Stock Futures Edge Lower Ahead of More Earnings Report. Stocks to Watch

Stock FuturesThe lack of economic data today has investors worried about consolidation after yesterday’s snapback rally. Investors are bracing for any disappointments that come out of reporting companies. The reverse is also true, any beats could be a near-term driver of the market to the upside. Dow futures are currently down 25 points. Nasdaq futures are nearly flat, down just over a point. The S&P 500 is off 2.5 points in pre-market trading.

Europe will come back into focus on Thursday as Spain tries to sell long term debt. The successful bond auction yesterday helped lead Europe and the US to sharp rallies. But the risks remain across the continent as nations grapple with short and long term budgetary concerns.

Asian markets tracked the US markets performance and ended their sessions mostly higher.

Commodities are a mixed bag this morning with oil and gold heading in opposite directions. Nymex crude futures are up on alleviated growth concerning, adding 7 cents to $104.27 per barrel. Gold prices are are slipping on the back of a strengthening dollar, down $6.60 to $1,644.70.

Stocks to watch today include Yahoo! Inc. (NASDAQ:YHOO), Catalyst Health Solutions, Inc. (NASDAQ:CHSI), Polaris Industries Inc. (NYSE:PII), Amarin Corporation plc (NASDAQ:AMRN), Deckers Outdoor Corp (NASDAQ:DECK), Cree, Inc. (NASDAQ:CREE) and Intel Corporation (NASDAQ:INTC).

Yahoo! Inc. (NASDAQ:YHOO) is up 3.06% today at $15.47. YHOO has traded 114 thousand shares this morning and trades 17.3 million shares a day on average. YHOO shares are rallying this morning after the company reported first quarter earnings and revenue that beat forecasts. The company has a market cap of 18.22 billion.

Catalyst Health Solutions, Inc. (NASDAQ:CHSI) is up 36.13% this morning at $86.50. CHSI has traded 134 thousand shares in pre market trading and trades 262 thousand shares a day on average. News came out this morning that SXC Health will buy Catalyst for $4.4 billion. The company has a market cap of 2.86 billion.

Polaris Industries, Inc. (NYSE:PII) is up 4% in pre market trading at $76.05. PII has traded 9 thousand shares this morning and trades nearly 800 thousand shares a day on average. PII shares are up this morning as the company beat on earnings and revenue. EPS was $0.08 higher than analysts estimates. The company has a market cap of 5.01 billion.

Amarin Corporation plc (NASDAQ:AMRN) is up 3.26% in pre market trading at $9.83. AMRN trades nearly 6 million shares a day on average. AMRN shares have been trading mostly flat as the stock price whipsaws between $9.50 and $9.90 over the past week. The company has a market cap of 1.29 billion.

Deckers Outdoor Corp. (NASDAQ:DECK) is up 2.34% in pre market trading at $66.52. DECK has traded 2.3 million shares this morning, 300 thousand shares more than its daily average. Deckers was upgraded to neutral from underperform at Sterne Agee. The company has a market cap of 2.52 billion.

Cree, Inc. (NASDAQ:CREE) is down 6.43% this morning at $29.86. CREE has traded 16 thousand shares so far today and trades 3.3 million shares a day on average. CREE shares are dipping this morning as earnings disappoint. Cree posted revenue of $285 million for the third quarter, below estimates of $301 million. The company has a market cap of 3.69 billion.

Intel Corporation (NASDAQ:INTC) is down 2.63% in pre market trading at $27.72. INTC has traded 150 thousand shares this morning and trades 40 million shares a day on average. The company has a market cap of 142.24 billion.

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About Danny Fisher

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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