Shares of LED lighting leader Cree (CREE +6.3%) pop on an AP report that China will phase out...

|By:, SA News Editor

Shares of LED lighting leader Cree (CREE +6.3%) pop on an AP report that China will phase out incandescent light bulbs within five years. China will ban imports and sales of 100-watt and higher incandescent bulbs from Oct. 1, 2012, the country's main planning agency says. Related stocks: LEDS +8.1%, VECO +7.1%, AIXG +2.7%.