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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
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Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
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Economy- Long Term, Financials Look Good by Michael Filloon
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- Jim Cramer's Picks -SampleBetter Choices - Cramer's Lightning Round (10/15/08)by SA Editor Rachael GranbyStocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend. - Stocks & Sectors -SampleSeeking Alpha - Stocks & SectorsInternet
- eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman
- Is Google Feeling Lucky? by Sam Gustin
- Why Today Could Suck for Tech by Kevin Maney
Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
- Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld
- How Will Arbitron Fare in This Market? by Sreeni Meka
Telecom- Ten Ways to Invest in Louisiana by Stockerblog
- Earnings Preview: Electro-Optical Engineering by theflyonthewall.com
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Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
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- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript
- Perfect World Announces Share Repurchase Program by Trader Mark
- China: Hot Money Inflows Down, Nervousness Up by Michael Pettis
India- Indian Economy Has Much to Cheer About by Equitymaster
- India: RBI Cuts Cash Reserve Ratio by Equitymaster
- India: Markets Continue Downward by Equitymaster
Japan- Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media
Asia- Four International Dividend Stocks to Watch by David Hunkar
Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
- Alternative Energy Investing -SampleSeeking Alpha - Alternative EnergyAlternative Energy
- Seven Stocks for an Impending Apocalypse by H.J. Huneycutt
- Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz
- Trina Solar Looks Good, Though Market Yawns by Trader Mark
- The Electric Car Market: Wise Energy Use Stocks by Tom Konrad
- Investing in the Power of the Sea
- ETF Daily -SampleSeeking Alpha - ETF DailySector ETFs
- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
- Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla
Emerging Market ETFs- Brazil Is the Best of BRIC by Carl T. Delfeld
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US Market- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
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Housing & Real Estate- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono
Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
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ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Latest Comments5 Comments
Solar Stocks Down on Spanish Subsidy Concerns
I can't find any pressrelease in the Spanisch newspapers about cutting down subsidies in solar power. Please Mr. Savitz. Give us the official Spanisch gouvernmental statement and the name of the man who did the proposel........
Solar Stocks Down on Spanish Subsidy Concerns
More and more laws about altenergy are made by the European Commission. Don't see Europe anymore split up bij different countries.
Confessions of a Shallow Solar Trader
Date: 12/06/2008, 09:10
After a mixed year 2007, Solar Thermal comes again strong in 2008
Brussels/Munich 12 June 2008. Solar thermal encountered mixed developments in Europe in 2007. The biggest national market, Germany, declined while many other countries enjoyed double-digit growth rates. Sales in 2008 have started strong and the industry looks optimistically into the future. At Intersolar 2008, the European Solar Thermal Industry Federation publishes their latest market statistics for Europe.
“The Mediterranean countries have performed well last year. And some of the small EU markets have virtually exploded”, says ESTIF president Gerhard Rabensteiner. “Solar thermal sales grew by 74% in Slovenia and the Irish market tripled in just one year. The overall result was not stellar, but sales in the first months of 2008 have been very positive, especially in the German market”.
Last year, the total market for glazed collectors in the 27 EU Member States and Switzerland decreased by 9% to 1,9 GWth of new capacity (2,7 million m2 of collector area). The total capacity in operation at the end of 2007 reached 154, GWth (22 million m2).
Several factors contributed to the shrinking of the solar thermal market in Germany in 2007. The increase of the VAT rate at the beginning of the year was only one of them. The development of the solar thermal market was strongly influenced by that of the overall heating equipment market, which showed a strong decrease last year. Fortunately, 2008 started much stronger: In the first four months, sales in Germany increased considerably and the German Solar Industry Association, BSW-Solar has updated their growth expectation for 2008 to +40%.
The ups-and-downs that the industry encountered over the years in several markets, are partly also a consequence of a stop-and-go dynamic of many public support programmes. Financial and other incentives are introduced into the market and then again reduced or completely removed just one or two years later. In the expectation of new support, consumers have often postponed their decision to invest into solar thermal until a new programme is actually in place. Stable and positive framework conditions are a pre-requisite for healthy long-term growth the solar thermal markets. This is why ESTIF is convinced of the great benefits of solar obligations for new and refurbished buildings.
Overall, the longer term outlook for solar thermal is very bright, everywhere in Europe. ESTIF is particularly satisfied that the European Commission has tabled a proposal for a European Directive to promote renewable energies. For the first time, this proposal fully covers also renewables in heating and cooling.
“Climate change and the now very visible finiteness of fossil fuels have put an end to the old solutions of our energy supply”, explains Gerhard Rabensteiner.”The solar thermal sector has already formulated a clear vision: In 2030 the 100% solar heated house shall be the building standard in Europe. It is only a question of time, until this vision becomes reality”
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Download the latest solar thermal market statistics (551 kB) and this press release in Word format (116 kB).
Press Contact:
Uwe Trenkner, Secretary General
ESTIF
Renewable Energy House
Rue d’Arlon 63-67
B-1040 Bruxelles
Belgium
Lehman Recommends Pair Trades in Solar Stocks
I just received my newspaper.
The flamisch goverment (5.000.000 people)decided to gave higher premiums for sunpanels for small compagnies. For the period of januari-April 2008 small compagnies invested for 391,5 million Euro in renewed energysystems.
Belgium is one of the smallest countries in Europe.
Please, mister Heller, find anather job.
Lehman Recommends Pair Trades in Solar Stocks
Every compagnie has to reduce there CO2. To do that. Sunpower is the solution. If the compagnies produce to mutch CO2 they have to bye clean air emissions. This cost a lot of money. In Belgium is it so if i place solarpanels my electricwire is going down instat of going up and i get money for it. Think about that.