Rachel Brook

Stocks With Heavy Options Trading: SPY, AAPL, MSFT, ORCL, IBM, HPQ

Wall StreetThe stock market is up slightly heading into midday trading today. News of new home sales dipping sent stock briefly negative shortly after market open. The price of oil continues to rise today and is nearing $109/barrel. The main cause to oil’s recent rise is the tensions between Iran and Western countries. Iran has recently ceased exporting oil to Britain and France. Europe had already imposed sanctions against Iran to stop importing their oil, but they were not going to go into effect until this summer. The Dow is up 23 points right now, the Nasdaq has gained 11 points and the S&P 500 is up 5 points.

SPDR S&P 500 ETF (NYSEARCA:SPY) is up 0.35% today at $137.11. SPY is an ETF that moves in conjunction with the S&P 500. If the S&P rises, and works the same way when it falls. SPY is seeing a lot of action today on the Feb 24 weekly contract at $136 strike price. Over 48,500 contracts have been traded so far today and are up $0.27 from the previous close at $1.17. The March 2 weekly contract at $137 strike price is also seeing decent volume with more than 48,000 contracts trading hands. [Read more...]

Stocks Trading Lower: AWAY, PVA, GTI, SWY, HDY, HSOL

Floor of the NYSEHomeAway, Inc. (NASDAQ:AWAY) has slipped 11.36% this afternoon at $23.03. AWAY has traded 3.7 million shares so far today, 10 times its average volume. AWAY shares are falling today after the company posted fourth quarter results late yesterday. The company posted a profit of less than $0.01 per share, Wall Street was expecting $0.09 per share. The company has a market cap of 1.84 billion.

Penn Virginia Corporation (NYSE:PVA) is down 14.71% today at $4.9210. PVA has traded 3.1 million shares so far today, well above its daily average of 1.2 million shares. Penn Virginia announced fourth quarter results yesterday and investors aren’t reacting to it kindly today. PVA had an operating loss of $37.1 million for the fourth quarter. The company has a market cap of 223.97 million. [Read more...]

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

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...]

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

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...]

After Hours Winners and Losers: SPWR, AMAT, YGE, QLIK, SAPX, FTR

SunPower Corporation (NASDAQ:SPWR) is up 10.96% in after hours trading at $8.30. SPWR announced fourth quarter earnings after the market close today. SunPower reported a net loss of $83.1 million or $0.84 per share. In the same period last year, the company reported net income of $152.3 million or $1.44 per share. The company has a market cap of 749.32 million.

Applied Materials, Inc. (NASDAQ:AMAT) is up 4.69% in after hours trading at $13.21. AMAT shares are up this afternoon following the company’s quarterly results. EPS came in at $0.18 per share, beating estimates of $0.12 per share. The company’s forecast also beat expectations. The company has a market cap of 17.25 billion. [Read more...]

Afternoon Movers as Stocks Remain Mixed

Stocks are mixed in midday trading today as mixed data on the U.S. economy and news of a delay on Greece’s bailout give investors pause. Homebuilder sentiment rose this month, but U.S. industrial production was flat. Economists were expecting industrial production increase 0.7%. The Dow is getting hit hardest today as it drops 76 points. The Nasdaq is being propped up by tech stocks today and is up 3 points. Finally, the S&P 500 is down slightly at 2 points.

Cybex International, Inc. (NASDAQ:CYBI) is up 26.32% in afternoon trading at $1.92. CYBI has traded 541 thousand shares so far today, well above its daily average of 51 thousand shares. Cybex reported fourth quarter results earlier today. Net sales for the fourth quarter were $43.1 million, up $3 million from the same period a year ago. Cybex reported net income of $34.7 million, or $2.03 per diluted share. [Read more...]

Stocks Moving Higher Today: FONR, SYNM, LPSN, MDAS, SNSS, EGLE

Stocks continue to be lower right before midday due to a weaker than expected retail sales report. Investors also remain uneasy about the debt crisis in Europe. Retail sales rose 0.4% in January, lower than the 0.7% economists were predicting. In Europe, Moody’s cut the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta. The U.K., France and Austria were put on credit watch negative.

Right now the major indices are down slightly with the Dow down 22 points, the Nasdaq is down 11 points and the S&P 500 is down 4 points.

Fonar Corporation (NASDAQ:FONR) is up 27.84% today at $2.48. FONR has traded 3.1 million shares so far today, way above its daily average of 40 thousand shares so far today. FOR shares are rallying today after reporting fiscal second quarter results. Fonar saw a 33% increase in net income to $1.8 million. Total revenue increased 16% to $9.3 million. The company has a market cap of 14.57 million. [Read more...]

Stocks Heading Lower In Early Trading: CHTP, KV.A, AMSC, MOTR, FRO, DEXO

Chelsea Therapeutics International (NASDAQ:CHTP) is down 29.06% today at $3.54. CHTP has traded 6.8 million shares so far today, well above its daily average of 615 thousand shares. Chelsea Therapeutics is taking a hit today after the FDA raised concerns from a drug study. The company has a market cap of 210.90 million.

K-V Pharmaceuticals Company (NYSE:KV.A) is down 3.09% in early trading at $1.57. KV.A has traded 1.6 million shares so far today, more than double its daily average. KV.A shares have been falling since announcing their quarterly results on Feb. 9. Their fourth quarter loss was more than 7 times their revenue. The company has a market cap of 88.62 million. [Read more...]

Midday Volume Leaders: BAC, CSCO, SIRI, GE, MSFT, ORCL

Stocks are continuing their sell off in midday trading as the Greece deal collapses. Other euro zone countries, Germany in particular, are calling on Greece to cut even more costs if they want to receive another bailout package. Now there are reports that one of the parties in Greece has withdrawn support for additional austerity measures. This news has caused the major stock indexes to fall more than 0.5% today. The Dow is down 113 points, the Nasdaq is down 17 points and the S&P is down 9 points.

Bank of America Corporation (NYSE:BAC) is down nearly 1% in midday trading at $8.10. BAC has traded 155.1 million shares so far today and usually trades 278.3 million shares a day on average. BAC shares are down with the overall market today. Bank of America received a subpoena from the Massachusetts securities regulator today due to the company’s involvement in two loan securities that cost investors $150 million. The company has a market cap of 85.18 billion.

Cisco Systems, Inc. (NASDAQ:CSCO) is down 0.70% today at $19.86. CSCO has traded 35.7 million shares so far today and trades 47.7 million shares a day on average. CSCO shares are up about $1.50 a share since the beginning of the year. The company has a market cap of 106.93 million.

Sirius XM Radio Inc. (NASDAQ:SIRI) is down 1.83% in midday trading at $2.14. SIRI has traded 35.6 million shares so far today and trades 54.4 million shares a day on average. Sirius posted fourth quarter results yesterday. The company posted a $71.3 million profit in the fourth quarter, last year it posted a loss. Sirius is expecting to at 1.3 million new subscribers in 2012, fewer than the 1.7 million added in 2011. The company has a market cap of 8.04 billion.

General Electric Company (NYSE:GE) is down 1.16% today at $18.91. GE has traded 26.3 million shares today and trades 58.5 million shares a day on average. GE shares are up about $0.50 on the year. The company has a market cap of 199.91 billion.

Microsoft Corporation (NASDAQ:MSFT) is down 0.67% in midday trading at $30.57. MSFT has traded 23 million shares today and trades 54.3 million shares a day on average. MSFT shares are up more than $3 a share since the start of 2012. The company has a market cap of 256.79 billion.

Oracle Corporation (NASDAQ:ORCL) is down 1.59% today at $28.43. ORCL has traded 19.7 million shares so far today and trades 32.1 million shares a day on average. ORCL shares are up nearly $3 over the past month. The company has a market cap of 142.88 billion.

After Hours Winners and Losers: AKAM, CVA, V, GRPN, TQNT, EA

Akamai Technologies, Inc. (NASDAQ:AKAM) is up 13.97% in after hours trading at $39.25. AKAM shares are up this afternoon following fourth quarter results. Akamai posted revenue of $324 million, up 14% from the previous year. Profit came in at $0.45 a share, beating Wall Street estimates of $0.40 a share. The company has a market cap of 6.18 billion.

Covanta Holding Corporation (NYSE:CVA) is up 6.31% in after hours trading at $15.50. CVA shares are rallying in after hours trading thanks to good fourth quarter results. Covanta posted adjusted earnings of $0.26 a share, beating analyst estimates of $0.23 a share. Covanta forecasted adjusted 2012 earnings of $0.55-65 a share, beating estimates of $0.59 a share. The company has a market cap of 2.03 billion.

Visa Inc. (NYSE:V) is up 2.45% in after hours trading at $111.00. V shares are up this afternoon thanks to a 16% rise in first quarter profit. Revenue rose 14% to $2.55 a share. The company has a market cap of 74.52 billion.

Groupon, Inc. (NASDAQ:GRPN) is down 12.04% in after hours trading at $21.62. GRPN shares are getting hammered after reporting a fourth quarter loss. Groupon posted a net loss of $0.08 per share, Wall Street was expecting a profit of $0.03 per share. The company has a market cap of 15.68 billion.

TriQuint Semiconductor, Inc. (NASDAQ:TQNT) is down 7.75% in after hours trading at $6.31. TQNT shares are down following the company’s fourth quarter results. TriQuint beat estimates with EPS of $0.08 per share, but guidance came in below expectations. The company has a market cap of 1.14 billion.

Electronic Arts Inc. (NASDAQ:EA) is down 5.98% in after hours trading at $17.15. EA shares are falling this afternoon after the company’s CFO leaves for Polycom. Sources say EA’s CFO was not pushed out and that he left for Polycom to have a more operational role. The company has a market cap of 6.06 billion.

Afternoon Movers: NLST, FFN, SMSI, ASTX, CBM, ACHN

The market continues to edge higher with about 30 minutes left in the trading day. Stocks began the day lower as investors worry about Greece’s debt problems. These worries quickly faded following Ben Bernanke’s statement that the Fed will protect the U.S. from Europe’s problems. The Dow is currently up 55 points, the Nasdaq is up 4 points and the S&P is up 4 points.

Netlist, Inc. (NASDAQ:NLST) is up 10.11% this afternoon at $4.14. NLST has traded 2.2 million shares today, above its daily average of 879 thousand shares. NLST shares have been trending higher since Friday and are up close to $1 since then. The company has a market cap of 105.40 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 15.32% today at $1.47. FFN has traded 1.8 million shares today, way above its daily average of 369 thousand shares. FFN shares are bouncing after the stock dipped from $1.40 to $1.20 the past couple of days. The company has a market cap of 44.96 million.

Smith Micro Software, Inc. (NASDAQ:SMSI) is up 13.47% this afternoon at $2.4850. SMSI has traded 2.6 million shares so far today, 5 times the stock’s average volume. SMSI shares have been trending higher since Monday and are up about $0.60 this week. The company has a market cap of 89.09 million.

Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) is down 21.15% today at $2.20. ASTX is down on heavy volume today with 2.6 million shares traded so far. ASTX shares are dipping today after the FDA questions the company’s only approved drug after it didn’t show a benefit for an expanded use. The company has a market cap of 202.48 million.

Cambrex Corporation (NYSE:CBM) is down 15.21% this afternoon at $6.80. CBM has traded 1.2 million shares today, 4 times its daily average. CBM shares are down today after the company missed EPS estimates by $0.02 for their fourth quarter results. The company has a market cap of 198.74 million.

Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) is down 12.36% today at $10.14. ACHN has traded 4 million shares so far today, more than 3 times its daily average. ACHN shares dipped today after the stock was downgraded by Bank of America to underperform from buy. The company has a market cap of 716.26 million.

Afternoon Movers: DNDN, ZOLT, OREX, CYOU, CPY, ALU

Stocks are still down in midday as investors worry about Greece’s debt deal. Greece has been trying to complete a deal for weeks now. Right now the Dow is down 35 points, the Nasdaq is down 3 points and the S&P is down 2 points.

Dendreon Corporation (NASDAQ:DNDN) is up 14.82% today at $16.27. DNDN has traded 20.8 million shares so far today and trades 8.5 million shares a day on average. DNDN shares are seeing a spike today after federal health regulators published a critical review for Amgen’s prostate cancer drug. The company has a market cap of 2.43 billion.

Zoltek Companies, Inc. (NASDAQ:ZOLT) is up 11.75% this afternoon at $14.65. ZOLT has traded 2.2 million shares today, 7 times its daily average. ZOLT shares continue to go higher following strong fiscal first quarter results. ZOLT shares are up more than $4 a share since Friday. The company has a market cap of 503.83 million.

Orexigen Therapeutics, Inc. (NASDAQ:OREX) is up 16.30% today at $3.21. OREX has traded 1.3 million shares in afternoon trading, more than double its daily average. OREX shares are up today after the company announced agreement from the FDA on a special protocol assessment for the Contrave outcomes trial. The company has a market cap of 154.11 million.

Changyou.com Limited (NASDAQ:CYOU) is down 11.90% this afternoon at $25.63. CYOU has traded 1.5 million shares so far today, up from 273 thousand shares it typically trades. Guidance from the company’s earnings results this morning did not please investors. Next quarter’s profit is forecasted to be below the $1.13 analysts have been estimating. The company has a market cap of 1.35 billion.

CPI Corporation (NYSE:CPY) is down 10.69% today at $1.42. CPY has traded double its average volume so far today with 951 thousand shares traded. CPY shares are down today after the company announced on Friday that it will trade on the OTC market starting on February 9. The company has a market cap of 9.99 million.

Alcatel-Lucent (NYSE:ALU) is down 2.56% today at $1.90. ALU has traded 11.1 million shares so far and trades 18.2 million shares on average. ALU shares are pulling back slightly today after jumping more than $0.20 last week. The company has a market cap of 4.31 billion.

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