Stocks

Stock Market Today Down Slightly, Afternoon Movers: TOPS, INTU, WFT, INTC, ALU, WMT, C, CHK

February 22, 2012 By Leave a Comment

list of nasdaq stocksThe market is seeing something it hasn’t seen in a while, a boring day. Stocks are down slightly in afternoon trading as investors pause on what may be the best two month start for stocks since 1991. Concerns over Europe could be the main cause for this lull as investors continue to wonder what will happen in the EU. Greece received approval for its second bailout package earlier this week, but it remains to be seen if the country will go through with agreed austerity measures following elections in April.

In the last hour of trading the Dow is down 23 points, the Nasdaq is down 12 points and the S&P 500 is down 3 points. [Read more...]

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Credit Card Numbers Increase. Stocks to Watch – AXP, V, MA

February 22, 2012 By Leave a Comment

Stock Market NewsLooks like the American consumer is making a return. And not with the money stuffed in the mattress. Card issuers were more than eager to take advantage of the American consumer returning to the stores. The number of cards issues jumped 14% in 2011 to about 42 million.

In addition to the new cards being issued, the annual rate of Americans failing to pay their credit card bills has dropped to the lowest rate since 1995. It should be noted there was a sequential increase of delinquencies from the third to fourth quarter. The increase of 5% was not big enough to effect the overall decline.

Among analysts there is a hope that this is signalling the end of the unwind of the riskier accounts and now consumers are on a healthier credit footing. One worry for consumers is the rise in gas prices. This could put renewed pressure back on household finances leading to a rise in delinquencies. [Read more...]

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Stocks Trading Lower In Midday Trading: CETV, MTSN, NFX, CELL, HDY, RDN

February 22, 2012 By Leave a Comment

stock market todayCentral European Media Enterprises (NASDAQ:CETV) is down 18.12% in midday trading at $6.95. CETV has traded 1.4 million shares at midday, more than 3 times its daily average. CETV shares are tumbling today after its quarter loss widens. The company’s net loss was $77.2 million. The company has a market cap of 450.75 million.

Mattson Technology, Inc. (NASDAQ:MTSN) is down 15.36% today at $2.70. MTSN has traded 1.4 million shares so far today, above its daily average of 487 thousand shares. Mattson released its annual report earlier this morning. The company has a market cap of 157.93 million. [Read more...]

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Stock Market Lower, Early Winners: HCKT, FIRE, FCEL, CHS, THLD, BRCD

February 22, 2012 By Leave a Comment

Bull outside NYSEPrivate sector data in the euro zone dropped unexpectedly in February according to the preliminary Markit Purchasing Managers Index released today. The index reading for the month was 49.7, down from 50.4 in January. Any reading below 50 is seen as contraction in private sector activity. Economists were expecting the index to rise to 50.4. Many economists believe that this dip in the private sector is further proof that Europe may be falling back into a recession. In other news, Fitch cut Greece’s rating again and says a default in the near future is “high likely.” Stocks opened lower this morning and are still trading slightly lower 30 minutes into the trading day. The Dow is down 7 points, the Nasdaq is down 5 points and the S&P 500 is down 2 points.

The Hackett Group, Inc. (NASDAQ:HCKT) is up 21.96% in early trading at $4.72. HCKT shares are rallying today after the company released fourth quarter results yesterday and announced a $55 million stock repurchase tender offer. HCKT has traded 612 thousand shares so far today, well above its daily average of 86 thousand shares. The company has a market cap of 191.07 million. [Read more...]

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Stock Futures Flat On Lack Of Data. Stocks to Watch: GRMN, YNDX, GNOM, CSIQ, URBN, DELL, BAC

February 22, 2012 By Leave a Comment

Stock FuturesInvestors are taking a breather this morning as they await fresh economic data to propel the market one way or another. An unexpected business activity contraction in the EU helped erase modest gains in the futures. Currently the Dow futures are down 8 points to 12,937. Nasdaq 100 futures are off 2.50 points to 2,589. The S&P 500 futures are rounding out the modest losses, down 1.50 points to 1,358.50.

Overnight, Fitch downgraded Greece from C to CCC. This signaled that they expect an imminent default. Even with the debt swaps, the country will be in the technical definition of a restricted default. Once the swaps are complete, Fitch will re-rate the country based on its creditworthiness post-default.

The rally on Wall Street seems to be losing forward momentum after the Dow failed to crack 13k with any real conviction. Most analysts think market participants are fully invested now, and that the street needs a new economic catalyst to keep the rally sustained. [Read more...]

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Stocks Finish Flat and After Hours Movers

February 21, 2012 By Leave a Comment

Image of the NasdaqStocks finished mostly flat today as investors took the opportunity to lock in some profits following news of a deal for Greece’s second bailout package. EU finance ministers finished a 130 billion euro for Greece. Private bondholders agreed to take a greater loss and the government in Greece agreed to deeper cuts. There is a lot of skepticism going around though as investors wonder how long before Greece is a problem again.

Oil prices continue to rise as well which can have even greater implications such as slowing down the U.S. economic recovery. Oil closed at $105.50 a barrel today as investors eye developments in Iran.

In after hours trading, Dell and Chesapeake Energy are in the spotlight after releasing earnings. [Read more...]

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Afternoon Movers Heading Into Close: PWAV, AA, F, MGM, CHTP, LCC

February 21, 2012 By Leave a Comment

Wall StreetPowerwave Technologies, Inc. (NASDAQ:PWAV) is up 24.84% in afternoon trading at $1.4107. PWAV is up on heavy volume today with 2.3 million shares traded, well above its daily average of 609 thousand shares traded. PWAV shares are bouncing back today after the stock fell from $1.60 to $1.10 over the past week following fourth quarter results. The company has a market cap of 43.72 million.

Alcoa Inc. (NYSE:AA) is up 2.36% today at $10.39. AA has traded 22.3 million shares so far today and trades 28.3 million shares a day on average. AA shares are up about $1 on the year. The company has a market cap of 11.07 billion. [Read more...]

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4 Hot Penny Stocks Dominating The Market – NSRS, ATRN, HRAL, ATTD

February 21, 2012 By Leave a Comment

penny stocksWhile the broader market has lacked volatility, penny stocks make their living off whipsawing between positive and negative territory. The broader market has been flirting with Dow 13k all morning on the heels of a possible Greek deal. In the penny stock world, pumps and dumps continue to rule the day. Here are 5 making moves today.

North Springs Resources Corp. (OTC:NSRS) was once the darling of the penny stock promotion world. Down 12% today, the stock is reeling from its dump that started earlier this month. The stock is a cautionary tale for traders out there looking to play the penny stock promotions. Never shoot for the home-run. [Read more...]

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Midday Movers for 2/21: PBH, SSN, HL, ALU, FTR, WFT, DAL, CIE, UAL

February 21, 2012 By Leave a Comment

Floor of the NYSEStocks have turned positive in midday trading after being briefly negative earlier today. The Greek bailout and earnings are sending the major indices higher today. The Dow continues to trade close to the 13,000 mark. The last time the Dow was that high was in May of 2008, before the financial crisis sent the U.S. economy spiraling out of control.

Prestige Brand Holdings, Inc. (NYSE:PBH) is up 19.74% today at $16.17. PBH has traded 4.6 million shares so far today, way above its daily average of 260 thousand shares. PBH are rallying today after Genomma Lab announces non-binding proposal to acquire Prestige Brand Holdings for $16.00 a share in cash. The company has a market cap of 816.58 million. [Read more...]

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6 Nasdaq Stocks Heading Higher This Morning: GURE, FFN, SVNT, ASIA, WETF, JASO

February 21, 2012 By Leave a Comment

Nasdaq stocksGulf Resources, Inc. (NASDAQ:GURE) is up 17.56% this morning at $3.08. GURE shares are up today on news that the company’s chairman is considering privatization option. GURE has traded 755 thousand shares so far today. Shares of the company were down about $0.20 over the past week before today’s big move. The company has a market cap of 107.52 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 12.88% today at $2.63. FFN is up on heavy volume today with 751 thousand shares traded. The stock typically trades about 600 thousand shares a day on average. FFN shares continue to extend its rally this year and is up more than 200% since late January. The company has a market cap of 84.60 million. [Read more...]

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Greece Deal Fails to Rally Market In Early Trading

February 21, 2012 By Leave a Comment

Wall StreetAll signs were pointing to a rally today as EU finance ministers finalized Greece’s second bailout package late last night. It looks like the deal has been met with skepticism as investors wonder what will happen after elections in Greece this spring. Stocks have already seen a good first month and a half of 2012, we could be seeing some profit taking today as well. Right now the Dow, Nasdaq and S&P 500 are up a fraction of a percent.

Earnings continue to come out at a brisk pace this week. Home Depot, Wal-Mart, Kraft and Macy’s are just a few of the companies that have already reported today. [Read more...]

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Stock Futures Mixed On Greek Deal. Stocks to Watch: CORT, THLD, WYNN, NFLX, GTXI, HD, WMT

February 21, 2012 By Leave a Comment

Stock FuturesFutures are rather subdued on news this morning that the second Greek bailout agreement has been reached. It may be that the market is treating any such deal with skepticism because it will only lead to a third. Wal-Mart’s 15% drop in 4th quarter profit is also keeping the market from pushing substantially higher. Dow futures are currently up 26 points to 12,955. Nasdaq 100 futures are down half a point to 2,582. The S&P 500 futures are up a point to 1,360.

After a 13-hour meeting in Brussels, EU and IMF officials finally came to an agreement to provide Greece with a 130 billion Euro bailout package. They also secured agreements in which Greek debt holders would undergo a 53% write-down. This tops the initial 50% agreement reached last October. The question now is will this work?

Judging by the austerity measures they have to institute, signs point to no. If your goal is to reach certain budgetary targets, destroying your workforce is awfully strange way of getting there. Plus with Greek elections in a couple of months it is unlikely that the next group of leaders will feel obligated to stick to the plan. [Read more...]

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