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Oct. 4, 2011, 12:07 p.m. EDT

Value and short ideas after yesterday's big fall

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By Mick Weinstein

Following the S&P 500's crash through its 1,100 support line yesterday, some value-oriented long ideas and smart short cases seem appropriate.

LONG

While big solar names such as Solyndra and Evergreen outright collapsed this year, and others like First Solar /zigman2/quotes/209356097/composite FSLR -0.06% have swooned, alt energy investor Tom Konrad went behind the hyped panel to discover two solar power inverter companies he's now long as value plays : SMA Solar Technology /zigman2/quotes/207281634/composite SMTGF +1.80%   and Power-One .

On the iShares blog, Russ Koesterich sees energy companies as a bargain in the wreckage .

Roger Nusbaum - whose longstanding blog is a must-read on the process of portfolio management - sold out of Caterpillar /zigman2/quotes/203434128/composite CAT -0.17% earlier this year due to recession concerns, but believes the stock "will go to $130 at some point even if it gets there by way of $60." Roger contrasts CAT to Nike /zigman2/quotes/203439053/composite NKE -2.75% , which he still owns.

As gold and silver speculators head for the exits, the smart money remains, according to Jordan Roy-Byrne .

Frank Voisin sees MIND CTI /zigman2/quotes/203647513/composite MNDO +0.42% as "between 25% and 40% undervalued."

SHORT

Why Sirius XM /zigman2/quotes/201205073/composite SIRI -0.21% could easily drop from the current $1.45 to under a buck .

Greg Harmon notes that even the strongest financial sector stocks - like CME Group /zigman2/quotes/210449693/composite CME +4.99% , Intercontinental Exchange /zigman2/quotes/209108507/composite ICE +0.02% and Visa /zigman2/quotes/203660239/composite V -0.46% - have broken down .

The disaster scenario for chip stocks like Broadcom , SanDisk , Micron /zigman2/quotes/205710729/composite MU -2.58% and Texas Instruments /zigman2/quotes/202237907/composite TXN -2.74% .

Dan Plettner shorted closed end fund Liberty All-Star Growth /zigman2/quotes/203240833/composite ASG -0.37% for these reasons .

Goldman cut its metals forecast - bad news for copper names like Freeport-McMoran /zigman2/quotes/200215692/composite FCX -1.26% and Rio Tinto /zigman2/quotes/202627887/composite RIO -0.25% ?

The opinions offered herein are not personalized recommendations to buy, sell or hold securities.

/zigman2/quotes/209356097/composite
US : U.S.: Nasdaq
$ 165.79
-0.10 -0.06%
Volume: 1.17M
Feb. 8, 2023 2:46p
P/E Ratio
189.09
Dividend Yield
N/A
Market Cap
$17.68 billion
Rev. per Employee
$525,885
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/zigman2/quotes/207281634/composite
US : U.S.: OTC
$ 85.05
+1.50 +1.80%
Volume: 100.00
Feb. 7, 2023 3:50p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.91 billion
Rev. per Employee
$278,827
loading...
/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 249.25
-0.42 -0.17%
Volume: 1.33M
Feb. 8, 2023 2:46p
P/E Ratio
19.74
Dividend Yield
1.92%
Market Cap
$129.93 billion
Rev. per Employee
$551,783
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/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 121.88
-3.45 -2.75%
Volume: 3.58M
Feb. 8, 2023 2:46p
P/E Ratio
34.44
Dividend Yield
1.12%
Market Cap
$194.34 billion
Rev. per Employee
$621,403
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/zigman2/quotes/203647513/composite
US : U.S.: Nasdaq
$ 2.41
+0.01 +0.42%
Volume: 27,585
Feb. 8, 2023 2:18p
P/E Ratio
8.84
Dividend Yield
10.79%
Market Cap
$48.25 million
Rev. per Employee
$138,431
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/zigman2/quotes/201205073/composite
US : U.S.: Nasdaq
$ 5.03
-0.01 -0.21%
Volume: 10.27M
Feb. 8, 2023 2:46p
P/E Ratio
16.48
Dividend Yield
1.92%
Market Cap
$19.69 billion
Rev. per Employee
$1.53M
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/zigman2/quotes/210449693/composite
US : U.S.: Nasdaq
$ 186.68
+8.88 +4.99%
Volume: 1.42M
Feb. 8, 2023 2:46p
P/E Ratio
25.39
Dividend Yield
2.36%
Market Cap
$63.96 billion
Rev. per Employee
$1.42M
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/zigman2/quotes/209108507/composite
US : U.S.: NYSE
$ 109.37
+0.02 +0.02%
Volume: 1.05M
Feb. 8, 2023 2:46p
P/E Ratio
42.55
Dividend Yield
1.53%
Market Cap
$61.11 billion
Rev. per Employee
$1.03M
loading...
/zigman2/quotes/203660239/composite
US : U.S.: NYSE
$ 230.25
-1.07 -0.46%
Volume: 2.45M
Feb. 8, 2023 2:46p
P/E Ratio
32.89
Dividend Yield
0.78%
Market Cap
$476.39 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 60.53
-1.60 -2.58%
Volume: 5.39M
Feb. 8, 2023 2:46p
P/E Ratio
11.00
Dividend Yield
0.73%
Market Cap
$67.79 billion
Rev. per Employee
$565,750
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/zigman2/quotes/202237907/composite
US : U.S.: Nasdaq
$ 178.46
-5.03 -2.74%
Volume: 2.03M
Feb. 8, 2023 2:46p
P/E Ratio
19.03
Dividend Yield
2.77%
Market Cap
$166.28 billion
Rev. per Employee
$606,909
loading...
/zigman2/quotes/203240833/composite
US : U.S.: NYSE
$ 5.43
-0.02 -0.37%
Volume: 90,015
Feb. 8, 2023 2:43p
loading...
/zigman2/quotes/200215692/composite
US : U.S.: NYSE
$ 43.14
-0.55 -1.26%
Volume: 4.24M
Feb. 8, 2023 2:46p
P/E Ratio
18.22
Dividend Yield
1.39%
Market Cap
$62.48 billion
Rev. per Employee
$922,267
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 74.45
-0.19 -0.25%
Volume: 1.57M
Feb. 8, 2023 2:46p
P/E Ratio
6.83
Dividend Yield
9.16%
Market Cap
$122.73 billion
Rev. per Employee
$1.23M
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