Stocks On Edge Due to Growth Concerns. Stocks to Watch: HNR, MWW, SWY, ONTY, KERX, FRO, NTRI

Stock Futures

Deja vu time folks. Greece. With the bond swap deal supposed to take place this week, investors are waiting to see the outcome of the deal. Markets are also coming off the massive liquidity high of last week’s LTRO out of the ECB. All in all, it is making for an interesting market day. Dow futures are currently down 86 points to 12,875. Nasdaq 100 futures are off 19 points to 2,597. The S&P 500 futures are rounding out the losses pre-market, down 10.50 points to 1,354.

Investors are worried that any future liquidity injections will require an external event, and a rather bad one. That has nervousness creeping back into the market as they look to see what domino could possibly fall next.

China’s growth cut is not helping matters, and is giving rise to the fears that another downturn could be on the horizon.

Europe was rattled overnight after a Reuters report said that a disorderly default in Greece could cause over one trillion euros in damage, including over 150 billion euros in bank recapitalization losses. Needless to say that rattled a few nerves.

Domestically, we are at the mercy of international stage. The economic data calendar is clear with the next major piece being payroll data later this week. All we have is Super Tuesday today. Makes you wish for a flash crash. Anything but listening to Romney and Santorum talk.

The downturn in futures is bleeding over into commodities. Nymex futures are currently down $1.09 to $105.63. Tensions with Iran will keep the prices above the 100 mark for the foreseeable future.

Stocks to watch today include Harvest Natural Resources, Inc. (NYSE:HNR), Monster Worldwide, Inc. (NYSE:MWW), Safeway Inc. (NYSE:SWY), Oncothyreon Inc. (NASDAQ:ONTY), Keryx Pharmaceuticals (NASDAQ:KERX), Frontline Ltd. (NYSE:FRO) and NutriSystem Inc. (NASDAQ:NTRI).

Harvest Natural Resources Inc. (NYSE:HNR) is up 11.50% in pre market trading at $6.98. HNR shares are rising this morning after the company provided an operational update. Harvest Natural reported 2011 Venezuela production was around 11.39 million barrels of oil for a daily average of 31,205 barrels per day. That is an increase of 214.82 million. The company has a market cap of 214.82 million.

Monster Worldwide, Inc. (NYSE:MWW) is up 7.05% in pre market trading at $8.05. MWW shares are up today as the company hires bankers for strategic plan. MWW trades nearly 4 million shares a day on average. The company has a market cap of 884.56 million.

Safeway Inc. (NYSE:SFW) is up 2.58% in pre market trading at $22.66. SWY shares are heading higher this morning thanks to an upbeat 2012 guidance. Safeway is forecasting earnings between $1.90 and $2.10 a share in 2012, beating estimates of $1.80. The company has a market cap of 5.92 billion.

Oncothyreon Inc. (NASDAQ:ONTY) is down 40.55% in pre market trading at $5.00. ONTY shares are getting destroyed today after the company posted fourth quarter results. Oncothyreon reported a net operating loss of $24.7 million in the fourth quarter compared to $19.5 million last year. The company has a market cap of 358.96 million.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is down 7.09% in pre market trading at $4.58. KERX has traded 185 thousand shares already this morning and trades 1.6 million shares a day on average. KERX shares are dipping some today after the stock’s big rise yesterday. The company has a market cap of 350.85 million.

Frontline Ltd (NYSE:FRO) is down 3.80% in pre market trading at $5.07. FRO shares are down again today and have dropped more than $0.70 in the past five days. FRO trades close to 2 million shares a day on average. The company has a market cap of 410.31 million.

NutriSystem Inc. (NASDAQ:NTRI) is down 12.88% in pre market trading at $10.35. NTRI shares are plunging today on a weak fourth quarter and outlook. The company reported a fourth quarter loss of $0.04 per share compared to income of $0.25 per share in the same quarter last year. Nutrisystem expects to earn between $0.45 and $0.55 per share for 2012, analysts were expecting $0.92 per share. The company has a market cap of 322.86 million.

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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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