $349.9M, consensus $398.54M :theflyonthewall.com |
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| 06:16 EDT | | AMAT |
| theflyonthewall.com: | U.S. Semi Production Equipment sector upgraded at Goldman | | Goldman upgraded the U.S. Semi Production Equipment sector to Neutral from Cautious based on valuation. As part of the sector change, the firm upgraded Teradyne (TER) to Buy from Neutral and Applied Materials (AMAT) to Neutral from Sell. :theflyonthewall.com |
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| 06:14 EDT | | AMAT |
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May 22, 2012
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| 06:36 EDT | | TSL, YGE, STP, SPWR, FSLR |
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May 21, 2012
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| 09:32 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials 2013 risk/reward compelling, says Oppenheimer | | Oppenheimer believes that Applied Materials' stock is too cheap, and the firm notes that the company's tools are essential for many tech products, including web pages. The firm maintains an Outperform rating. :theflyonthewall.com |
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| 07:57 EDT | | STP, YGE, TSL, FSLR, SPWR |
| theflyonthewall.com: | Taiwanese solar cell prices seen rising after tariff ruling, DigiTimes says | | After the U.S. government announced high preliminary anti-dumping duties on China-made solar cells, Taiwan-based solar cell makers plan to increase quotes due to expected order increases from Chinese peers, according to DigiTimes, citing industry sources. Reference Link :theflyonthewall.com |
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May 18, 2012
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| 12:33 EDT | | AMAT |
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| 08:00 EDT | | GTAT |
| theflyonthewall.com: | GT Advanced Technologies target lowered to $10 from $14 at Stifel Nicolaus | | Stifel Nicolaus reduced its target on GT Advanced after the company reported weaker than expected results for its March quarter. The firm thinks that the company's valuation is attractive, however, and it maintains a Buy rating. :theflyonthewall.com |
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| 07:58 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials target lowered to $13 from $16 at Stifel Nicolaus | | After Applied Materials reported stronger than expected Q2 results, Stifel Nicolaus is nevertheless disappointed by the company's guidance. The firm maintains a Buy rating based on valuation. :theflyonthewall.com |
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| 07:57 EDT | | AMAT |
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| 07:21 EDT | | STP, FSLR, SPWR, YGE, TSL |
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| 06:13 EDT | | SPWR, FSLR, YGE, TSL, STP |
| theflyonthewall.com: | On the Fly: Periodicals Wrap-Up | | WALL STREET JOURNAL: Alexis Tsipras, head of Greece's radical left party known as Syriza, says he sees little chance Europe will cut off funding to the country but that if it does, Athens will stop paying its debts, the Wall Street Journal reports...Bad debts held by Spanish banks jumped to a 17-year high in March, according to the country's central bank, as 8.37% of the loans held by banks, or EUR147.97B, were over three months overdue for repayment in March, the Wall Street Journal reports...REUTERS: Market turmoil over the euro zone crisis could last another 12-24 months, says German Finance Minister Schaeuble, adding that it was up to the Greeks to decide if they wanted to stay in the single currency, Reuters reports...BLOOMBERG: Federal policy makers may prefer another round of Operation Twist to an outright asset-purchase program should the economy show further signs of weakness or if risks increase, Bloomberg reports...The U.S. yesterday imposed tariffs of as much as 250% on Chinese-made solar cells to aid domestic manufacturers, but critics say the decision may end up raising prices and hurting the U.S. renewable energy industry, Bloomberg reports...Chinese auto dealerships, including Honda (HMC), Chery, BYD and Geely, are struggling with the rising number of unsold cars that’s threatening to deepen price cuts, according to the state-backed China Automobile Dealers Association, Bloomberg reports. :theflyonthewall.com |
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May 17, 2012
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| 17:46 EDT | | GTAT |
| theflyonthewall.com: | GT Advanced Technologies receives two orders totaling $8M | | GT Advanced Technologies announced that it has received two orders totaling $8M from Taiwan-based wafer manufacturer UTECH Solar. One order is for its new DSS 450 MonoCast silicon growth technology and the other order is for additional GT DSS450HP casting furnaces. UTECH will upgrade a portion of their current GT DSS450 casting furnaces to begin producing MonoCast wafers, which will strengthen its competitive position as a wafer supplier to meet the expected demand for higher efficiency solar cells. In addition, UTECH is also increasing its total wafer production capacity with additional GT DSS450HP multicrystalline casting furnaces to meet the demand from its key customers. :theflyonthewall.com |
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| 17:21 EDT | | TSL |
| theflyonthewall.com: | Trina Solar statement on preliminary determination of antidumping duty in U.S. | | Trina Solar Limited offered the following statement regarding the preliminary determination of antidumping duties by the U.S. Department of Commerce: On May 17, a preliminary determination was announced by the DOC in Washington, DC regarding the exportation of crystalline silicon photovoltaic cells and modules from China. A preliminary antidumping duty rate of 31.14% was calculated to apply to the importation into the United States of Trina Solar's solar cells and modules/panels produced in China. The DOC also preliminarily determined that the AD investigation does not apply to modules manufactured in China that incorporate solar cells produced in a third country. This decision is consistent with DOC's prior preliminary determination in the parallel countervailing duty investigation of the same products. The DOC found "critical circumstances" and therefore the AD rate will apply retroactively to imports, beginning approximately 90 days prior to the preliminary determination. Trina Solar continues to actively defend its position in these administrative proceedings. :theflyonthewall.com |
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| 16:45 EDT | | AMAT |
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| 16:42 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials cites continued weakness in display and solar | | :theflyonthewall.com |
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| 16:41 EDT | | AMAT |
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| 16:23 EDT | | SPWR, WFR |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were lower on the day. Stock futures traded around fair value for most of the pre-market trading session, leading to a relatively quiet open for the broader market. The nearly in line jobless claims data had little effect on the market. The averages dropped following worse than expected data on manufacturing from the Philly Fed and an unexpected decline in the leading economic indicators. The averages never really gained any upside momentum as the market’s losing streak continued for another day… ECONOMIC EVENTS: In the U.S., the number of people seeking unemployment benefits was unchanged last week at 370,000, versus expectations for a decline to 365,000. The leading economic indicators declined 0.1%, versus an expected increase of 0.1%. The Philly Fed survey had a reading of -5.8, versus expectations for a reading of +10.0. In Europe, worries about the health of Spain's banks resurfaced on a report that customers at Bankia had withdrawn more than EUR1B from their accounts in the past week. Meanwhile, Fitch ratings agency downgraded Greece deeper into junk territory... COMPANY NEWS: Wal-Mart (WMT) surged 4.21% higher after its earnings and revenue beat expectations and its forecast for next quarter was about in line with consensus at the mid-point... MAJOR MOVERS: Among the notable gainers were Ctrip.com International (CTRP), up $1.26, or 6.41%, to $20.91, after it posted a sharp rise in its Q1 revenue, and SunPower (SPWR), up 51c, or 10.04%, to $5.59, as Apple (AAPL) got approval for a major solar project in North Carolina and the U.S. set duties on Chinese solar imports... Noteworthy losers included Advance Auto Parts (AAP), down $13.93, or 16.97%, to $68.17, after its earnings missed estimates and the company said it sees 2012 same store sales growth in the low single digits, and MEMC Electronic Materials (WFR), down 47c, or 22.07%, to $1.66, following the resignation of its Chief Financial Officer... INDICES: The Dow lost $156.06, or 1.24%, to $12,442.49; the Nasdaq fell $60.35, or 2.10%, to $2,813.69; and the S&P 500 dropped $19.94, or 1.51%, to $1,304.86. :theflyonthewall.com |
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| 16:21 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials reports Q2 gross margin 42.1% | | :theflyonthewall.com |
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| 16:18 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials: Q2 new orders were $2.77B | | :theflyonthewall.com |
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| 16:14 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials CEO says global demand for mobile products drove quarter | | :theflyonthewall.com |
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| 16:13 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials sees FY12 EPS at the high end of 85c-95c, consensus 94c | | :theflyonthewall.com |
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| 16:12 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials sees FY12 net sales at high end of $9.1B-$9.5B | | Consensus is $9.49B. :theflyonthewall.com |
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| 16:10 EDT | | AMAT |
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| 16:10 EDT | | AMAT |
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| 16:08 EDT | | AMAT |
| theflyonthewall.com: | Applied Materials reports Q2 adjusted EPS 27c, consensus 24c | | Reports revenue $2.54B, consensus $2.4B. :theflyonthewall.com |
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| 15:55 EDT | | YGE |
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| 15:46 EDT | | STP |
| theflyonthewall.com: | Suntech says duties do not reflect reality of highly-competitive solar industry |
Subscribe for More Information :theflyonthewall.com |
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| 15:12 EDT | | YGE, TSL, STP, FSLR, SPWR |
| theflyonthewall.com: | U.S. issues preliminary ruling on anti-dumping duties for Chinese solar imports | | The Department of Commerce announced its affirmative preliminary determination in the antidumping duty investigation of imports of crystalline silicon photovoltaic cells, whether or not assembled into modules, from the People’s Republic of China. The department preliminarily determined that Chinese producers/exporters sold solar cells in the United States at dumping margins ranging from 31.14% to 249.96%. Suntech (STP) and Trina Solar (TSL) received preliminary dumping margins of 31.22% and 31.14%, respectively. Fifty-nine other exporters qualified for a separate rate of 31.18%. All other Chinese producers/exporters received a preliminary dumping margin of 249.96%, Commerce said. The department said it is currently scheduled to make its final determination in early October. Reference Link :theflyonthewall.com |
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| 14:40 EDT | | AMAT |
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| 14:21 EDT | | SPWR, FSLR |
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| 14:16 EDT | | SPWR, YGE, TSL, FSLR, STP |
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| 13:10 EDT | | SPWR |
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| 13:07 EDT | | SPWR |
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| 12:23 EDT | | WFR |
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| 11:28 EDT |  | AMAT |
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| 11:19 EDT | | AMAT |
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| 08:18 EDT | | STP, TSL, YGE, SPWR, FSLR |
| theflyonthewall.com: | Commerce Dept. decision on Chinese solar panel makers expected today, DJ reports | | The Department of Commerce is expected to issue a decision today on tariffs as part of an investigation into accusations that Chinese solar-panel makers receive unfair government subsidies and then sell their products in the U.S. at prices below production costs, reports Dow Jones. Reference Link :theflyonthewall.com |
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| 06:22 EDT | | SPWR, YGE, FSLR, STP, TSL |
| theflyonthewall.com: | Chinese could commence anti-dumping, subsidy probe on U.S., Digitimes reports |
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May 16, 2012
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| 16:17 EDT | | GTAT |
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| 16:12 EDT | | WFR |
| theflyonthewall.com: | MEMC Electronic announces resignation of CFO Mark Murphy | | MEMC Electronic Materials (WFR) announced that it will transition the Chief Financial Officer role to Brian Wuebbels from the company's current CFO, Mark Murphy. Murphy resigned as MEMC's CFO, effective May 16, to return to Praxair (PX) to become President, Praxair Surface Technologies. Murphy will work with MEMC in a consulting role in the near term to assist in the transition. Wuebbels has been appointed to the position of EVP and CFO succeeding Murphy effective the same date. :theflyonthewall.com |
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| 14:39 EDT | | GTAT |
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| 08:27 EDT | | FSLR |
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| 06:19 EDT | | STP, FSLR, SPWR, TSL, YGE |
| theflyonthewall.com: | Thin-film solar firms expanding into solar PV systems, Digitimes reports | | With thin-film solar products increasingly marginalized due to the falling price of mainstream silicon-based products, associated firms have been increasingly turning to production of PV systems, according to industry sources and reported in Digitimes. Reference Link :theflyonthewall.com |
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May 15, 2012
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| 10:14 EDT |  | AMAT |
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| 08:05 EDT | | TSL |
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| 06:47 EDT | | AMAT |
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| 06:29 EDT | | YGE, FSLR, SPWR, STP, TSL |
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| 06:26 EDT | | YGE, TSL, SPWR, FSLR, STP |
| theflyonthewall.com: | H2 solar revenue growth led by U.S., Asia Pacific pipelines, Digitimes reports |
Subscribe for More Information :theflyonthewall.com |
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| 06:23 EDT | | YGE, STP, SPWR, TSL, FSLR |
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| 06:22 EDT | | STP |
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May 14, 2012
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| 07:06 EDT | | SOL |
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