NASDAQ:CLWR

Moody’s Ban Warning Sends Futures Lower. Stocks to Watch: AEA, AMZN, CLWR, GM, NVDA, BAC, PMFG

A bearish mood is reigning over Wall Street this morning after Moody’s warned it could cut the credit ratings of over 100 banks. Add in the precarious position of Greece, and you have all the ingredients for a sell-off. Dow futures are currently down 36 points to 12,727. Nasdaq 100 futures are also declining, down 6.50 points to 2,551. S&P 500 futures are rounding out the losses, down 5.75 points to 1,336.50.

Late yesterday, Moody’s announced it was reviewing the ratings for over 100 financial institutions. Citing the EU crisis among other issues, the ratings agency said it could cut ratings of banks by multiple notches. US institutions under the gun include Morgan Stanley, Goldman Sachs and JP Morgan.

In Europe, the Greek debt crisis continued unabated. Some analysts are beginning to believe that the EU is preparing to eject Greece from the single currency union. The looming default deadline in March should make the officials speed up on what has been a multi-year crisis at this point. [Read more...]

Futures Whipsaw on Chinese Comments And Murky Greek Deal. Stocks to Watch: ZNGA, RENN, BCRX, CLWR, LGF, AAPL, CMCSA

Another day, more ‘soothing’ comments from China regarding the EU crisis. If you are thinking you have seen this movie before, you have. And yet here we sit, still in the midst of the crisis. Overnight, Chinese officials announced they have confidence that the EU can resolve the crisis. Judging by the canceled finance ministers meeting, I think they need to borrow some of China’s mojo. After they completely sell-out their continent.

Reports are out now that the the Greek deal will possibly placed on hold. Greek politicians have been trying to stake out positions in the run-up to elections. Come to find out austerity induces Great Depression symptoms among your populace. Who would have guessed wiping out a chunk of your workforce would cause a rise in joblessness? Then that would lead to a rise in poverty and social unrest? I mean the IMF is only stacked with PhDs. Can’t expect them to know everything I guess. [Read more...]

Midday Movers: BAC, PFE, MU, AMD, RIMM, CLWR

Stocks are holding early gains in midday trading after Greek politicians approved more austerity measures in order to secure another bailout package from the EU. News of Israeli diplomat attacks in Georgia and India has investors on edge at the region is unstable right now. The price of oil jumped over $100 a barrel following this news. At midday, the Dow is up 64 points, the Nasdaq is up 21 points and the S&P 500 is up 7 points.

Bank of America Corporation (NYSE:BAC) is up 2.60% today at $8.28. BAC has traded 149.9 million shares so far today and trades 277.1 million shares a day on average. Bank of America is likely to see a downgrade from Moody’s due to “Eurozone weakness and elevated economic and market uncertainties.” This according to a research report published by CreditSights. BAC shares are climbing today alongside the overall market. The company has a market cap of 87.03 billion. [Read more...]

After Hours Gainers: CRUS, THOR, HFC, NVAX, CLWR, ZNGA

The market finished the day flat as investors waited for earnings season to begin in earnest after the close. Alcoa announced after the bell and the company swung to a loss after posting a profit a year earlier. The loss was attributed to slumping prices and rising costs. The company also announced it would idle around 12% of its smelting capacity in the first quarter to increase competitiveness.

In tech stocks Netflix continued its bounce off its lows as the stock gained another 13% in trading. The stock was flying high after Whitney Tilson said the stock was a potential buyout target. Netflix also launched a streaming service in the UK and Ireland.

Overall economic strength was buoyed by the news that consumer credit had advanced the most in a decade. It is a sign that consumers are willing to make big purchases such as autos. Whether or not this is sustainable is yet to be seen and any sharp downturn in Europe could freeze the credit markets here in the states again.

Here are a few stocks to watch in after-hours trading:

Cirrus Logic, Inc. (NASDAQ:CRUS) is up 8.13% in after hours trading at $18.35. CRUS traded 1.6 million shares today, slightly below its daily average of 1.8 million shares. Cirrus announced after market close preliminary third quarter revenue grew 28% this past year to $122 million. The market cap of 1.08 billion.

Thoratec Corp. (NASDAQ:THOR) is up 3.90% in after hours at $30.13. THOR closed the day down 3.75% at $29.00 with 1.5 million shares traded. THOR shares have lost more than $4 a share since last Tuesday. Thoratec was downgraded earlier today to market perform from outperform by Wells Fargo. The company has a market cap of 1.74 billion.

HollyFrontier Corporation (NYSE:HFC) is up slightly in after hours trading at $25.90. HFC closed the day down 3.50% at $25.88 with 3.6 million shares traded. HFC stock trades on average around 4 million shares a day. The company has a market cap of 5.38 billion.

Novavax, Inc. (NASDAQ:NVAX) is up about 1% in after hours trading at $1.44. NVAX closed the day up more than 4% at $1.43. NVAX traded close to three times daily average volume with 1.3 million shares traded. NVAX shares have been trending slightly higher over the past week gaining about $0.15 a share. The company has a market cap of 164.41 million.

Clearwire Corporation (NASDAQ:CLWR) is up 1.35% in after hours trading at $1.88. CLWR finished the day down 1.60% at $1.85 on light volume. CLWR traded 2.2 million shares today, well below its daily average of 13.6 million shares. The company has a market cap of 461.95 million.

Zynga, Inc. (NASDAQ:ZNGA) is up about 1% in after hours trading today after it took another hit today. ZNGA closed today down more than 9% at $8.00 with 9.7 million shares traded. ZNGA has been steadily falling since its IPO at $10 last month. The company has a market cap of 5.59 billion.

After Hours Movers: JAZZ, APOL, CLWR, VICL, RFMD, EK, RDN

Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) is up 4.32% in after hours trading at $43.25. JAZZ closed the day up 1.64% at $41.46 with a little more than one million shares traded. Right after market close, JAZZ provided a financial outlook for 2012. Jazz Pharmaceuticals expects total revenue to be between $465 – 490 million and total product sales to be between $460 – 485 million. The company has a market cap of 1.74 billion.

Apollo Group Inc. (NASDAQ:APOL) is up 2.03% in after hours trading at $54.81. APOL closed the day down 0.72% at $53.72. APOL traded 2.6 million shares today, nearly a million more shares than the stock trades on average. Apollo Group announced its first quarter earnings after market close today. Net income fell to $149.3 million versus $236 million a year earlier. Revenue also fell 11.1% from the previous years’ quarter. The company’s adjusted net income was $1.28 per share, beating analysts expectations of $1.18 per share. The company has a market cap of 7.01 billion.

Clearwire Corporation (NASDAQ:CLWR) is up 1.68% in after hours trading at $1.82. CLWR closed the day down 6.77% at $1.79 with 12.6 million shares traded. CLWR has fallen more than $0.20 in the past two days after Kaufman Brothers downgraded the stock to hold from buy on Wednesday. The company has a market cap of 446.97 million.

Vical Inc. (NASDAQ:VICL) is down 12.62% in after hours trading at $3.74. VICL finished the day unchanged at $4.28 with 650 thousand shares traded. VICL shares are tanking after hours as the company announced a public offering of common stock. The company has a market cap of 307.65 million.

RF Micro Devices Inc. (NASDAQ:RFMD) is down 12.23% in after hours trading at $4.95. RFMD closed today up 3.11% at $5.64 with 7 million shares traded. RFMD shares are dipping after the company saw revenue fall in the third quarter on low Chinese demand. Third quarter revenue was $225 million versus $278.8 million a year ago. The company has a market cap of 1.57 billion.

Eastman Kodak Co. (NYSE:EK) is down 4.67% in after hours at $0.40. EK finished the day down 10.64% at $0.42 with 30.7 million shares traded. EK shares went lower today following another executive leaving the company. This time, Chief Communications Officer, Gerard Meuchner, resigned from the company. EK shares have dropped more than $0.20 since yesterday. The company has a market cap of 113.38 million.

Radian Group Inc. (NYSE:RDN) is down 5.02% in after hours at $2.46. RDN closed the day up 11.16% at $2.59 with 11.5 million shares traded. RDN averages 5.7 million shares a day. The company has a market cap of 344.99 million.

Stocks Down In After Hours: CAVM, ARIA, IGT, CCM, CLWR, EBAY

Cavium, Inc. (NASDAQ:CAVM) is down 5.23% in after hours trading at $26.99. CAVM traded 589 thousand shares today and trades 1.1 million shares a day on average. CAVM is down in after hours after the company’s outlook for fourth quarter revenue fell short of expectations. The company has a market cap of 1.40 billion.

Ariad Pharmaceuticals Inc. (NASDAQ:ARIA) is down 2.96% in after hours trading at $12.13. ARIA traded 4.1 million shares today, nearly a million more than its daily average. ARIA stock closed the day 6.47% higher. The company has a market cap of 1.66 billion. Short Sell Your Way to Profits

International Game Technology (NYSE:IGT) is down 4.72% in after hours trading at $16.55. IGT traded more than double its daily average with 6.1 million shares traded. IGT finished the day up nearly 5%. A lot of gaming companies saw gains today following a positive ruling on internet gambling from the Department of Justice. The company has a market cap of 5.17 billion.

Concord Medical Services Holdings Limited (NYSE:CCM) is down 8.52% in after hours trading at $2.79. CCM traded 115 thousand shares today, well above its daily average of 29 thousand shares. The company has a market cap of 144.73 million.

Clearwire Corporation (NASDAQ:CLWR) is down 2.97% in after hours trading at $1.96. CLWR traded 6.3 million shares today and trades 13 million shares a day on average. The company has a market cap of 504.40 million. Short Sell Your Way to Profits

eBay Inc. (NASDAQ:EBAY) is down 2.52% in after hours trading at $30.14. EBAY traded 3.4 million shares today and averages more than 10 million on any given day. The company has a market cap of 39.92 billion.

Futures Modestly Lower as Sears Buckles. Stocks to Watch: AAPL, PARL, CLWR, FRO, MU, CALM

The holiday hangover is in full effect with the Dow futures shedding 15 points to 12,202. Nasdaq futures are also off fractionally, down 1 point to 2,278. The S&P futures are also negative, off 2.50 points to 1,257.75.

The economic data slate is stacked this morning with the Case Shiller hone price-index expected to release at 9am EST. At 10am EST, consumer confidence numbers are expected. A survey of economists show consensus expectations of a rise in consumer confidence from 56 to 60.

These data points are on the heels of the Labor Department announcing that initial claims had fallen to 364,000, the lowest since April 2008. Maximize Your Trades With Profitly

In the retail world, Sears Holdings announced it would close 100 to 120 Kmart stores due to lackluster sales performances. The company reported that earnings would fall by more than half when compared to a year ago.

European markets are still just now getting started after a long holiday weekend, with London remaining closed. Both French and German markets were edging higher on data expectations out of the United States. The Dax 30 was up .3% to 5,898, while the French CAC 40 index added .4% to 3,113.87.

Commodity trading was mostly flat coming off the long holiday with Nymex crude futures flat in trading.

Stocks to watch this morning include Apple Inc. (NASDAQ:AAPL), Parlux Fragrances, Inc. (NASDAQ:PARL), Clearwire Corporation (NASDAQ:CLWR), Frontlione Ltd. (NYSE:FRO), Micron Technology, Inc. (NASDAQ:MU) and Cal-Maine Foods, Inc. (NASDAQ:CALM)

Apple Inc. (NASDAQ:AAPL) is down slightly in pre market at $403.04 this morning. AAPL has traded around 3 thousand shares in early trading and trades 12.87 million shares a day on average. Apple’s Italian retail organizations were fined a total of 900 thousand euros by Italy’s Antitrut Authority for not providing clear information to customers on product assistance. Over the past five trading days, AAPL stock is up more than $20 a share. The company has a market cap of 374.86 million. Maximize Your Trades With Profitly

Parlux Fragrances, Inc. (NASDAQ:PARL) is up 94.52% in pre market trading at $6.75. PARL stock is up this morning after Perfumania Holdings announced a deal to buy the company for $170 million. PARL trades 26.8 thousand shares a day on average. The company has a market cap of 72.07 million.

Clearwire Corporation (NASDAQ:CLWR) is up 2.04% in pre market trading at $2.00. CLWR trades on average 17.59 million shares a day. CLWR trades relatively flat last week except last Tuesday when the stock fell from $2.10 to $1.90. The company has a market cap of 1.8 billion.

Fronline Ltd. (NYSE:FRO) closed Friday up 6.33% at $4.20. FRO trades 3.2 million shares a day on average. Heading in to 2012, Frontline will announce preliminary fourth quarter and financial year 2011 results on February 2012. The company has a market cap of 327.01 million.

Micron Technology, Inc. (NASDAQ:MU) is up 0.23% in pre market trading at $6.41. MU trades 32.61 million shares a day on average. Late last week, MU stock jumped nearly $1 a share after the company said demand in the PC market should improve early next year. The company has a market cap of 6.32 billion.

Cal-Maine Foods, Inc (NASDAQ:CALM) is up 5.11% in pre market trading at $36.00. Cal-Maine announced income jumped 53% in its fiscal second-quarter thanks to strong retail demand during the holidays. CALM trades 71.4 thousand shares a day on average. The company has a market cap of 817.58 million.

Futures Set to Push Market Higher, Stocks to Watch: CSIQ, AAPL, BAC, S, ECYT CLWR, SIRI

Dow futures are set for a rebound after yesterday’s late sell-off. Currently the Dow futures are up 92 points at 11,795. The Nasdaq futures are adding 21 points at 2,234, and the S&P is tacking on 12.50 to 1,211.50. Looks like a green open is in store for the U.S markets.

After yesterday’s sell-off all eyes were back on Europe this morning. This time they received a pleasant surprise. Business confidence numbers out of German beat expectations leading to a rise in European markets. The Stoxx 600 index was leading the markets into the green, currently up .3% in intraday trading.

Spain’s successful bond auction also lifted investor sentiment in the region. Debt costs began to fall after a three year liquidity offer from the European Central Bank.

The Euro also saw a modest rise further above the $1.30 level. It should be noted that most analysts agree that any bullish move within the Euro is tenuous at best. Any piece of bad news will have the currency back to 2011 lows.

Economic data for the US is thin today, the only major piece is housing starts number at 8:30am EST.

Commodity prices saw gold rising nearly $12 to regain its footing above the $1600 per ounce level. Oil prices are also rebounding , up nearly a percent to $95.32.

Stocks to watch this morning include Canadian Solar Inc. (NASDAQ:CSIQ), Apple Inc. (NASDAQ:AAPL), Bank of America Corporation (NYSE:BAC), Sprint Nextel Corporation (NYSE:S), Endocyte, Inc. (NASDAQ:ECYT), Clearwire Corporation (NASDAQ:CLWR) and Sirius XM Radio Inc. (NASDAQ:SIRI)

Canadian Solar Inc. (NASDAQ:CSIQ) is up 32.58% in pre market trading at $2.93. CSIQ has traded 17 thousand shares already this morning and trades 846 thousand shares a day on average. Canadian Solar and TransCanada Corporation announced a sales agreement for 86MW Solar PV project portfolio in Ontario, Canada. Canadian Solar has a market cap of 96.04 million.

Apple Inc. (NASDAQ:AAPL) is up 0.91% in pre market trading at $385.69. AAPL trades 14.02 million shares a day on average. Despite yesterday’s sell off, Apple finished in positive territory. The company has a market cap of 355.23 billion.

Bank of America Corporation (NYSE:BAC) is up 1.71% in pre market trading at $5.07. BAC has traded 816 thousand shares so far this morning and trades 262 million shares a day on average. Bank of America is looking to rebound with the market this morning after losing more than 4% yesterday. Bank of America has a market cap of 50.53 billion.

Sprint Nextel Corporation (NYSE:S) is up 6.94% in pre market trading at $2.31. S has traded 69 thousand shares this morning and trades 35.97 million shares a day on average. Over the past five trading days, Sprint stock has fallen from $2.50 to a low of $2.15. The company has a market cap of 6.47 billion.

Endocyte, Inc. (NASDAQ:ECYT) is up 6.37% in pre market trading at $3.34. ECYT trades 637 thousand shares a day on average. ECYT has fallen from a high of over $4 last Tuesday to just over $3 yesterday. The company has a market cap of 112.22 million.

Clearwire Corporation (NASDAQ:CLWR) is up 5.91% in pre market trading at $2.14. CLWR has traded 40 thousand shares already this morning and averages 17 million shares a day. CLWR is down about $0.20 a share since last Tuesday. Clearwire has a market cap of 1.86 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 1.10% in pre market trading at $1.83. SIRI has traded 50 thousand shares so far this morning and trades 57.33 million shares a day on average. SIRI stock has been trading relatively flat the past five trading days. Sirius has a market cap of 6.79 billion.

Stocks Up In Pre Market Trading: YMI, CLWR, URBN, RPRX, CLSN, NFLX

Stocks are set to open higher this morning as investors are looking forward to the Fed’s assessment of the U.S. economy. Let’s take a look at some stocks that are up in pre market trading.

YM BioSciences Inc. (AMEX:YMI) is up 27.40% in pre market trading at $1.86. YMI has traded 360 thousand shares so far today and trades 1.65 million shares a day on average. YMI is up today after the company released an update for its Phase I/II data for CYT387. YM BioSciences has a market cap of 170.40 million.

Clearwire Corporation (NASDAQ:CLWR) is up 2.82% in pre market trading at $2.19. CLWR has traded 229 thousand shares so far in early trading and trades 15.92 million shares a day on average. The company has a market cap of 1.95 billion.

Urban Outfitters, Inc. (NASDAQ:URBN) is up 12.06% at $29.65 in pre market trading. URBN has traded 141 thousand shares this morning and trades 3.44 million shares a day on average. Urban Outfitters is up today after the company gave an upbeat sales update for the current quarter. The company has a market cap of 3.82 billion.

Repros Therapeutics Inc. (NASDAQ:RPRX) is up 17% in pre market trading at $5.99. The stock is up after the company’s Phase 2 data indicates Androxal(R) normalizes testicular function in patients with type 2 diabetes. RPRX trades 40 thousand shares a day on average. The company has a market cap of 62.94 million.

Celsion Corporation (NASDAQ:CLSN) is up 11% in pre market trading at $2.22. CLSN has traded 6 thousand shares this morning and trades 407 thousand shares a day on average. The company has a market cap of 53.38 million.

Netflix, Inc. (NASDAQ:NFLX) is up 3.64% in pre market trading at $78.00. NFLX trades 7.36 million shares a day on average. NFLX jumped more than $4 a share yesterday and is up nearly $8 over the past week or so. Netflix has a market cap of 3.95 billion.

Good News out of German Set to Lift Stocks

Economic data out of Germany is lifting futures this morning. Economic sentiment in the largest EU economy rose for the first time in 10 months up from its lowest level since December of 2008. Dow futures are up 55 points, the Nasdaq is gaining 15.50 and the S&P is up 7.25.

This good news was followed up by a successful bond auction in Span which exceeded its target of 4.25 billion, selling 4.94 in bonds. This did little to ease the Italian yields which are still trading at unsustainable levels. The Euro climbed almost a percent up to 1.3198, up form its lowest level in 2 months. European blue chips were also up modestly, rising .63%.

The US markets are in a wait and see mode as the the Fed is expected to announce their last policy statement of 2011 today at 2:15pm EST. The broad consensus is that the statement will be a reaffirmation of plans announced earlier in the year. Low interests rates will be held through the middle of 2013 and there will not be an announcement of new asset buying – QE3.

Retail numbers are also expected to hit the street within the hour. Consensus expectations there are a modest rise of .6% after encouraging reports of brisk Black Friday sales.

Energy markets today are holding up after the sell-off yesterday. Crude oil is up just over half a percent while gasoline futures have jumped nearly a percent.

In European markets, the FTSE 100 is up .74% trading at 5468 and the German DAX is up .85% trading at 5834.

Stocks to watch today include YM BioSciences Inc. (AMEX:YMI), Repros Therapeutics Inc. (NASDAQ:RPRX), Clearwire Corporation (NASDAQ:CLWR), Netflix, Inc. (NASDAQ:NFLX), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN) and Urban Outfitters, Inc. (NASDAQ:URBN)

YM BioSciences Inc. (AMEX:YMI) is up 30.82% in pre market trading at $1.91. YMI has traded 143 thousand shares already this morning and trades 1.6 million shares a day on average. YMI is up early after the company reported updated results for Phase I/II study of CYT387, a drug used to treat myelofibrosis. YM Biosciences has a market cap of 170.40 million.

Repros Therapeutics Inc. (NASDAQ:RPRX) is up 17.22% in pre market trading at $5.99. RPRX trades around 40 thousand shares a day on average. The company announced late yesterday that data indicates Androxal(R) normalizes testicular function in men with type 2 diabetes. The company has a market cap of 62.94 million.

Clearwire Corporation (NASDAQ:CLWR) is up 2.35% in pre market trading at $2.18. CLWR has traded 179 thousand shares in early trading and trades 15.9 million shares a day on average. CLWR has traded slightly lower over the past few trading days dropping from a high of $2.50 last week to around $2.20 right now. Clearwire has a market cap of 1.95 billion.

Netflix, Inc. (NASDAQ:NFLX) is up 4.24% in pre market trading at $78.46. NFLX trades about 7 million shares a day on average. NFLX jumped 6% yesterday and is up nearly $8 over the past week. Piper Jaffray reiterated their rating of overweight for Netflix with a price target of $100 a share. Netflix has a market cap of 3.95 billion.

Apple Inc. (NASDAQ:AAPL) is up slightly in pre market trading at $393.95. AAPL trades 14.36 million shares a day on average. AAPL hasn’t seen a lot of movement over the past 5 trading days. The company has a market cap of 364.18 billion.

Amazon.com, Inc. (NASDAQ:AMZN) is down slightly in pre market trading at $188.54. AMZN trades 6.53 million shares a day on average. AMZN dropped yesterday with the overall market as the stock lost more than $3 per share. It did recover some towards the end of the day though. Amazon has a market cap of 86.19 billion.

Urban Outfitters, Inc. (NASDAQ:URBN) is up 12.62% in pre market trading at $29.80. URBN has traded over 31 thousand shares in early trading and trades 3.44 million shares on average every day. URBN shares are up today following an upbeat sales update from the company. The company has a market cap of 3.82 billion.

Stock In The Green This Morning: SIGA, DMND, SIRI, CLWR, MNI, MS

Stocks are higher this morning after 23 European nations agreed to tie their economies closer together in hopes of preventing any future debt crisis. This new treaty will penalize budgetary offenders that threaten the euro zone. Germany and France were hopeful to persuade all 27 euro zone countries, but Britain and three others refused to join.

“It’s going to be the basis for a good fiscal compact and more discipline in economic policy in the euro area members,” Draghi said. “We came to conclusions that will have to be fleshed out more in the coming days.”

Let’s take a look at six stocks following the market up this morning.

SIGA Technologies, Inc. (NASDAQ:SIGA) is up 29.35% at $2.38 this morning. SIGA has traded 542 thousand shares so far today and trades 721 thousand shares a day on average. SIGA had been trading down most of the week, falling from over $2 to below $1.90. The company has a market cap of 118.26 million.

Diamond Foods, Inc. (NASDAQ:DMND) has rallied 22.67% at $32.42 so far this morning. DMDN is up on heavy volume with 941 thousand shares traded so far. The stock should have no problem passing its daily average volume of 1.4 million shares. DMND had been in a sell off this week, falling from $30 a share to below $27. The company has a market cap of 668.08 million.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 2.35% this morning at $1.74. SIRI has traded 9.9 million shares so far today. SIRI trades 68.6 million shares a day on average. SIRI is up today after an analyst with Citigroup gave it a buy rating with a price target of $2.20. Sirius XM has market cap of 6.51 billion.

Clearwire Corporation (NASDAQ:CLWR) is up 2.28% this morning at $2.23. CLWR has traded 6 million share so far today. The stock usually trades 11.2 million shares a day. The company has a market cap of 556.84 million.

The McClatchy Company (NYSE:MNI) jumped up 20.35% this morning at $2.07. MNI has traded 1.2 million shares this morning. MNI trades 951 thousand shares a day on average. MNI is up $0.80 in the past few days. The company has a market cap of 173.37 million.

Morgan Stanley (NYSE:MS) is up 5.42% this morning at $16.74. MS has traded 9.6 million shares so far today and trades 37.4 million shares a day on average. Morgan Stanley is following the market up today after a new treaty was agreed upon in Europe. The company has a market cap of 32.38 billion.

Volume Leaders In Midday Trading for 12/08: BAC, CLWR, NOK, MSFT, GE, CSCO

The market sell off is quickening in midday trading as traders are waiting to see what happens in Europe. The Dow is down 102 points, the Nasdaq is down 22 points and the S&P is down 14 points.

Bank of America Corporation (NYSE:BAC) is down 3.14% in midday trading at $5.7050. BAC has traded 143.6 million shares so far today and trades 271 million shares a day on average. BAC has been whipsawing all week as uncertainty of the Europe crisis plagues Wall Street. The company has a market cap of 57.76 billion.

Clearwire Corporation (NASDAQ:CLWR) is down 4.61% at $2.1750 today. CLWR has traded 82.5 million share so far today, well above its daily average of 9.3 million shares. Clearwire said it has priced an offering of 175 million shares at $2 a share. This offering will total $350 million. Clearwire has a market cap of 540.61 million.

Nokia Corporation (NYSE:NOK) is down 5.53% in midday trading at $5.0350. NOK has traded 31.2 million shares so far today, 3 million shares more than its daily average. NOK stock has dropped $0.50 a share over the past five days. The company has a market cap of 18.70 billion.

Microsoft Corporation (NASDAQ:MSFT) is down 0.04% in midday trading at $25.61. MSFT has traded 25.4 million shares so far today and trades 56.3 million shares a day on average. MSFT is has traded relatively flat this week as traders wait for news from Europe. The company has a market cap of 215.77 billion.

General Electric Company (NYSE:GE) is down 1.88% today at $16.42. GE has traded 22.8 million shares so far today and trades 70.6 million shares a day on average. GE is slightly up for the week so far. General Electric has a market cap of 174.20 billion.

Cisco Systems, Inc. (NASDAQ:CSCO) is down 1.90% at $18.63 in midday trading. CSCO has traded 19.7 million shares so far today and trades 57.7 million shares a day on average. CSCO is trading flat on the week so far. Cisco has a market cap of 100.42 billion.

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