Martin Stephenson

Penny Stocks Trading Higher in Mixed Market

April 16, 2012 By Leave a Comment

Wall StreetA mixed bag on the street. Lowered expectations for Citi had the company beating the lowered bar. The company has had pretty much every advantage via bailouts etc and still has a flat quarter. Sellers have targeted Apple today which is dragging the Nasdaq lower.

In penny stocks you are starting to hard the rumblings of the next big promotional stock. Whether or not it goes for the moon like LEXG or crashes and burns like the others remains to be seen. The timetable for it is still unknown but the chat-rooms and message boards are abuzz with ‘soon’. [Read more...]

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Silver Prices Choppy as Market Whipsaws. Silvers Stocks to Watch

April 16, 2012 By Leave a Comment

Gold and silverThe broader market is giving up early gains as the NY manufacturing index moved markedly lower. Sellers also moved in on Apple driving it down 3%. The tech stock weight in in the Nasdaq is dragging the entire index lower on the day. Silver is following the erratic action as it gave up early gains to head lower on the strengthening dollar.

The silver spot price is currently down 7 cents to $31.43 per ounce. [Read more...]

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NYSE Stocks Following the Market Lower: TLB, SNE, ODP, STM, HOV, IVN

April 13, 2012 By Leave a Comment

Investors at the NYSEThe Talbots Inc. (NYSE:TLB) is down 9.28% today at $2.8395. TLB has traded 1.5 million shares so far today, double its daily average volume. TLB shares are down today after the company’s first quarter forecast fell short of estimates. The company has a market cap of 198.12 million.

Sony Corporation (NYSE:SNE) is down 7.05% this morning at 17.41. SNE has traded 1.5 million shares so far today, above its daily average 1.4 million shares. SNE shares have fallen nearly $3 a share this week. The company has a market cap of 17.44 billion. [Read more...]

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Stock Futures Pull Back on Chinese Data. Stocks to Watch

April 13, 2012 By Leave a Comment

Wall Street signIf investors were looking for a continuation of winning sessions, the futures are not helping matters. Chinese data coupled with bank earnings are helping drive the market lower in pre-market trading. Dow futures are down 63 points to 12,887. Nasdaq and S&P futures are also negative, down 12 and 7 respectively.

GDP numbers out of China overnight saw the country growing at a 8.1% pace. This was below the consensus expectation of 8.3%. This marked the slowest pace in growth in 11 quarters for the country.

The numbers out of China had a cascading effect on European markets. The EU also had to digest the news that Spain sharply increased its borrowing from the ECB in March.

In earnings news, the banking sector kicked it off this morning with beats. Wells Fargo & Company (NYSE:WFC) reported better than expected earnings. While JPMorgan and Chase (NYSE:JPM) saw profits decline, it was not as bad as predicted by many analysts. This was due in part to their lending arm. [Read more...]

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Silver Prices Jump on QE3 Rumor. Silver Stocks on Watch

April 12, 2012 By Leave a Comment

Gold and silverAfter a lackluster jobs report it did not take long for the rumor mill to get cranked up. This time it was all about QE3. The silver bull’s dream policy. The questions that remain outstanding are what is the catalyst to cause it and what shape it would take? Silver prices have been drifting all over a range in recent weeks as external forces pulled them in differing directions. Today it seems investors are looking to hedge their bets on a possible downturn in the labor market.

Currently, the silver spot price is up 76 cents to $32.37 per ounce. [Read more...]

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6 Penny Stocks Rallying Alongside the Market

April 11, 2012 By Leave a Comment

Wall StreetAfter five days of declines the market bounced back today thanks in part to Alcoa’s stellar earnings. Yesterday, Alcoa posted first quarter earnings of $0.10 per share, beating analysts estimates of a $0.04 loss. Worries over Europe have subsided somewhat today as borrowing costs in Italy and Spain fell. Investors will be keeping an eye on Italy’s bond auction on Thursday as well.

With two hours left in trading the Dow is up 126 points, the Nasdaq is up 30 points and the S&P 500 is up 14 points. [Read more...]

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Gold Prices Fall Slightly as Market Rebounds, Gold Stocks to Watch

April 11, 2012 By Leave a Comment

Gold pricesThe price of gold is down a little bit this morning as stocks bounced back sharply today after seeing their biggest one day decline of the year yesterday. Alcoa posted their earnings yesterday after market close and beat expectations.

Worries over Europe were also eased somewhat this morning as borrowing costs in Spain and Italy fell. Investors will be keeping a close eye on upcoming elections in Greece and France as opposition candidates have taken stances against European bailouts.

Gold prices are currently down $1.70 at $1,658.90. [Read more...]

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6 NASDAQ Stocks Dipping Today: TRGT, ARNA, OPTR, HALO, SWHC, SIRI

April 10, 2012 By Leave a Comment

Nasdaq StocksTargacept, Inc. (NASDAQ:TRGT) is down 12.37% today at $4.25. TRGT has traded 1.2 million shares so far today, double its daily average. TRGT shares are tumbling today after the company reports error in asthma study. The company has a market cap of 141.93 million.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is down 3.69% in early trading at $3.0050. ARNA has traded 8.8 million shares so far today, above its daily average of 7.8 million shares. ARNA shares are falling as investors react to the FDA decision delay of Vivus’s obesity drug. The company has a market cap of 545.24 million. [Read more...]

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Gold Prices Surrender Gains as Fed-Induced Rally Wanes, Gold Stocks to Watch

April 10, 2012 By Leave a Comment

Gold pricesGold prices are back into their drifting mode after surrendering their gains from yesterday and earlier this morning. Bernanke’s speech last night gave no indication of further easing right around the corner. This has led the metal to sell off into the morning trading hours, flipping from green to red.

Traders seem to be waiting for actual action on the QE for stimulus front before jumping back in. They have been caught on the wrong side of the trade with all the QE3 on/off talk. Now it boils down to ‘Show them the money’ before they move back into risk assets such as gold.

Gold is currently down on the day, dropping over $4 per ounce to 1,636.90. [Read more...]

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After Hours Report for April 9

April 9, 2012 By Leave a Comment

Wall StreetThe market got its first chance to react to the jobs report today. To put it mildly it was a negative reaction. Out of the gate the major indices hit session lows and stayed there the whole day. One silver lining was that volume was light so it was not as if everyone hit the panic button and ejected out of the market.

Earnings season gets started tomorrow so that should give guidance to investors on the trajectory of the recovery. All eyes will be on Alcoa when they report tomorrow.

One news piece to watch tonight is the scheduled speech by Ben Bernanke in Georgia. Investors should watch for any hints on further easing.

The Dow finished the day down 131, the Nasdaq was off 33 and the S&P gave up 16 points. [Read more...]

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Gold Prices Stabilize on Weak Jobs Report, Gold Stocks to Watch

April 9, 2012 By Leave a Comment

Gold pricesAfter trading without direction for the past few weeks, it may be that Gold investors got the catalyst they wanted. An underwhelming jobs report. With the market closed last Friday for the Easter holiday, the market got its first chance to react this morning. and react it has. The broader markets are tumbling, while gold prices trend higher.

One event to watch closely is a scheduled speech by Ben Bernanke in Georgia this evening. One has to wonder if the QE3 carrot will be dangled a bit closer after the jobs report and the negative reaction on wall street.

Gold prices are currently up just over $15 to $1,646 per ounce. [Read more...]

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After Hours Trading Report for April 5

April 5, 2012 By Leave a Comment

Wall StreetNo Easter eggs today. The market was a mixed bag as investors seemed to be looking forward to three days off. The Jobs report showed continued growth, though it is being tempered by the upward revisions the week prior to account for the drops. All indications point toward a solid NFP number tomorrow.

Europe is where the problems lay. Most analysts see a lot of turmoil coming down the pipeline again with Spain and ITaly taking center-stage. Spain’s bond yields continued to climb today after their poorly received bond auction yesterday. What type of spillover effect Europe could have in a worst case scenario is unknown at this point as the EU, ECB and IMF will have to huddle up again to figure out another band aid.

The Dow finished the day down 15. The Nasdaq added 12, while the S&P was essentially flat, down a point. [Read more...]

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