The stock market is taking it on the chin today after multiple earnings disappointed investors. DuPont saw one of the biggest drop today after reporting their earnings. DuPont saw its profit fall short of estimates and announced they will be cutting 1,500 jobs as part of a cost cutting move. DuPont shares have been down as much as 9% today. 3M reported earnings that met expectations, but revenue was a bit lighter than expected sending shares down more than 3%. [Read more...]
About Kyle Pinder
Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.
Microsoft Sees Price Target Cut by Barclays
October 19, 2012 By Leave a Comment
Ahead of the Windows 8 launch, Barclays Capital cut its price target to $34 from $36. Barclays did maintain its equal weight rating on the stock though. Other analysts are keeping their rating the same for right now as they wait and see how the Windows 8 launch performs. Many are calling this the biggest product refresh in Microsoft’s history.
Yesterday, Microsoft reported earnings and saw a more than 20% drop in profit due to a weakening PC market. Tablets have really taken a big piece of the PC market and Microsoft is fighting back with its upcoming release of its Surface tablet. [Read more...]
CLWR Leads These Nasdaq Stocks Lower: ISIS, OCZ, PACB, DVAX, SVNT
October 16, 2012 By Leave a Comment
Clearwire Corporation (NASDAQ:CLWR) is down 11.52% this morning at $2.38. CLWR has traded 34.9 million shares so far today, well above its daily average of 16.6 million shares. CLWR shares are tumbling today on news that Sprint does not plan to buy Clearwire. The company has a market cap of 1.27 billion.
Isis Pharmaceuticals, Inc. (NASDAQ:ISIS) is down 12.70% today at $11.48. ISIS has traded 5.9 million shares this morning, more than 4 times its daily average. ISIS shares are down today after regulators raised concerns about abnormal growths linked to the company’s drug, Kynamro. The company has a market cap of 1.18 billion. [Read more...]
Nasdaq Turns Negative on Day, Nasdaq Stocks Selling Off: DCTH, AMED, IMOS, AGNC, MTGE, SRPT
October 15, 2012 By Leave a Comment
The Nasdaq is turning lower this morning as Apple (NASDAQ:AAPL) weighs it down. AAPL is down about 10% from its over $700 highs in September. Apple isn’t the only Nasdaq stock heading lower today, let’s take a look at six more that are struggling.
Delcath Systems, Inc. (NASDAQ:DCTH) is down 18.18% today at $1.71. DCTH has traded 3.2 million shares so far today, well above its daily average of 1.05 million shares. Delcath said today the FDA has accepted its cancer treatment system for a standard review. Delcath said that the review should be completed within 10 months of submission. The company submitted the application on Aug. 15. The company has a market cap of 111.80 million. [Read more...]
Hot Stocks to Watch: NINE, NPSP, GLUU, SCMR, JBHT, MMR
October 12, 2012 By Leave a Comment
Ninetowns Internet Technology Group Company Limited (NASDAQ:NINE) is up 73.22% today at $1.8708. NINE has traded 301 thousand shares this morning, way above its daily average of 2 thousand shares. Ninetowns announced this morning it received a going private proposal between $1.80 – 2.00 a share in cash. The company has a market cap of 71.32 million.
NPS Pharmaceuticals, Inc. (NASDAQ:NPSP) is up 14.57% this morning at $10.46. NPSP has traded 3.9 million shares so far today, 4 times its daily average. NPSP shares are up today after a FDA panel was “in general agreement” with NPS on its short bowel drug. The company has a market cap of 916.98 million. [Read more...]
These NASDAQ Stocks are Falling: PRSS, OTT, KITD, VOXX, BSDM, INVE
October 11, 2012 By Leave a Comment
CafePress Inc. (NASDAQ:PRSS) is down 12% today at $6.60. PRSS has traded 126 thousand shares so far today, above its daily average of 91 thousand shares. CafePress announced yesterday it will acquire EZ Prints. The company also sees its third quarter revenue at the midpoint of previous guidance of $42.5-45.0 million. The company has a market cap of 115.78 million.
Otelco Inc. (NASDAQ:OTT) is down 6.45% today at $2.61. OTT has traded 387 thousand shares this morning, well above its average daily volume of 263 thousand shares. OTT shares are pulling back some after the stock jumped from $2 to $3 earlier this week. [Read more...]
Gold Prices Lower as Market Sells Off, Gold Stocks to Watch: KGC, AUY, ABX, SAND, GG, GFI, NG
October 9, 2012 By Leave a Comment
Gold prices are trading about $9 lower today as the market sell off speeds up. Investors are keeping a close eye on Europe as they wait to see if Spain will request a bailout or not. The dollar has been gaining some against the euro today which has kept gold prices down also. The market will be busy this week as earnings season officially kicks off with Alcoa reporting after market close.
Let’s take a look at how gold stocks are reacting to the slight weakness in gold prices in midday trading. [Read more...]
Futures Flat as Investors Eye Earnings Season, Stocks to Watch: NOK, VRNG, F, AAPL, LLY, NFLX
October 9, 2012 By Leave a Comment
Earnings season coupled with the IMF sounding the growth alarm has stock futures drifting an hour before the open. Escalating tensions between Turkey and Syria are also causing investors to pause. Alcoa’s earnings after the bell will be the tone setter for the rest of the week. The Dow is slightly negative, while the S&P and Nasdaq are each posting small gains in the pre-market session.
The IMF’s global growth report slashed forecasts for 2012 and 2013. It also included the warnings that growth would further be hampered unless the US gets a hold of the impending fiscal cliff and the EU get its act together in regards to the ever present debt crisis.
Stocks in Europe were edging lower on due to a meeting in Luxembourg by EU finance officials. Some investors are wondering if Spain will submit a formal bailout request today. Most observers think that is unlikely though SPain’s cash position is tenuous at best.
In commodities, gold and oil are both higher in morning trading. Oil is riding the geopolitical tensions out of the middle east and is up a dollar a barrel to just over $90. Gold futures are essentially flat, up ninety cents to %$1776.60 per ounce. [Read more...]
After Hours Winners and Losers for October 8: FCEL, FTK, HPY, EW, AEZS, MM
October 8, 2012 By Leave a Comment
FuelCell Energy Inc. (NASDAQ:FCEL) is up 3.43% in after hours trading at $0.9112. FCEL shares ended regular trading down about 3% at $0.88 with 414 thousand shares traded. Fuel Cell announced on October 3 they were awarded a $6 million Department of Energy contract to continue development of stationary solid oxide fuel cell power plants. The company has a market cap of 163.58 million.
Flotek Industries Inc. (NYSE:FTK) is up 6.03% in after hours trading at $12.03. FTK traded 1.1 million shares today as it closed regular trading at $11.36. FTK shares have had a rough few days as it has fallen from $13 a share to below $11.50. The company has a market cap of 564.44 million. [Read more...]
Nasdaq Stocks Falling in Early Trading: REGI, PRGS, OCLR, NTSP, UPIP, ARRY
October 8, 2012 By Leave a Comment
Renewable Energy Group, Inc. (NASDAQ:REGI) is down 21.35% today at $5.60. REGI has traded 498 thousand shares so far today, way above its daily average of 153 thousand shares. REGI shares are falling today after lowering guidance for third quarter. Renewable Energy Group now expects to report a loss of $2 to $7 million, versus a gain of $10 to $15 million. The company has a market cap of 160.83 million.
Progress Software Corp. (NASDAQ:PRGS) is down 12.80% today at $18.73. PRGS has traded 1.2 million shares so far today, four times its daily average. PRGS shares are falling today after the company said its CEO will resign and that revenue may fall. The company has a market cap of 1.19 billion. [Read more...]
Jobs Data Sends Market Higher, Hot Stocks: PPP, LPHI, SNSS, XNPT, WETF, PAY
October 5, 2012 By Leave a Comment
Stocks are up today with the Dow hitting multi year highs thanks to an unexpected drop in the unemployment rate. According to the Labor Department, employers added 114,000 jobs in September with the unemployment rate dropping to 7.8%. This is the first time the unemployment rate has dipped below 8% in nearly 4 years. The jobs number slightly exceeded expectations with economists forecasting 113,000 jobs in September.
The major stock averages are reacting positively to the news with the Dow up 54 points, the Nasdaq up 9 points and the S&P 500 up 5 points. [Read more...]
Market Up Slightly On Positive ISM Numbers, Stocks to Watch: BIOL, OCN, BLRX, ITMN, NFLX, SSYS
October 3, 2012 By Leave a Comment
The market managed to get out of negative territory in morning trading thanks to better than expected ISM numbers. The ISM’s non-manufacturing index climbed to 55.1 in September, about 2 points higher than what economists had expected. Private sector employment also saw a better than expected jump in last month with employers adding 162,000 jobs. Most economists were expecting private sector employment to add 143,000.
The major stock averages are up slightly after being negative earlier today. The Dow is up 3 points, the Nasdaq is up 7 points and the S&P 500 is up 1 point. [Read more...]
