A Bright Idea

With little progress to end the government shutdown over the weekend, it looks like the stalemate in Washington will continue this week. That weighed on equity futures overnight and pointed to the stock market starting the week in the red.

But some weekend reading revealed a potential bright spot for investors, despite the Washington gloom. I'm referring to Wal-Mart (WMT) unveiling a new line of LED bulbs under its in-house Great Value brand. The light bulbs start at under $9 and are priced even lower than Cree's (CREE) $13 60-watt "warm white" LED bulb, which can be found at Home Depot (HD). Aside from its own LED offering, Wal-Mart is also offering a new dimmable General Electric (GE) LED bulb for under $11. Not to be outdone, Cree recently introduced a new generation of LED light that it said is 78% smaller than a previous design but offers the same level of brightness. That news awarded CREE shares an upgrade from Canaccord Genuity, as well as an upsized price target to $80 from the its prior $65 target. ...273 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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