Top Takes: FSLR, TZA, WMT - TheStreet

The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas.

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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

First Solar

(FSLR) - Get Report

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.

Short FSLR.

2. TZA -- Taking Some Off

By Timothy Collins

11:02 a.m. EST

I've sold the

Direxion Daily Small Cap Bear 3x Shares

(TZA) - Get Report

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.

Long TZA.

3. Retail

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

Wal-Mart

(WMT) - Get Report

and

CVS

(CVS) - Get Report

. My favorite short remains the

SPDR Retail

(XRT) - Get Report

, 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

(GLDD) - Get Report

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.

5. KMB

By Jim Cramer

1:32 p.m. EST

Kimberly-Clark

(KMB) - Get Report

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!

No positions.

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This article was written by a staff member of RealMoney.com.