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Hot Stocks at Midday: TWER, SIMG, ATPG, DHT, ELN, RIMM

March 16, 2012 By Leave a Comment

Wall Street signStocks continue to trade flat in midday trading as investors look to towards the weekend. Economic news was slightly negative today as consumer confidence fell in February due to high energy prices. Bank of America (NYSE:BAC) is rallying again today and has nearly double since hitting a low of around $5 late last year.

Right now the Dow is up 2 points, the Nasdaq is up 2 points and the S&P 500 is up 2 points.

Towerstream Corporation (NASDAQ:TWER) is up nearly 9% in midday trading at $4.0301. TWER continues to trend higher after announcing fourth quarter results on Wednesday. Towerstream has traded 1.5 million shares so far today, well above its daily average of 411 thousand shares. The company has a market cap of 215.18 million. [Read more...]

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Hot Stocks to Watch for March 16: MEMS, JVA, LPH, SCHL, FRO, INVN

March 15, 2012 By Leave a Comment

Wall Street signToday was definitely lucky number 7 for the markets. The Dow closed in positive territory for the seventh straight session. Most of this was due to a litany of economic data points – all of them positive. Jobless claims led off, dropping to a 4-year low. Manufacturing indexes also rose to multi-month highs.

In addition to the data points, analysts point to the Fed as the reason why the markets continue on their bullish tear. Investors think that the Fed will be there at the first sign of trouble, so the risk-on attitude is permeating the markets. The lack of the EU imploding has also boosted sentiment.

The flip-side to the bullish trend is that some fear we are getting ahead of ourselves. We are not so far away from the heyday prior to the 2008 crisis. The labor market is weak at best and the housing market defines anemic. 80% or mortgage applications are for refinancing. Sure, that’s great the current homeowners can save money on the attractive rates. The construction firms? Not so much. [Read more...]

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Hot Stocks Rallying in Early Trading: SCLN, ECYT, AMRN, VRNG, RAD, LSI, FIO

March 14, 2012 By Leave a Comment

Stocks are up some this morning one day after the Dow rallied over 200 points. Most banks are continuing to rise today after the Fed announced that most major banks passed its stress test yesterday with Citigroup (NYSE:C) being a notable exception. Goldman Sachs (NYSE:GS) is trading lower today after an op-ed article ran in the New York Times from Greg Smith, former Goldman executive, on why he is leaving the company.

The Dow is currently up 36 points, the Nasdaq is up 6 points and the S&P 500 is up 1 point. [Read more...]

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Investors Look Ahead to Fed Meeting and 6 Hot Stocks to Watch: CDTI, PWAV, YOKU, YELP, EXC, JVA

March 12, 2012 By Leave a Comment

Wall Street signThe Fed is expected to come back into sharp focus as investors await news from their upcoming meeting. While most observers thing that the Fed will hold off on any new rounds of stimulus, they think it is becoming an eventuality.

While the data has been on a positive trajectory, the numbers under the numbers paint a less than rosy picture. The labor market is being bolstered by temp jobs. Is that sustainable in the long-term? Will it lead to a crimp in consumer spending. Will final demand be depressed due to rising fuel prices? All of these questions face the fed as they decide what to do to keep the economy in recovery mode.

Outside of the Fed statement, investors are looking forward to February retail sales numbers. Expected at 8:30am EST, they are expected to show a 1.1 percent gain. Most of that will be attributable to the jump in gasoline prices and auto sales. The rise in gas prices could also crimp fed action due to inflationary concerns. [Read more...]

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Rising Gas Prices and 6 Hot Stocks to Watch for March 12: JVA, QSFT, SWHC, MCP, VRS, QRM

March 11, 2012 By Leave a Comment

Wall StreetRising gas prices over the past few weeks would lead you to believe that the recovery could be in danger. What people are missing is the mitigating factor in consumer spending. The winter that never happened. Last year it was Snowpacalypse or Armageddon. Some sort of cataclysmic winter weather even. So utility bills have been kept in check which offsets the rise. The question now is what happens now.

Spring is pretty much upon us along with the summer driving season. If gas prices continue to climb you have to expect some sort of consumer pullback. We saw it in 2008, and it stands to reason it will happen this year. Tensions with Iran and continued growth in the developing world will put constraints on supply leading speculators to juice the price of oil. We should soon find out in the coming weeks when new consumer data releases if the price at the pump is effecting spending. [Read more...]

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Hot Stocks This Morning: JVA, QSFT, SWHC, REE, VRS, S

March 9, 2012 By Leave a Comment

Wall StreetStocks are up this morning thanks to a better than expected government jobs report. The Labor Department announced today that 227,000 jobs were added last month with the unemployment rate holding steady at 8.3%. Economists were expecting a gain of around 210,000 jobs. News out of Greece was positive as well today with participation from bondholders for the credit swap at 85.8% of the country’s debt burden.

All of this positive news has sent the Dow up 60 points, the Nasdaq up 21 points and the S&P 500 up 8 points. [Read more...]

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Hot Stocks in Midday Trading: VRS, MOTR, THLD, MDVN, MWA, S, COH

March 8, 2012 By Leave a Comment

Wall StreetVerso Paper Corp. (NYSE:VRS) is rallying 89.34% in midday trading at $2.31. Verso has seen heavy volume so far today and is trading nearly 10 times its average volume. The company announced late yesterday a proposed $345 million debt offering and commitments from lenders for new credit facilities. The company has a market cap of 122.31 million.

Motricity, Inc. (NASDAQ:MOTR) is up 14.02% today at $1.22. MOTR has traded 1.2 million shares so far today and trades 1.8 million shares on average. MOTR shares have jumped close to $0.25 over the past couple of days. The company has a market cap of 56.53 million. [Read more...]

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Hot Stocks and Pending Home Sales Rise: PSDV, PEIX, OREX, CTB, MU, HDY

February 27, 2012 By Leave a Comment

list of nasdaq stocksPending home sales rose in January to a near two year high. The National Association of Realtors said pending home sales rose by 8%, well above analysts estimates of just 1%. Stocks have rebounded some thanks to this news after being well into the red this morning. The major indices are still negative this morning with the Dow down 43 points, the Nasdaq down 7 points and the S&P 500 down 3 points.

pSividia Corp. (NASDAQ:PSDV) is up 30.41% this morning at $2.2692. PSDV shares have moved from $1.20 to $2.26 in the past two trading sessions. pSividia had been relatively quiet since mid November after falling from $4.50 to around $1.08 in a matter of days. PSDV has traded 380 thousand shares already today, well above its daily average of just 65 thousand shares. The company has a market cap of 47.84 million. [Read more...]

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