Websites for Job Hunters - from WSJ

WALL STREET JOURNAL
TECHNOLOGY NOVEMBER 25, 2008, 8:44 A.M. ET

For the Jobless, Web Sites Offer More Options

By PUI-WING TAM

Unemployment in the U.S. has hit a 14-year high as companies cut back. That has sent masses of laid-off workers flocking to the Web in search of opportunities -- and job sites have been stepping up to meet the challenge.
New job sites with names like MarketVendorJobs.com have sprung up to take advantage of growing user interest amid the economic downturn. Established sites, such as CareerBuilder.com, have also started rolling out new features to improve the relevance of job listings for candidates and make their résumés stand out, among other things. And some sites, such as Vault.com, are providing career counseling and other new services.

Business-networking site LinkedIn last month began offering online outplacement services to companies so that laid-off workers can more easily find their next gigs. It also has introduced technology that better matches its members with appropriate jobs. Using an algorithm, the site searches words within a job posting and then matches up members who list skills that fit the job. In January, the company plans to debut a feature that makes it easier for users to notify members in their online network that they're searching for a job.
Meanwhile, Glassdoor.com, a salary-review and employee-review Web site, this month retooled its home page so that jobs listed near the users' hometown and relevant job categories immediately pop up when an individual logs on. Vault.com has created a $999 service for job seekers to get two 45-minute career-coaching sessions over the phone to help them land a new job.
But some consumers may be overwhelmed by the number of job-search sites and all their new features. Scores of career sites are competing for clicks, so users must master multiple search tools -- only to discover that sometimes there is redundancy in the listings. Career counselors advise job seekers to learn advanced search strategies on several sites so that only relevant results are displayed. They're also told to find niche sites that focus on an industry or region to further narrow their search.
Alice Ziroli, 46, began looking for new jobs online earlier this year when the pharmaceutical company she worked for shut down its local sales division. But when she trolled sites such as Monster.com and CareerBuilder.com, she says she found their offerings too vast.
"I didn't find them user-friendly," says Ms. Ziroli. She eventually found a job-search engine called Indeed.com, which has a simple Google-like home page and allowed her to narrowly specify her job-search criteria. Last month, Ms. Ziroli started a new $65,000-a-year job -- slightly more than what she made before -- as a sales representative for a hospice-and-health-care company just 18 miles from her Diamond Bar, Calif., home.

Adding New Features

A CareerBuilder.com spokesman says that, in this environment, the more features that a site offers the better for a job candidate. Monster says it is rolling out improvements to its site early next year with features that will make it easier to upload résumés and apply for a job online.

CareerBuilder.com and other sites are adding features to improve the relevance of online job searches.
Still, job-search sites are experiencing a dramatic spike in usage. The total number of minutes that Internet users spent on such Web sites jumped 13% in October from a year earlier, while the total number of job-site pages viewed rose 20% in the same period, according to comScore Inc., a market-research company based in Reston, Va. Overall, the number of unique visitors to job-search sites is up 12% in the past year, more than the 5% increase for the Internet as a whole.
"Engagement with these job sites is a lot higher now," says Andrew Lipsman, a comScore spokesman. "It's not just how many people are on these sites but how much time overall they're spending on them."
Job-oriented sites are capitalizing -- literally -- on the newfound interest. Glassdoor.com late last month got $6.5 million in new venture-capital funding, just four months after its June launch. LinkedIn also announced last month that it had received $22.7 million in new funding from strategic investors such as Goldman Sachs Inc. and McGraw-Hill Co.
Niche Job Sites
Some job-search sites cater to certain industries. Dice.com, for instance, is targeted at technology professionals. Its sister Web site, eFinancialCareers.com, is tailored for finance-industry workers -- an area that has been particularly hard hit. In September, eFinancialCareers.com launched an emergency toolkit that bundles tips and articles on how finance workers can network, customize their résumés and interview better in order to land a new job.
Other sites try to stand out by providing more career-improvement data and features apart from just job listings. With numbers submitted by users, Glassdoor.com offers salary data for positions at numerous companies. So based on nine submissions, individuals searching for engineering-manager positions at Google Inc. would see that total compensation for such a job might add up to $241,000, including salary and bonuses.
And some sites are now emulating features found on social-networking sites: CareerBuilder.com in February launched BrightFuse.com, where professionals can network and interact with one another. A CareerBuilder.com spokesman says BrightFuse.com will add new features next year to highlight each member's skills, such as allowing writers to upload samples of their work.
One thing career sites haven't been able to perk up for job seekers is the total number of job listings. As of earlier this month, the number of job listings on Dice.com was down 9% for the year so far, compared with the same period in 2007, says a spokeswoman, who declined to reveal underlying numbers. At Indeed.com, the number of open positions has stayed flat at about five million jobs over the past year, says Indeed.com Chief Executive Paul Forster.

'A Mixed Picture'

"It's very much a mixed picture" out there jobwise, says Mr. Forster. "There's a lot of weakness in certain areas, such as in the mortgage, retail, financial, construction and hospitality industries. But some areas like defense and health care are strong."
Marc Hirsch, who started looking for a new job six months ago, says many features on the job sites helped him. The Roanoke, Va., resident, who has a background as a chemist, used LinkedIn, CareerBuilder.com and Indeed.com to get job alerts sent to him and liked how many of the listings came with salary information and estimates. "There was a lot of garbage that came back" through the online searches "but some quality opportunities too," says the 52-year-old.
Ultimately, though, the job sites proved to be just a starting point for him. Through one job listing he found on a career Web site earlier this year, Mr. Hirsch got his résumé sent to General Electric Co. While the company didn't have anything suitable at the time, GE kept his name on file.
When a position as an applications engineer came open, GE contacted him and he got the post, he says.
Write to Pui-Wing Tam at pui-wing.tam@wsj.com
Copyright 2008 Dow Jones & Company, Inc. All Rights Reserved

Sectors to Short (from Morningstar)

Stock Strategist


Four Sectors to Avoid, Sell, or Short with ETFs
By Paul Justice, CFA | 11-21-08 | 12:00 PM

Unless you've been on the sidelines or have been shorting the market since the summer, chances are that you have more than a few double-digit losers in your portfolio. You are not alone. I have my fair share of losers, and so do most of yesteryear's "top" money managers. Now, we could all get together and have a big kumbaya party, but that would simply treat the symptoms while ignoring the disease. We would be better served by taking our feelings out of the equation, reviewing our investment strategy, reassessing our tactical investment decisions, and learning from any mistakes that we've made. Once the errors have been identified, rectify them by either determining whether they merit staying in your portfolio or by selling them regardless of how much they have lost.


An interesting bit from the annals of behavioral finance theory is Kahneman and Tversky's prospect theory, which suggests that individuals are more upset by losses than they are pleased by equivalent gains. The pain is so great that investors in stocks avoid selling losers and often take even greater risks in the hope of simply breaking even. The same research also suggests that investors avoid making short sales (bets that an investment will go down) simply because they are afraid of having to cover their short positions at a loss sometime down the road.

Admittedly, short-selling is not for everyone. Don't do it without a sound thesis, considerable research, and a tough stomach. Over the long haul, stocks tend to go up (at least the past says so--let's hope that is still true). But no investor should avoid selling an investment that is down 50% simply in the hope that it will rebound. Here's a fact: An investment that fell 50% from where you purchased it can still go down 100% from where it is today. Reallocating those funds to a better prospect is a good idea, especially if you can use those realized losses to offset taxable gains.

With selling in mind, we've outlined five ETFs that investors should consider selling today. Where appropriate, we've tried to give investors a viable alternative to either purchase outright or with which to establish a pair trade.

High-Yield Corporate Bonds

In September and October, the credit spreads on high-yield bonds shot to never-before-seen levels. As of this writing, the high-water mark was roughly somewhere around 1,550 basis points over Treasury bonds, which translates to yields of nearly 20%. Still, we recommend that investors avoid high-yield ETFs such as iShares iBoxx $ High Yield Corporate Bond (HYG) and SPDR Lehman High Yield Bond (JNK) for the simple reason that we think things are going to get worse for high-yield issuers before they get better. Loose lending was not limited to residential mortgages during the past five years. Buyout firms and companies drank their fill from the cheap and easy debt trough. Now we have a host of companies that were overleveraged during the best of economic times staring a prolonged recession in the face. When a company has a weak balance sheet, its borrowing costs are rising, and its profits are dropping, the likelihood of bankruptcy increases exponentially. Many forecasters are projecting the default rates on these bonds will rise to anywhere between 8% and 12%. We fear that number could go much higher as the shutdown in the capital markets will preclude these firms from selling assets, raising equity, or even rolling over existing debt, thus exacerbating the impact of an economic recession.

Investors looking to capitalize on the high credit spreads that exist throughout the market would be much better served considering an investment in investment grade corporate bonds like those represented by iShares iBoxx $ Investment Grade Corporate Bond (LQD). Even this is not without risk, given that both Lehman and Washington Mutual were still rated investment grade when they went under. Still, the diversification of risk offered by the index structure will minimize the impact of one-off collapses keeping investors from suffering the permanent capital impairment that would have come from holding just a single bond issue.


Emerging Market Large-Caps
Large-cap emerging-markets equities are facing a Category 5 storm of bad market conditions. The global recession continues to drive down commodity prices, which will decimate the earnings of companies like Petrobras (PZE), Gazprom, and Posco (PKX)). National champion banks such as HDFC (HDB), China Construction Bank, and Banco Santander-Chile lent the billions of dollars of credit that funded the recent boom, and their future now holds higher default rates, few profitable loan opportunities, and even the possibility of governments forcing new credit to be supplied at artificially low rates. The advanced technology conglomerates like Samsung and Taiwan Semiconductor (TSM) face the worst global environment for consumer discretionary spending in decades. Finally, emerging-markets currencies are plummeting against the dollar, which further exacerbates the losses for U.S. shareholders. The most positive thing we can say about emerging-markets large caps is that they have already been beaten up, having dropped nearly 60% for the year to date, but that hardly precludes further losses given the potential for currency crises and the still-forthcoming bad earnings news from banks and commodities producers. Investors with stakes in iShares MSCI Emerging Markets Index (EEM) or BLDRs Emerging Markets 50 ADR Index (ADRE) should consider selling out or even shorting.

A naked bet on further falls may seem too risky. After all, the MSCI Emerging Markets Index trades around a P/E ratio of 8.5 and a price/cash flow ratio of 5.5. Clearly these stock prices already anticipate a deep recession and poor future earnings, so how much further could they fall? To offset the potential risk that emerging markets have hit bottom, we suggest a long position in emerging-markets small caps using WisdomTree Emerging Markets SmallCap Dividend (DGS). Relative to emerging-markets large caps, this fund has far less exposure to commodities producers or telecoms while concentrating instead in local consumer and business services, which should hold up relatively well as growth in emerging economies merely slows rather than halting. WisdomTree Emerging Markets SmallCap also has far smaller investments in the vulnerable Chinese, Mexican, Indian, and Russian markets than its rival large-cap funds, which should help its relative performance. Finally, emerging-markets small caps are likely to outperform because they will start from an even cheaper basis. Although these stocks did not fully participate in the gigantic emerging-markets rally of 2003-07, they have suffered alongside large caps in the fall. For that reason and the general value tilt from WisdomTree's dividend-weighting methodology, the stocks in WisdomTree Emerging Markets SmallCap Dividend are currently trading at a P/E ratio of 7 and a stunningly low price/cash flow ratio of 4.7 despite their brighter future! Shorting emerging-markets large caps and investing in their smaller cousins provides a tempting relative-value trade for intrepid investors.


Coal Producers
Few sectors were impacted as greatly as the energy sector by the proliferation of new ETFs over the past two years. Nuclear, natural gas, oil, and alternative energy all have several different funds from which to choose, and most of those include inverse and leveraged bets for both long investments and shorting. Included in that lineup was Market Vectors Coal ETF (KOL), an ETF frequently purchased by individual investors in the face of rising coal prices. What many investors failed to consider when spot coal prices were soaring is the fact that over 90% of the trading of this commodity is conducted via direct contracts. Thus, the spot market is only a proxy for a small fraction of the actual sales. Not all coal producers were realizing triple-digit prices for their goods, and those that were have seen the spot market evaporate with the recent pullback in global economic activity. While our equity analysts see only a modest contraction in the volume of coal consumed for electricity production over the next few years, the same cannot be said for coal used by industrial consumers. Thus, the good times for coal producers will not likely reach the levels seen in 2007 and 2008 until robust world economic growth returns. Throw in the sweeping victory by Democrats, and the appointment of Henry Waxman as chairman of the Energy and Commerce Committee replacing John Dingell, and it appears the federal government's attitude toward curbing greenhouse gas emissions is becoming more determined. Given coal's distinct disadvantage in this space, times indeed look more pessimistic for America's most abundant fuel.


REITs
The residential real estate market sits at the epicenter of the current crisis. Chances are that if you've picked up a newspaper or turned on the television over the past few months then you've already been briefed on just how ugly it's getting out there. However, we'd also like to highlight some cracks we see in the commercial real estate market. We want to caution investors about a potential parade of dividend cuts that seem to be on the horizon for the REIT industry. Avoiding the sector altogether is probably a wise choice, but the most daring and risk-seeking investors might even consider selling the sector short.

The REIT market has benefited over the past several years from loose credit terms, low interest rates, and rising property values. Strong and consistent historical performances over this period led many investors to believe that REITs could be considered a safe haven with healthy dividend income streams. Surprise! The party is now over. The tail winds that benefited the industry over the past several years are turning into strong head winds. Many firms in the industry took on unsustainable levels of debt to expand their asset bases. Now, those same assets are falling precipitously in value. We should also expect to see rental rates come down as vacancy rates increase. This should in turn depress cash flows and possibly impair some firms' ability to meet the debt obligations they assumed when the economic outlook was rosy. The long lead times that are typical for commercial real estate projects brings up another issue. Many projects that were undertaken a few years ago may have been economically attractive at the time. However, things have changed drastically and many projects may turn out to be value destroyers. But, because many projects are already so close to completion, there's no turning back.

So, how can investors apply this sector thesis? UltraShort Real Estate ProShares (SRS
SRS) is the easiest way to gain leveraged short exposure to the industry. Barclays' iShares family of ETFs has also sliced the REIT market every which way, so we'd take a look at getting short the retail and hotel subsectors of the REIT industry there (iShares FTSE NAREIT Retail (RTL) and iShares FTSE NAREIT Industrial/Office (FIO)). The most popular REIT ETFs, in terms of assets under management, that investors may wish to keep an eye on include Vanguard REIT Index ETF (VNQ), iShares Dow Jones US Real Estate (IYR), and SPDR DJ Wilshire REIT (RWR).
John Gabriel









Paul Justice is a senior stock analyst with Morningstar.

Make Money in Down Markets with Inverse ETFs

This blog, crashmarketstocks.com, has a good description of the inverse ETFs (like SDS and QID) that you can use to make money in down markets and hedge the long positions in your portfolio.

Winners & (Mostly) Losers - Year To Date Performance of S&P 500 Stocks

November 19, 2008
Year-to-Date Performance Ranking of S&P 500 Stocks (11/19/2008)


Below is the Year-to-Date Performance Ranking of stocks in S&P 500 index.
Rank Company (Stock Symbol) Year-to-Date Change Current Price End of 2007
1 Family Dollar Stores, Inc. (NYSE:FDO) 37.7% 26.48 19.23
2 Rohm and Haas Company (NYSE:ROH) 35.1% 71.71 53.07
3 Anheuser-Busch Companies, Inc. (NYSE:BUD) 31.0% 68.58 52.34
4 UST Inc. (NYSE:UST) 24.9% 68.47 54.80
5 Barr Pharmaceuticals, Inc. (NYSE:BRL) 21.1% 64.29 53.10
6 Celgene Corporation (NASDAQ:CELG) 20.7% 55.76 46.21
7 Amgen, Inc. (NASDAQ:AMGN) 15.5% 53.64 46.44
8 General Mills, Inc. (NYSE:GIS) 9.3% 62.31 57.00
9 Southwestern Energy Company (NYSE:SWN) 9.0% 30.38 27.86
10 Hudson City Bancorp, Inc. (NASDAQ:HCBK) 7.6% 16.16 15.02
11 Wal-Mart Stores, Inc. (NYSE:WMT) 7.3% 51.00 47.53
12 Campbell Soup Company (NYSE:CPB) 3.4% 36.94 35.73
13 The Kroger Co. (NYSE:KR) -0.4% 26.60 26.71
14 Abbott Laboratories (NYSE:ABT) -2.9% 54.52 56.15
15 McDonald's Corporation (NYSE:MCD) -5.9% 55.44 58.91
16 Apollo Group, Inc. (NASDAQ:APOL) -6.0% 65.97 70.15
17 Gilead Sciences, Inc. (NASDAQ:GILD) -6.1% 43.20 46.01
18 Baxter International Inc. (NYSE:BAX) -8.1% 53.37 58.05
19 Genzyme Corporation (NASDAQ:GENZ) -8.6% 68.00 74.44
20 The Clorox Company (NYSE:CLX) -8.8% 59.42 65.17
21 Waste Management, Inc. (NYSE:WMI) -9.0% 29.73 32.67
22 Hasbro, Inc. (NYSE:HAS) -9.7% 23.10 25.58
23 Nicor Inc. (NYSE:GAS) -10.1% 38.08 42.35
24 Norfolk Southern Corp. (NYSE:NSC) -10.1% 45.33 50.44
25 Allied Waste Industries, Inc. (NYSE:AW) -10.2% 9.90 11.02
26 Aon Corporation (NYSE:AOC) -10.4% 42.74 47.69
27 H&R Block, Inc. (NYSE:HRB) -10.6% 16.61 18.57
28 Sherwin-Williams Company (NYSE:SHW) -11.0% 51.68 58.04
29 The Southern Company (NYSE:SO) -11.0% 34.47 38.75
30 Burlington Northern Santa Fe Corporation (NYSE:BNI) -11.4% 73.73 83.23
31 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) -12.7% 47.25 54.12
32 Pactiv Corporation (NYSE:PTV) -12.8% 23.23 26.63
33 Johnson & Johnson (NYSE:JNJ) -12.9% 58.12 66.70
34 H.J. Heinz Company (NYSE:HNZ) -13.4% 40.43 46.68
35 EOG Resources, Inc. (NYSE:EOG) -13.4% 77.28 89.25
36 Big Lots, Inc. (NYSE:BIG) -13.6% 13.81 15.99
37 The Hershey Company (NYSE:HSY) -14.3% 33.78 39.40
38 King Pharmaceuticals, Inc. (NYSE:KG) -14.7% 8.73 10.24
39 PG&E Corporation (NYSE:PCG) -15.1% 36.59 43.09
40 The Procter & Gamble Company (NYSE:PG) -15.2% 62.27 73.42
41 Molson Coors Brewing Company (NYSE:TAP) -15.2% 43.76 51.62
42 Affiliated Computer Services, Inc. (NYSE:ACS) -15.6% 38.07 45.10
43 Marsh & McLennan Companies, Inc. (NYSE:MMC) -15.8% 22.30 26.47
44 Applied Biosystems Inc. (NYSE:ABI) -15.8% 28.55 33.92
45 Kellogg Company (NYSE:K) -15.8% 44.12 52.43
46 DaVita Inc. (NYSE:DVA) -16.5% 47.03 56.35
47 C.R. Bard, Inc. (NYSE:BCR) -16.6% 79.08 94.80
48 Quest Diagnostics Incorporated (NYSE:DGX) -16.9% 43.94 52.90
49 Integrys Energy Group, Inc. (NYSE:TEG) -17.9% 42.42 51.69
50 The DIRECTV Group, Inc. (NASDAQ:DTV) -17.9% 18.97 23.12
51 Bemis Company, Inc. (NYSE:BMS) -18.3% 22.36 27.38
52 Pulte Homes, Inc. (NYSE:PHM) -18.4% 8.60 10.54
53 Watson Pharmaceuticals, Inc. (NYSE:WPI) -18.4% 22.14 27.14
54 Union Pacific Corporation (NYSE:UNP) -18.9% 50.97 62.81
55 Kimberly-Clark Corporation (NYSE:KMB) -19.1% 56.08 69.34
56 Wells Fargo & Company (NYSE:WFC) -19.2% 24.40 30.19
57 Colgate-Palmolive Company (NYSE:CL) -19.2% 62.99 77.96
58 The Chubb Corporation (NYSE:CB) -19.9% 43.74 54.58
59 DTE Energy Company (NYSE:DTE) -19.9% 35.20 43.96
60 Laboratory Corp. of America Holdings (NYSE:LH) -20.1% 60.36 75.53
61 Lowe's Companies, Inc. (NYSE:LOW) -20.2% 18.04 22.62
62 Kraft Foods Inc. (NYSE:KFT) -20.3% 25.99 32.63
63 Covidien Ltd. (NYSE:COV) -20.4% 35.27 44.29
64 Consolidated Edison, Inc. (NYSE:ED) -21.1% 38.52 48.85
65 McCormick & Company, Incorporated (NYSE:MKC) -21.2% 29.87 37.91
66 AutoZone, Inc. (NYSE:AZO) -21.4% 94.25 119.91
67 Exxon Mobil Corporation (NYSE:XOM) -21.6% 73.42 93.69
68 Genuine Parts Company (NYSE:GPC) -21.7% 36.25 46.30
69 Public Storage (NYSE:PSA) -21.7% 57.47 73.41
70 Progress Energy, Inc. (NYSE:PGN) -22.0% 37.79 48.43
71 Xcel Energy Inc. (NYSE:XEL) -22.3% 17.53 22.57
72 Leggett & Platt, Inc. (NYSE:LEG) -22.7% 13.48 17.44
73 Devon Energy Corporation (NYSE:DVN) -22.9% 68.57 88.91
74 BB&T Corporation (NYSE:BBT) -23.1% 23.57 30.67
75 Automatic Data Processing (NYSE:ADP) -23.4% 34.11 44.53
76 Bristol Myers Squibb Co. (NYSE:BMY) -23.6% 20.27 26.52
77 QUALCOMM, Inc. (NASDAQ:QCOM) -23.7% 30.01 39.35
78 PNC Financial Services (NYSE:PNC) -24.1% 49.83 65.65
79 Chevron Corporation (NYSE:CVX) -24.3% 70.61 93.33
80 Raytheon Company (NYSE:RTN) -24.5% 45.85 60.70
81 Wyeth (NYSE:WYE) -24.6% 33.34 44.19
82 Comcast Corporation (NASDAQ:CMCSA) -24.6% 13.77 18.26
83 Range Resources Corp. (NYSE:RRC) -25.0% 38.53 51.36
84 Medco Health Solutions Inc. (NYSE:MHS) -25.2% 37.91 50.70
85 CSX Corporation (NYSE:CSX) -25.5% 32.76 43.98
86 U.S. Bancorp (NYSE:USB) -25.6% 23.62 31.74
87 Becton, Dickinson and Co. (NYSE:BDX) -25.9% 61.92 83.58
88 Duke Energy Corporation (NYSE:DUK) -26.1% 14.91 20.17
89 Dominion Resources, Inc. (NYSE:D) -26.3% 34.95 47.45
90 FirstEnergy Corp. (NYSE:FE) -26.6% 53.12 72.34
91 The Home Depot, Inc. (NYSE:HD) -26.7% 19.76 26.94
92 Express Scripts, Inc. (NASDAQ:ESRX) -27.3% 53.06 73.00
93 United Parcel Service, Inc. (NYSE:UPS) -27.4% 51.36 70.72
94 SYSCO Corporation (NYSE:SYY) -27.8% 22.52 31.21
95 Biogen Idec Inc. (NASDAQ:BIIB) -27.9% 41.06 56.92
96 Southwest Airlines Co. (NYSE:LUV) -28.9% 8.67 12.20
97 Oracle Corporation (NASDAQ:ORCL) -29.1% 16.00 22.58
98 Altria Group, Inc. (NYSE:MO) -29.2% 16.50 23.31
99 Altera Corporation (NASDAQ:ALTR) -29.7% 13.59 19.32
100 International Business Machines Corp. (NYSE:IBM) -29.7% 75.97 108.10
101 CVS Caremark Corporation (NYSE:CVS) -30.0% 27.84 39.75
102 Sigma-Aldrich Corporation (NASDAQ:SIAL) -30.1% 38.17 54.60
103 3M Company (NYSE:MMM) -30.3% 58.77 84.32
104 Symantec Corporation (NASDAQ:SYMC) -30.4% 11.24 16.14
105 Varian Medical Systems, Inc. (NYSE:VAR) -30.5% 36.27 52.16
106 QLogic Corporation (NASDAQ:QLGC) -30.5% 9.87 14.20
107 The Travelers Companies, Inc. (NYSE:TRV) -30.7% 37.29 53.80
108 The Coca-Cola Company (NYSE:KO) -31.1% 42.27 61.37
109 M&T Bank Corporation (NYSE:MTB) -31.2% 56.14 81.57
110 PepsiCo, Inc. (NYSE:PEP) -31.4% 52.10 75.90
111 The Progressive Corporation (NYSE:PGR) -31.4% 13.15 19.16
112 Plum Creek Timber Co. Inc. (NYSE:PCL) -31.4% 31.58 46.04
113 W.W. Grainger, Inc. (NYSE:GWW) -31.5% 59.92 87.52
114 Pfizer Inc. (NYSE:PFE) -31.5% 15.56 22.73
115 St. Jude Medical, Inc. (NYSE:STJ) -31.6% 27.80 40.64
116 Lexmark International, Inc. (NYSE:LXK) -31.8% 23.79 34.86
117 NIKE, Inc. (NYSE:NKE) -31.8% 43.84 64.24
118 Ball Corporation (NYSE:BLL) -32.0% 30.60 45.00
119 Paychex, Inc. (NASDAQ:PAYX) -32.0% 24.62 36.22
120 FedEx Corporation (NYSE:FDX) -32.1% 60.58 89.17
121 CenterPoint Energy, Inc. (NYSE:CNP) -32.7% 11.52 17.13
122 Apache Corporation (NYSE:APA) -32.9% 72.19 107.54
123 Xilinx, Inc. (NASDAQ:XLNX) -32.9% 14.67 21.87
124 Pinnacle West Capital Corporation (NYSE:PNW) -32.9% 28.44 42.41
125 Reynolds American, Inc. (NYSE:RAI) -33.0% 44.19 65.96
126 BMC Software, Inc. (NYSE:BMC) -33.2% 23.82 35.64
127 Staples, Inc. (NASDAQ:SPLS) -33.9% 15.26 23.07
128 AmerisourceBergen Corp. (NYSE:ABC) -34.0% 29.61 44.87
129 FPL Group, Inc. (NYSE:FPL) -34.1% 44.67 67.78
130 Lockheed Martin Corporation (NYSE:LMT) -34.1% 69.33 105.26
131 Millipore Corporation (NYSE:MIL) -34.5% 47.94 73.18
132 Entergy Corporation (NYSE:ETR) -34.5% 78.26 119.52
133 Hewlett-Packard Company (NYSE:HPQ) -34.6% 33.03 50.48
134 JPMorgan Chase & Co. (NYSE:JPM) -34.8% 28.47 43.65
135 Intuit Inc. (NASDAQ:INTU) -35.0% 20.55 31.61
136 Snap-on Incorporated (NYSE:SNA) -35.1% 31.32 48.24
137 Costco Wholesale Corporation (NASDAQ:COST) -35.1% 45.27 69.76
138 Robert Half International Inc. (NYSE:RHI) -35.1% 17.54 27.04
139 Sempra Energy (NYSE:SRE) -35.3% 40.03 61.88
140 TECO Energy, Inc. (NYSE:TE) -35.5% 11.10 17.21
141 Ryder System, Inc. (NYSE:R) -35.5% 30.31 47.01
142 The TJX Companies, Inc. (NYSE:TJX) -35.9% 18.42 28.73
143 The Estee Lauder Companies Inc. (NYSE:EL) -36.0% 27.92 43.61
144 XTO Energy Inc. (NYSE:XTO) -36.0% 32.86 51.36
145 Cincinnati Financial Corporation (NASDAQ:CINF) -36.1% 25.28 39.54
146 Yum! Brands, Inc. (NYSE:YUM) -36.1% 24.46 38.27
147 Hospira, Inc. (NYSE:HSP) -36.2% 27.19 42.64
148 Equity Residential (NYSE:EQR) -36.4% 23.21 36.47
149 Cabot Oil & Gas Corporation (NYSE:COG) -36.5% 25.64 40.37
150 American Electric Power Company, Inc. (NYSE:AEP) -36.9% 29.37 46.56
151 Brown-Forman Corporation (NYSE:BF.B) -37.0% 46.67 74.11
152 ConAgra Foods, Inc. (NYSE:CAG) -37.0% 14.98 23.79
153 Expeditors International of Washington (NASDAQ:EXPD) -37.1% 28.11 44.68
154 PerkinElmer, Inc. (NYSE:PKI) -37.2% 16.35 26.02
155 Monsanto Company (NYSE:MON) -37.3% 70.07 111.69
156 Ecolab Inc. (NYSE:ECL) -37.5% 32.01 51.21
157 Fidelity National Information Services (NYSE:FIS) -37.7% 14.44 23.17
158 Medtronic, Inc. (NYSE:MDT) -37.9% 31.20 50.27
159 Verizon Communications Inc. (NYSE:VZ) -38.1% 26.94 43.49
160 The Walt Disney Company (NYSE:DIS) -38.2% 19.94 32.28
161 L-3 Communications Holdings, Inc. (NYSE:LLL) -38.5% 65.16 105.94
162 Bed Bath & Beyond Inc. (NASDAQ:BBBY) -38.5% 18.07 29.39
163 CA, Inc. (NASDAQ:CA) -38.7% 15.30 24.95
164 Linear Technology Corporation (NASDAQ:LLTC) -39.0% 19.43 31.83
165 Sealed Air Corp. (NYSE:SEE) -39.3% 14.05 23.14
166 AT&T Inc. (NYSE:T) -39.3% 25.23 41.56
167 Compuware Corporation (NASDAQ:CPWR) -39.3% 5.39 8.88
168 Praxair, Inc. (NYSE:PX) -39.3% 53.84 88.71
169 Cintas Corporation (NASDAQ:CTAS) -39.4% 20.36 33.62
170 PPL Corporation (NYSE:PPL) -39.4% 31.54 52.09
171 Mattel, Inc. (NYSE:MAT) -39.5% 11.51 19.04
172 Walgreen Company (NYSE:WAG) -39.6% 23.01 38.08
173 Exelon Corporation (NYSE:EXC) -39.7% 49.23 81.64
174 Equifax Inc. (NYSE:EFX) -39.8% 21.89 36.36
175 MasterCard Incorporated (NYSE:MA) -39.8% 129.54 215.19
176 Frontier Communications Corp (NYSE:FTR) -39.8% 7.66 12.73
177 United Technologies Corporation (NYSE:UTX) -39.9% 45.99 76.54
178 Occidental Petroleum Corporation (NYSE:OXY) -40.1% 46.12 76.99
179 Pitney Bowes Inc. (NYSE:PBI) -40.3% 22.72 38.04
180 Ameren Corporation (NYSE:AEE) -40.3% 32.35 54.21
181 Windstream Corporation (NYSE:WIN) -40.4% 7.76 13.02
182 Zions Bancorporation (NASDAQ:ZION) -40.9% 27.57 46.69
183 Edison International (NYSE:EIX) -41.0% 31.49 53.37
184 Forest Laboratories, Inc. (NYSE:FRX) -41.0% 21.49 36.45
185 Eli Lilly & Co. (NYSE:LLY) -41.2% 31.41 53.39
186 NiSource Inc. (NYSE:NI) -41.3% 11.08 18.89
187 PPG Industries, Inc. (NYSE:PPG) -41.4% 41.19 70.23
188 Danaher Corporation (NYSE:DHR) -41.4% 51.45 87.74
189 Safeway Inc. (NYSE:SWY) -41.5% 20.01 34.21
190 V.F. Corporation (NYSE:VFC) -41.9% 39.88 68.66
191 Noble Energy, Inc. (NYSE:NBL) -42.0% 46.10 79.52
192 Patterson Companies, Inc. (NASDAQ:PDCO) -42.1% 19.67 33.95
193 Illinois Tool Works Inc. (NYSE:ITW) -42.1% 31.01 53.54
194 Spectra Energy Corp. (NYSE:SE) -42.1% 14.95 25.82
195 Schering-Plough Corporation (NYSE:SGP) -42.4% 15.35 26.64
196 Kohl's Corporation (NYSE:KSS) -42.4% 26.39 45.80
197 ITT Corporation (NYSE:ITT) -42.4% 38.04 66.04
198 CenturyTel, Inc. (NYSE:CTL) -42.4% 23.86 41.46
199 Dover Corporation (NYSE:DOV) -42.5% 26.51 46.09
200 Pall Corporation (NYSE:PLL) -42.6% 23.15 40.32
201 The Charles Schwab Corporation (NASDAQ:SCHW) -42.7% 14.65 25.55
202 AFLAC Incorporated (NYSE:AFL) -42.7% 35.91 62.63
203 Citrix Systems, Inc. (NASDAQ:CTXS) -42.7% 21.79 38.01
204 Pepco Holdings, Inc. (NYSE:POM) -42.8% 16.77 29.33
205 Vulcan Materials Company (NYSE:VMC) -42.9% 45.18 79.09
206 Public Service Enterprise Group Inc. (NYSE:PEG) -43.3% 27.84 49.12
207 Zimmer Holdings, Inc. (NYSE:ZMH) -43.4% 37.47 66.15
208 The Stanley Works (NYSE:SWK) -43.4% 27.43 48.48
209 Embarq Corporation (NYSE:EQ) -43.5% 27.99 49.53
210 Mylan Inc. (NYSE:MYL) -43.6% 7.93 14.06
211 CMS Energy Corporation (NYSE:CMS) -43.6% 9.80 17.38
212 Boston Scientific Corporation (NYSE:BSX) -43.7% 6.55 11.63
213 Capital One Financial Corp. (NYSE:COF) -43.9% 26.50 47.26
214 Emerson Electric Co. (NYSE:EMR) -44.2% 31.63 56.66
215 Microchip Technology Inc. (NASDAQ:MCHP) -44.3% 17.51 31.42
216 Cisco Systems, Inc. (NASDAQ:CSCO) -44.3% 15.08 27.07
217 Novell, Inc. (NASDAQ:NOVL) -44.4% 3.82 6.87
218 General Dynamics Corporation (NYSE:GD) -44.7% 49.25 88.99
219 Analog Devices, Inc. (NYSE:ADI) -44.7% 17.53 31.70
220 Cardinal Health, Inc. (NYSE:CAH) -44.7% 31.92 57.75
221 Thermo Fisher Scientific Inc. (NYSE:TMO) -45.0% 31.75 57.68
222 E.I. du Pont de Nemours & Company (NYSE:DD) -45.0% 24.26 44.09
223 Sara Lee Corp. (NYSE:SLE) -45.1% 8.82 16.06
224 Fiserv, Inc. (NASDAQ:FISV) -45.2% 30.42 55.49
225 Anadarko Petroleum Corporation (NYSE:APC) -45.3% 35.96 65.69
226 International Flavors & Fragrances Inc. (NYSE:IFF) -45.6% 26.17 48.13
227 Target Corporation (NYSE:TGT) -46.1% 26.96 50.00
228 Darden Restaurants, Inc. (NYSE:DRI) -46.1% 14.94 27.71
229 Vornado Realty Trust (NYSE:VNO) -46.4% 47.17 87.95
230 Tellabs, Inc. (NASDAQ:TLAB) -46.5% 3.50 6.54
231 Allergan, Inc. (NYSE:AGN) -46.9% 34.11 64.24
232 Polo Ralph Lauren Corporation (NYSE:RL) -46.9% 32.80 61.79
233 Computer Sciences Corporation (NYSE:CSC) -47.0% 26.21 49.47
234 EMC Corporation (NYSE:EMC) -47.1% 9.80 18.53
235 Avon Products, Inc. (NYSE:AVP) -47.2% 20.88 39.53
236 The Black & Decker Corporation (NYSE:BDK) -47.2% 36.78 69.65
237 Broadcom Corporation (NASDAQ:BRCM) -47.4% 13.76 26.14
238 Unum Group (NYSE:UNM) -47.5% 12.50 23.79
239 ConocoPhillips (NYSE:COP) -47.5% 46.34 88.30
240 Avery Dennison Corporation (NYSE:AVY) -47.8% 27.72 53.14
241 The Bank of New York Mellon Corporation (NYSE:BK) -47.9% 25.39 48.76
242 Stryker Corporation (NYSE:SYK) -48.0% 38.83 74.72
243 First Horizon National Corporation (NYSE:FHN) -48.2% 9.41 18.15
244 Dean Foods Company (NYSE:DF) -48.4% 13.34 25.86
245 Microsoft Corporation (NASDAQ:MSFT) -48.6% 18.29 35.60
246 Murphy Oil Corporation (NYSE:MUR) -48.6% 43.58 84.84
247 Eastman Chemical Company (NYSE:EMN) -49.3% 31.00 61.09
248 American Tower Corporation (NYSE:AMT) -49.3% 21.58 42.60
249 Adobe Systems Incorporated (NASDAQ:ADBE) -49.4% 21.63 42.73
250 HCP, Inc. (NYSE:HCP) -49.4% 17.60 34.78
251 Northern Trust Corporation (NASDAQ:NTRS) -49.5% 38.65 76.58
252 Torchmark Corporation (NYSE:TMK) -49.6% 30.49 60.53
253 Constellation Brands, Inc. (NYSE:STZ) -49.7% 11.88 23.64
254 RadioShack Corporation (NYSE:RSH) -49.8% 8.46 16.86
255 ENSCO International Incorporated (NYSE:ESV) -49.9% 29.85 59.62
256 Marshall & Ilsley Corporation (NYSE:MI) -50.2% 13.19 26.48
257 Questar Corporation (NYSE:STR) -50.4% 26.84 54.10
258 Time Warner Inc. (NYSE:TWX) -50.7% 8.14 16.51
259 Chesapeake Energy Corporation (NYSE:CHK) -50.8% 19.30 39.20
260 Discover Financial Services (NYSE:DFS) -50.9% 7.41 15.08
261 McKesson Corporation (NYSE:MCK) -51.2% 31.99 65.51
262 The Dow Chemical Company (NYSE:DOW) -51.4% 19.16 39.42
263 AvalonBay Communities, Inc. (NYSE:AVB) -51.4% 45.75 94.14
264 Verisign, Inc. (NASDAQ:VRSN) -51.5% 18.24 37.61
265 Cooper Industries, Ltd. (NYSE:CBE) -51.6% 25.59 52.88
266 Moody's Corporation (NYSE:MCO) -51.7% 17.25 35.70
267 Schlumberger Limited (NYSE:SLB) -51.9% 47.30 98.37
268 LSI Corporation (NYSE:LSI) -52.0% 2.55 5.31
269 Agilent Technologies Inc. (NYSE:A) -52.0% 17.64 36.74
270 Nucor Corporation (NYSE:NUE) -52.1% 28.34 59.22
271 Omnicom Group Inc. (NYSE:OMC) -52.3% 22.68 47.53
272 Fortune Brands, Inc. (NYSE:FO) -52.3% 34.52 72.36
273 Archer Daniels Midland Company (NYSE:ADM) -52.3% 22.14 46.43
274 Air Products & Chemicals, Inc. (NYSE:APD) -52.3% 47.01 98.63
275 Boston Properties, Inc. (NYSE:BXP) -52.5% 43.60 91.81
276 The Gap Inc. (NYSE:GPS) -52.6% 10.09 21.28
277 Applied Materials, Inc. (NASDAQ:AMAT) -52.6% 8.42 17.76
278 Simon Property Group, Inc (NYSE:SPG) -52.7% 41.07 86.86
279 Loews Corporation (NYSE:L) -52.9% 23.70 50.34
280 Nabors Industries Ltd. (NYSE:NBR) -52.9% 12.89 27.39
281 The Western Union Company (NYSE:WU) -53.0% 11.42 24.28
282 NetApp Inc. (NASDAQ:NTAP) -53.0% 11.72 24.96
283 Intel Corporation (NASDAQ:INTC) -53.2% 12.49 26.66
284 The Washington Post Company (NYSE:WPO) -53.2% 370.50 791.40
285 Northrop Grumman Corporation (NYSE:NOC) -53.2% 36.80 78.64
286 Transocean Inc. (NYSE:RIG) -53.2% 66.97 143.15
287 Caterpillar Inc. (NYSE:CAT) -53.3% 33.87 72.56
288 IMS Health, Inc. (NYSE:RX) -53.4% 10.73 23.04
289 Cognizant Technology Solutions Corp. (NASDAQ:CTSH) -53.8% 15.68 33.94
290 Hess Corp. (NYSE:HES) -53.9% 46.47 100.86
291 Newmont Mining Corporation (NYSE:NEM) -54.1% 22.40 48.83
292 Sunoco, Inc. (NYSE:SUN) -54.2% 33.20 72.44
293 The Pepsi Bottling Group, Inc. (NYSE:PBG) -54.2% 18.07 39.46
294 Waters Corporation (NYSE:WAT) -54.2% 36.18 79.07
295 Huntington Bancshares Incorporated (NASDAQ:HBAN) -54.3% 6.75 14.76
296 Coach, Inc. (NYSE:COH) -54.5% 13.91 30.58
297 KB Home (NYSE:KBH) -54.7% 9.78 21.60
298 SunTrust Banks, Inc. (NYSE:STI) -54.7% 28.29 62.49
299 Comerica Incorporated (NYSE:CMA) -55.0% 19.58 43.53
300 Parker-Hannifin Corporation (NYSE:PH) -55.1% 33.80 75.31
301 Allegheny Energy, Inc. (NYSE:AYE) -55.4% 28.40 63.61
302 Franklin Resources, Inc. (NYSE:BEN) -55.4% 50.98 114.43
303 The McGraw-Hill Companies, Inc. (NYSE:MHP) -55.6% 19.45 43.81
304 National Semiconductor Corporation (NYSE:NSM) -55.7% 10.04 22.64
305 Noble Corporation (NYSE:NE) -55.8% 24.95 56.51
306 Texas Instruments Incorporated (NYSE:TXN) -56.2% 14.63 33.40
307 Fluor Corporation (NEW) (NYSE:FLR) -56.2% 31.91 72.86
308 PACCAR Inc (NASDAQ:PCAR) -56.4% 23.76 54.48
309 Apple Inc. (NASDAQ:AAPL) -56.4% 86.29 198.08
310 Merck & Co., Inc. (NYSE:MRK) -56.4% 25.31 58.11
311 T. Rowe Price Group, Inc. (NASDAQ:TROW) -56.6% 26.40 60.88
312 Federated Investors, Inc. (NYSE:FII) -56.7% 17.82 41.16
313 BJ Services Company (NYSE:BJS) -56.8% 10.49 24.26
314 Molex Incorporated (NASDAQ:MOLX) -56.9% 11.78 27.30
315 Teradata Corporation (NYSE:TDC) -57.1% 11.77 27.41
316 The Boeing Company (NYSE:BA) -57.1% 37.48 87.46
317 Tyco International Ltd. (NYSE:TYC) -57.2% 16.95 39.65
318 Halliburton Company (NYSE:HAL) -57.3% 16.18 37.91
319 Juniper Networks, Inc. (NASDAQ:JNPR) -57.7% 14.04 33.20
320 Dell Inc. (NASDAQ:DELL) -57.8% 10.35 24.51
321 Newell Rubbermaid Inc. (NYSE:NWL) -58.2% 10.81 25.88
322 Whirlpool Corporation (NYSE:WHR) -58.3% 34.01 81.63
323 Total System Services, Inc. (NYSE:TSS) -58.6% 11.60 28.00
324 Eaton Corporation (NYSE:ETN) -58.9% 39.88 96.95
325 Weyerhaeuser Company (NYSE:WY) -59.0% 30.25 73.74
326 Rockwell Collins, Inc. (NYSE:COL) -59.3% 29.32 71.97
327 Williams Companies, Inc. (NYSE:WMB) -59.4% 14.53 35.78
328 Google Inc. (NASDAQ:GOOG) -59.5% 280.18 691.46
329 Cameron International Corporation (NYSE:CAM) -59.7% 19.41 48.13
330 Limited Brands, Inc. (NYSE:LTD) -60.0% 7.58 18.93
331 Marathon Oil Corporation (NYSE:MRO) -60.4% 24.11 60.86
332 Honeywell International Inc. (NYSE:HON) -60.4% 24.38 61.57
333 Goodrich Corporation (NYSE:GR) -60.6% 27.84 70.61
334 AutoNation, Inc. (NYSE:AN) -60.6% 6.17 15.66
335 Yahoo! Inc. (NASDAQ:YHOO) -60.7% 9.14 23.26
336 Johnson Controls, Inc. (NYSE:JCI) -61.0% 14.07 36.04
337 General Electric Company (NYSE:GE) -61.0% 14.45 37.07
338 Starbucks Corporation (NASDAQ:SBUX) -61.1% 7.97 20.47
339 Amazon.com, Inc. (NASDAQ:AMZN) -61.3% 35.84 92.64
340 Tiffany & Co. (NYSE:TIF) -61.5% 17.71 46.03
341 Marriott International, Inc. (NYSE:MAR) -61.6% 13.13 34.18
342 The Allstate Corporation (NYSE:ALL) -61.9% 19.90 52.23
343 Baker Hughes Incorporated (NYSE:BHI) -61.9% 30.89 81.10
344 Novellus Systems, Inc. (NASDAQ:NVLS) -62.1% 10.46 27.57
345 Tyco Electronics Ltd. (NYSE:TEL) -62.2% 14.02 37.13
346 Precision Castparts Corp. (NYSE:PCP) -62.3% 52.34 138.70
347 El Paso Corporation (NYSE:EP) -62.4% 6.49 17.24
348 Intuitive Surgical, Inc. (NASDAQ:ISRG) -62.5% 121.09 322.99
349 State Street Corporation (NYSE:STT) -62.6% 30.33 81.20
350 Qwest Communications International Inc. (NYSE:Q) -62.8% 2.61 7.01
351 Rowan Companies, Inc. (NYSE:RDC) -62.9% 14.62 39.46
352 Humana Inc. (NYSE:HUM) -63.0% 27.89 75.31
353 Carnival Corporation (NYSE:CCL) -63.0% 16.47 44.49
354 Regions Financial Corporation (NYSE:RF) -63.1% 8.72 23.65
355 Aetna Inc. (NYSE:AET) -63.2% 21.24 57.73
356 WellPoint, Inc. (NYSE:WLP) -63.4% 32.11 87.73
357 Rockwell Automation (NYSE:ROK) -63.5% 25.18 68.96
358 D.R. Horton, Inc. (NYSE:DHI) -63.7% 4.78 13.17
359 The New York Times Company (NYSE:NYT) -63.8% 6.35 17.53
360 American Express Company (NYSE:AXP) -64.0% 18.74 52.02
361 Autodesk, Inc. (NASDAQ:ADSK) -64.1% 17.86 49.76
362 Masco Corporation (NYSE:MAS) -64.2% 7.73 21.61
363 The AES Corporation (NYSE:AES) -64.7% 7.55 21.39
364 Best Buy Co., Inc. (NYSE:BBY) -64.7% 18.58 52.65
365 eBay Inc. (NASDAQ:EBAY) -64.8% 11.69 33.19
366 Corning Incorporated (NYSE:GLW) -64.9% 8.43 23.99
367 Kimco Realty Corporation (NYSE:KIM) -64.9% 12.77 36.40
368 International Paper Company (NYSE:IP) -65.4% 11.20 32.38
369 J.C. Penney Company, Inc. (NYSE:JCP) -65.4% 15.21 43.99
370 Jabil Circuit, Inc. (NYSE:JBL) -65.5% 5.27 15.27
371 Xerox Corporation (NYSE:XRX) -65.5% 5.58 16.19
372 Smith International, Inc. (NYSE:SII) -65.7% 25.34 73.85
373 MeadWestvaco Corp. (NYSE:MWV) -65.8% 10.70 31.30
374 Weatherford International Ltd. (NYSE:WFT) -66.1% 11.63 34.30
375 Peabody Energy Corporation (NYSE:BTU) -66.5% 20.64 61.64
376 Fifth Third Bancorp (NASDAQ:FITB) -66.5% 8.41 25.13
377 Deere & Company (NYSE:DE) -66.6% 31.08 93.12
378 GameStop Corp. (NYSE:GME) -66.9% 20.56 62.11
379 Massey Energy Company (NYSE:MEE) -67.0% 11.81 35.75
380 Tyson Foods, Inc. (NYSE:TSN) -67.1% 5.04 15.33
381 KeyCorp (NYSE:KEY) -67.2% 7.70 23.45
382 Coca-Cola Enterprises Inc. (NYSE:CCE) -67.4% 8.49 26.03
383 Host Hotels & Resorts, Inc. (NYSE:HST) -67.8% 5.49 17.04
384 Interpublic Group of Companies, Inc. (NYSE:IPG) -67.8% 2.61 8.11
385 Eastman Kodak Company (NYSE:EK) -67.9% 7.03 21.87
386 Bank of America Corporation (NYSE:BAC) -68.3% 13.06 41.26
387 KLA-Tencor Corporation (NASDAQ:KLAC) -68.4% 15.24 48.16
388 Teradyne, Inc. (NYSE:TER) -68.4% 3.27 10.34
389 Invesco Ltd. (NYSE:IVZ) -68.5% 9.89 31.38
390 National-Oilwell Varco, Inc. (NYSE:NOV) -69.1% 22.72 73.46
391 Cummins Inc. (NYSE:CMI) -69.1% 19.65 63.69
392 MetLife, Inc. (NYSE:MET) -69.2% 19.00 61.62
393 Viacom, Inc. (NYSE:VIA.B) -69.2% 13.51 43.92
394 Akamai Technologies, Inc. (NASDAQ:AKAM) -69.3% 10.63 34.60
395 UnitedHealth Group Inc. (NYSE:UNH) -69.5% 17.73 58.20
396 Leucadia National Corp. (NYSE:LUK) -69.6% 14.31 47.10
397 CONSOL Energy Inc. (NYSE:CNX) -69.7% 21.69 71.52
398 R.R. Donnelley & Sons Company (NYSE:RRD) -69.7% 11.44 37.74
399 IntercontinentalExchange, Inc. (NYSE:ICE) -69.7% 58.29 192.48
400 Jones Apparel Group, Inc. (NYSE:JNY) -69.8% 4.83 15.99
401 Ashland Inc. (NYSE:ASH) -69.8% 14.32 47.43
402 News Corporation (NYSE:NWS.A) -69.8% 6.18 20.49
403 Jacobs Engineering Group Inc. (NYSE:JEC) -69.9% 28.80 95.61
404 Ingersoll-Rand Company Limited (NYSE:IR) -70.4% 13.77 46.47
405 Electronic Arts Inc. (NASDAQ:ERTS) -70.7% 17.11 58.41
406 SUPERVALU INC. (NYSE:SVU) -71.0% 10.88 37.52
407 Harley-Davidson, Inc. (NYSE:HOG) -71.1% 13.49 46.71
408 SLM Corporation (NYSE:SLM) -71.2% 5.81 20.14
409 Tenet Healthcare Corporation (NYSE:THC) -71.3% 1.46 5.08
410 Micron Technology, Inc. (NYSE:MU) -71.4% 2.07 7.25
411 Monster Worldwide, Inc. (NASDAQ:MNST) -71.5% 9.23 32.40
412 Advanced Micro Devices, Inc. (NYSE:AMD) -71.7% 2.12 7.50
413 Centex Corporation (NYSE:CTX) -71.9% 7.09 25.26
414 Sears Holdings Corporation (NASDAQ:SHLD) -72.1% 28.50 102.05
415 Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) -72.4% 12.17 44.03
416 E TRADE Financial Corporation (NASDAQ:ETFC) -72.4% 0.98 3.55
417 Convergys Corporation (NYSE:CVG) -72.5% 4.52 16.46
418 Lennar Corporation (NYSE:LEN) -73.3% 4.78 17.89
419 Meredith Corporation (NYSE:MDP) -74.0% 14.32 54.97
420 Dynegy Inc. (NYSE:DYN) -74.1% 1.85 7.14
421 Goldman Sachs Group, Inc. (NYSE:GS) -74.3% 55.18 215.06
422 Apartment Investment and Management Co. (NYSE:AIV) -74.4% 8.90 34.73
423 Ameriprise Financial, Inc. (NYSE:AMP) -74.7% 13.96 55.11
424 CME Group Inc. (NASDAQ:CME) -75.1% 170.88 685.96
425 Nordstrom, Inc. (NYSE:JWN) -75.6% 8.98 36.73
426 Assurant, Inc. (NYSE:AIZ) -76.2% 15.91 66.90
427 Titanium Metals Corporation (NYSE:TIE) -76.5% 6.22 26.45
428 Valero Energy Corporation (NYSE:VLO) -76.5% 16.45 70.02
429 Constellation Energy Group, Inc. (NYSE:CEG) -76.7% 23.91 102.53
430 NYSE Euronext (NYSE:NYX) -77.5% 19.72 87.77
431 Alcoa Inc. (NYSE:AA) -77.7% 8.16 36.55
432 Macy's, Inc. (NYSE:M) -78.0% 5.68 25.87
433 Citigroup Inc. (NYSE:C) -78.3% 6.40 29.44
434 Whole Foods Market, Inc. (NASDAQ:WFMI) -78.4% 8.82 40.80
435 Motorola, Inc. (NYSE:MOT) -78.6% 3.44 16.04
436 Expedia, Inc. (NASDAQ:EXPE) -78.7% 6.72 31.62
437 United States Steel Corporation (NYSE:X) -79.1% 25.21 120.91
438 MBIA Inc. (NYSE:MBI) -79.7% 3.79 18.63
439 CIGNA Corporation (NYSE:CI) -79.8% 10.88 53.73
440 International Game Technology (NYSE:IGT) -80.2% 8.69 43.93
441 CBS Corporation (NYSE:CBS) -80.2% 5.39 27.25
442 Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) -80.2% 20.24 102.44
443 JDS Uniphase Corporation (NASDAQ:JDSU) -80.6% 2.58 13.30
444 Allegheny Technologies Incorporated (NYSE:ATI) -80.7% 16.69 86.40
445 Morgan Stanley (NYSE:MS) -80.7% 10.25 53.11
446 Legg Mason, Inc. (NYSE:LM) -80.9% 14.00 73.15
447 Coventry Health Care, Inc. (NYSE:CVH) -80.9% 11.32 59.25
448 SanDisk Corporation (NASDAQ:SNDK) -81.0% 6.30 33.17
449 Ford Motor Company (NYSE:F) -81.3% 1.26 6.73
450 CB Richard Ellis Group, Inc. (NYSE:CBG) -81.3% 4.03 21.55
451 NVIDIA Corporation (NASDAQ:NVDA) -81.7% 6.23 34.02
452 Prudential Financial, Inc. (NYSE:PRU) -81.7% 17.01 93.04
453 Wyndham Worldwide Corporation (NYSE:WYN) -81.8% 4.29 23.56
454 Abercrombie & Fitch Co. (NYSE:ANF) -81.8% 14.55 79.97
455 Sun Microsystems, Inc. (NASDAQ:JAVA) -82.0% 3.27 18.13
456 Merrill Lynch & Co., Inc. (NYSE:MER) -82.1% 9.60 53.68
457 Tesoro Corporation (NYSE:TSO) -82.2% 8.49 47.70
458 Gannett Co., Inc. (NYSE:GCI) -82.5% 6.81 39.00
459 The Goodyear Tire & Rubber Company (NYSE:GT) -82.9% 4.83 28.22
460 Textron Inc. (NYSE:TXT) -82.9% 12.20 71.30
461 Principal Financial Group, Inc. (NYSE:PFG) -83.0% 11.67 68.84
462 Sovereign Bancorp, Inc. (NYSE:SOV) -83.2% 1.92 11.40
463 Dillard's, Inc. (NYSE:DDS) -83.3% 3.14 18.78
464 Ciena Corporation (NASDAQ:CIEN) -83.7% 5.55 34.11
465 American Capital Ltd. (NASDAQ:ACAS) -83.8% 5.35 32.96
466 Janus Capital Group Inc. (NYSE:JNS) -83.9% 5.28 32.85
467 Terex Corporation (NYSE:TEX) -84.4% 10.21 65.57
468 Harman International Industries Inc./DE/ (NYSE:HAR) -85.6% 10.65 73.72
469 Sprint Nextel Corporation (NYSE:S) -85.7% 1.88 13.13
470 AK Steel Holding Corporation (NYSE:AKS) -85.9% 6.51 46.24
471 MEMC Electronic Materials, Inc. (NYSE:WFR) -86.2% 12.20 88.50
472 Lincoln National Corporation (NYSE:LNC) -87.4% 7.31 58.22
473 Developers Diversified Realty Corp. (NYSE:DDR) -87.8% 4.69 38.29
474 Wachovia Corporation (NYSE:WB) -88.0% 4.57 38.03
475 Office Depot, Inc. (NYSE:ODP) -88.5% 1.60 13.91
476 General Motors Corporation (NYSE:GM) -88.8% 2.79 24.89
477 Manitowoc Company, Inc. (NYSE:MTW) -88.8% 5.47 48.83
478 National City Corporation (NYSE:NCC) -89.2% 1.78 16.46
479 Liz Claiborne, Inc. (NYSE:LIZ) -89.5% 2.13 20.35
480 XL Capital Ltd. (NYSE:XL) -89.8% 5.11 50.31
481 CIT Group Inc. (NYSE:CIT) -90.6% 2.25 24.03
482 MGIC Investment Corp. (NYSE:MTG) -90.9% 2.05 22.43
483 Unisys Corporation (NYSE:UIS) -91.5% 0.40 4.73
484 Hartford Financial Services (NYSE:HIG) -92.1% 6.88 87.19
485 ProLogis (NYSE:PLD) -94.5% 3.46 63.38
486 Genworth Financial, Inc. (NYSE:GNW) -96.0% 1.02 25.45
487 American International Group, Inc. (NYSE:AIG) -97.3% 1.56 58.30
488 Freddie Mac (NYSE:FRE) -98.4% 0.56 34.06
489 General Growth Properties, Inc (NYSE:GGP) -99.0% 0.40 41.18
490 Fannie Mae (NYSE:FNM) -99.0% 0.38 39.97
491 Washington Mutual, Inc. (NYSE:WM) -99.7% 0.04 13.61
492 Lehman Brothers Holdings Inc. (NYSE:LEH) -99.9% 0.04 65.44
493 Hercules Incorporated (NYSE:HPC) N/A N/A 19.35
494 Electronic Data Systems Corporation (NYSE:EDS) N/A N/A 20.73
495 Lorillard Inc. (NYSE:LO) N/A 60.69 N/A
496 Philip Morris International Inc. (NYSE:PM) N/A 36.64 N/A
497 SAFECO Corporation (NYSE:SAF) N/A N/A 55.68
498 Scripps Networks Interactive, Inc. (NYSE:SNI) N/A 24.40 N/A
499 Wendy's International (NYSE:WEN) N/A N/A 25.84
500 Wm. Wrigley Jr. Company (NYSE:WWY) N/A N/A 58.55




TrackBack URL for this entry:
http://www.typepad.com/t/trackback/1094494/35969446

From Business Week - Search Optimization for Small Businesses

BWSmallBiz -- Marketing June 20, 2008, 5:00PM

Search Engine Optimization for Small Businesses

You, too, can figure out how to land atop the search heap
by Eve Tahmincioglu

Jill Caren proves that even a one-person business can get top rankings on Google. Caren runs Marlboro (N.J.)-based Expressions Photo Design, and ilovephotogifts.com, her Web site, regularly lands among the first listings for anyone Googling "unique photo gifts," the keywords she thinks potential customers are using in searches.

It wasn't always that way. Caren's previous Web site, expressionspb.com, used to get buried in search results. Caren didn't know how she could improve her standing—a process called search engine optimization, or SEO for short—and approached the Web designer who built her site. When that proved fruitless, Caren took an SEO class online and started hanging out in online SEO forums. Pretty soon, she says, "I decided to redo my site entirely. Instead of leaving it up to someone else, I did it myself, and I could not be happier with the results."

It took Caren about eight months to understand what needed to be changed and how to do it. She launched her new site in June, 2007, and attributes a 21% increase in her annual sales, to about $80,000, to the relaunch. "In less than three months," she says, "I was on the first page of Google for many of my keywords." Now she doesn't do any advertising and is able to rely solely on search to bring in business. Here's how she does it.

THE TITLE SELLS THE BOOK
Titles are easy to overlook, but they're important to search engines. On your home page, the title should give as much detail as possible about what you sell. Other titles should highlight the items sold on those pages or the content that appears there.

Caren researched the keywords in the titles, general text, and coding on her site using goodkeywords.com (free), and wordtracker.com (about $300 for a year's subscription).

THERE IS SOMETHING IN A DOMAIN NAME
Your URL should specify exactly what you sell. Search engines look for keywords in a domain name that are related to the products or services a user is searching for. By changing her domain name from expressionspb.com to ilovephotogifts.com, Caren tells the search engines right from the start what her company does.

BLOG ALREADY
A search engine wants to see fresh content, and blogging is a great way to provide it. Caren blogs at least three times a week. "Google wants to see you're giving people something," she says. Her blog is on her own Web site (not with a hosted service), so that keywords appearing in the blog help her ranking. If she starts attracting comments, those will also count as updates to her site, further boosting her ranking.

TRUMPET YOUR PRODUCTS, BUT NOT TOO OFTEN
This is yet another place for Caren to include keywords for her wares. But be careful—endlessly repeating keywords is a frowned-upon practice known as "stuffing." It's a good way to make a search engine think you're a spammer.

BLUE LIGHT SPECIAL
Another opportunity to add fresh content—and score with the search engines. Caren includes information about weekly specials here and encourages people to sign up for her newsletter.

A PICTURE IS NOT WORTH A THOUSAND WORDS
Search engines cannot see images or videos, so Caren makes sure every image on her site gets some sort of short caption or description. She writes them herself, rather than using manufacturers' descriptions. Search engines notice if an item is described in the same way by hundreds of sites, and tend to weed those out. It's also a good idea to add text about each image in the site's coding.

CHART A COURSE FOR THE BOTS
Search engines use software called bots to search your site. A site map will help them find their way. Caren's map has links to over 30 products and their descriptions. She downloaded free coding for her site map from online shopping cart provider Zen Cart, which let her create a map that complies with Google specifications.

Back to BWSmallBiz June/July 2008 Table of Contents http://www.businessweek.com/magazine/toc/08_66/S0806bwsmallbiz.htm



Eve Tahmincioglu is a contributor to BusinessWeek SmallBiz.

Make Money in Down Markets - an easy and simple way to hedge

Hedge Your Portfolio
from US News and World Report

By Katy Marquardt
Posted December 20, 2007

It can pay to play defense in a market often buffeted by fast and furious one-day drops. In small doses, funds that use hedging strategies can reduce risk in your overall portfolio because their performance doesn't move in tandem with the stock or bond markets. Using sophisticated techniques such as short-selling and options, these funds aim to guard against market declines and still produce respectable long-term returns.



When former economics professor John Hussman's market outlook is gloomy, he can hedge some—or all—of his Hussman Strategic Growth fund using options to bet against major market indexes. The fund is currently fully hedged, its most bearish position. The portfolio holds more than 100 stocks Hussman thinks are somewhat cheap relative to their growth potential. "We're also hedged with indexes that behave similarly and reflect the stocks we own," says Hussman. "The idea is to earn the difference in the stocks' performance." The fund, which returned 11 percent a year on average from its July 2000 launch through December 1, charges a below-average 1.17 percent in annual expenses.

Michael Orkin hedges his Caldwell & Orkin Market Opportunity fund by short-selling—or betting against—individual stocks or sectors. Orkin's bets against the home-building and subprime mortgage sectors helped the fund gain a whopping 33 percent over the past year. It returned an annualized 7 percent over the past decade, 1 percentage point ahead of the S&P 500, with significantly less volatility. The fund charges 1.75 percent in annual fees.

You can execute your own hedging strategy by investing in an exchange-traded fund (ETF) that bets on the decline of an index, investing style, or sector of the market. ProShares' short-selling etfs produce inverse returns of a particular index. For instance, the Short Dow30 bets against the Dow Jones industrial average. The firm also offers a line of "ultra" funds, which essentially return double the opposite of an index's daily gain. Although these funds aren't as risky as pure short-selling, approach them with caution.


http://www.usnews.com/articles/news/50-ways-to-improve-your-life/2007/12/20/hedge-your-portfolio.html

Solar Cell Companies (from Fortune Magazine)

Solar stocks for a rainy day
The industry has taken a beating in the market lately, but a few standouts may shine in the long run.

By Michael V. Copeland, senior writer
November 4, 2008: 5:14 AM ET

Find this article at:
http://money.cnn.com/2008/11/03/technology/copeland_solar.fortune/index.htm




(Fortune Magazine) -- No one loves Arnold Schwarzenegger more than the solar industry. Kicking off the nation's largest gathering devoted to all things sunny, the California governor won thunderous applause and two standing ovations from the crowd of 20,000 at the San Diego Convention Center. "What's green for the environment can also be green for the economy," he said. "Solar is the future; it's now; it can't be stopped."

For those four days in October, the Solar Power International 2008 convention drew attendees from 70 countries and generated lines stretching out the door for parking, food, and just about everything else. It seemed as if the power of the sun could conquer all. You wouldn't have guessed that just a week before, the financial meltdown had felled sector after sector, including the once-shining solar industry.

It's not that this swelling crowd thinks the macroeconomic troubles the world faces won't affect the solar industry; they know they will. All the leading solar companies have already seen the value of their stocks plummet far more than the 36% the Nasdaq has dropped from the beginning of the year to Oct. 21. The value of the Claymore/MAC global solar energy index (TAN), an ETF comprising global solar stocks, has dropped 56% since it started trading in mid-April.

Given the uncertainty of the economy, some analysts fear that the solar industry's customers could have trouble financing utility-scale solar projects that use lots of modules. Most residential solar installations, which can cost $20,000 to $30,000, require homeowners to borrow, and that money has all but disappeared. Subsidies in Spain, a huge market in recent years, are decreasing, and it is an open question whether countries that have new subsidies coming online, like Italy, Greece, and France, will fill the void.

In contrast to the 1980s - when solar companies got swept away by cheap oil, withdrawn government subsidies, or steep economic downturns - the sense this time is that the industry is here to stay. And not just stay and survive, but stay and flourish. Concern over climate change, combined with falling prices for solar technology, has made this source of carbon-free electricity more attractive than ever. The worldwide market for solar energy roughly doubled last year, to $33 billion, and analysts expect revenues to grow 33% a year for the foreseeable future. What began as a technology championed by tree huggers and pot growers is now a global market that Lux Research, based in New York City, says will reach about $100 billion in sales within the next five years. Germany, Japan, and Spain rank as the top markets for solar power, but other Western European nations are coming on fast, as are China and the U.S. As part of the bailout package, Congress extended the 30% investment tax credits for clean energy, which should give a boost to the American market.

'A real industry'
"Solar has become a real industry," says Marc Porat, a Silicon Valley veteran and chairman of green-building-materials company Serious Materials. Porat was at the conference in San Diego scouting for solar-electricity generating systems for another green project of his. Looking around the hall packed with startups selling everything from tools for manufacturing solar cells to rooftop hardware for mounting equipment to software for analyzing power needs, Porat emphasizes his point. "You can see that all the gaps in the market have been filled by multiple companies," he says. "It's the same with any good entrepreneurial opportunity."

After 30-plus years of steady improvement, solar electric technology is going mainstream. Photovoltaic (PV) panels, which convert sunlight directly into electricity, can increasingly be found on residential rooftops, warehouses, and Wal-Marts. Large-scale photovoltaic solar farms cover huge swaths of land to supply utilities with clean power. Entrepreneurs have also invested in solar thermal farms, where the sun's heat turns liquid into steam to drive a turbine.

Even with state-of-the-art manufacturing methods, PV solar power is still on average twice as expensive to produce as electricity generated by a coal-fired plant. But prices are finally coming down even as efficiency goes up, and some experts think the cost of solar will rival grid power in the next two to three years. In the meantime, government subsidies are bridging the cost gap in many markets. Also, as more nations pass carbon cap-and-trade laws - in the U.S. both Senators McCain and Obama support the idea - natural gas and coal will become more expensive, which should close the gap further. Finally, the industry has achieved scale. These are not backyard enterprises - they pull in hundreds of millions in revenue annually and do business everywhere on the planet. That they all are pursuing economies of scale should help drive down the cost of solar even further.

Although the industry is able to sell solar cells and modules today as fast as it can make them, analysts predict capacity will almost double in 2009. That has caused some analysts to raise the specter of over-supply and the possibility of a bloody price war among manufacturers. "It's going to trigger a shakeout," says Ted Sullivan, a senior analyst with Lux. "The weakest players will either get acquired or fail."

While industry players mostly disagree with Sullivan on the inevitability of aggressive price wars, they do see an upcoming shift in the industry. "I think we all agree that markets tend to consolidate during times like these," says Tom Werner, CEO of SunPower, a maker of solar-power-generating systems. "This is one of those periods in an industry where a handful of big players emerge."

Of the 14 pure-play public solar companies, experts expect at least three to stand out from the crowd. The winners possess differentiated technology, enough cash to survive, and the financial heft to enter the entire solar food chain, from producing modules to selling power like any other utility. While the industry is likely to remain volatile for some time to come, long-term investors might want to consider stocks of these three companies, whose values now look attractive.

First Solar
Among the favorites of stock analysts is First Solar (FSLR). Founded in 1999 and originally backed by the investing arm of the Walton (Wal-Mart) family, First Solar went public in 2006, right at the beginning of a wave of solar IPOs. In the coming shakeout First Solar should thrive, because with its cutting-edge thin-film technology it is able to produce solar modules more cheaply per watt than its competitors. Traditional crystalline-silicon photovoltaic systems sandwich wafers of silicon between glass, resulting in those boxy panels you see on rooftops. By contrast, First Solar's thin-film technology applies a fine layer of material directly to a glass substrate. The process is faster, and because it requires just a fraction of the expensive silicon used in traditional PVs, it's vastly cheaper. First Solar, which operates factories in Ohio, Malaysia, and Germany, can produce systems for $1.14 per watt of power, compared with $2.90 per watt for traditional crystalline-silicon solar cells. With subsidies, First Solar's products can compete in many parts of the world with a natural gas or coal-fired power plant.

Run by managers who are fanatics about meeting goals and avoiding unnecessary costs, First Solar routinely blows away both its own and the Street's targets. Its manufacturing team is legendary, bringing online factories that exceed expectations. "They come in at over 100% of projected capacity," says Jenny Chase, a senior analyst with New Energy Finance. "No one else does that."

The shares of this highflying Tempe, Ariz., company peaked at $317 in May and now are trading at $144. Analysts expect sales this year to reach $1.2 billion, up 138% from 2007, and to top $2.1 billion next year, with earnings per share more than doubling. First Solar also sits on $633 million in cash. While the stock is pricey with a current P/E of 50 and a forward P/E of 21, the company's growth prospects and strong balance sheet make it look like a buy.

SunPower
While First Solar has laid claim to the lowest price per watt for its modules, SunPower (SPWRA) claims the most efficient. Inch for inch, its modules produce the most electricity. While SunPower's systems are expensive, you need fewer of them, which makes them perfect for homes and businesses where space is tight. The company, based in San Jose, was spun out of Cypress Semiconductor in 2005 and now sports a $4.2 billion market cap - about eight times the size of its former parent. It has carved out a place in the solar industry similar to Apple's in the computer world, producing well-designed, aesthetically pleasing modules. SunPower has distinguished itself in the market as one of the highest-quality makers of modules. "Brand actually does matter in this industry," New Energy's Chase says, "and SunPower has it."

Besides making and installing systems, SunPower has started on a new track. Much like a utility, it has decided to sell the power its modules produce directly to customers. But that new strategy hasn't kept the stock from getting hammered. Over the past year, SunPower stock fell from a 52-week high of $164 to a low of $37 in early October. Werner is shocked by the drubbing his stock has taken. "The markets are valuing growth companies as if they were lead-pencil companies," he says. "This will take care of itself in time, and we are obviously in a really, really unique time."

Now trading at around $54, with a current P/E of 60 and a forward P/E of 12, this stock, too, looks like a buy. Analysts expect SunPower's sales this year to hit $1.4 billion, up 80% from 2007, and to rise to $2 billion in 2009. Earnings per share are expected to rise from $2.33 in 2008 to $3.55 in 2009, a 52% increase.

Suntech Power
While SunPower is obsessed with quality, what solarmaker Suntech Power (STP) offers is scale. Based in Wuxi, China, the company is the world's largest manufacturer of solar PV modules and has set in place an aggressive plan to stay on top, says Roger Efird, who runs Suntech's business in the Americas. With a cash hoard of $752 million, access to cheap local labor, and deep-pocketed Chinese lenders backing it up, the company has been able to take advantage of the fast-growing market. Efird, who is also chairman of the U.S. Solar Energy Industry Association, believes the risk of price declines in solar modules next year will be offset by continued thirst for new sources of clean energy in both China and the U.S.

Wedged in by people filling Suntech's booth at the San Diego solar conference, Efird looks around the hall. "There's not a person in this room who has a module for sale between now and the end of the year. It's all sold out," he says. "What people forget is that there are hundreds upon hundreds of solar projects, in the U.S. in particular, sitting on the shelf waiting for the right economic moment." Efird believes that moment is coming next year.

To hedge its bets, Suntech, like its competitor SunPower, is moving up the food chain, selling power directly to commercial customers. That's not Suntech's only hedge. The company has invested tens of millions to lock in the price of silicon over the next five to ten years, betting that demand will rise and prices eventually will trend up. Competing manufacturers without Suntech's resources will have to face the vagaries of the spot market for silicon in years to come. Of course, if silicon prices drop - new capacity is coming onstream - the move could prove a costly mistake for Suntech.

Suntech's share price has fallen from a 52-week high of $90 in January to $18 in mid-October. It looks cheap, with a current P/E of 17 and a forward P/E of 9. This year's sales, stemming mostly from its business in Asia, are estimated to clock in at $2.1 billion, up 62% over 2007, rising to $3.2 billion in 2009, as it pushes hard in the U.S. Earnings per share are projected to go from $1.67 this year to $2.50 next.

The shares of even the best solar companies have fallen on hard times. Yet for anyone who believes that the world is destined to move away from a carbon-based economy, investing in this nascent industry, at least in the long term, may very well be a move you won't regret.