Negative Movers: Homebuilders and Former High-Fliers Among the Hardest Hit (LEDS, CREE, FNSR, JDSU, BZH, HOV)

Tickerspy’s LED Index

LED INVESTING IDEAS

• Popular long ideas: CREE, VECO, AIXG
• Popular short ideas: CREE, PHG, AIXG
• Top dividend plays: PHG
• Pro favorites: CREE, PHG, VECO

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LED COVERAGE

These companies are engaged in the design or production of LEDs, LED lighting systems, or related technologies.

• China Concerns To Plague LED Stocks, Citi Says (AIXG, VECO, LEDS, EFOI, RBCN, CREE, NEXS, PHG)
• Negative Movers: Analyst Comments Hurt Some Stocks (AIXG, DQ, BQI, DB, WMS)
• Negative Movers: Lowered Q2 Earnings Estimates Bring Down Some Stocks (LEDS, RVSN, DQ, GRO, SATC)

LED CHART

LED METRICS

Avg. Market Cap:	$4.6B
Avg. P/E Ratio:	46.7
Avg. Div Yield:	0.4%

It’s an ugly day for the market as poor jobs numbers for June have drained all of the recent optimism from the market. Aided by negative news flow, some of the high-beta segments are being the hardest hit.

Today’s Negative tickerspy Indexes

LED Stocks (down 2.2% vs S&P 500): Thursday evening’s poor earnings from Chinese player SemiLEDs (LEDS) are putting a damper on LED stocks. Market leader Cree (CREE) continues to slide as well. Analyst Brigantine suggested that competition is rapidly getting tougher for Cree and reiterated its sell rating on the stock. Cree is also pushing the Semiconductor Packaging and Test Equipment Stocks Index lower on the day.

Optical Networking Stocks (down 1.5% vs S&P 500): Investors are fleeing this volatile segment amid souring sentiment. Finisar (FNSR) and JDS Uniphase (JDSU) are plunging the most.

Homebuilder Stocks (down 1.3% vs S&P 500): The dreadful economic data is putting a damper on hopes for a housing recovery. Beazer Homes USA (BZH) and Hovnanian Enterprises (HOV) are among the worst performing.

Tags: BZH, CREE, FNSR, HOV, JDSU, LEDS