First solar shares took a hit today after David Einhorn announced yesterday his liquidation in Q1. Shares moved into new all-time lows currently at 14.30 down over 6%.
Analysts took note as the recent round of earnings came in strong for meat sellers enticing shares upward. Also helping was higher retail price of chicken and beans. Companies include Smithfield foods up 2.2%, Pilgrim’s Pride up 3.9%, Sanderson Farms up 2.4% and Tyson foods up 1.4%.
Rosetta remained the hot stock of the day up over 320% to $7.00.
Geomet was among the hardest hit last trading at 6.50 down over 30%.
The dollar finished with gains as the Euro lost.
Commodities held their streak with crude, gold and silver negative while natural gas gained over 5% to 2.63.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

The internet software and services industry is the leading industry at the moment up 2.18% with SINA corp leading the charge up over 15%.
Among leading stocks is Rosetta Genomics(ROSG) up over 300% after the announcement of obtaining medicare coverage. Telik Inc. is another leader after publishing two reports describing results of a clinic study of Telintra, up over 42% to 4.19.
Down shares this morning are Ambow Education of China due to a further delay of filing its 2011 financial. JCPenny is also amongst the losers due to poor results down 15% to 28.33
The commodities are inline where they were pre-trade with crude, gold and silver down and Natural gas up. At least they are consistent.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

The Mortgage bankers association report was out this morning with a big surge in refinance applications up 13% for the week of May 11. The average mortgage rate fell 5 basis points to 3.96% its lowest in the reports history.
The housing starts are up for April .747 million units an increase of 30.1% from a year ago, strengthen mostly by multifamily units.
JCPenny earnings were reported short and shares are down pre-trade while Target and Abercrombie both posted up. John Deere also beat expectations with net profit up 17%. Dunkin Doughnuts were upgraded by Argus to buy from hold and shares are above before open.
Commodities futures are currently presenting a loss with crude of over 1%, gold and silver of about 1% while natural gas stays afloat up about .5%.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

Tecumseh products was the leading gainer of the day up almost 40% to 38.94 after a positive earnings call. The company’s earnings report Monday may 7th showed net sales down 9.6%

Crude finished down yet again finalizing at 93.27 down 1.59% as did gold and silver while natural gas showed them up gaining nearly 3% closing at 2.50. The CRB future was still able to maintain positive finishing up .80 to 289.20 and ending a five session losing streak.
The drug delivery and sporting goods industries both finished strong up around 3.3% each.

JP Morgan managed to finish up despite all the bad reporting at 36.27 up 1.35%.
The housing market index showed signs of life with significant improvements in demand this month lifting the housing market index 5 points higher to 29, a new recovery high.

The positives were outweighed by the negatives with the Dow, Nasdaq and S&P all finishing negative. Spanish broadcasting remained heavily hit finishing down 40% to 3.75.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

Commodities are currently mixed with the CRB index up 0.4% after its fifth straight loss yesterday. Energies crude and natural gas are both up with crude around $95 a barrel and metals gold and silver both in the negative.

Under Armour shares are up this morning 1.8% after dick’s sporting goods announced its quarter 1 results showing strong sales of the firm’s products. Together with Sports Authority they account for about a quarter of Under Armour’s sales. The sporting goods industry is currently up 4.05% as the top performing industry.

One of the top performing stocks again today is Groupon up over 18% to 13.93 after announcing Monday that its revenue jumped up 89% and its customer base more than double to 36.9 from 15.4m a year earlier.

Heading losers today is that of Spanish Broadcasting System down over 25% after announcing its first quarter results.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu