July 19-23: Dow, NASDAQ, Solar Surge

Major indexes gain 3-5%

Investors were relieved European banks mostly passed government stress tests so they switched their focus back the underlying strength of U.S. corporate earnings, according to yesterday's weekly stock summary by MarketWatch.

All of the three major market indexes showed marked gains for a week that included second quarter earnings from a slew of big-name companies. The latest boost came from General Electric (GE 15.71, +0.50, +3.29%) raising its quarterly dividend by 20%.

"The stress tests ended up not to be so stressful after all," said Burt White, chief investment officer at LPL Financial in the MarketWatch summary. "At the end of the day, the market is viewing this as sort of a mile marker to get behind us."

The Dow finished Friday at 10425, up nearly 326 points from last week for an upbeat 3.235% gain. NASDAQ did even better finishing at 2269, over a 90-point boost or 4.149%. The 20 Solar Stocks Index (20SSI) beat the Street to end Friday at 378, a 22-point surge or 6.084%.

Eighteen in the 20SSI were up for the week with SolarFun, MEMC and Akeena Solar leading the way. Only Entech Solar and SunPower were off for the week

20 Solar Stocks Index Week of July 19-23, 2010

	Monday Open	Friday Close	Up/Down	% Change	Close 1/5/09*	Close 3/6/09**
Dow Jones DJIA	10097.90	10424.62	+326.72	+3.235%	8952.89	6626.95
NASDAQ	2179.05	2269.47	+90.42	+4.149	1628.03	1293.85
Akeena Solar AKNS	.74	.83	+.09	+12.16	2.28	.61
Amtel Systems ASYS	9.27	10.32	+1.05	+11.32	4.00	2.73
Applied Materials AMAT	12.19	12.51	+.32	+2.625	10.67	8.70
Canadian Solar CSIQ	12.62	13.74	+1.12	+8.874	7.00	3.0601
ECD (UniSolar) ENER	4.45	5.00	+.55	+12.36	29.33	17.45
Entech Solar ENSL.OB	.13	.12	-.01	-8.333	.28	.23
Evergreen Solar ESLR	.6846	.698	+.0134	+1.957	3.60	1.03
First Solar FSLR	128.92	139.99	+11.07	+8.586	157.80	108.49
GT Solar Int. SOLR	5.95	6.71	+.76	+12.77	4.00	4.02
JA Solar JASO	6.15	6.35	+.20	+3.252	5.09	1.91
Kyocera KYO	82.65	85.81	+3.16	+3.823	71.87	54.21
LDK Solar LDK	5.92	6.70	+.78	+13.17	14.84	4.40
MEMC Elect. WFR	10.09	11.68	+1.59	+15.76	15.76	13.68
Renesola SOL	7.21	8.01	+.80	+11.09	5.15	2.1201
Satcon SATC	2.72	3.00	+.28	+10.29	1.60	1.23
SolarFun SOLF	8.60	10.15	+1.55	+18.02	6.12	2.30
SunPower SPWRA	13.46	13.45	-.01	-.0743	45.13	23.39
SunTech STP	10.60	11.05	+.45	+4.425	13.55	5.34
Trina Solar TSL	22.26	24.35	+2.09	+9.389	10.09	7.23
Yingli YGE	11.68	12.50	+.82	+7.020	7.25	3.888
20SSI Weekly Cumulative:	Previous 356.29	Current 377.97	Change +21.68/+6.084%	Avg Stock 8.26%***	1/05/09* 415.41	3/06/09** 266.01

* The starting date of the 20 Solar Stock Index (20SSI).
** The Concensus "new" bull market began on Monday, March 9, 2009.
*** Starting 6/11/10: In order to arrive at a truer stock gain/loss percentage, stocks with the highest percentage gain and worst drop are eliminated from the average.
NOTE: All above stocks have market capitalization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval of any stock listed. Comments are always welcome.