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1. First Solar and German Market
By Mark Haefele
10:59 a.m. EST
The latest news that the German government will eliminate subsidies for solar projects on farmland is a big hit for
because Germany is its largest market and if FSLR's technology is competitive at all, it is on ground-based installations. On the recent conference call management refused to discuss how German subsidy cuts would affect FSLR's performance. But sometime soon, the company is going to have to incorporate the German cuts into guidance. I think this growth stock won't find new buyers until it becomes a value stock.
2. TZA -- Taking Some Off
By Timothy Collins
11:02 a.m. EST
I've sold the
Direxion Daily Small Cap Bear 3x Shares
March 10 calls at 45 cents (paid 39 cents). I realize this looks small, but up 15% with a market I don't trust to stay down, even for a day, I will limit short exposure.
By Robert Marcin
11:57 a.m. EST
I continue to like nondiscretionary retail from the long side. Think big, value-type retailers and drug store chains. Even food retailers might work in here.
I continue to avoid discretionary retailers. With the plunge in consumer confidence and $80 oil once again (and no cheap nat gas fueling stations soon) I would take profits from the rally in shares in discretionary retail, especially items like apparel, home-/auto-related, travel, jewelry, etc.
My favorite retail longs are
. My favorite short remains the
, an ETF with many mid-cap discretionary retailers.
Long WMT, CVS; short XRT.
4. Great Lakes Dock and Dredge
By Tim Melvin
12:27 p.m. EST
I see that shares of
Great Lake Dock and Dredging
are down about 12% after yesterday's earnings release. This is an intriguing company that I owned a few years ago as a result of a SPAC arbitrage. It is the largest dredging and land reclamation company in the U.S. It also offers demolition services. The report did not look that awful to me, with revenues basically flat and earnings at a penny, down from 3 cents. The backlog actually rose in the quarter to $366 million from $361 million.
This company could be a major beneficiary of stimulus and infrastructure spending in the years ahead. I am not buying yet, but a continued decline is going to spark my interest.
No positions ... yet.
By Jim Cramer
1:32 p.m. EST
telegraphed this bountiful dividend boost on its conference call. I remain a huge believer in this stock and think that it deserves to sell with a 3% yield -- arrived at by stock appreciation, not a dividend cut!
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This article was written by a staff member of RealMoney.com.