Nine Key Stocks Bucking The Selling (AWK, AVT, CLWR, CREE, DMD, EPD, FSLR, HI, RL)

American Water Works Company, Inc. (NYSE: AWK) has no news, but after its drop went to under 10% investors have decided that the greatest water stock in America should be close to immune to Euro-woes.  Shares are up 1.9% at $28.14.

Avnet Inc. (NYSE: AVT), the memory and storage distribution supermarket, is up after beating earnings and after announcing a $500 million share buyback even if guidance seems a tad soft. Shares are up 6.7% at $27.22.

Clearwire Corporation (NASDAQ: CLWR) is still an at-risk company, but naming a new CEO gives investors hope of a turnaround.  Erik Prusch was Clearwire’s chief financial officer from mid-2009 to March 2011

Cree, Inc. (NASDAQ: CREE) is bouncing big after earnings, even though guidance looked a bit light last night.  Canaccord Genuity raised the rating to BUY on value with a $39 target.  Shares are up 18% at $34.91 in mid-afternoon.

Demand Media Inc. (NYSE: DMD) is up over 5% at $9.46 after securing its Google pact.  Even though terms are not disclosed, this kills the fears that Google will treat it as a content farm.

Enterprise Products Partners LP (NYSE: EPD) is one of the largest MLP investment vehicles out there with a $36 billion market cap.  The new no-rate environment is forcing investors to look at yield, even if it means a ‘return of capital’ in many cases.  Enterprise is up 5% at $42.85 and its implied ‘yield-equivalent’ is about 5.6% if the last payout remains static.

First Solar, Inc. (NASDAQ: FSLR) owes Jefferies a free round of solar panels after Jefferies raised the rating to BUY with a $132 price target based upon cheap valuations.  First Solar shares are up 5.7% at $105.45 on the day.

Hillenbrand, Inc. (NYSE: HI) is up despite having just missed earnings estimates on Monday.  Funeral products, caskets, and other death products must be getting new clients as investors grow worried.  Shares are up 4.8% at $19.34.

Polo Ralph Lauren Corp. (NYSE: RL) is up 7% at $128.37 after beating earnings expectations and even raising its guidance.

JON C. OGG