Stocks

Jobs Report Shows 171,000 New Jobs, Rate Slightly Higher at 7.9%

November 2, 2012 By Leave a Comment

Wall StreetThe stock market is set to open higher today on news that 171,000 jobs were added in October. The unemployment rate did rise slightly to 7.9% though. This increase in the unemployment rate can be attributed to more people coming back into the jobs market looking for jobs. Economists were only expecting about 125,000 new jobs after September’s 114,000 figure.

The services sector made up much of the jobs figure, accounting for 150,000. Government employment rolls saw a 13,000 decrease. according to the Labor Department. The improving economic reports across the board have investors and analysts optimistic about the upcoming holiday season, which usually sees a huge increase in seasonal hiring. [Read more...]

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Stocks Rally on New Home Sales Report, Stocks to Watch: SEH, FB, LL, RFMD, PLCM, MNST

October 24, 2012 By Leave a Comment

Wall StreetStocks are up this morning thanks to a better than expected home sales report and a few positive earnings reports. New home sales jumped 5.7% in September to a seasonally adjusted rate of 389,000. Economists were expecting a rate of 385,000 units.

Boeing shares are up today after posting earnings that beat expectations and revenue that met expectations. Boeing also announced an upbeat forecast for the full year. Facebook is one of the biggest gainers on the market today with shares up more than 20% after the company reported revenue jumped 32% thanks to gains it has made in the mobile arena.

In late morning trading, the Dow is up 47 points, the Nasdaq is up 6 points and the S&P 500 is up 3 points. [Read more...]

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Stocks Down Big on Multiple Earnings Reports

October 23, 2012 By Leave a Comment

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...]

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Nasdaq Stocks Heading Lower This Morning: ZN, AVID, AMRS, FDML, SVNT, ALXN

October 22, 2012 By Leave a Comment

Zion Oil & Gas, Inc. (NASDAQ:ZN) is down 13% this morning at $1.94. ZN has traded 308 thousand shares so far today, well above its daily average of 103 thousand shares. ZN shares are down today after Zion announced it reduced the exercise price of outstanding warrants. The company has a market cap of 56.75 million.

Avid Technology, Inc. (NASDAQ:AVID) is down 12.73% today at $7.13. AVID is trading above average volume in early trading with 210 thousand shares. AVID trades about 180 thousand shares a day on average. AVID shares are falling today after third quarter warning. The company has a market cap of 275.79 million. [Read more...]

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Stocks Flat as Earnings Season Continues, Stocks to Watch: SVU, PGRX, BTU, GURE, VOLC, ACI

October 22, 2012 By Leave a Comment

Stocks are trading mostly flat this morning as investors digest more earnings. Caterpillar reported earnings that beat expectations, although revenue fell short. The construction equipment maker also cut its full year guidance. Caterpillar was trading lower in pre market, but has managed to turn positive this morning and is currently up about 1%. Yahoo and Texas Instruments are two companies investors will be watching closely today as they post their earnings after the market close.

In Europe, rumors continue to circulate on when exactly Spain will ask for a bailout. The country’s prime minister clinched election victory in his home region, which many see as a hurdle towards Spain requesting a bailout.

The major stock averages are trading mostly flat this morning with the Dow down 8 points, the Nasdaq up 4 points and the S&P 500 up 1 point. [Read more...]

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6 NYSE Stocks Following Market Lower: MIG, VOC, AMD, CMG, NAV, MTG

October 19, 2012 By Leave a Comment

Traders at the NYSEMeadowbrook Insurance Group Inc. (NYSE:MIG) is down 20.41% today at $6.20. MIG has traded 800 thousand shares so far today, 4 times its daily average. MIG shares are tumbling today after announcing expected third quarter results. The company expects an increase in net loss and higher than usual third quarter storm losses The company has a market cap of 307.86 million.

VOC Energy Trust (NYSE:VOC) is down 16.10% this morning at $16.19. VOC is trading heavy volume today with 500 thousand shares traded. The company has a market cap of 274.04 million. [Read more...]

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Microsoft Sees Price Target Cut by Barclays

October 19, 2012 By Leave a Comment

A list of NASDAQ stocksAhead 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...]

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Earnings and Existing Home Sales Send Market Lower, Hot Stocks: RVBD, FWRD, MAN, RHI, SNDK, JRCC

October 19, 2012 By Leave a Comment

Wall Street signMultiple disappointing earnings reports send stocks down in early trading with McDonald’s and General Electric trading lower on poor earnings. McDonald’s missed on earnings, but did beat on revenue while General Electric reported earnings that met Street estimates, but revenue that fell below estimates. Existing home sales piled onto the already negative market with sales dropping 1.7% in September.

Google shares are trading slightly higher this morning after yesterday’s 8% drop on its early earnings release. Google reported earnings per share of $9.03, well below analyst estimates of $10.65.

The major stock averages are all down more than 0.5% this morning with the Dow down 103 points, the Nasdaq down 25 points and the S&P 500 down 9 points. [Read more...]

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Stocks Fall on Jobless Claims, Stocks to Watch: CYBI, OEH, BWEN, ETH, WCC, AEGR

October 18, 2012 By Leave a Comment

All three major stock averages are down this morning after weekly jobless claims jumped 46,000 to a seasonally adjusted 388,000. Last week those numbers fell dramatically, but were distorted because one large state did not post its claims numbers.

In Europe, EU leaders are preparing to meet at a summit in Brussels as they try to overcome differences over plans for a banking union. According to reports, Greece, Spain and Cyprus will not be topics discussed at the summit.

The Dow is down 3 points, the Nasdaq is down 15 points and the S&P 500 is down 2 points. [Read more...]

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Stocks Trading Flat This Morning, Stock Gainers: CYMI, SIFY, DF, CNC, URI, HOV

October 17, 2012 By Leave a Comment

Stocks are trading mostly flat right now after starting the day lower. A better than expected housing starts report pushed stocks higher this morning, but big tech stocks, Intel and IBM, are weighing the market down. Housing starts jumped 15% in September to a seasonally adjusted 872,000 units, the quickest rate since 2008. Economists were expecting an increase to 770,000.

Intel posted quarterly results that beat Street estimates, but its guidance came in soft as consumers shift to tablets. IBM reported a profit that beat expectations, but its revenue came in below estimates.

The Dow is currently trading down 6 points, the Nasdaq is up 4 points and the S&P 500 is up 5 points. [Read more...]

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Six NYSE Stocks Trading Against Market: OSG, RATE, CMRE, DBD, PNC, GWW

October 16, 2012 By Leave a Comment

Overseas Shipholding Group Inc. (NYSE:OSG) is down 25.73% in late morning trading at $3.83. OSG has traded 3.6 million shares so far today, well above its daily average of 760 thousand shares. OSG shares are down nearly 40% over the past five days. The company has a market cap of 115.91 million.

Bankrate, Inc. (NYSE:RATE) is down 24.34% today at $10.97. RATE has traded 6.4 million shares so far today, well above its daily average of 520 thousand shares. RATE shares tumbled to a new 52 week low today after lowering guidance. Bankrate cut its revenue outlook for the full year and expects third quarter results to be short of estimates. The company has a market cap of 1.08 billion. [Read more...]

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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...]

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