6 Nasdaq Stocks Trading Lower Today: SGI, CDTI, AMAG, CAVM, DGIT, QSII

NasdaqSilicon Graphics International Corp. (NASDAQ:SGI) is down 24.09% today at $6.91. SGI has traded 2.5 million shares so far today, 4 times its daily average. SGI shares are tumbling after reporting fiscal third quarter results. Quarterly results were good with revenue up nearly 40% to $199.4 million and EPS of $0.11 per share. What caused shares to fall was fourth quarter guidance. Silicon is expecting fourth quarter revenue to be in the range of $177 million to $197 million and a net loss of $0.37 to $0.52 a share. Analysts were expecting revenue of $208.9 million and $0.16 a share in profit. The company has a market cap of 222.72 million.

Clean Diesel Technologies Inc. (NASDAQ:CDTI) is down 18.64% this morning at $2.88. CDTI has traded 458 thousand shares so far today, well above its daily average of 342 thousand shares. Clean Diesel posted a larger loss than expected in the first quarter causing shares to fall. The company posted a loss of $2.8 million or $0.39 per share. The company has a market cap of 20.64 million. [Read more...]

Stock Futures Dip After GDP Numbers. Stocks to Watch: EXPE, AMZN, CDTI, EXEL, KOG, POZN, FIO

Wall Street signInvestors are absorbing the impact of the initial GDP estimates number. Coming in at a weaker-than-expected 2.2% annualized, stock futures are trimming their early gains. Wall Street is also having to deal with the credit downgrade of Spain after the close yesterday by the S&P. Dow futures are currently up 4 points. The Nasdaq and S&P 500 futures are both higher, each adding 12 and 4 points respectively.

On the earnings front, Amazon blew away Wall Street expectations and is surging in premarket trading. The beat was on par with Apple’s and is going a long way to help the tech sector bounce higher.

Europe is still in a state of flux after the S&P downgraded Spain to BBB+ with a negative outlook. The S&P released a statement saying there were rising concerns over Spain’s ability to service its debt and the real possibility they would have to do more to support their financial institutions. This shook European markets initially but they have since regained their footing to the upside. Still an ongoing issue, but investors seem to want to ignore those issues for the day. [Read more...]

Futures Higher As Traders Await Fed Statement. Stocks to Watch: MDS, JVA, CDTI, RENN, URBN, GNC, AMZN

Stock FuturesStock futures are looking for any excuse to go higher. After a bounce in Asia overnight, US markets are set for a sizable bounce this morning. Dow futures are up 61 points to 12,968. Nasdaq 100 futures are up 13.50 points to 2,661. The S&P 500 futures are rounding out the gains, up 7 points to 1,373.

Retail sales are out this morning in-line with expectations. Most of the 1.1% rise is attributable to the record high gas prices this early in a season.

The big news domestically today will be the Fed statement this afternoon. Most expect few fireworks, as the trajectory of the data prevents the Fed from doing anything major to keep the recovery propped up. [Read more...]

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

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...]

Stock Futures Shaky on Overseas News. Stocks to Watch: TUDO, OREX, RENN, S, CDTI, ANTH, AMZN

Stock FuturesFutures are on edge this morning as investors look at downbeat data emerging out of China. A meeting in Europe is also raising concerns that the Greek issue may yet appear again. The contagion factor with the debt deals and bailouts is also a factor in the general nervousness of the market. Dow futures are currently down 17 points to 12,486. Nasdaq 100 futures are off 5.25 points to 2,639. S&P 500 futures are rounding out the downtrend, down 2.75 points to 1,364.

While the non-farm payroll data was a boon to the market on Friday, it lost all steam after the ISDA declared the Greek bond-swap a credit event. The European markets are trading in a choppy range thanks to that and data out of China showing them swinging to a major trade deficit due to waning demand for their exports.

Today the EU group is expected to meet to approve the second Greek bailout. Span will also come into sharp focus as it will announce it will miss its 2012 budgetary requirements. The Finance minister is expected to attend and explain the miss. Pretty simple, when one-fifth of your country is unemployed your rosy numbers are going to be missed. [Read more...]

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