Short trading week good all around
After climbing as high to 10956.30, the DJIA ended trading yesterday at 10927.07, up 70.44 since Friday--a .7% gain. The NASDAQ made a miniscule gain of 7.45 points for the week to end at 2402.58, up .3%. The 20 Solar Stocks Index gained 14.06 to finish at 398.65, a 3.65% hop since Friday. All major markets were closed today for Good Friday.
According to MarketWatch, investors were cheered by a drop in jobless claims and an optimistic national manufacturing survey by the Institute of Supply Management. One key analyst with Morgan Stanley Smith Barney said the export side of manufacturing is the strongest since the '80s.
Solar winners were Canadian Solar, SolarFun, and Renesola which also saw remarkable gains last week. The average solar stock in the 20SSI gained just over 2%.
(Stocks are monitored with the use of MarketBrowser, a great trading tool available to anyone at www.MarketBrowser.com.)
20 Solar Stocks Index Week of March 29-April 1, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 10850.36 | 10927.07 | +76.71 | +.7069% | 8952.89 | 6626.95 |
| NASDAQ | 2395.13 | 2402.58 | +7.45 | +.3110 | 1628.03 | 1293.85 |
| Akeena Solar AKNS | 1.04 | 1.06 | +.02 | +1.923 | 2.28 | .61 |
| Amtel Systems ASYS | 9.80 | 9.79 | _.01 | -.1021 | 4.00 | 2.73 |
| Applied Materials AMAT | 13.21 | 13.35 | +.14 | +1.059 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 22.03 | 24.06 | +2.03 | +9.214 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 7.24 | 7.68 | +.44 | +6.077 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .1550 | .1530 | -1.307 | -9.032 | .28 | .23 |
| Evergreen Solar ESLR | 1.21 | 1.13 | -.08 | -7.079 | 3.60 | 1.03 |
| First Solar FSLR | 116.50 | 121.30 | +4.80 | +4.120 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 5.37 | 5.21 | -.16 | -3.071 | 4.00 | 4.02 |
| JA Solar JASO | 5.01 | 5.62 | +.62 | +12.17 | 5.09 | 1.91 |
| Kyocera KYO | 98.00 | 100.88 | +2.88 | +2.938 | 71.87 | 54.21 |
| LDK Solar LDK | 7.01 | 6.55 | -.46 | -7.023 | 14.84 | 4.40 |
| MEMC Elect. WFR | 14.68 | 15.19 | +.51 | +3.474 | 15.76 | 13.68 |
| Renesola SOL | 5.61 | 6.11/TD> | +.50 | +8.912 | 5.15 | 2.1201 |
| Satcon SATC | 2.36 | 2.40 | +.04 | +1.694 | 1.60 | 1.23 |
| SolarFun SOLF | 6.96 | 7.73 | +.77 | +9.952 | 6.12 | 2.30 |
| SunPower SPWRA | 18.22 | 19.01 | +.79 | +4.335 | 45.13 | 23.39 |
| SunTech STP | 14.13 | 14.20 | +.07 | +.4953 | 13.55 | 5.34 |
| Trina Solar TSL | 23.50 | 24.47 | +.97 | +4.127 | 10.09 | 7.23 |
| Yingli YGE | 12.55 | 12.76 | +.21 | +1.673 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 384.59 | Current 398.65 | Change +14.06/+3.65% | Avg Stock +2.29% | 1/05/09* 415.41 | 3/06/09** 266.01 |
** The Concensus "new" bull market began on Monday, March 9, 2009.
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 and suggestions are always welcome.
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