2011 December

Most Active Stocks In Afternoon Trading: BAC, C, INTC, SIRI, MSFT, AAPL

Bank of America Corporation (NYSE:BAC) is down 1.43% in afternoon trading at $5.52. BAC is trading relatively light volume today with only 88 million shares. BAC stock averages 265 million shares a day. BAC has rallied more than $0.40 since last Thursday when it was trading around $5.10 a share. The company has a market cap of 56 billion.

Citigroup, Inc. (NYSE:C) is down 1.18% today at $27.14. C has traded 16 million shares so far today and trades 59 million shares a day on average. Over the past five trading sessions, Citigroup has jumped nearly $2 a share. The SEC announced today they have filed an emergency request to put its securities fraud lawsuit against the company on hold as it moves ahead with a proposed settlement with the bank. The company has a market cap of 79.35 billion. Learn Option Trading The Easy Way

Intel Corporation (NASDAQ:INTC) is up 1.02% in afternoon trading today at $24.65. INTC has traded 15.7 million shares today and usually averages 61.4 million shares a day. Intel is reportedly bringing its Thunderbolt technology to non-Mac PCs as soon as April of next year. It is reported that Sony and Asus will be among the first to get the technology. The company has a market cap of 125.32 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 0.28% today at $1.8150. SIRI has traded 15 million shares so far today and trades 62.1 million shares a day on average. SIRI stock has been trading in a range between $1.70 and $1.90 for more than a month now. The company has a market cap of 6.79 billion.

Microsoft Corporation (NASDAQ:MSFT) is up 0.19% in afternoon trading at $26.08. MSFT has traded 12.6 million shares so far today and trades 53.9 million shares a day on average. Microsoft is looking to have a big showing at the upcoming CES which will also be their last. The company has a market cap of 219.39 billion. Learn Option Trading The Easy Way

Apple Inc. (NASDAQ:AAPL) is up 1.16% today at $407.99. AAPL has traded 7 million shares so far today and trades 17 million shares a day on average. AAPL stock has been on a tear the past week or so, jumping nearly $20 a share. The company has a market cap of 379.47 billion.

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

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.

Stocks Down This Morning: SHLD, CSC, SPWR, MOTR, SD, NOK

Sears Holdings Corporation (NASDAQ:SHLD) is down 19.83% this morning at $36.76. SHLD has traded 2.7 million shares so far today, 4 times its daily average. Sears is heading down this morning after announcing poor holiday sales and the closure of 100 to 120 Kmart, Sears stores. The company has a market cap of 3.92 billion.

Computer Sciences Corporation (NYSE:CSC) is down 7.93% this morning at $24.38. CSC has traded 851 thousand shares so far today and trades 2.2 million shares a day on average. CSC stock is down today after the company warned of $1.5 billion write-down. The company has a market cap of 3.80 billion. Short Sell Your Way to Profits

SunPower Corporation (NASDAQ:SPWR) is down 6.67% in early trading at $5.60. SPWR has traded 499 thousand shares so far today and trades 852 thousand shares a day on average. The company has a market cap of 555.98 million.

Motricity, Inc. (NASDAQ:MOTR) is down 6.42% this morning at $1.02. MOTR has traded 895 thousand shares so far today today, above its daily average of 793 thousand shares. MOTR stock is dipping this morning after it ran from $0.80 to $1.15 last week. The company has a market cap of 46.39 million. Short Sell Your Way to Profits

SandRidge Energy, Inc. (NYSE:SD) is down 5.02% in early trading at $8.16. SD has traded 3.6 million shares so far today and trades 12.3 million shares a day on average. SD went up $2 a share last week. The company has a market cap of 3.29 billion.

Nokia Corporation (NYSE:NOK) is down 2.24% this morning at $4.81. NOK has traded 3.6 million shares and 29 million shares a day on average. NOK stock rose $0.25 a share last week. The company has a market cap of 17.92 billion.

6 Stocks Under $6 Heading Up In Early Trading: MHR, CSA, RAM, DCTH, BPAX, BRCD

Magnum Hunter Resources Corp. (NYSE:MHR) is up 14.35% this morning at $5.34. MHR has traded 2.4 million shares so far today and trades 3.6 million shares a day on average. MHR stock is up this morning after the company raised production outlook. The company has a market cap of 725.12 million.

Cogdell Spencer Inc. (NYSE:CSA) is up 9.18% this morning at $4.28. CSA has traded 2.1 million shares today, 7 times its daily average. CSA stock is up today on news that Ventas will acquire the company for $4.25 per share in cash. The company has a market cap of 218.29 milllion. Learn Option Trading The Easy Way

RAM Energy Resources, Inc. (NASDAQ:RAM) is up 10.93% this morning at $2.74. RAM has traded 2.6 million shares so far today, well above its daily average of 548 thousand shares. RAM is continuing to rally after announcing last week they sold majority stake to private company. The company has a market cap of 212.78 million.

Delcath Systems, Inc. (NASDAQ:DCTH) is up 3.51% today at $2.95. DCTH has traded 433 thousand shares so far today and trades 515 thousand shares a day on average. Delcath is up today after announcing agreement with the Frankfurt University Hospital for launch of hepatic CHEMOSAT delivery system in Germany. The company has a market cap of 145.90 million.

BioSante Pharmaceuticals, Inc. (NASDAQ:BPAX) is up 10.18% this morning at $0.5316. BPAX has traded 1.2 million shares so far today and trades 3.4 million shares a day on average. BPAX has been bouncing back the past week or so after the stock plunged after their “female viagra” drug failed late-stage trials. BPAX could also be rallying as traders get ready for an FDA approval decision coming up on February 14, 2012. The company has a market cap of 57.60 million. Learn Option Trading The Easy Way

Brocade Communications Systems, Inc. (NASDAQ:BRCD) is up 5.32% this morning at $5.44. BRCD has traded 1.4 million shares so far today and trades 8.6 million shares a day on average. The company has a market cap of 2.47 billion.

Gold Prices Down Slightly As China Clamps Down On Gold Trading

Gold prices are down some this morning on news that all but two gold exchanges in China will be closed. Gold exchanges have been popping up like crazy in China as spot prices for gold have soared recently.

“No local authority, institution or individual is allowed to set up gold exchanges,” said the notice dated December 20 and jointly issued by the People’s Bank of China, the Ministry of Public Security and other regulators.

The Shanghai Gold Exchange and the Shanghai Futures Exchange will be left open and China believes will be enough to meet domestic investor demand. Maximize Your Trades With Profitly

Existing exchanges have been informed to stop offering new services. The central bank also said it would lead a team to clear up this problem. They said they will alter or close the gold exchanges and that some people will be under police investigation. One official at a gold exchange told Reuters they have not received any specific instructions.

“But the talk of a crackdown has been going on for a while,” he said. “Of course, this affects our business.”

Gold prices for Feb 2012 delivery are down 0.60% this morning at $1,596.30.

Check out the price of gold today.

Futures Modestly Lower as Sears Buckles. Stocks to Watch: AAPL, PARL, CLWR, FRO, MU, CALM

The holiday hangover is in full effect with the Dow futures shedding 15 points to 12,202. Nasdaq futures are also off fractionally, down 1 point to 2,278. The S&P futures are also negative, off 2.50 points to 1,257.75.

The economic data slate is stacked this morning with the Case Shiller hone price-index expected to release at 9am EST. At 10am EST, consumer confidence numbers are expected. A survey of economists show consensus expectations of a rise in consumer confidence from 56 to 60.

These data points are on the heels of the Labor Department announcing that initial claims had fallen to 364,000, the lowest since April 2008. Maximize Your Trades With Profitly

In the retail world, Sears Holdings announced it would close 100 to 120 Kmart stores due to lackluster sales performances. The company reported that earnings would fall by more than half when compared to a year ago.

European markets are still just now getting started after a long holiday weekend, with London remaining closed. Both French and German markets were edging higher on data expectations out of the United States. The Dax 30 was up .3% to 5,898, while the French CAC 40 index added .4% to 3,113.87.

Commodity trading was mostly flat coming off the long holiday with Nymex crude futures flat in trading.

Stocks to watch this morning include Apple Inc. (NASDAQ:AAPL), Parlux Fragrances, Inc. (NASDAQ:PARL), Clearwire Corporation (NASDAQ:CLWR), Frontlione Ltd. (NYSE:FRO), Micron Technology, Inc. (NASDAQ:MU) and Cal-Maine Foods, Inc. (NASDAQ:CALM)

Apple Inc. (NASDAQ:AAPL) is down slightly in pre market at $403.04 this morning. AAPL has traded around 3 thousand shares in early trading and trades 12.87 million shares a day on average. Apple’s Italian retail organizations were fined a total of 900 thousand euros by Italy’s Antitrut Authority for not providing clear information to customers on product assistance. Over the past five trading days, AAPL stock is up more than $20 a share. The company has a market cap of 374.86 million. Maximize Your Trades With Profitly

Parlux Fragrances, Inc. (NASDAQ:PARL) is up 94.52% in pre market trading at $6.75. PARL stock is up this morning after Perfumania Holdings announced a deal to buy the company for $170 million. PARL trades 26.8 thousand shares a day on average. The company has a market cap of 72.07 million.

Clearwire Corporation (NASDAQ:CLWR) is up 2.04% in pre market trading at $2.00. CLWR trades on average 17.59 million shares a day. CLWR trades relatively flat last week except last Tuesday when the stock fell from $2.10 to $1.90. The company has a market cap of 1.8 billion.

Fronline Ltd. (NYSE:FRO) closed Friday up 6.33% at $4.20. FRO trades 3.2 million shares a day on average. Heading in to 2012, Frontline will announce preliminary fourth quarter and financial year 2011 results on February 2012. The company has a market cap of 327.01 million.

Micron Technology, Inc. (NASDAQ:MU) is up 0.23% in pre market trading at $6.41. MU trades 32.61 million shares a day on average. Late last week, MU stock jumped nearly $1 a share after the company said demand in the PC market should improve early next year. The company has a market cap of 6.32 billion.

Cal-Maine Foods, Inc (NASDAQ:CALM) is up 5.11% in pre market trading at $36.00. Cal-Maine announced income jumped 53% in its fiscal second-quarter thanks to strong retail demand during the holidays. CALM trades 71.4 thousand shares a day on average. The company has a market cap of 817.58 million.

Jim Rogers On What He Expects In 2012

Jim Rogers was on Australia’s Finance News Network a few days ago and is as pessimistic as ever on the stock markets in 2012.

When asked about global growth in the next year, Rogers said he is not too optimistic on global growth in the next few years. He points out that debt is the biggest risk to global growth and the extensive money printing.

Rogers also believes that Americans are too optimistic about the economy. When asked about what concerns him about the state of American fiscal affairs. “The Central Bank. I mean the Central Bank controls monetary affairs, but the Central Bank keeps buying government debt and the congress keeps spending government money so the combination of the federal government including the Central Bank really scare me.” Maximize Your Trades With Profitly

Rogers also believe that printing money does nothing more than “buy time” before an inevitable collapse.

After discussing U.S., European debt and a potential Chinese slowdown, Jim was asked how he sees the global markets reacting in 2012.

“Well I’m not optimistic for the most part about stock markets. I don’t own many stocks anywhere in the world. The only offset of the caveat for me is the fact that there is an election in the US, in Spain – sorry in France, a few other places. So whenever there are elections coming governments spend, spend, spend they throw money out the window to buy votes. So some people are going to be much better off in 2012. Is it enough to offset the world’s problems? I don’t think so, except in some sectors which will benefit.”

Rogers is a big advocate of owning commodities because in his words, “If the market gets better, then commodities will do well because of the shortages.” Rogers is short stocks and also owns some currencies.

He believes that if the global economy doesn’t start to turn around, there will be wide spread problems in stock markets leading to more money printing. When that happens he says the best thing to do “is to own real assets.” Maximize Your Trades With Profitly

You can watch the full interview below.

Sony Sells LCD Venture Stake To Samsung

Sony Corp (NYSE:SNE) will sell its LCD venture stake with Samsung Electronics to the company for $940 million as it tries to shore up losses in its TV business.

The venture cut its capital by 15% earlier this summer an industry sources had said Sony was negotiating an exit with the intent to switch to cheaper outsourcing for flat screens for their TVs. Meanwhile, Samsung will push ahead with next-generation displays.

“In terms of direction it is a positive (for Sony),” said Keita Wakabayashi, an analyst at Mito Securities in Tokyo, about the deal. “But if they are making a loss on the sale, one could ask why they didn’t make this decision sooner.”

“Their biggest problem is that they are not making a profit even though they don’t have many plants,” he said.

Sony warned last month of a fourth straight year of net losses with its TV unit losing $2.2 billion on falling demand and a surging yen.

Sony has been trying to strengthen their position in other markets as well including the smartphone market. Back in October, Sony took control of its mobile phone joint venture with Ericcson for $1.5 billion.

The company is hoping to take advantage of its music and video content and compatibility with TVs and tablet computers as it tries to catch up with market leaders such as Apple Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOG).

Standard & Poor’s Euro Zone Ratings Coming In January

The ratings agency is expected to release its report on debt ratings for 15 euro zone countries in January according to two European government sources talking to Reuters.

“We have got an informal signal from Standard & Poor’s that they will come only in January,” said one source to Reuters.

“In conversations we have had, they have let this be known if you read between the lines,” he added.

The source could only talk about his country but assumes all countries will learn of the decision at the same time.

Another euro zone source told Reuters that S&P’s decision will come likely come next month.

Back in early December, the ratings agency warned that it may carry out a mass downgrade of credit ratings on euro zone countries if EU leaders failed to come up with a solution at the Dec. 9 summit.

The S&P placed 15 euro zone countries on credit watch negative including top rated Germany and France and cited “systemic stresses” were building up as credit conditions tighten even more in the EU.

Credit watch negative means there is a possibility of a downgrade within three months and S&P said it would conduct their review “as soon as possible” after the summit.

Other credit ratings agencies have been watching Europe. Moody’s kept Austria’s top rating on Friday and said it would rate the other EU countries in the first quarter of next year.

Stocks Heading South In Early Trading: CAMP, OCLS, UAL, LDK, SFLY, PHH, PCX

CalAmp Corp. (NASDAQ:CAMP) is down 14.23% today at $4.40. CAMP has traded 419 thousand shares so far today, more than four times its daily average. The company posted fiscal third quarter results late yesterday and the results beat analysts’ expectations. The company has a market cap of 126.29 million.

Oculus Innovative Sciences, Inc. (NASDAQ:OCLS) is down 11.67% this morning at $1.15. OCLS has traded 199 thousand shares so far today, three times its daily average. Oculus announced this morning they will raise $2 million in registered direct offering. The company will issue 1.8 million shares at a price of $1.15 per share. Oculus has a market cap of 30.89 million.

United Continental Holdings, Inc. (NYSE:UAL) is down 7.50% today at $18.74. UAL has traded 5.12 million shares so far today and trades 6.64 million shares a day on average. UAL is down today after the company forecasted a decline in fourth quarter traffic. The company has a market cap of 6.20 billion.

LDK Solar Co. (NYSE:LDK) is down 7.06% in early trading at $4.87. LDK has traded 1.01 million shares so far today and trades 2.41 million shares a day on average. LDK is selling off some today after the stock jumped up about $0.50 yesterday. LDK Solar has a market cap of 704.52 million.

Shutterfly, Inc. (NASDAQ:SFLY) is down 4.66% today at $29.93. SFLY has traded 2.52 million shares so far today, about a million more shares than it trades on average every day. SFLY stock is heading down today after the company cuts fourth quarter revenue guidance. The company has a market cap of 827.60 million.

PHH Corporation (NYSE:PHH) is down 4.68% today at $10.59. PHH has traded 1.22 million shares so far today and trades 1.25 million shares on average. PHH has dropped more than $4 a share this month. PHH Corp has a market cap of 596.68 million.

Patriot Coal Corporation (NYSE:PCX) is down 4.17% today at $9.09. PCX has traded 2.89 million shares so far today and trades 6.13 million shares a day on average. The company has a market cap of 830.18 million.

5 Stocks Bouncing This Morning: RMBS, RAM, SPWR, TRIP, SD

Rambus Inc. (NASDAQ:RMBS) is up 15.44% this morning at $8.45. RMBS has traded 2.4 million shares so far today and trades 2.7 million shares a day on average. Rambus signed a patent licensing deal with Broadcom Inc. and resolved all previous claims related to its technology. Rambus did not disclose any financial details or specifics on which patent technology was part of the deal. The company has a market cap of 940.17 million.

RAM Energy Resources, Inc. (NASDAQ:RAM) is up another 10% today at $2.20. RAM has traded 1.7 million shares so far today, well above its daily average of 337 thousand shares. RAM Energy saw a huge gain yesterday after the company announced it sold majority stake to private company. The company has a current market cap of 174.17 million.

SunPower Corporation (NASDAQ:SPWR) is up 7.18% this morning at $6.27. SPWR has traded 1.4 million shares so far today, more than double its daily average. SunPower is bouncing up today after Total agrees to buy shares at a 50% premium. SunPower has a market cap of 621.08 million.

TripAdvisor, Inc. (NASDAQ:TRIP) is up 5.18% today at $25.80. TRIP has traded 650 thousand shares so far today and trades 1.5 million shares a day on average. TRIP is bouncing back today after falling from $30 a share on Wednesday. TripAdvisor has a market cap of 3.22 billion.

SandRidge Energy, Inc. (NYSE:SD) is up 1.95% in pre market trading at $8.50. SD has traded 10.1 million shares so far today and averages 12.1 million shares a day. The company announced today it is done buying Mississippi acreage and that its wells in the state have “surprised to the upside” with natural gas. SandRidge Energy has a market cap of 3.41 billion.

Consumer Spending Weak In November

Consumers spending only rose 0.1% in November matching October’s rate despite November typically being the top month leading into the holidays with Black Friday and Cyber Monday sales. Consumer spending was held down as incomes rose by only 0.1%.

Both of these figures fell below expectations. Economists were hoping for solid increases in the last three months of the year to boost the economy in an otherwise disappointing year. If you take inflation into account, disposable income was flat for November after rising 0.3% in October.

“The lack of real income growth really raises questions as to what is going to happen to the economy in the first quarter,” said Mark Vitner, senior economist at Wells Fargo Securities in Charlotte, N.C.

Some analysts believe these disappointing numbers will probably mean lower economic growth than many expected. Instead of growing at 3% in the October-December quarter, the economy will likely grow at 2.5% according to Paul Ashworth, chief U.S. economists at Capital Economics.

The savings rate fell 3.5% in November, down slightly from 3.6% drop in October. Both of these figures are the highest since 2007. The figures indicate that consumers are tapping into their savings in order to finance their spending because of weak income.

One bright spot for the U.S. economy is that the jobs market appears to be improving. Last week, the Commerce Department said new claims for unemployment benefits fell by 4,000 to 364,000. It was the third consecutive week seeing a drop.

Many economists do not expect to see much growth in 2012. Analysts at JPMorgan are predicting the economy will expand at 1.9% in 2012, slightly better than this year.

The markets haven’t really reacted to this news in any major way. Volume should be the lowest its been all week as many investors have already headed home for Christmas. The Dow is up 26 points, the Nasdaq is up 7 points and the S&P is up slightly at 3 points.

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