Futures Up On Greek Optimism. Stocks to Watch: ACHN, STP, VVUS, AMAT, GILD, NFLX, GIS

The market is up in pre-market trading, still riding the good economic data that released yesterday. With jobless claims falling to a multi-year low, the market is looking for Dow 13k. Greek optimism is also helping fuel the rally, but analysts expect the rally to slow a bit as we head into a three day weekend. Dow futures are currently up 36 points to 12,906. Nasdaq 100 futures are essentially flat, up fractionally to 2,594. The S&P 500 futures are rounding out the pre-market gains, up 2.25 points to 1,357.

The markets are taking a .2% rise in core CPI in stride this morning. Most of the economic data over the past couple of weeks firmly points to a recovery. Whether or not the good news can be sustained still remains a question. Regardless, the bulls seem to have control as the Dow searches for Dow 13k.

Asian stocks continued their rally overnight on good economic data and earnings. The Yen continued to weaken which is helping Japanese exporters recover. [Read more...]

After Hours Winners and Losers: SPWR, AMAT, YGE, QLIK, SAPX, FTR

SunPower Corporation (NASDAQ:SPWR) is up 10.96% in after hours trading at $8.30. SPWR announced fourth quarter earnings after the market close today. SunPower reported a net loss of $83.1 million or $0.84 per share. In the same period last year, the company reported net income of $152.3 million or $1.44 per share. The company has a market cap of 749.32 million.

Applied Materials, Inc. (NASDAQ:AMAT) is up 4.69% in after hours trading at $13.21. AMAT shares are up this afternoon following the company’s quarterly results. EPS came in at $0.18 per share, beating estimates of $0.12 per share. The company’s forecast also beat expectations. The company has a market cap of 17.25 billion. [Read more...]

After Hours Winners: SWKS, AMAT, TQNT, BVSN, LRCX

Skyworks Solutions, Inc. (NASDAQ:SWKS) is up 5.62% in after hours trading at $20.31. Skyworks released their first quarter earnings today and beat estimates. Revenue came in at $393.7 million beating expectations of $389.6 million. Adjusted EPS came in at $0.51, $0.01 higher than estimates. The company is expecting to see adjusted EPS of $0.40 in the second quarter and revenue of $360 million, both higher than estimates. The company has a market cap of 3.61 billion.

Applied Materials, Inc. (NASDAQ:AMAT) is up 2.84% in after hours trading at $12.66. AMAT traded 15.4 million shares today, slightly higher than its daily average. AMAT shares followed other semiconductor equipment stocks in late trading today after Intel said it would boost capital spending for 2012. The company has a market cap of 16.07 billion.

TriQuint Semiconductor, Inc. (NASDAQ:TQNT) is up 2.06% in after hours trading at $5.95. TQNT traded 3.4 million shares today and trades 4.8 million shares a day on average. TQNT shares have jumped up more than $0.40 in the past two trading days. The company has a market cap of 969.10 million.

BroadVision, Inc. (NASDAQ:BVSN) is up 1.16% in after hours trading at $24.45. BVSN jumped another 12.37% today and is up 100% since the start of the new year. According to Timothy Sykes, BVSN is the latest pump and dump by a convicted penny stock manipulator. If true an inevitable dump will come so be wary. The company has a market cap of 109.13 million.

Lam Research Corporation (NASDAQ:LRCX) is up 2.32% in after hours trading at $43.30. LRCX traded 6.7 million shares today, double its average volume. LRCX was one of the semiconductor equipment stocks that jumped with AMAT today. The company has a market cap of 5.06 billion.

Euro Zone Contagion Builds, Stock Futures Drop. Stocks to Watch: NTAP, RMBS, MU, NG, AMAT

Futures on the Dow Jones Industrial Average (DJ1Z) fell 63 points to 11,782 and those on the Standard & Poor’s 500 stock index (SP1Z) declined 8.5 points to 1,222.50. Nasdaq 100 futures (ND1Z) declined 13 points to 2,300.7.

In Europe, stock markets fell deeper into negative territory in early afternoon trade, with the Stoxx 600 index down 1.8%. The Spanish and French governments conducted debt auctions and saw their borrowing costs rise. Spain’s 10-year-government-bond yields surged to euro-era highs.

Crude Oil for December delivery dropped $2.20 down to $100.39 a barrel in electronic trading on the Globex. Gold for December delivery fell $33.00 to 1,741.30 a troy ounce.

Investors are increasingly worried as the contagion builds in Europe. So far, it has enveloped, Greece, Ireland, Portugal, Italy, Spain, and France seems to be getting the virus today. Both Spain and France struggled with government bond auctions on Thursday. Spain was forced to buy 10- year bonds with the highest borrowing costs it has seen since 1997. France only fared a little better than Spain.

“The euro zone has got to deliver something which is going to calm markets down and at the moment markets feel like they are being given no comfort whatsoever,” said Marc Ostwald, strategist at Monument Securities.

France and Germany have stepped up their war of words which does nothing to help ease the fears of investors worldwide. France wants the European Central Bank to be more heavily involved in the crisis. French banks are heavily exposed to Greek debt. “If politicians think the ECB can solve the euro crisis, then they are mistaken,” German Chancellor Angela Merkel said, adding that even if the European Central Bank assumed a role as a lender of last resort, it would not solve the crisis.

Stocks to watch today include: NetApp Inc. (NASDAQ:NTAP), Rambus Inc. (NASDAQ:RMBS), MIcron Technology, Inc. (NASDAQ:MU), NovaGold Resources Inc. (NYSEAMEX:NG) and Applied Materials, Inc. (NASDAQ:AMAT).

NetApp, Inc. (NASDAQ:NTAP) are down 9.3% in pre-market trading after the company released weak second quarter revenue and third quarter seen below expectations. Earnings came in slightly above expectations at $0.63 per share, but third quarter guidance was below current market estimates. NTAP is currently trading at $36.94 with 215 thousand shares in volume. The company has a current market cap of 15.01 billion.

Rambus, Inc. (NASDAQ:RMBS) is up 4.22% in pre-market trading. Share of RMBS fell sharply late yesterday after the company lost its antitrust case. RMBS fell yesterday from $18 to $5 before closing at $7.11. The stock is currently trading at $7.41 with 590 thousand shares traded. The company has a current market cap of 781.82 million.

Micron Technology Inc. (NASDAQ:MU) is up 1.48% at $6.84 in pre-market trading. Micron rose yesterday after the ruling in an antitrust case involving Micron, Hynix Semiconductor and Rambus. MU has traded over 1 million shares already in pre-market trading. The company has a current market cap of 6.66 billion.

NovaGold Resources Inc. (NYSEAMEX:NG) is down 1.64% at $10.77 in pre-market trading. NG jumped yesterday after the company named a new CEO and named billionaire Thomas Kaplan as Chairman. NG has traded 8 thousand shares in pre-market trading and usually trades 3.4 million shares daily. The company has a current market cap of 2.62 billion.

Applied Materials Inc. (NASDAQ:AMAT) is trading down 2.73% at $12.13 in pre-market trading. AMAT has traded over 100 thousand shares in early trading and usually trades 16 million daily. The company’s forecast first quarter sales and profit fell below analysts’ predictions. The company said revenue will decline as much as 15% from the prior quarter. Applied Materials has a current market cap of 16.43 billion.

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