Value and short ideas after yesterday's big fall

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

Add to watchlist FSLR

First Solar Inc.

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

/zigman2/quotes/207281634/composite

Add to watchlist SMTGF

SMA Solar Technology AG

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

/zigman2/quotes/203434128/composite

Add to watchlist CAT

Caterpillar Inc.

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

/zigman2/quotes/203439053/composite

Add to watchlist NKE

Nike Inc. Cl B

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

/zigman2/quotes/203647513/composite

Add to watchlist MNDO

MIND C.T.I. Ltd.

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

/zigman2/quotes/201205073/composite

Add to watchlist SIRI

Sirius XM Holdings Inc.

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

/zigman2/quotes/210449693/composite

Add to watchlist CME

CME Group Inc. Cl A

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

/zigman2/quotes/209108507/composite

Add to watchlist ICE

Intercontinental Exchange Inc.

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

/zigman2/quotes/203660239/composite

Add to watchlist V

Visa Inc. Cl A

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

/zigman2/quotes/205710729/composite

Add to watchlist MU

Micron Technology Inc.

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

/zigman2/quotes/202237907/composite

Add to watchlist TXN

Texas Instruments Inc.

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

/zigman2/quotes/203240833/composite

Add to watchlist ASG

Liberty All-Star Growth Fund Inc.

US : U.S.: NYSE

$ 5.43

-0.02 -0.37%

Volume: 90,015

Feb. 8, 2023 2:43p

/zigman2/quotes/200215692/composite

Add to watchlist FCX

Freeport-McMoRan Inc.

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

/zigman2/quotes/202627887/composite

Add to watchlist RIO

Rio Tinto PLC ADR

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