Futures Set to Push Market Higher, Stocks to Watch: CSIQ, AAPL, BAC, S, ECYT CLWR, SIRI

Dow futures are set for a rebound after yesterday’s late sell-off. Currently the Dow futures are up 92 points at 11,795. The Nasdaq futures are adding 21 points at 2,234, and the S&P is tacking on 12.50 to 1,211.50. Looks like a green open is in store for the U.S markets.

After yesterday’s sell-off all eyes were back on Europe this morning. This time they received a pleasant surprise. Business confidence numbers out of German beat expectations leading to a rise in European markets. The Stoxx 600 index was leading the markets into the green, currently up .3% in intraday trading.

Spain’s successful bond auction also lifted investor sentiment in the region. Debt costs began to fall after a three year liquidity offer from the European Central Bank.

The Euro also saw a modest rise further above the $1.30 level. It should be noted that most analysts agree that any bullish move within the Euro is tenuous at best. Any piece of bad news will have the currency back to 2011 lows.

Economic data for the US is thin today, the only major piece is housing starts number at 8:30am EST.

Commodity prices saw gold rising nearly $12 to regain its footing above the $1600 per ounce level. Oil prices are also rebounding , up nearly a percent to $95.32.

Stocks to watch this morning include Canadian Solar Inc. (NASDAQ:CSIQ), Apple Inc. (NASDAQ:AAPL), Bank of America Corporation (NYSE:BAC), Sprint Nextel Corporation (NYSE:S), Endocyte, Inc. (NASDAQ:ECYT), Clearwire Corporation (NASDAQ:CLWR) and Sirius XM Radio Inc. (NASDAQ:SIRI)

Canadian Solar Inc. (NASDAQ:CSIQ) is up 32.58% in pre market trading at $2.93. CSIQ has traded 17 thousand shares already this morning and trades 846 thousand shares a day on average. Canadian Solar and TransCanada Corporation announced a sales agreement for 86MW Solar PV project portfolio in Ontario, Canada. Canadian Solar has a market cap of 96.04 million.

Apple Inc. (NASDAQ:AAPL) is up 0.91% in pre market trading at $385.69. AAPL trades 14.02 million shares a day on average. Despite yesterday’s sell off, Apple finished in positive territory. The company has a market cap of 355.23 billion.

Bank of America Corporation (NYSE:BAC) is up 1.71% in pre market trading at $5.07. BAC has traded 816 thousand shares so far this morning and trades 262 million shares a day on average. Bank of America is looking to rebound with the market this morning after losing more than 4% yesterday. Bank of America has a market cap of 50.53 billion.

Sprint Nextel Corporation (NYSE:S) is up 6.94% in pre market trading at $2.31. S has traded 69 thousand shares this morning and trades 35.97 million shares a day on average. Over the past five trading days, Sprint stock has fallen from $2.50 to a low of $2.15. The company has a market cap of 6.47 billion.

Endocyte, Inc. (NASDAQ:ECYT) is up 6.37% in pre market trading at $3.34. ECYT trades 637 thousand shares a day on average. ECYT has fallen from a high of over $4 last Tuesday to just over $3 yesterday. The company has a market cap of 112.22 million.

Clearwire Corporation (NASDAQ:CLWR) is up 5.91% in pre market trading at $2.14. CLWR has traded 40 thousand shares already this morning and averages 17 million shares a day. CLWR is down about $0.20 a share since last Tuesday. Clearwire has a market cap of 1.86 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 1.10% in pre market trading at $1.83. SIRI has traded 50 thousand shares so far this morning and trades 57.33 million shares a day on average. SIRI stock has been trading relatively flat the past five trading days. Sirius has a market cap of 6.79 billion.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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