Stocks Fall on Jobless Claims, Stocks to Watch: CYBI, OEH, BWEN, ETH, WCC, AEGR

All three major stock averages are down this morning after weekly jobless claims jumped 46,000 to a seasonally adjusted 388,000. Last week those numbers fell dramatically, but were distorted because one large state did not post its claims numbers.

In Europe, EU leaders are preparing to meet at a summit in Brussels as they try to overcome differences over plans for a banking union. According to reports, Greece, Spain and Cyprus will not be topics discussed at the summit.

The Dow is down 3 points, the Nasdaq is down 15 points and the S&P 500 is down 2 points. [Read more...]

Stocks Struggle to Hold Gains This Morning, Stocks to Watch: CLWR, YONG, CUR, EDU, DNKN, AEGR

Stocks opened higher today thanks to a gain in retail sales last month and better than expected earnings from Citigroup. Retail sales jumped 1.1% in September according to the Commerce Department. Not all economic news was good though after a measurement of manufacturing in New York fell to -6.16, the third straight month of contraction. Economists were expecting a reading of -4.55.

Citigroup saw its profit fall in the third quarter, but still posted earnings that beat expectations. The bank reported earnings of $1.06 per share and revenue of $19.4 billion. Analysts were expecting earnings of $0.96 a share with $18.71 billion in revenue.

The major stock averages are barely positive this morning with the Dow up 3 points, the Nasdaq up 2 points and the S&P 500 up 1 point. [Read more...]

Markets Continue Their Trend of the Gap and Fade, WDAY, AEGR, LXRX, OSG

Consumer sentiment and earnings beats were not enough to keep the major indices in the green. Tech giants like Apple continued to languish after hitting all-time highs just days ago. This is in advance of what many predict will be the launch of the iPad mini.

The lackluster performance in October so far has mostly been attributed to stocks taking a breather after the near constant hype and buildup around QE3. A more pessimistic read could be institutional investors along with retail are positioning themselves ahead of the election and the outcome of the negotiations regarding the impending fiscal cliff facing the United States.

Europe also remains an outstanding issue with no real resolution in sight. China’s data deluge also begins in earnest over the weekend, so investors want to see how much the growth engine of the country is cooling off.

Sure, so far earnings season has seen a fair share of beats, but with the expectations bar being so low, are those beats really beats in the traditional market sense? Economic data points continue to muddle the picture.One month you have a stellar jobs report, then the next it slips back. Housing continues to languish and consumers, while more upbeat, are not exactly rushing to stores or to their local realtors.

The market has turned into a game of wait and see as events unfold over the coming months. [Read more...]

Biggest Nasdaq Decliners for June 14: LSCC, AEGR, SAPE, CHTP, ATPG, AONE

NASDAQ Screen at Times SquareLattice Semiconductor Corporation (NASDAQ:LSCC) is down 16.26% today at $3.76. LSCC has traded 4.8 million shares this morning, 4 times its average volume. LSCC shares are taking a hit today after the company said it expects second quarter revenue to fall. The company has a market cap of 448.28 million. Sign Up For Free Stock Alerts

Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) is down 10.71% this morning at $14.76. AEGR has traded 1.39 million shares this morning, way above its average volume of 50 thousand shares. Aegerion Pharmaceuticals continues to fall today after pricing a 3.4 million share public offering at $14.75 a share. The company has a market cap of 318.86 million. [Read more...]

Pre Market Gainers and Losers for June 14: IGT, OSIR, LNG, CS, DDD, AEGR

Market newsInternational Game Technology (NYSE:IGT) is up 5.90% today at $14.00. IGT has traded 14 thousand shares so far today and trades 3.5 million shares a day on average. IGT shares are jumping today as the company announces $1 billion share repurchase plan. The company has a market cap of 3.90 billion. Sign Up For Free Stock Alerts

Osiris Therapeutics, Inc. (NASDAQ:OSIR) is up 5.37% today at $7.45. OSIR trades on 162 thousand shares a day on average. OSIR shares received second approval for life-saving stem cell drug today and Prochymal granted marketing consent by New Zealand. The company has a market cap of 232.26 million. [Read more...]

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