AMD, Deere Lead High-Flying Stocks

BOSTON (TheStreet) -- Weaker-than-expected housing starts and building permits stalled stocks yesterday. Major U.S. indices declined, but a handful of stocks hit 52-week highs.

5. Trina Solar(TSL Quote) advanced 4.2% to $42.75. The panel maker is scheduled to report third-quarter results this morning. HSBC(HBC Quote) recently initiated coverage at "overweight."

Our take: We rate Trina Solar "sell." Second-quarter net income increased 11% to $19 million and earnings per share climbed 4% to 71 cents, restrained by a higher share count. Revenue dropped 27% to $150 million. Trina's gross margin jumped from 23% to 27%, and its operating margin rose from 15% to 16%. Trina trades at a discount to electrical component peers on projected earnings, book value and sales.