Stocks

Afternoon Movers: BONT, TEAR, FFN, SQNM, SCEI, ZGNX

Investors at the NYSEThe market is continuing its rally this afternoon and is near its high of the day. Stocks are rallying as investors are optimistic that Greece get past a key hurdle with its private creditors. Commodities are also rallying alongside the market today with gold up about $19 at $1,702.80 and oil is up $0.86 at $107. The Dow is up 88 points, the Nasdaq is 38 points and the S&P 500 is up 15 points.

The Bon-Ton Stores, Inc. (NASDAQ:BONT) is up 18.19% today at $8.15. BONT has traded 1.9 million shares this afternoon, 9 times its average volume. BONT shares are rising for the second straight day today and is up about $3. The company has a market cap of 165.09 million. [Read more...]

Hot Stocks in Midday Trading: VRS, MOTR, THLD, MDVN, MWA, S, COH

Wall StreetVerso Paper Corp. (NYSE:VRS) is rallying 89.34% in midday trading at $2.31. Verso has seen heavy volume so far today and is trading nearly 10 times its average volume. The company announced late yesterday a proposed $345 million debt offering and commitments from lenders for new credit facilities. The company has a market cap of 122.31 million.

Motricity, Inc. (NASDAQ:MOTR) is up 14.02% today at $1.22. MOTR has traded 1.2 million shares so far today and trades 1.8 million shares on average. MOTR shares have jumped close to $0.25 over the past couple of days. The company has a market cap of 56.53 million. [Read more...]

Credit Card Jitters – Usage Drops in January. Stocks to Watch – AXP, V, MA, DFS

Wall StreetConsumer credit jumped in January, but there was a caveat – credit card usage declined. This could pressure earnings for card issuers who depend on free-spending consumers. Continued worries surrounding the economy could be causing consumers to pull-back from purchases after the holidays.

Credit has been expanding for five straight months as consumers come back into the light and make big ticket purchases. It could also be the recession lasted so long that big purchases like automobiles etc are in need of replacement. That could be leading to the disconnect between the strength in credit and the decline in credit card usage. [Read more...]

7 NASDAQ Stocks Stumbling This Morning: DNDN, SIGM, ZLTQ, FSYS, SMTC, DSCO, GMCR

NasdaqStocks are trading higher this morning thanks to optimism that Greece will complete its debt swap deal. Investors seemed to ignore the slightly negative jobless data today as weekly claims jumped 8,000 last week to 362,000. Economists were expecting claims to remain at 351,000. The major stock indices have given up some of their early gains, but remain positive right now. The Dow is up 40 points, the Nasdaq is up 17 points and the S&P 500 is up 7 points.

Dendreon Corporation (NASDAQ:DNDN) is down 14.90% this morning at $9.25. DNDN has traded 13.1 million shares so far today, 3 million shares more than its daily average. DNDN shares are taking a hit today after its rival Johnson & Johnson’s prostate drug beats placebo in trial. The company has a market cap of 1.35 billion. [Read more...]

Stocks Jump on Renewed Greek Hopes. Stocks to Watch: IPSU, ARUN, CLWR, AMLN, AEO, AIG, NFLX

Stock FuturesStock futures are sharply higher as the risk-on appetite returns to the street. Investors are optimistic that the Greek debt-swap will go off without a hitch, and that is sending the market higher. The central banks of Europe are scheduled to meet and jobless claims reign over the market this morning.

Dow futures are currently up 85 points to 12,926. Nasdaq 100 futures are up 17.50 to 2,626. The S&P 500 futures are rounding out the pre-market gains, up 11.25 to 1,364.

Jobless claims jumped 8k from last week. The number still remains under the 400k barrier that is a signal for positive labor growth. This shows that the recovery, while taking hold, is rather anemic. If the market was a looking for the catalyst to blow by Dow 13k, this is not it.

Internationally it is all about Greece. A successful auction will give rise to optimism the market desperately needs. Asia also broke their three-day losing streak on the back of the domestic rally yesterday. [Read more...]

Active Penny Stocks to Watch for March 8

penny stocksThe markets rebounded today on the back of positive payroll data. The ADP report came out saying there was an increase of over 260l jobs in February. What the translates to the unemployment rate will be revealed on Friday. The rally domestically is having a carryover effect in Asia. Asian markets are all advancing on the back of the US rally along with optimism over the Greek debt-swap. It remains to be seen if this will give the markets some clear direction in which way to head.

Penny Stocks to Watch

Discovery Laboratories, Inc. (NASDAQ:DSCO) closed the day up 8.80% today at $4.08. DSCO traded 25.8 million shares today, well above its daily average of about 1 million shares. DSCO shares rallied today after the company’s drug, Surfaxin, was approved by the FDA. The company has a market cap of 99.96 million. [Read more...]

Stocks to Watch With Heavy Options Trading: AMZN, AAPL, GM, ORCL, SPY, C

Wall StreetStocks continue to build onto their gains in afternoon trading as each of the major indices are up more than 0.5%. The market rebounded today after yesterday’s decline thanks to better than expected economic data. With about an hour left in the trading day the Dow is up 81 points, the Nasdaq is up 26 points and the S&P 500 is up 9 points.

Options Trading

Amazon.com, Inc. (NASDAQ:AMZN) is up 1.36% this afternoon at $183.59. AMZN has traded 3.7 million shares so far today and trades 6.1 million shares a day on average. Weekly March 9 AMZN options are seeing decent volume today with over 10,000 contracts traded at strike prices $185. Calls at $185 have traded over 7,000 contracts and are up $0.57 at $1.60. Puts have traded more than 3,000 contracts and are down $2.66 at $2.44. [Read more...]

Midday Movers: VRML, KERX, SYNM, GCA, VLO, HDY

NYSE stocksVermillion, Inc. (NASDAQ:VRML) is down 28% in midday trading at $2.16. VRML is tumbling on heavy volume today with 4.2 million shares traded so far today. The stock trades 293 thousand shares a day on average. VRML shares are slipping today after they rallied more than 100% yesterday following news of Category 1 CPT code approval for OVA1. Vermillion was also downgraded by Ladenburg Thalmann today sell from neutral. The company has a market cap of 31.79 million.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is down 9.20% today at $3.98. KERX has traded 3.3 million shares so far today, about double its daily average volume. KERX shares are continuing their drop from yesterday and have fallen more than $1 in the past two days. The company has a market cap of 276.99 million. [Read more...]

Gold Price Break Downward Streak, Gold Stocks to Watch

Gold pricesGold prices are looking to break a multi-day losing streak today. Gold is currently trading up $12.30 at $1,684.40. The price of gold took a hit along with everything else in yesterday’s market wide sell off. Everyone’s favorite bear, Marc Faber, continues to be a big bull when it comes to gold. He believes that a war between in Iran and Israel is “almost inevitable.” Faber recommends investors “have to be in gold and stocks.”

As long as today’s market rally continues, it looks like gold should close positive. [Read more...]

NASDAQ Stocks Rallying With Market: TRCR, BONT, TBET, AGEN, SNSS, CIEN

list of nasdaq stocksStocks are rallying today, one day after taking their biggest hit in recent months. Greece continues to be in focus, but better than expected economic data helped lift stocks today. According to the ADP National Employment Report, private employers created 216,000 jobs last month. This beat expectations of 208,000. Investors are also looking ahead to Friday’s monthly government jobs report. Many economists are expecting a gain of 210,000 in nonfarm payrolls and 225,000 jobs in the private sector.

Greece will stay in the spotlight for many investors at least until the Thursday night deadline for the country’s creditors to take the credit swap deal passes. Financials are helping lift the stock market today with Bank of America Corp. (NYSE:BAC) up more than 2% and Morgan Stanley (NYSE:MS) up more than 3%. Apple Inc. (NASDAQ:AAPL) is also seeing a 1% jump today as investors and consumers eagerly await the unveiling of the iPad 3 later today.

At noon the Dow is up 74 points, the Nasdaq is up 27 points and the S&P 500 is up 8 points. [Read more...]

ADP Numbers Buoy Stock Futures. Stocks to Watch: DSCO, NFLX, ZNGA, MU, RENN, P, CSIQ

Stock FuturesAfter yesterday’s drubbing, the market is looking to regain some of its footing. Greek debt worries still remain, but it seems the ‘shrugging off’ attitude has returned to the street. Plus there is going to be a new iPad today. Nothing like a shiny new toy to shift attention. Dow futures are currently up 44 points to 12,788. Nasdaq 100 futures are up 11.25 points to 2,601. The S&P 500 futures are rounding out the pre-market gains, up 5 points to 1,347.

Private sector employment numbers continue to show growth, adding 216k jobs in February. What this translates to the non-farm payrolls will be unveiled later this week. Probably not as good, but this is a positive sign for the labor market.

Most of the major markets are rebounding after yesterday’s losses. More of a take a breather day. The exception being Asia, which responded to the red day on the street. [Read more...]

Stocks Fall Big on Stock Market Today: SNSS, UVXY, MWW, AEZS, KERX, BVSN

Wall StreetStocks are taking a licking today as Greek fears sends the Dow down more than 200 points. Greece is just one of many worries investors are facing right now including slower growth in China and in Europe. Even gold, which is seen as a flight to safety, is getting hit hard today. Oil prices are also dropping today and are currently around $105/barrel, down from nearly $110 last week.

There are some positive stocks in the stock market, but they are few and far between. Let’s take a quick look at some of the more active stocks today.

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) is up 17.65% this afternoon at $2.40. Analysts coverage was initiated today on SNSS by Canaccord Genuity and has a buy rating right now. Volume is well above average today with over 1.8 million shares traded, the stock trades about 156 thousand shares a day on average. The company has a market cap of 113.51 million. [Read more...]

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