Stock Futures Edge Lower Ahead of More Earnings Report. Stocks to Watch

Stock FuturesThe lack of economic data today has investors worried about consolidation after yesterday’s snapback rally. Investors are bracing for any disappointments that come out of reporting companies. The reverse is also true, any beats could be a near-term driver of the market to the upside. Dow futures are currently down 25 points. Nasdaq futures are nearly flat, down just over a point. The S&P 500 is off 2.5 points in pre-market trading.

Europe will come back into focus on Thursday as Spain tries to sell long term debt. The successful bond auction yesterday helped lead Europe and the US to sharp rallies. But the risks remain across the continent as nations grapple with short and long term budgetary concerns.

Asian markets tracked the US markets performance and ended their sessions mostly higher.

Commodities are a mixed bag this morning with oil and gold heading in opposite directions. Nymex crude futures are up on alleviated growth concerning, adding 7 cents to $104.27 per barrel. Gold prices are are slipping on the back of a strengthening dollar, down $6.60 to $1,644.70. [Read more...]

After Hours Trading Report for April 17

Investors at the NYSEA sense of calm over Europe helped tech stocks power the broader market to a massive rally. The Dow logged its best day in a month with IBM pushing higher ahead of earnings – the stock is dropping in after-hours as its earnings released.

Earnings season is in full swing with Yahoo shares jumping in after-hours after the company swung to a 1st quarter profit.

Gold prices also ended the day higher, breaking a two session losing streak. The metal is matching the moves of the broader market, but in a more muted fashion. It seems gold lacks direction as it weighs news out of Europe but realizes that the concern over their debt situation is far from resolved. [Read more...]

Active Stocks In After Hours Trading: CBRX, YHOO, IVN, MOTR, COOL, CREE, BXS, DHT

Columbia Laboratories, Inc. (NASDAQ:CBRX) is up 6.85% in after hours trading at $1.17. CBRX was pummeled today on news that its gel did not work in U.S. FDA review. CBRX traded 18.1 million shares today, more than 30 times its daily average. The company has a market cap of 95.56 million

Yahoo! Inc. (NASDAQ:YHOO) is up close to 3% in after hours following news Jerry Yang has resigned from all positions at the company. YHOO closed the day at $15.43 and is currently trading at $15.88 in after hours. YHOO traded 14.8 million shares today, about 6 million less than the stock trades on average. The company has a market cap of 19.14 billion.

Ivanhoe Mines Ltd (NYSE:IVN) is up 2.21% in after hours trading at $19.40. IVN closed the day down 4.33% after being up briefly in morning trading. IVN pulled back today after seeing a big spike yesterday afternoon when the stock jumped about $2 a share. The company has a market cap of 14.02 billion.

Motricity, Inc. (NASDAQ:MOTR) is up 2.50% in after hours trading at $0.76. MOTR traded 747 thousand shares today and trades 842 thousand shares a day on average. MOTR closed the day down more than 6% and closed with heavy selling pressure. The company has a market cap of 34.87 million.

Majesco Entertainment Company (NASDAQ:COOL) is down 20.81% in after hours trading at $2.98. COOL closed the day up slightly, but soon turned negative once the company released their latest quarterly report after the market close. Majesco saw their fourth quarter loss widen to $3.9 million from a loss of $1.5 million a year ago. The company’s forecast for 2012 is also week with an EPS of $0.25-0.35. Analysts were expecting an EPS of $0.46. The company has a market cap of 115.79 million.

Cree, Inc. (NASDAQ:CREE) is down 4.63% in after hours at $22.25. CREE shares fell as company’s fiscal second quarter missed estimates. CREE traded 5.7 million shares today, close to double its daily average. The company has a market cap of 2.69 billion.

BancorpSouth, Inc. (NYSE:BXS) is down 3.86% in after hours trading at $11.72. BXS share fell after they announced an underwritten public offering of $100 million of its common stock. BXS traded below average volume today with 644 thousand shares traded, 300 thousand less than its daily average. The company has a market cap of 1.02 billion.

DHT Holdings, Inc. (NYSE:DHT) is down 5.93% in after hours trading at $0.70. DHT shares closed down 7% today at $0.7441 with 753 thousand shares traded. No recent news today for DHT, but it did have volatile trading last Thursady when the stock jumped nearly $0.10 before coming back down by the end of that day. On Friday it traded flat and then traded negative today with heavy selling volume in the last hour of trading today. The company has a market cap of 47.96 million.

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