Shares of SunPower (SPWR) are down 70% over the past 12 months and on Wednesday reported a deeper than expected loss of $0.64 a share, while analysts had expected $0.46. But analysts say the company can move onto the right track if it focuses on residential solar power. The company's fourth quarter residential deployments of 94 megawatts rose 13% year over year. Credit Suisse analysts are calling for 366 megawatts of residential deployments for 2017. Still, there are uncertainties surrounding the renewal of the U.S. solar investment tax credit.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.