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From: Eric2/24/2012 8:48:29 AM
1 Recommendation   of 65050
 
China Encourages Solar-Product Makers to Expand Amid Supply Glut

China set targets for increasing production capacity at “key” polysilicon and solar cell makers to boost domestic installations and spur expansion even as prices tumble amid a global supply glut.

China wants each “leading” company to have 50,000 tons a year of polysilicon capacity by 2015 and targets 5 gigawatts for each leading solar-cell maker, according to a five-year plan for the industry posted on the Ministry of Industry and Information Technology website today.

The move will make the manufacturers stronger and more competitive to help meet demand as China pursues a target of 15 gigawatts of solar farms by 2015, Gao Hongling, deputy secretary-general of the China Photovoltaic Industry Alliance, said by phone today. “If the scale isn’t up, there’s never enough financing for the integrated use of byproducts.”

The plan doesn’t say how many companies will be involved and whether the targets mean an overall capacity increase. It’s“difficult” to estimate future growth, Gao said.

The government’s push for expansion comes as prices of solar cells more than halved last year due to global excess capacity. The average spot price for polysilicon has tumbled 59 percent from a year earlier to $29.28 a kilogram, according to Bloomberg New Energy Finance.

“China imported half its polysilicon from overseas companies; this means there’s still room for domestic producers,” Gao said. “The key is whether they have capability to grab a share in the market and to lower costs.” Gao’s organization is a conduit between solar companies and the government.

Idled Factories GCL-Poly Energy Holdings Ltd. (3800), China’s largest polysilicon maker, was 4,000 tons short of the new target last year, with 46,000 tons of capacity. Suntech Power Holdings Co., the world’s biggest solar-panel maker, had annual solar-cell capacity of 2.4 gigawatts as of the end of the third quarter.

The nation has idled about 30 percent of polysilicon production and won’t resume until prices recover, according to Xie Chen, an analyst from the China Nonferrous Metals Industrial Association, a trade group that advises the government.

“Chinese firms shut down not only because prices declined, but also they can’t drag costs lower than the spot price,” she said.

China installed about 2.7 gigawatts of solar farms last year, Gao said. “As planned by the country, the installation will have a steady growth year on year, which will create demand for solar-power products.”

Panel makers Suntech (STP) and Trina Solar Ltd. (TSL) expect about 4 gigawatts of solar panels to be erected in the country this year to absorb some of the industry’s excess inventory.

bloomberg.com 

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To: Return to Sender who wrote (55556)2/24/2012 9:00:50 AM
From: Sam
3 Recommendations   of 65050
 
S&P 500 Gets 9% Cheaper as Profit Restores $3.2 Trillion
By Inyoung Hwang and Lu Wang - Feb 23, 2012 4:39 PM ET
bloomberg.com 

Profits in the Standard & Poor’s 500 Index are rising faster than its price, leaving the gauge 9 percent cheaper than it was in April even after American equities climbed within 0.1 percent of last year’s high.

The S&P 500 rose 0.4 percent to 1,363.46 today following a rally since October that added as much as $3.2 trillion to share values, according to data compiled by Bloomberg. While the index is just shy of its 2011 peak of 1,363.61, expanding income has pushed the price-earnings ratio to 14.1 from 15.4 in April.

Economic growth that has been slower than any post- recession period since at least the 1940s is keeping investors from paying more for earnings even after stocks doubled in three years. The best January for the S&P 500 in 15 years has coincided with a decline in New York Stock Exchange trading volume to the lowest level since 1999 and record deposits with investment-grade bond funds.

“The world is profoundly underinvested in U.S. equities,” Jeffrey Saut, chief investment strategist at Raymond James & Associates in St. Petersburg, Florida, said in a phone interview on Feb. 21. His firm manages $300 billion. “The public is bombarded with all these negatives. Greece this, Portugal that, dysfunctional governments. The retail investor is frozen.”

Topping Estimates Corporate profits have topped analyst estimates for 12 straight quarters. Analysts that cover companies in the S&P 500 project earnings will rise this year to $104.40 a share, the highest level ever, according to data compiled by Bloomberg. That would represent a 70 percent increase in earnings since 2009, compared with the 22 percent rally in the index in the past two years. Earnings for S&P 500 companies from Priceline.com Inc. to MasterCard Inc. and Lorillard Inc. are estimated to jump 9.8 percent from last year.

The S&P 500 has recovered 24 percent since its low on Oct. 3. Its price-earnings ratio of 14.1 matches the average level last year. The valuation has trailed the five-decade average of 16.4 for the longest stretch since the 13-year period beginning in 1973, according to Bloomberg data.

The S&P 500’s valuation shrank as much as 27 percent in 2011 as S&P stripped the U.S. of its AAA credit rating, President Barack Obama and Congress debated deficit cuts and Europe was forced to bail out Greece. The European Central Bank’s three-year lending program for banks and the Federal Reserve’s pledge to keep benchmark interest rates low through at least 2014 have failed to bolster investor confidence enough to boost valuations.

‘Powerful Recovery’ “The powerful recovery in earnings thus far has allowed market averages to rise without pushing the P/E higher,” David Joy, the Boston-based chief market strategist at Ameriprise Financial Inc., said in a Feb. 21 e-mail. His firm oversees $600 billion. “Many investors are either not convinced that this price rally and earnings recovery are for real, or they simply do not care, having been burned too badly in the downturn.”

U.S. gross domestic product expanded an average 2.4 percent a quarter in the 2 1/2 years since the recession ended in 2009, data compiled by Bloomberg show. The world’s largest economy hasn’t had a smaller post-recession recovery rate since at least the 1940s, the data show. In the 2003 bull market, GDP rose 2.7 percent on average, before the S&P 500 surged 102 percent. For the 1982 rally, the rate was 5.7 percent. Equities more than tripled in that cycle.

Biggest Swings Stocks saw unprecedented swings last year as global economic concerns overshadowed S&P 500 fundamentals. The index moved an average 1.3 percent each day from April 2011 through the end of the year, compared with the 50-year average of 0.6 before the September 2008 collapse of Lehman Brothers Holdings Inc., according to data compiled by Bloomberg. The Dow Jones Industrial Average (INDU) alternated between losses and gains of 400 points on four days in August, the longest streak on record.

The swings took a toll on professional and retail investors. A total of 21 percent of 525 global fund categories tracked by Morningstar Inc. topped their benchmark indexes last year, the fewest since at least 1999. A Hedge Fund Research Inc. index (HFRIFWI) of industry performance fell 5.2 percent in 2011, only the third annual loss since 1990 and the biggest decline since 2008, when it plunged 19 percent, according to the Chicago-based firm.

Trading by individuals has been slowing since the 2008 financial crisis. Daily average volume slipped 9 percent last quarter compared with a year ago, according to data from E*Trade (ETFC) Financial Corp., TD Ameritrade Holding Corp. and Charles Schwab Corp. At E*Trade (ETFC), daily trading volume is 35 percent lower than it was at the end of 2008. Revenue-generating trades are down 14 percent in the same period at Schwab.

‘Hard to Jump In’ “When you have a market that has done so well so fast, it’s really hard to jump in,” Brian Culpepper, a portfolio manager at James Investment Research Inc. in Xenia, Ohio, which oversees $3.2 billion, said in a telephone interview on Feb. 21. “Everybody is pretty skittish right now on this overall rally. There is by far a better chance for the market to head down than there is for heading up here.”

Trading (MVOLUSE) at the New York Stock Exchange declined to the lowest level since 1999 last month, with the average volume over the 50 days ending Jan. 25 slowing to 838.4 million shares, according to data compiled by Bloomberg. The value of stock changing hands dropped to $24.9 billion, a 50-day average not seen since at least 2005.

Record-low interest rates have failed to keep investors from putting money in bonds. The S&P 500’s earnings yield is at 7.1 percent, close to the highest on record when compared with the 10-year Treasury (USGG10YR) rate, according to data compiled by Bloomberg since 1962. U.S. investment-grade bond mutual funds saw a record $3.3 billion in inflows during the week ended Feb. 15, while American equity funds had outflows of $1.9 billion, according to data by EPFR Global and Bank of America Corp.

Unduly Punished Companies with business focused in the U.S., such as hospital operator Community Health Systems Inc., have been unduly punished, according to Ed Maran, a portfolio manager at Thornburg Investment Management Inc. in Santa Fe, New Mexico, which oversees $80 billion. Community Health trades at 7 times earnings in the past 12 months, compared with the average of 28.5 since it went public in 2000, according to Bloomberg data.

“The uncertainty at the global level probably should not be reflected so greatly in the prices of these types of companies,” Maran said. “As long as we have a resolution of the European sovereign debt problem that’s orderly, stocks are very cheap relative to other investment alternatives.”

To contact the reporters on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net; Lu Wang in New York at lwang8@bloomberg.net



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From: pcyhuang2/24/2012 10:02:00 AM
   of 65050
 
More on NOK @$5.80







Strategy Analytics: Nokia Becomes World's Largest Microsoft Smartphone Vendor in Q4 2011

8:10 AM ET 2/24/12 | BusinessWire
According to the latest research from Strategy Analytics, global Microsoft smartphone shipments grew 36 percent sequentially to reach 2.7 million units in the fourth quarter of 2011. Nokia captured top position as the world's number one Microsoft smartphone vendor for the first time ever.

Alex Spektor, Associate Director at Strategy Analytics, said, "Global smartphone shipments using the Microsoft operating system grew 36 percent sequentially to reach 2.7 million units in Q4 2011. Microsoft smartphone shipments remain tiny, but they are showing tentative signs of growth. Nokia overtook HTC and others to become the world's largest Microsoft smartphone vendor with 33 percent market share. Nokia's global Microsoft smartphone shipments hit 0.9 million units, as distribution of its Lumia family expanded across numerous countries and operators."

Neil Mawston, Executive Director at Strategy Analytics, added, "An expanded portfolio of Windows Phone 7 models such as the Lumia 800, an increased retail presence and highly visible marketing campaigns across several European and Asian countries drove Nokia's growth. Nokia is by no means out of the woods yet, and it is still on a long road to recovery, but capturing top spot in the Microsoft smartphone ecosystem is an encouraging baby-step forward for the company."

Tom Kang, Director at Strategy Analytics, added, "Nokia's Microsoft smartphone growth during the quarter was achieved partly by capturing market share from HTC. This is a challenging development for HTC because it is also losing ground to Samsung in the Android segment. HTC is now at risk of being caught in a pincer movement between two giants of Samsung in Android and Nokia in Microsoft, and HTC must move with urgency to address the problem."

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To: Sam who wrote (55559)2/24/2012 1:08:29 PM
From: sixty2nds
1 Recommendation   of 65050
 
That caught my eye as well. You might want to check this out. marketwatch.com 

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To: Donald Wennerstrom who wrote (55555)2/24/2012 5:43:48 PM
From: Donald Wennerstrom
1 Recommendation   of 65050
 
This is the weekly look at the Group stocks in terms of precent change.

A lot of red this week with the Group down 3.5 percent over the 4 trading days. Only FSII was in the black with a small 1 percent gain.


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From: Gottfried2/24/2012 5:55:59 PM
1 Recommendation   of 65050
 
bpNDX stays 79%

Feb10 Feb13 Feb14 Feb15 Feb16 Feb17 Feb21 Feb22 Feb23 Feb24
AAPL
ADBE AAPL AAPL AAPL
ADP AAPL AAPL AAPL ADBE ADBE ADBE AAPL AAPL AAPL
ADSK ADBE ADBE ADBE ADP ADP ADP ADBE ADBE ADBE
AKAM ADP ADP ADP ADSK ADSK ADSK ADP ADP ADP
ALTR ADSK ADSK ADSK AKAM AKAM AKAM ADSK ADSK ADSK
ALXN AKAM AKAM AKAM ALTR ALTR ALTR AKAM AKAM AKAM
AMAT ALTR ALTR ALTR ALXN ALXN ALXN ALTR ALTR ALTR
AMGN ALXN ALXN ALXN AMAT AMAT AMAT ALXN ALXN ALXN
ATVI AMAT AMAT AMAT AMGN AMGN AMGN AMAT AMAT AMAT
BIDU AMGN AMGN AMGN ATVI ATVI ATVI AMGN AMGN AMGN
BIIB ATVI ATVI ATVI BIDU BIDU BIDU ATVI ATVI ATVI
BMC BIDU BIDU BIDU BIIB BIIB BIIB AVGO AVGO AVGO
CA BIIB BIIB BIIB BMC BMC BMC BIDU BIDU BIDU
CELG BMC BMC BMC CA CA CA BIIB BIIB BIIB
CERN CA CA CA CELG CELG CELG BMC BMC BMC
CHKP CELG CELG CELG CERN CERN CERN CA CA CA
CMCSA CERN CERN CERN CHKP CHKP CHKP CELG CELG CELG
CSCO CHKP CHKP CHKP CMCSA CMCSA CMCSA CERN CERN CERN
CTRP CMCSA CMCSA CMCSA CSCO CSCO CSCO CHKP CHKP CHKP
CTSH CSCO CSCO CSCO CTRP CTRP CTRP CMCSA CMCSA CMCSA
CTXS CTRP CTRP CTRP CTSH CTSH CTSH CSCO CSCO CSCO
DELL CTSH CTSH CTSH CTXS CTXS CTXS CTRP CTRP CTRP
DLTR CTXS CTXS CTXS DELL DELL DELL CTSH CTSH CTSH
EBAY DELL DELL DELL DLTR DLTR DLTR CTXS CTXS CTXS
ESRX DLTR DLTR DLTR EBAY EBAY EBAY DELL DELL DELL
EXPD EBAY EBAY EBAY ESRX ESRX ESRX DLTR DLTR DLTR
EXPE ESRX ESRX ESRX EXPD EXPD EXPD EBAY EBAY EBAY
FAST EXPD EXPD EXPD EXPE EXPE EXPE ESRX ESRX ESRX
FFIV EXPE EXPE EXPE FAST FAST FAST EXPD EXPD EXPD
FISV FAST FAST FAST FFIV FFIV FFIV EXPE EXPE EXPE
FLEX FFIV FFIV FFIV FISV FISV FISV FAST FAST FAST
FOSL FISV FISV FISV FLEX FLEX FLEX FFIV FFIV FFIV
FSLR FLEX FLEX FLEX FOSL FOSL FOSL FISV FISV FISV
GILD FOSL FOSL FOSL GILD GILD GILD FLEX FLEX FLEX
GMCR GILD GILD GILD GMCR GMCR GMCR FOSL FOSL FOSL
GOLD GMCR GMCR GMCR GOLD GOLD GOLD GILD GILD GILD
GRMN GOLD GOLD GOLD GRMN GRMN GRMN GMCR GMCR GMCR
HSIC GRMN GRMN GRMN HSIC HSIC HSIC GOLD GOLD GOLD
INFY HSIC HSIC HSIC INFY INFY INFY GRMN GRMN GRMN
INTC INFY INFY INFY INTC INTC INTC HSIC HSIC HSIC
INTU INTC INTC INTC INTU INTU INTU INFY INFY INFY
ISRG INTU INTU INTU ISRG ISRG ISRG INTC INTC INTC
KLAC ISRG ISRG ISRG KLAC KLAC KLAC INTU INTU INTU
LIFE KLAC KLAC KLAC LIFE LIFE LIFE ISRG ISRG ISRG
LINTA LIFE LIFE LIFE LINTA LINTA LINTA KLAC KLAC KLAC
LLTC LINTA LINTA LINTA LLTC LLTC LLTC LIFE LIFE LIFE
LRCX LLTC LLTC LLTC LRCX LRCX LRCX LINTA LINTA LINTA
MAT LRCX LRCX LRCX MAT MAT MAT LLTC LLTC LLTC
MCHP MAT MAT MAT MCHP MCHP MCHP LRCX LRCX LRCX
MNST MCHP MCHP MCHP MNST MNST MNST MAT MAT MAT
MRVL MNST MNST MNST MRVL MRVL MRVL MCHP MCHP MCHP
MSFT MRVL MRVL MRVL MSFT MSFT MSFT MNST MNST MNST
MU MSFT MSFT MSFT MU MU MU MRVL MRVL MRVL
MYL MU MU MU MXIM MXIM MXIM MSFT MSFT MSFT
NFLX MYL MYL MYL MYL MYL MYL MU MU MU
NTAP NFLX NFLX NFLX NFLX NFLX NFLX MXIM MXIM MXIM
NUAN NTAP NTAP NTAP NTAP NTAP NTAP MYL MYL MYL
NVDA NUAN NUAN NUAN NUAN NUAN NUAN NTAP NTAP NTAP
NWSA NVDA NVDA NVDA NVDA NVDA NVDA NUAN NUAN NUAN
ORLY NWSA NWSA NWSA NWSA NWSA NWSA NVDA NVDA NVDA
PAYX ORLY ORLY ORLY ORLY ORLY ORLY NWSA NWSA NWSA
PCAR PAYX PAYX PAYX PAYX PAYX PAYX ORLY ORLY ORLY
PCLN PCAR PCAR PCAR PCAR PCAR PCAR PAYX PAYX PAYX
QCOM PCLN PCLN PCLN PCLN PCLN PCLN PCAR PCAR PCAR
ROST QCOM QCOM QCOM QCOM QCOM QCOM PCLN PCLN PCLN
SBUX ROST ROST ROST ROST ROST ROST QCOM QCOM QCOM
SHLD SBUX SBUX SBUX SBUX SBUX SBUX ROST ROST ROST
SIAL SHLD SHLD SHLD SHLD SHLD SHLD SBUX SBUX SBUX
SPLS SIAL SIAL SIAL SIAL SIAL SIAL SHLD SHLD SHLD
SRCL SPLS SPLS SPLS SPLS SPLS SPLS SIAL SIAL SIAL
STX SRCL SRCL SRCL SRCL SRCL SRCL SPLS SPLS SPLS
TEVA STX STX STX STX STX STX SRCL SRCL SRCL
VOD TEVA TEVA TEVA TEVA TEVA TEVA STX STX STX
VRSN VOD VOD VOD VOD VOD VOD TEVA TEVA TEVA
WCRX VRSN VRSN VRSN VRSN VRSN VRSN VOD VOD VOD
WFM WCRX WCRX WCRX WCRX WCRX WCRX VRSN VRSN VRSN
WYNN WFM WFM WFM WFM WFM WFM WCRX WCRX WCRX
XLNX XLNX XLNX XLNX XLNX XLNX XLNX WFM WFM WFM
XRAY XRAY XRAY XRAY XRAY XRAY XRAY XLNX XLNX XLNX
YHOO YHOO YHOO YHOO YHOO YHOO YHOO XRAY XRAY XRAY

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To: Donald Wennerstrom who wrote (55562)2/24/2012 5:57:57 PM
From: Donald Wennerstrom
1 Recommendation   of 65050
 
This is a longer 6 week look at the Group stocks in terms of percent change.

While the trend over this period has generally been to the upside, the week in the left most column has had a very big impact on the overall 6 week results. During this week of 1/20, the Group was up 7.5 percent and the SOX was up 8 percent. I added a little color coding to the chart to show those stocks with huge gains during that week, who lost ground over the next 5 weeks. Even the Group total went from a 7.5 percent gain the week of 1/20 to finish the integrated 6 weeks up only 5.6 percent.


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To: Gottfried who wrote (55563)2/24/2012 5:58:26 PM
From: Gottfried
2 Recommendations   of 65050
 
12 new 52 week NDX highs
		
02/24/2012
Open High Low Close Volume
CMCSA 29.92 29.92 29.05 29.19 16129503
EBAY 35.99 36.52 35.82 36.36 9336638
FAST 52.1 52.25 51.92 51.97 1383313
FFIV 129.98 130.27 126.96 127.48 983935
FISV 66 67 65.71 66.87 1068593
MNST 54.34 56.96 53.25 56.38 2764418
NWSA 19.65 19.84 19.47 19.56 13782338
ORLY 86.33 86.72 85.39 85.67 1125877
PCLN 590.17 595.84 589.77 590.41 943970
QCOM 63.8 63.81 63.37 63.44 7882242
STX 27.29 27.78 27.25 27.49 9956689
VRSN 38 38.5 37.46 37.64 1658657

NO new 52 week NDX low

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To: Donald Wennerstrom who wrote (55564)2/24/2012 6:08:58 PM
From: Donald Wennerstrom
1 Recommendation   of 65050
 
This is the weekly update of the 13 week rolling quarter for the Group stocks in terms of percent change.

This is quite a picture. Only WFR, while positive, kept the whole chart from being a dark green. Looking at some chart detail, the weeks of 12/2 and 1/20 had a very big impact on this very positive period in time. For the week of 12/2, 15 of the 18 stocks had gains of over 10 percent and many very much over 10 percent. FSII led with 35.1 percent gain. The Group was up 14.1 percent. Needless to say, when the week of 12/2 is removed from the picture next week, big changes will occur with the picture.


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To: Donald Wennerstrom who wrote (55566)2/24/2012 6:13:47 PM
From: Donald Wennerstrom
2 Recommendations   of 65050
 
This is the weekly look at the SOXM stocks in terms of percent change.

At the bottom line, this shows the divergence of the semi performance compared to the 3 major indices.


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