Brett Owens submits:

Today, US stocks were not successful in issuing a counterpunch to yesterday’s bloodbath, when there were 11 stocks down for every 1 up. Stocks staged a meager rally after opening – only to swoon late and close at new lows for 2010.

As you can see from the chart below, the S&P 500 peaked in late April. Since then, it’s formed a series of "lower highs, and lower lows" – in the meantime, wiping out all of stocks’ gains for 2010, and then some.

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Tom Lydon submits:

Not everyone is getting hurt in the market’s volatility. In fact, the world’s largest gold ETF is marking a major milestone as a result of it.

SPDR Gold Shares (GLD), the ETF backed by physical bullion, recently surpassed $50 billion in assets. Several factors have contributed to the spike in assets: concerns over the eurozone sovereign debt crisis, fears of a double-dip recession, possible inflation worries and a need for a general safe haven for assets.

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,a href=’http://www.dominoanalytics.com/’>Brian Coleman submits:

We have recently completed teardowns of the AT&T (T) USBConnect Lightning (manufactured by Sierra Wireless) and Nokia’s CS-18 USB modem in order to confirm our suspicions that Quicklogic (QUIK) had silicon content in each of these designs. Our efforts paid off as we unearthed the company’s CSSP products in both of these potentially high-volume devices.

Today we turn our attention and mini-screwdrivers—and if that fails, a hammer—to Vodafone’s (VOD) Mobile Broadband USB Modem otherwise known as model K3805-Z. This device is manufactured by one of China’s heavyweight telecom equipment vendors, ZTE (ZTCOF.PK). The implications for Quicklogic, a microcap stock, potentially having its cart tied to telecom horses such as ZTE and Vodafone (on top of having already confirmed AT&T, Sierra Wireless (SWIR) and Nokia (NOK) as down channel partners) really requires no further elaboration. Since in the case of a teardown report a picture really is worth a thousand words, let’s go to the pictures. The full teardown report is available for download at Domino Analytics.

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Neal Dikeman submits:

For those of you interested in the sector under the sector in electric vehicles, the guts of Li-Ion battery technology, the week just got more interesting than an overpriced, over hyped Tesla IPO.

Check out a very quiet unannouncement in A123’s SEC filings noting a multi-year supply deal with ConocoPhillips’ (COP) Cpreme, the emerging leader in anode materials for Li On batteries. The technology is a processing technology to make high performance graphite based powders out of plain old petroleum coke materials, that has the potential to be very low cost at scale. A123 has announced supply deals in the past with Navistar (NAV), Fisker, Eaton (ETN), Think, the Chevrolet Volt and a number of others.

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Joel West submits:

Yesterday was a great day for Tesla Motors and its CEO Elon Musk. Both got tons of favorable publicity — opening the NASDAQ market Tuesday morning — and wads of badly needed cash as the company enjoyed a wildly successful IPO.

By any measure, the IPO was a huge success:

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Green Chip Review submits:

by Nick Hodge

For all the perceived evil, you have to give them credit… Goldman Sachs (GS) knows how to make money — lots of it. In fact, they are so good at making money — for themselves and their clients — that for years they’ve been referred to in financial circles as ‘Golden Slacks’.

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Wall Street Cheat Sheet submits:

By Elliot Turner

Risk aversion was the name of the game yesterday with Treasuries and the dollar rallying and just about every other asset class taking a beating. Meanwhile, electronic carmaker Tesla (TSLA) debuted to much fanfare in the green space and skepticism on Wall Street and closed the day with a market capitalization of $2.2 billion.

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SeekingValue submits:

Myriad Genetics (MYGN) has been a Magic Formula stock for a while, and it keeps showing up in one of my Zack’s screens (high current ratio, low P/E, trading near 52-week low), but I’ve always ignored it. I vaguely knew that they lost a patent case recently, so I figured the "bargain" the screens were turning up was bogus. For whatever reason, I finally decided to take a look last week, and I’m glad I did.

First, the boilerplate description of the business:

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Jeb Handwerger submits:

Stocks went down sharply yesterday on concerns over consumer confidence and indications that show that the economy is stalling in China. China has been a leading market in this recovery and its bull market has helped the price of industrial metals and base metals.

Over the past few weeks I have highlighted that the market has given signs of a major deflationary crisis and economic slowdown. Yesterday these signs became apparent with a significant sell off on high volume and a break into new lows for the S&P 500 and Nasdaq.

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Mark O’Byrne submits:

Gold: Risk aversion led to falls in equity and commodity markets yesterday but gold again managed to eke out a 0.5% gain. The complacency of recent months is being challenged by a raft of negative data and by increasingly precarious fundamentals. Concerns about Chinese and global economic growth and about the European banking system and sovereign debt are leading to continuing diversification into gold.

Gold is currently trading at $1,244/oz and in euro, GBP, CHF, and JPY terms, at €1,013/oz, £828/oz, CHF 1,344/oz, JPY 110,343/oz respectively.

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