AMEX:YMI

Stocks Up In Pre Market Trading: YMI, CLWR, URBN, RPRX, CLSN, NFLX

December 13, 2011 By Leave a Comment

Stocks are set to open higher this morning as investors are looking forward to the Fed’s assessment of the U.S. economy. Let’s take a look at some stocks that are up in pre market trading.

YM BioSciences Inc. (AMEX:YMI) is up 27.40% in pre market trading at $1.86. YMI has traded 360 thousand shares so far today and trades 1.65 million shares a day on average. YMI is up today after the company released an update for its Phase I/II data for CYT387. YM BioSciences has a market cap of 170.40 million.

Clearwire Corporation (NASDAQ:CLWR) is up 2.82% in pre market trading at $2.19. CLWR has traded 229 thousand shares so far in early trading and trades 15.92 million shares a day on average. The company has a market cap of 1.95 billion.

Urban Outfitters, Inc. (NASDAQ:URBN) is up 12.06% at $29.65 in pre market trading. URBN has traded 141 thousand shares this morning and trades 3.44 million shares a day on average. Urban Outfitters is up today after the company gave an upbeat sales update for the current quarter. The company has a market cap of 3.82 billion.

Repros Therapeutics Inc. (NASDAQ:RPRX) is up 17% in pre market trading at $5.99. The stock is up after the company’s Phase 2 data indicates Androxal(R) normalizes testicular function in patients with type 2 diabetes. RPRX trades 40 thousand shares a day on average. The company has a market cap of 62.94 million.

Celsion Corporation (NASDAQ:CLSN) is up 11% in pre market trading at $2.22. CLSN has traded 6 thousand shares this morning and trades 407 thousand shares a day on average. The company has a market cap of 53.38 million.

Netflix, Inc. (NASDAQ:NFLX) is up 3.64% in pre market trading at $78.00. NFLX trades 7.36 million shares a day on average. NFLX jumped more than $4 a share yesterday and is up nearly $8 over the past week or so. Netflix has a market cap of 3.95 billion.

Filed Under: Blog, News, Stocks Tagged With: , , , , ,

Good News out of German Set to Lift Stocks

December 13, 2011 By Leave a Comment

Economic data out of Germany is lifting futures this morning. Economic sentiment in the largest EU economy rose for the first time in 10 months up from its lowest level since December of 2008. Dow futures are up 55 points, the Nasdaq is gaining 15.50 and the S&P is up 7.25.

This good news was followed up by a successful bond auction in Span which exceeded its target of 4.25 billion, selling 4.94 in bonds. This did little to ease the Italian yields which are still trading at unsustainable levels. The Euro climbed almost a percent up to 1.3198, up form its lowest level in 2 months. European blue chips were also up modestly, rising .63%.

The US markets are in a wait and see mode as the the Fed is expected to announce their last policy statement of 2011 today at 2:15pm EST. The broad consensus is that the statement will be a reaffirmation of plans announced earlier in the year. Low interests rates will be held through the middle of 2013 and there will not be an announcement of new asset buying – QE3.

Retail numbers are also expected to hit the street within the hour. Consensus expectations there are a modest rise of .6% after encouraging reports of brisk Black Friday sales.

Energy markets today are holding up after the sell-off yesterday. Crude oil is up just over half a percent while gasoline futures have jumped nearly a percent.

In European markets, the FTSE 100 is up .74% trading at 5468 and the German DAX is up .85% trading at 5834.

Stocks to watch today include YM BioSciences Inc. (AMEX:YMI), Repros Therapeutics Inc. (NASDAQ:RPRX), Clearwire Corporation (NASDAQ:CLWR), Netflix, Inc. (NASDAQ:NFLX), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN) and Urban Outfitters, Inc. (NASDAQ:URBN)

YM BioSciences Inc. (AMEX:YMI) is up 30.82% in pre market trading at $1.91. YMI has traded 143 thousand shares already this morning and trades 1.6 million shares a day on average. YMI is up early after the company reported updated results for Phase I/II study of CYT387, a drug used to treat myelofibrosis. YM Biosciences has a market cap of 170.40 million.

Repros Therapeutics Inc. (NASDAQ:RPRX) is up 17.22% in pre market trading at $5.99. RPRX trades around 40 thousand shares a day on average. The company announced late yesterday that data indicates Androxal(R) normalizes testicular function in men with type 2 diabetes. The company has a market cap of 62.94 million.

Clearwire Corporation (NASDAQ:CLWR) is up 2.35% in pre market trading at $2.18. CLWR has traded 179 thousand shares in early trading and trades 15.9 million shares a day on average. CLWR has traded slightly lower over the past few trading days dropping from a high of $2.50 last week to around $2.20 right now. Clearwire has a market cap of 1.95 billion.

Netflix, Inc. (NASDAQ:NFLX) is up 4.24% in pre market trading at $78.46. NFLX trades about 7 million shares a day on average. NFLX jumped 6% yesterday and is up nearly $8 over the past week. Piper Jaffray reiterated their rating of overweight for Netflix with a price target of $100 a share. Netflix has a market cap of 3.95 billion.

Apple Inc. (NASDAQ:AAPL) is up slightly in pre market trading at $393.95. AAPL trades 14.36 million shares a day on average. AAPL hasn’t seen a lot of movement over the past 5 trading days. The company has a market cap of 364.18 billion.

Amazon.com, Inc. (NASDAQ:AMZN) is down slightly in pre market trading at $188.54. AMZN trades 6.53 million shares a day on average. AMZN dropped yesterday with the overall market as the stock lost more than $3 per share. It did recover some towards the end of the day though. Amazon has a market cap of 86.19 billion.

Urban Outfitters, Inc. (NASDAQ:URBN) is up 12.62% in pre market trading at $29.80. URBN has traded over 31 thousand shares in early trading and trades 3.44 million shares on average every day. URBN shares are up today following an upbeat sales update from the company. The company has a market cap of 3.82 billion.

Filed Under: Blog, News, Stocks Tagged With: , , , , , , ,

Stocks Lose Most Of Their Early Gains as Investors Await Word From EU Ministers

November 29, 2011 By Leave a Comment

The stock market has lost most of its early gains today and the Nasdaq has turned negative in late day trading. Investors are waiting for EU ministers to conclude their meeting on the region’s debt crisis. There’s a lot of rumors going around about how Europe will fix their situation, but there won’t be any concrete information until the EU ministers come out and talk about what they discussed at the meeting.

“It’s still all about Europe, Europe, Europe. There are rumors and hope again that the policy makers in Europe are going to solve their problems, and there’s talk of our Fed stepping in to buy European sovereign debt,” said Nick Raich, director of research at Key Private Bank.

Italy had a successful bond auction today, but there yields were above 7% which according to most economists is unsustainable. While the major indexes got off to a decent start in morning trading, they have since gave up most of those early gains. The Dow is up 47 points, the Nasdaq is down 12 points and the S&P is up 3 points.

Let’s take a look at some stocks posting decent gains as well as stocks posting big losses.

Inhibitex, Inc. (NASDAQ:INHX) is up 21.32% in afternoon trading at $13.83. INHX has traded 7.2 million shares so far today, 4 times its daily average volume. Inhibitex jumped today after the company announced it will be asking the FDA for authorization to expand testing for its drug INX-189. Inhibitex has a current market value of 1.08 billion.

YM Biosciences, Inc. (AMEX:YMI) is up 12.61% in afternoon trading at $1.27. YMI has traded 2.9 million shares so far today, nearly triple its daily average volume. YMI is trending back up after dropping to $1.05 yesterday.

Canadian Solar Inc. (NASDAQ:CSIQ) is up 7.59% in afternoon trading at $2.55. CSIQ has traded 1.2 million shares so far today, 200 thousand more shares than its daily average. Canadian Solar announced it has supplied solar modules for an 8.5 MW power plant in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern. Canadian Solar has a current market cap of 110.99 million.

Savient Pharmaceuticals Inc. (NASDAQ:SVNT) is up 7.49% in afternoon trading at $2.44. SVNT has traded just over a million shares so far and trades on average 1.7 million shares. SVNT is coming off its high of day at $2.49. Savient Pharmaceuticals has a current market cap of 169.17 million.

Radian Group Inc. (NYSE:RDN) is down 14.44% today at $2.0450 in afternoon trading. RDN has traded 6.5 million shares so far today, more than a million shares more than its daily average. RDN started the day off alright but started seeing heavy selling at around 11am that has lasted throughout the day. Radain Group has a current market cap of 272.39 million.

Corning Inc. (NYSE:GLW) is down 12.21% in afternoon trading at $12.98. GLW has traded 55.8 million shares so far today, well above its daily average of 21 million shares. GLW shares fell today after the company cut its fourth-quarter earnings forecast. Corning Inc. has a current market cap of 20.43 billion.

Pacific Ethanol Inc. (NASDAQ:PEIX) is down 10.48% at $1.11 in afternoon trading. PEIX has traded 6.8 million shares so far today, about 600 thousand shares short of its daily average. PEIX has been trending lower the past few trading sessions after it nearly doubled this month. Pacific Ethanol has a current market cap of 84.81 million.

Nokia Corporation (NYSE:NOK) is down 2.76% at $5.45 in afternoon trading. NOK has traded 23.8 million shares so far today, and trades on average 28.5 million shares daily. NOK is continuing its downward trend from last week after it gaped up yesterday along with the rest of the market. Nokia has a current market cap of 20.18 billion.

Filed Under: Blog, News, Stocks Tagged With: , , , , , , ,
Real Time Web Analytics