Friday, December 25, 2009, 6:53AM ET - U.S. Markets Closed for Christmas.

Fear Takes No Holiday: Apple, Dell, Solar Stocks Swim Upstream

Posted May 23, 2008 12:06pm EDT by Aaron Task in Investing, Biotech and Clean Tech, Computers, Electronics
Related: AAPL, DELL, SOLF, STP, ESLR, CSIQ, ^VIX

So much for a quiet pre-holiday session.

A lot of traders expected Friday to be another "nothing day" like Thursday, with many hoping to get a jump on Memorial Day weekend.

But the stock market was tumbling midday Friday after existing home sales fell for eighth time in nine months and inventories -- which Schwab's Liz Sonders said yesterday are key to housing's fate -- rose to their highest level since June 1985.

Oil's rebound is also weighing on sentiment. Earlier, I discussed the details of the oil trade with Jon Najarian, co-founder of optionMONSTER.com and a CNBC contributor. Here, we discuss how oil's surge is generating renewed fervor for solar stocks such as Solar Fun and Suntech Power.

Najarian and I also discuss the options activity in Apple and Dell, which each received upgrades Friday morning and are, thus far, sidestepping the broad market's slide.

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10 Comments

Raju
Raju - Friday May 23, 2008 12:44PM EDT

As Oil continues its inevitable runup the alternative energy companies will start shining. These solar stocks might make good plays.

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deadstiffcatt
deadstiffcatt - Friday May 23, 2008 12:58PM EDT

This was an article? Must be a slow news day, too.

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Yahoo! Finance User
Yahoo! Finance User - Friday May 23, 2008 01:00PM EDT

Only if the underlying fundamentals are there; such as the sum of all the anticipated future cash flows for a specified time period. Structural changes maybe risky plays at this point in time. Especially if there is a current energy bubble.

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rubenb
rubenb - Friday May 23, 2008 01:25PM EDT

We keep swallowing the supply and demand thing when they (news media) whine about it... so where are the worldly stats? I 've not seen Exxon or any of the other companies come out and tell the press that one of their sites is going dry. This silence as usual stuff just shows me business as usual!

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Mike
Mike - Friday May 23, 2008 02:24PM EDT

As Cramer says, " Go with the best, place your money in First Solar". It doesn't need government subsidies like it's competitors. It's best of breed.!

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Yahoo! Finance User
Yahoo! Finance User - Friday May 23, 2008 02:46PM EDT

what we need is more p.m.a

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edward
edward - Friday May 23, 2008 04:16PM EDT

I LOSS ALL MY APPLE ALSO TH I ROFIT

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Othoniel
Othoniel - Friday May 23, 2008 07:07PM EDT

Dear folks around the world, I just heard on "FEAR TAKES NO HOLIDAY" This involves the following Co. APPLE, DELL, "Stocks Swim Upstream" The comentators were 'Jon Najarian and Aaron Task' and they made emphasis of the new enovations by APPLE this coming fall. Apple closed today at $181.34 this coming fall we may see APPLE beyond $200 a share. Trust me on this one, take a positive risk now, and invest. APPLE should be your number one stock in your investment portfolio. you will not be sorry you will be prasing my words whem the time arrives. I have done well by APPLE you can too.

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Displayname
Displayname - Saturday May 24, 2008 11:10AM EDT

Everyone is talking solar but I am waiting for a pullback. I'm long on abat- advanced battery technologies. Fundamentally blows these solars out of their windmills but the sector hasn't gotten hot yet, and their competitors are showing neg. earnings. Either way, alternative energy including clean coal are places to dig. Good luck.

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miguel
miguel - Sunday May 25, 2008 01:08AM EDT

I think we all need to invest in solar companies, Many goverments in many countries are looking into having all Public Lightning Pole Beams used on the highways, citys including the dept of Correction,, Thats Huge!!! for companies like: First Solar, SolarFun, Canadien Solar.... Also Like Cramer said, Banco Santander Chile, Enersys.. Chile... see, ya

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