Another day, more Euro concerns. A meeting of the EU finance ministers is ongoing and investors are waiting to see what kind of kick the can measures Europe can possibly come up with now. Their summit from last week last week did little calm the rolling markets.
Currently Dow futures are down 36, the Nasdq 6 and the S&P 4 points.
Domestically, investors are still digesting the NFP report from Friday which showed a continued anemic job market. Earning season is also set to kick off with Alcoa coming up early this week. Sign Up For Free Stock Alerts
In commodities oil and gold are both positive in early trading. Oil prices have been whipsawing in the mid $80s as economic conditions and tensions in the middle east battle for supremacy. Nymex futures are currently up 52 cents to nearly $85 per barrel. Gold is up $7.60 to $1,586.40 per ounce.
Stocks to Watch
Sirius XM Radio Inc. (NASDAQ:SIRI) is up 3.67% in pre market trading at $2.12. SIRI has traded 1.1 million shares so far today and trades 50.3 million shares a day on average. SIRI shares are up this morning after the company raised its full year subscription and revenue guidance. The company has a market cap of 7.77 billion.
Staoil ASA (NYSE:STO) is up 0.13% in pre market trading at $23.30. STO has traded 501 thousand shares already this morning and trades 1.6 million shares a day on average. STO shares fell late last week from around $24.50 to nearly $23. The company has a market cap of 74.06 billion. Sign Up For Free Stock Alerts
Nokia Corporation (NYSE:NOK) is down 3.12% in pre market trading at $1.86. NOK has traded 124 thousand shares so far today and trades 42.16 million shares a day on average. NOK shares have fallen more than 35% over the past month as the company’s business continues to struggle. The company has a market cap of 7.12 billion.
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is up 3.10% this morning at $11.46. ARNA has traded 172 thousand shares so far today and trades 23.7 million shares a day on average. ARNA shares have bounced around $2 a share over the past two weeks after the stock dipped some following approval of its weight loss drug. The company has a market cap of 2.03 billion.
Bank of America Corporation (NYSE:BAC) is down 0.39% in pre market trading at $7.63. BAC has traded 188 thousand shares so far today and trades 195.8 million shares a day on average. BAC shares have fallen close to $0.60 a share a share over the past week. The company has a market cap of 82.55 billion. Sign Up For Free Stock Alerts
Facebook, Inc. (NASDAQ:FB) is up 1.42% in pre market trading at $32.18. FB has traded 52 thousand shares this morning and trades 34.88 million shares a day on average. FB shares are up 17% in the past month after a rocky IPO. The company has a market cap of 67.84 billion.
About Kyle Pinder
