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...]

Three Sub $1 Nasdaq & NYSE Stocks On The Move: AMR, BWEN, FTWR

AMR Corporation (NYSE:AMR) is up 84% at $0.778 in midday trading. AMR has traded 111.81 million shares so far today, way above its daily average of 25.57 million shares. This action in AMR today is likely day traders jumping in and out for quick gains since the company is in bankruptcy. Also, shares of the company will probably be delisted from the NYSE over the next few weeks since they are below the $1 minimum average price. AMR Corp. has a market cap of 258.56 million.

Broadwind Energy Inc. (NASDAQ:BWEN) is up 11.45% at $0.823 in midday trading today. BWEN has traded 3.15 million shares so far today, 50% higher than its daily average volume. BWEN has moved up $0.20 over the past few trading days. Broadwind has a market cap of 114.36 million.

FiberTower Corporation (NASDAQ:FTWR) is up 2% at $0.2947. FTWR has traded 7.1 million shares so far today, way above its daily average of 827 thousand shares. FTWR is coming back down today after opening up at $0.36 and quickly running up to around $0.40. FTWR has moved from $0.16 to nearly $0.40 in just two days this week as daytraders look for the next hot sub $1 stock.

Real Time Web Analytics