No 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.
Stocks to Watch in After Hours
AEterna Zentaris, Inc. (NASDAQ:AEZS) is up 8.89% in after hours trading at $0.87. AEZS shares have been slowly recovering over this week after the stock plummeted from $2 to under $1 on Monday. Shares of AEZS fell because of a failed drug trial. The company has a market cap of 86.92 million.
Radian Group Inc. (NYSE:RDN) is up 1.02% in after hours trading at $3.95. RDN shares have fallen $0.50 a share this week. RDN closed down today 5.10% at $3.91. The company has a market cap of 521.16 million.
Novavax, Inc. (NASDAQ:NVAX) is up 4.84% in after hours trading at $1.30. NVAX has traded 92 thousand shares in after hours trading. NVAX shares have closed the week slightly lower, down about $0.06 a share. The company has a market cap of 145.05 million.
Cell Therapeutics, Inc. (NASDAQ:CTIC) is up 4.33% in after hours trading at $1.26. CTIC has traded 134 thousand shares in after hours. CTIC shares fell about $0.10 this week. The company has a market cap of 237.60 million.
China Pharma Holdings, Inc. (AMEX:CPHI) is down 5% in after hours trading at $0.57. CHPI shares fell $0.10 this week. The company has a market cap of 26.55 million.
Sonus Networks, Inc. (NASDAQ:SONS) is down 3.85% in after hours trading at $2.75. SONS finished the week down slightly, but did hit a high of nearly $3 on Monday. The company has a market cap of 798.87 million.
About Martin Stephenson
