NASDAQ:RIMM

Midday Movers: BAC, PFE, MU, AMD, RIMM, CLWR

February 13, 2012 By Leave a Comment

Stocks are holding early gains in midday trading after Greek politicians approved more austerity measures in order to secure another bailout package from the EU. News of Israeli diplomat attacks in Georgia and India has investors on edge at the region is unstable right now. The price of oil jumped over $100 a barrel following this news. At midday, the Dow is up 64 points, the Nasdaq is up 21 points and the S&P 500 is up 7 points.

Bank of America Corporation (NYSE:BAC) is up 2.60% today at $8.28. BAC has traded 149.9 million shares so far today and trades 277.1 million shares a day on average. Bank of America is likely to see a downgrade from Moody’s due to “Eurozone weakness and elevated economic and market uncertainties.” This according to a research report published by CreditSights. BAC shares are climbing today alongside the overall market. The company has a market cap of 87.03 billion. [Read more...]

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Active Stocks Heading Into Close: BAC, SIRI, RIMM, MU, ARNA, ZNGA

January 30, 2012 By Leave a Comment

The stock market has recovered pretty much all of its early losses in late afternoon trading. Stocks fell early this morning as stalled Greek debt talks began to worry investors. With about 30 minutes left in trading the Dow is down 8 points, the Nasdaq down 4 points and the S&P 500 is down 4 points.

Bank of America Corporation (NYSE:BAC) is down 3.02% today at $7.09. BAC is down on low volume today with 190 million shares traded, the stock usually trades 270 million shares a day. BAC shares fell today along with the overall market because of EU concerns. The company has a market cap of 74.59 billion. Check out one of the best swing traders on the street.

Sirius XM Radio Inc. (NASDAQ:SIRI) is down 0.74% in afternoon trading at $2.02. SIRI has traded 65 million shares so far today, 10 million shares more than its daily average. SIRI shares have fallen about $0.15 over the past few days. The company has a market cap of 7.61 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 1.52% today at $17.06. RIMM has traded 24 million shares today and trades 24.3 million shares a day on average. RIMM shares have jumped more than $2 a share over the past week after falling about the same earlier this month. The company has a market cap of 8.80 billion.

Micron Technology, Inc. (NASDAQ:MU) is up 1.82% today at $7.57. MU has traded 18.5 million shares so far today and trades 31.6 million shares a day on average. MU shares are bouncing back today after seeing a slight pull back last week. The company has a market cap of 7.45 billion. Check out one of the best swing traders on the street.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is up 9.44% this afternoon at $1.74. ARNA has traded 11.8 million shares so far today, 5 times its daily average. The company has a market cap of 253.92 million.

Zynga Inc. (NASDAQ:ZNGA) is up 2.29% today at $10.29. ZNGA has traded 11.4 million shares so far today, above its daily average of 10.2 million shares. ZNGA shares have jumped $2 this month. ZNGA shares could be moving up as reports that Facebook will be filing for an IPO soon. The company has a market cap of 7.22 billion.

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Active Stocks In Midday Trading: FTR, CSCO, RIMM, HGSI, EMN, UAL

January 27, 2012 By Leave a Comment

Stocks are slipping in midday trading as GDP numbers came in lower than expected. The economy grew at a 2.8% annual rate in the last three months of the year. Economists were expecting 3% growth. Inventory stockpiling accounted for 1.9% of the GDP in the fourth quarter.If you take that out, the economy only grew at 0.8%. The Dow is currently down 83 points, the Nasdaq is up 5 points and the S&P 500 is down 4 points.

Frontier Communications Company (NASDAQ:FTR) is down 5.15% in midday trading at $4.23. FTR has traded 38.7 million shares so far today, about double its daily average. FTR shares are down about 20% on the year. The company has a market cap of 4.23 billion. Check out one of the best swing traders on the street.

Cisco Systems, Inc. (NASDAQ:CSCO) is down 1.26% today at $19.56. CSCO has traded 27.9 million shares so far today and trades 47.4 million shares a day on average. CSCO shares are dipping a little bit today as the overall market looks weak right now. The company has a market cap of 105.10 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 2.65% in midday trading at $16.70. RIMM has traded 14.1 million shares today and trades 24.4 million shares a day on average. RIMM shares have been bouncing back the past few days after falling more than $2 a share earlier this month. The company has a market cap of 8.62 billion.

Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 8.61% today at $10.60. HGSI has traded 7.5 million shares so far today, 1 million shares more than its daily average. HGSI shares are up more than $3 a share since the start of the year. The company has a market cap of 2.08 billion. Check out one of the best swing traders on the street.

Eastman Chemical Company (NYSE:EMN) is up 4.90% in midday trading at $49.44. EMN has traded 10.8 million shares right now, well above its daily average of 1.6 million shares.EMN shares are up today after the company bought Solutia for $3.4 billion. The company has a market cap of 6.78 billion.

United Continental Holdings (NYSE:UAL) is up 6.36% today at $23.08. UAL has traded 10.5 million shares today, 80% more than its daily average. UAL shares are up today after the company posted fourth quarter results that beat surpassed analysts expectations. The company has a market cap of 7.64 billion.

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Active Stocks As Market Finishes Mostly Lower: INTC, MSFT, AAPL, RIMM, ZNGA, BRCM

January 24, 2012 By Leave a Comment

The market could not extend its winning streak to 6 with the Dow dropping into negative territory. Most portfolio managers concede that it is normal for stocks to take a breather after a strong start in early January. Continued uncertainty over Greece has reached a point where bad news is hardly a blip on investors’ radar. Most of Greek’s woes have been priced in and the consensus is that eventually Greece will be forced into some type of default.

Intel Corporation (NASDAQ:INTC) is up 0.45% near the close at $26.83. INTC has traded 50.1 million shares so far today and trades 53.9 million shares a day on average. INTC shares have jumped more than $1.50 a share over the past week. INTC has been rallying the past few days after reporting better than expected earnings last Thursday. The company has a market cap of 136.10 billion.

Microsoft Corporation (NASDAQ:MSFT) is down 1.40% today at $29.32. MSFT is trading weaker than usual volume with only 46.4 million shares traded. The stock typically trades 55.7 million shares. MSFT shares are seeing a slightly pull back today have, but its trending upward overall. There are recent reports that Microsoft may be getting rid of their Xbox Live currency system. The company has a market cap of 246.35 billion. Check out one of the best swing traders on the street.

Apple Inc. (NASDAQ:AAPL) is down 1.43% today at $421.18. All eyes are on Apple after the market close when they announce their earnings. Analysts are expecting revenue of $38.76 billion with an EPS of $10.07. AAPL has traded 12.7 million shares today, slightly higher than its daily average of 12.5 million shares. The company has a market cap of 391.80 billion.

Research In Motion Limited (NASDAQ:RIMM) is down 3.47% in late afternoon trading at $15.01. RIMM shares continue to fall after the company’s co CEOs stepped down and a new CEO was appointed. RIMM has traded 35.7 million shares today, 12 million shares more than its daily average. The company has a market cap of 7.75 billion.

Zynga Inc. (NASDAQ:ZNGA) is up 6.47% today at $9.71. ZNGA has traded 11.5 million shares today, up from its daily average of 10.2 million shares. ZNGA shares have been trending higher the past few days after reports the company is considering internet gambling. The company has a market cap of 6.81 billion. Check out one of the best swing traders on the street.

Broadcom Corporation (NASDAQ:BRCM) is up 2.22% today at $35.23. BRCM has traded slightly above volume today with 10.4 million shares traded. BRCM shares are up more than $5 a share on the year. The company has a market cap of 18.94 billion.

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US Futures in Positive Territory With Halliburton News. Stocks to Watch: RIMM, AAPL, ZNGA, CHK, SIRI, HAL, FRO

January 23, 2012 By Leave a Comment

Investors are willing to take hope wherever they can get it in regards to Europe. After hitting a snag over the weekend, the Greek debt talks are back on again this morning. Hopes of a possible deal along with earnings out of Halliburton are driving the market modestly higher. Dow futures are currently up 27 points to 12,681. Nasdaq 100 futures are adding 5 points, while the S&P 500 is up just over 2 points.

This week’s earning schedule is relatively light so all the focus will be back on Europe. Market action is expected to be sideways according to many analysts. Any news out of Greece or the broader EU will move the market in any direction. Hope on the street is for a possible Greek debt deal today at the EU meeting.

Reports out of Greece have Greek creditors submitted a maximum offer on the losses they will bear. It is now up to the EU and the IMF on whether or not they will accept the deal. Overall European markets are up slightly as all eyes turn towards the meeting of finance ministers in Brussels. The banking-heavy Stoxx 600 Index is up slightly to 256.74.

In domestic corporate news the weekend was dominated by Research in Motion. Their co-CEOs announced on Sunday that they would resign on Monday. This has sent the shares of RIMM higher in pre-market trading.

Other corporate news had Halliburton releasing their earnings. The energy-service company reported 50% higher income on 37% higher revenue in the 4th quarter.

In commodities, oil futures continue to trade near the $100 per barrel mark. Nymex crude is up nearly a dollar to $99.26. Gold futures are following suit, up $11 to $1,674.70.

Stocks to watch today include Research In Motion Limited (NASDAQ:RIMM), Apple Inc. (NASDAQ:AAPL), Zynga Inc. (NASDAQ:ZNGA), Chesapeake Energy Corporation (NYSE:CHK), Sirius XM Radio Inc. (NASDAQ:SIRI), Halliburton Company (NYSE:HAL) and Frontline Ltd. (NYSE:FRO)

Research In Motion Limited (NASDAQ:RIMM) is up 3.35% in pre market trading at $17.57. RIMM shares are rising after the company’s co CEOs quit and a new CEO is named. Thorsten Heins, a former Siemens executive, took over as CEO on Saturday. Investors reacted positively to this news as they have been pressuring the company to make a change for some time now. RIMM has traded 560 thousand shares so far this morning and trades 22.9 million shares a day on average. The company has a market cap of 8.77 billion.

Apple Inc. (NASDAQ:AAPL) is up 0.82% in pre market trading at $423.75. AAPL will be interesting to watch as the company reports its fourth quarter earnings tomorrow. The stock recently hit a new overall high at over $431, but has recently dipped a little bit. AAPL trades 12.7 million shares a day on average and has a market cap of 390.63 billion.

Zynga Inc. (NASDAQ:ZNGA) is up 0.77% in pre market trading at $9.16. ZNGA recently announced it is thinking of entering the online gambling market and has been speaking with potential partners. This news comes as the U.S. Justice Department ruled in-state Internet gambling does not violate federal law. ZNGA trades 10.5 million shares a day on average. The company has a market cap of 6.36 billion.

Chesapeake Energy Corporation (NYSE:CHK) is up 4.96% in pre market trading at $22.00. CHK has traded more than 80 thousand shares this morning and trades 13.2 million shares a day on average. CHK announced earlier today it will be cutting its gas production by 50% in 2012 in response to low natural gas prices. The company has a market cap of 13.41 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is down 1.90% in pre market trading at $2.06. SIRI trades 54.2 million shares a day on average. Morgan Stanley downgraded the stock to equal weight from overweight this morning, but increased the price target to $2.30. The company has a market cap of 7.87 billion.

Halliburton Company (NYSE:HAL) is down 1.30% in pre market trading at $35.73. Halliburton reported fourth quarter EPS of $1.00, one cent above estimates. Revenue also beat forecasts and the company saw a 50% jump in profit for the fourth quarter. HAL has traded 170 thousand shares so far today and trades 18 million shares a day on average. The company has a market cap of 33.31 billion.

Frontline Ltd. (NYSE:FRO) is up 6.78% in pre market trading at $5.04. FRO shares look to bounce back today after dipping more than $0.20 on Friday. The stock has traded more than 15 thousand share so far this morning and trades 2.2 million shares a day on average. The company has a market cap of 369.05 million.

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Futures Turn Red as JPMorgan Reports. Stocks to Watch: DMND, JPM, BAC, AAPL, RIMM, MS, S

January 13, 2012 By Leave a Comment

It looks to be another volatile day on Wall Street as JPMorgan reported that its profit numbers had dropped to $3.7 Billion from $4.8 Billion. Revenue also saw a decline to $22.19 Billion. Dow futures are currently off 10 points to 12,403. Nasdaq 100 futures are nearly flat, down 1.50 points to 2,377. S&P 500 futures are following suit, down 1.60 to 1,288.70.

The economic data calendar is also crowded for a Friday. At 8:30am EST, the December trade deficit report and the November import prices will be released. The at 9:55am EST the University of Michigan Consumer Sentiment numbers are set to be released. The consensus expectations for the sentiment numbers is a modest rise from the 69.9 level to 73.

Good news finally emerged out of Europe after a closely watched Italian debt auction went off with positive yield movement to the downside. This was on the heels of the two successful auctions in Spain and Italy the day before. This has sent the broader European markets higher this morning with the banking heave Stoxx 600 Index up over half a percent.

Asian markets also climbed overnight after the fears over Europe’s sovereign debt crisis began to ease. Mainland China stocks, however, were hit after data showed a sizable drop in forth quarter foreign exchange reserves.

Commodity markets are mostly flat this morning after oil was sent under $100 after the Europe can-kicking announcement of the Iranian oil embargo. Right now Nymex crude futures are down five cents to $99.05. Gold prices are also giving back some of their gains for the week, down $7 to $1640 an ounce.

Stocks to watch today include Diamond Foods Inc. (NASDAQ:DMND), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Apple Inc. (NASDAQ:AAPL), Research In Motion (NASDAQ:RIMM), Morgan Stanley (NYSE:MS), Sprint Nextel (NYSE:S)

Diamond Foods, Inc. (NASDAQ:DMND) is down 11.05% in pre market trading at $29.47. DMND shares are down this morning on news that Federal Prosecutors have joined the SEC in its investigation of how the company paid walnut suppliers. DMND trades 2.4 million shares a day on average and is worth 730.48 million.

JP Morgan Chase & Co. (NYSE:JPM) is down 2.71% in pre market trading at $36.85. JPM is trading heavy volume already today with 289 thousand shares traded. The stock trades 41.1 million shares a day on average. JPM shares are down after the company reported net earnings falling 23%. They did meet expectations though so it’s not really bad news. The company has a market cap of 139.94 billion.

Bank of America Corporation (NYSE:BAC) is down 2.95% today at $6.58. BAC has traded 876 thousand shares already in pre market and trades 266.3 million shares a day on average. BAC is following JPM down this morning after JPM reported a dip in earnings. The company has a market cap of 68.82 billion.

Apple Inc. (NASDAQ:AAPL) is down 0.17% in pre market trading at $420.69. AAPL trades 14.1 million shares a day on average. Apple suspended iPhone 4S sales in mainland China after a crowd threw eggs at their flagship store when it failed to open as promised. The company has a market cap of 391.64 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 1.52% in pre market trading at $16.69. RIMM trades 21.6 million shares a day on average. RIMM shares are bouncing this morning on rumors the company may be looking to be acquired. According to Reuters, Research In Motion hired Goldman Sachs to explore its strategic options. The company has a market cap of 8.48 billion.

Morgan Stanley (NYSE:MS) is down 2.15% this morning at $16.80. MS shares are down as many bank stocks take a hit following JP Morgan’s report that net earnings fell 23%. MS trades 32.2 million shares a day on average and has a market cap of 33.09 billion.

Sprint Nextel Corporation (NYSE:S) is down 4.31% in pre market trading at $2.22. S has jumped up about $0.15 over the past couple of days and averages 42.1 million shares daily. Some analysts are saying that Sprint’s iPhone deal may get a lot better and could include a Sprint-exclusive iPhone. “Given our belief that the Sprint purchase commitment is unique … we think it is possible that Apple may have extended certain benefits to Sprint in return,” Shing Yin of Guggenheim Partners LLC wrote in an analyst’s note Thursday. “For example, if Apple were inclined to offer limited exclusivity on a future iPhone (as many other handset makers still do), we think Sprint could be chosen as an initial launch partner, especially since we think Apple may be less than happy with some of its other carrier partners. Any such iPhone-related benefit would likely be viewed by investors as a significant positive for Sprint, in our view.” The company has a market cap of 6.95 billion.

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Stocks Positive In Early Trading: USU, SMSI, MTOR, GFA, BTU, RIMM,

January 3, 2012 By Leave a Comment

USEC Inc. (NYSE:USU) is up 17.11% in early trading at $1.3350. USU has traded 994 thousand shares so far this morning and trades just over 2 million shares on average daily. USU as well as most stocks are rallying alongside the market today. The company has a market cap of 157.97 million.

Smith Micro Software Inc. (NASDAQ:SMSI) is up 10.62% this morning at $1.25. SMSI has traded 527 thousand shares so far today, already above its daily average of 502 thousand shares. The company has a market cap of 45.06 million.

Meritor, Inc. (NYSE:MOTR) is up 9.96% today at $5.85. MOTR has traded 724 thousand shares so far today and trades 2.5 million shares a day on average. On Monday, Meritor announced the sale of its French manufacturing operation to Renault Trucks. The company has a market cap of 551.63 million.

Gafisa S.A. (NYSE:GFA) is up 9.35% this morning at $5.03. GFA has traded 2.7 million shares so far today and trades 3.7 million shares on average. GFA stock is up nearly $0.60 in the past two trading sessions. The company has a market cap of 1.09 billion.

Peabody Energy Corp. (NYSE:BTU) is up 9.24% in early trading at $36.17. BTU has traded 3.1 million shares so far today and trades 5.8 million shares a day on average. Peabody Energy is up toady along with other coal companies after two big deals in U.S. shale acreage and a favorable court ruling for coal companies. The company has a market cap of 9.82 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 8.55% today at $15.76. RIMM has traded 18.2 million shares so far today and trades 22.7 million shares a day on average. RIMM is up today with the overall market rally. There are reports that the company is close to picking a new chair. The company has a market cap of 8.16 billion.

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US Futures Modestly Higher after Mixed Italian Auction. Stocks to Watch: YHOO, RIMM, BAC, AAPL, LPL, PEIX

December 29, 2011 By Leave a Comment

Stock Futures are clinging to the smallest of gains after a weak Italian bond auction. Currently Dow futures are up 29 points to 12,110. Nasdaq futures are tacking on nearly 6 points to 2,265, while S&P futures are adding 3.75 to 1,248.25.

The Italian bond auction overnight was decidedly a mixed bag. It was encouraging to see borrowing costs drop, but the tepid demand is worrying to analysts long-term. It shows that the stresses that plagued Italy in recent months are still there and need to be addressed if there is to long lasting stability in that market. Maximize Your Trades With Profitly

The economic data calendar is stacked today with jobless claims slated for 8:30am EST release. Last week’s claims came it at 364,000, a positive sign in the labor market. Expectations are for a rise to 374,000, but this will keep it under the 400,000 threshold most economists view as a stable job creation for the US.

In Europe the markets have handed back some of their gains after the mixed Italian auction. The banking heavy Stoxx 600 Europe has moved into a mostly flat trading range in late trading, up around .18% currently. The French CAC 40 is up .3%, while the German Dax is adding .4%.

Asia was mostly lower in overnight trading as investors continued to be concerned about the viability of the EU going into 2012. A report by the ECB that showed it had boosted lending to banks dramatically sent the EUR/USD to a 15 year low. This helped drive Asian markets lower as investors sit on the sideline.

Closing out the remainder of the market week volume is expected to continue to be thin. Traders should be mindful of this cause any swing can be abrupt and extreme in price action.

Stocks to watch today include Yahoo! Inc. (NASDAQ:YHOO), Research In Motion Limited (NASDAQ:RIMM), Bank of America Corporation (NYSE:BAC), Apple Inc. (NASDAQ:AAPL), LG Display Co. (NYSE:LPL) and Pacific Ethanol Inc. (NASDAQ:PEIX)

Yahoo! Inc. (NASDAQ:YHOO) is up 1.46% in pre market trading at $16.01. YHOO trades 27 million shares a day on average. Alibaba Group has hired a US lobby firm, the latest sign the Chinese internet group is considering a bid for Yahoo. The company has a market cap of 19.57 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 1.05% in pre market trading at $14.40. RIMM trades 22.9 million shares a day on average. RIMM has been trending higher over the past week or so. The company has a market cap of 7.35 billion.

Bank of America Corporation (NYSE:BAC) is up 0.85% in pre market trading at $5.33. BAC trades 261.31 million shares a day on average. BAC is looking to start the day higher alongside the overall market after falling more than 3% yesterday. The company has a market cap of 53.57 billion. Maximize Your Trades With Profitly

Apple Inc. (NASDAQ:AAPL) is up 0.39% this morning at $404.20. AAPL trades 12.40 million shares a day on average. Apple has been in a steady uptrend since mid December. It did take a slightly hit yesterday though as the stock market finished lower. The company has a market cap of 374.22 billion.

LG Display Co. (NYSE:LPL) is up 4.8% in pre market trading at $10.48. LPL trades just shy of a million shares a day on average. LPL has been trading flat much of the month and has hovered very close to $10 a share in that time. The company has a market cap of 7.16 billion.

Pacific Ethanol Inc (NASDAQ:PEIX) is up 4.35% in pre market trading at $1.20. PEIX trades nearly 12 million shares a day on average. PEIX heated back up yesterday as day traders poured in to make some quick profits. The company has a market cap of 88.67 million.

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Stocks Rallying In Midday Trading: PARL, SGMS, SSN, CMM, RIMM, TAT

December 27, 2011 By Leave a Comment

Parlux Fragrances Inc. (NASDAQ:PARL) is up 74.35% today at $6.05. PARL stock is up today on news that Perfumania will buy Parlux for $170 million. PARL has traded 1.2 million shares so far today, well above its daily average of 27 thousand shares. The company has a market cap of 122.75 million.

Scientific Games Corporation (NASDAQ:SGMS) is up 13.41% in midday trading at $9.30. SGMS has traded 666 thousand shares so far today, above its daily average of 524 thousand shares. SGMS is up about $1.30 a share over the past few days. The company has a market cap of 855.95 million. Maximize Your Trades With Profitly

Samson Oil & Gas Limited (AMEX:SSN) is up 10.10% today at $2.18. SSN has traded 1.6 million shares so far today, more than twice its daily average. SSN filed an 8-K today. The company has a market cap of 193.31 million.

China Mass Media Corp. (NYSE:CMM) is down 74% today at $6.22. CMM previously closed at $23.66. CMM began trading a little after market open around the $1.60s and quickly shot up to nearly $8. There was no news catalyst that I could find today, but traders have been all over this earlier today. The company has a market cap of 14.73 million.

Research In Motion Limited (NASDAQ:RIMM) is up 6.14% in midday trading at $14.77. RIMM has traded 19.3 million shares so far today and trades 23 million shares a day on average. RIMM has jumped more than $2 a share over the past five trading days. The company has a market cap of 7.62 billion. Maximize Your Trades With Profitly

TransAtlantic Petroleum Ltd. (AMEX:TAT) is up 5.08% today at $1.24. TAT has traded 1.2 million shares so far today, well above its daily average of 1 million shares. TAT stock is up nearly $0.20 since Friday. The company has a market cap of 453.51 million.

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Futures Shed Gains as Oracle Misses. Stocks to Watch: DFG, ORCL, RIMM, ECYT, INHX, NKE, AAPL

December 21, 2011 By Leave a Comment

After being up up nearly 100 points after an ECB announcement, the Dow futures are currently up 9 points to 12,040. Nasdaq futures are flat, while S&P futures are down half a point to 1235.50. The major driver holding the markets down is Oracle missing analysts expectations.

The ECB came out out overnight and announced the participation rate in its funding program. Over 500 banks participated to the tune of $641 billion. This far exceeded the numbers Reuters had come up with earlier. It showed a deeper liquidity that previously realized.

The announcement was a catch 22. It showed that liquidity needs were more than being met, but it exposed that a greater number of banks were having short term liquidity issues.

As the market winds down going into the Christmas holiday the economic data calendar is becoming sparse. Today’s major data is existing home sales and is expected at 10am EST. This is on the heels of better than expected housing starts data yesterday.

Commodity prices continued to rally after their drubbing last week. Gold is up $9 to 1$1626. Crude oil is adding 44 cents to $97.69.

On the currency front, the dollar index continues to be a choppy trade. The DXY is up right now .1% to 79.90.

Stocks to watch today include Delphi Financial Group, Inc. (NYSE:DFG), Oracle Corporation (NASDAQ:ORCL), Research In Motion (NASDAQ:RIMM), Endocyte, Inc. (NASDAQ:ECYT), Inhibitex, Inc. (NASDAQ:INHX), Nike, Inc. (NYSE:NKE) and Apple Inc. (NASDAQ:AAPL)

Delphi Financial Group, Inc. (NYSE:DFG) is up 72.63% in pre market trading at $43.90. DFG has traded one thousand shares so far this morning and averages 261 thousand shares a day. Tokio Marine Holdings and Delphi Financial Group announced today that Tokio Marine Holdings will acquire all outstanding shares of Delphi Financial Group for $2.7 billion. Delphi has a market cap of 1.39 billion.

Oracle Corporation (NASDAQ:ORCL) is down 8.91% in pre market trading at $26.57. ORCL has traded 29 thousand shares so far in pre market and trades 26.11 million shares a day on average. Earnings for the company fell short for the first time in 10 years. Oracle posted an EPS of $0.54, while analysts were expecting $0.57. The company has a market cap of 147.15 billion.

Research In Motion (NASDAQ:RIMM) is up 7.83% in pre market trading at $13.50. RIMM has traded 375 thousand shares so far today and trades 21.96 million shares a day on average. News that Microsoft and Nokia had thought about acquiring the company in recent months is sending stocks up this morning. The status of these talks unclear. Research In Motion has a market cap of 6.56 billion.

Endocyte, Inc. (NASDAQ:ECYT) is up 4.43% in pre market trading at $3.30. ECYT trades 676 thousand shares a day on average. Endocyte has a market cap of 112.93 million.

Inhibitex, Inc. (NASDAQ:INHX) is up 0.67% in pre market trading at $10.59. INHX trades 4.12 million shares a day on average. INHX stock has recovered somewhat after having a massive sell off last Friday. The company has a market cap of 823.65 million.

Nike, Inc. (NYSE:NKE) is up 1.71% in pre market trading at $95.23. NKE has trades 2.38 million shaers a day on average. Nike shares are up early after the company announced earnings. Nike saw profits rise for the third straight quarter. Nike has a market cap of 43.41 billion.

Apple Inc. (NASDAQ:AAPL) is down slightly in pre market trading at $393.93. AAPL trades 13.94 million shares a day on average. AAPL stock jumped more than $13 a share yesterday after the market wide rally saw the Dow gain more than 300 points. Apple has a market cap of 368 billion.

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US Futures Up as Traders Await Home Building Data. Stocks to Watch: AAPL, AMZN, DELL, T, GM, SIRI, RIMM

December 19, 2011 By Leave a Comment

Dow Jones futures are up a modest 48 points at 11,826. Nasdaq futures are tacking on 14 points at 2247. The S&P is showing a relatively modest increase of 6.25 to 1217.25.

Over night Asia markets were rocked by the death of Kim Jong Il, the leader of North Korea. When the news of his death broke, South Korea immediately put their military forces on alert. The region is expected to remain in focus as the world watched for any sign of instability.

European markets and the futures here stateside are mostly muted towards the death. This news was almost expected sometime soon, and the North Korean government was trying to complete a live transfer of power to his son before his death.

A bounce in European markets is helping the US stay positive as trader wait for home building data that is set to release at 10am EST. With Christmas week volume expected to be thin at best most agree the markets will stay range bound through the rest of 2011.

Early European losses have been reversed with the Stoxx 600 up .66% to 235. In France, the CAC 40 shook off the late Friday report of an outlook negative rating. Currently it is up nearly 1 percent.

Commodity prices continued to muddle through with crude oil up 59 cents to $94.12. Gold continues to lose its price luster, down another 3.25. This is below the $1600 price threshold.

The Dollar Index (DXY) is experiencing a slight rise this morning against major currencies. It is sitting at 80.263 this morning.

Stocks to watch today include Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Dell Inc. (NASDAQ:DELL), AT&T Inc. (NYSE:T), General Motors Company (NYSE:GM), Sirius XM Radio Inc. (NASDAQ:SIRI) and Research In Motion Limited (NASDAQ:RIMM)

Apple Inc. (NASDASQ:AAPL) is up slightly in pre market at $382.14. AAPL trades 14.02 million shares a day on average. AAPL stock sold off the latter part of last week and finished down more than $10 on the week. Apple has a market cap of 354.12 billion.

Amazon.com, Inc. (NASDAQ:AMZN) is up 0.46% in pre market trading this morning at $182.10. AMZN trades 6.59 million shares on average every day. AMZN stock bounced back some last week after it sold off on Tuesday and some of Wednesday. The stock opened the week around $190 and finished at $181.26. Amazon is hoping to have a good holiday season as it enters the last week before Christmas. The company has a market cap of 82.43 billion.

Dell Inc. (NASDAQ:DELL) closed Friday down 0.13% at $15.03. DELL trades 20.72 million shares a day on average. The stock finished last week down about $0.50 a share. Dell has a market cap of 27.00 billion.

AT&T Inc. (NYSE:T) is down slightly in pre market trading at $28.80. T trades on average 24.42 million shares a day. T stock traded mostly flat last week, only trading down about $0.15 a share. AT&T and T-Mobile talks over potential asset sales as part of the effort to get the get approval of the deal have gone cold according to the Wall Street Journal. The company has a market cap of 170.97 billion.

General Motors Company (NYSE:GM) closed Friday up 0.25% at $20.15. GM trades 11.38 million shares a day on average. GM ended last week relatively flat, only losing about $0.40 a share. The company has a market cap of 31.53 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 0.56% in pre market trading at $1.78. SIRI trades 57.33 million shares a day on average. SIRI ended last week flat and the stock is down about $0.15 on the month. Sirius XM has a market cap of 6.64 billion.

Research In Motion Limited (NASDAQ:RIMM) is up slightly in pre market trading at $13.45. RIMM trades 22.29 million shares a day on average. RIMM stock took a massive hit on Friday after the company announced poor financial results and delayed the launch of their new BlackBerry. The company has a market cap of 7.04 billion.

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Stocks Heading South In Pre Market Trading: RIMM, INHX, IDIX, CVC, SINA

December 16, 2011 By Leave a Comment

Research In Motion Limited (NASDAQ:RIMM) is down 10.11% in pre market trading at $13.60. RIMM has traded 615 thousand shares so far this morning and averages 20.77 million shares a day on average. RIMM is down after reporting disappointing earnings yesterday. The company has a market cap of 7.93 billion.

Inhibitex, Inc. (NASDAQ:INHX) is down 42.73% in pre market trading at $7.69. INHX has traded 55 thousand shares this morning and trades 4.3 million shares a day on average. INHX is down this morning after Pharmasset said it will amend the design of its QUANTUM Phase 2b trial. Pharmasset said it detected laboratory abnormalities with liver function in patients receiving PSI-938 once daily. This news from Pharmasset has caused stock of companies who develop hepatitis C treatments like Inhibitex to drop. Inhibitex has a market cap of 1.02 billion.

Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) is down 16.24% in pre market trading at $6.50. IDIX trades 1.02 million shares a day on average. IDIX is down this morning for the same reason INHX is down. The company has a market cap of 746.14 million.

Cablevision Systems Corporation (NYSE:CVC) is down 7.04% in pre market trading at $12.95. CVC trades 2.57 million shares a day on average. CVC stock is down today after being downgraded to Hold by ISI Group. Cablevision has a market cap of 3.89 billion.

Sina Corporation (NASDAQ:SINA) is down 5.21% in pre market trading at $50.05. SINA has traded 150 thousand shares this morning and trades 4.85 million shares a day on average. The company has a market cap of 3.48 billion.

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