Gapping Up
In reaction to strong earnings/guidance: LDK +6.8%, CHINA +3.0%... Select solar stocks are trading higher following upside LDK guidance & CSUN upgrade: SOLF +4.5%, CSUN +4.2% (upgraded to Buy at Jefferies), AKNS +2.4%, ESLR +1.9%... Other news: CREE +3.4% -- light volume (Cree, LG Display to set up LED joint venture in China - The Korea Times), CF +2.3% (to replace EDS in the S&P 500), AZ +2.1% (FT reports AZ is prepared to delay or abandon plans to break up Dresdner Bank before an important deadline this month, a move that would signal a deal was near for the insurer to sell the whole of Dresdner), FE +1.9% -- light volume (mentioned positively in Barron's).
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