NASDAQ:CRUS

After Hours Trading for April 25

April 25, 2012 By Leave a Comment

NasdaqStocks ended the day higher as Apple’s earnings helped propel the Nasdaq up more than 2%. The market also reacted positively to the Fed’s latest meetings as Bernanke reiterated that the central bank will take action to help the economy if needed. The Fed decided they will keep its key interest rate unchanged until late 2014 and they also increased their outlook for economic growth to 2.4-2.9%.

The Dow ended the day up 89 points, the Nasdaq closed at 68 points and the S&P 500 closed up 18 points. [Read more...]

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Hot Stocks to Watch: CALX, GNC, SIFY, CRUS, GALE, RFMD

April 25, 2012 By Leave a Comment

Wall Street signAn Apple a day may not keep the doctor away, but it is helping keep the bears away. The massive beat yesterday has the the market rallying on all fronts. Apple itself is rallying nearly 10%. The company’s earnings beat not only lifted domestic markets, but global markets. Maybe we can get everyone to buy iphones and that will solve the sovereign debt issues in Europe.

Outside of the Apple induced euphoria, market watchers will quickly turn to the FOMC statement early this afternoon. This will be followed by a press conference. Expect CNBC talking heads to parse Bernanke’s meaning of the word ‘the’ in reference to the Fed’s willingness to continue with some sort of stimulus program.

Currently the Dow is off its session highs, up 72 points. The Nasdaq and S&P are both adding 55 and 13 points respectively. [Read more...]

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Futures Look to Rally As Alcoa Beats on Revenue. Stocks to Watch: FSLR, FMCN, AAPL, CRUS, NUAN, SIRI, NFLX

January 10, 2012 By Leave a Comment

Stock futures are set to follow the global rally that started overnight in Asia and continued into Europe. Dow futures are currently up over 100 points to 12,455. Nasdaq 100 futures are following suit, adding nearly 20 points 2,336. The S&P 500 is rounding out the early morning rally, up nearly 13 points to 1,288. Sign Up For Our Free Weekly Newsletter

The kickoff of earnings season is helping drive the market. Yesterday afternoon Alcoa reported. Though Alcoa swung to a loss, the company saw a sizable uptick in revenue growth. The CEO also expects aluminum demand to pick back up in 2012. Shares of Alcoa are currently up over 2% in pre-market trading.

In Asia almost every market was green in overnight trading. There is renewed hope that the Chinese government will ease monetary policies to help the markets after their nightmarish performance in 2012. The Shanghai Composite Index jumped nearly 2.7% while the Hang Seng added nearly .75%.

Europe followed in Asia’s footsteps in joining the rally. the banking heavy Stoxx 600 Index is currently up 1.6% and the French CAC 40 index is adding 2.56%. Europe has been getting trounced in recent days so a lot of value opportunities are presenting themselves to traders. Should be noted the the sovereign debt crisis still looms in the background and the possibility of a Greek Euro exit is still there.

In the United States all eyes will swing to the domestic political situation today. The New Hampshire primary takes place today and while Mitt Romney is expected to win expect a lot of noise if the margin comes in the single digits. That would have him losing 20 points in polls and rest assured the political media would point that out. He has come under fire in recent days for his stint at Bain Capital.

In commodities trading, gold is following the rest of the market. Currently up $28 an ounce, gold is still trying to shake its December near bear-market performance. Oil futures are also up this morning with Nymex crude futures trading higher by $1.55 a barrel to $102.86.

Stocks to watch today include First Solar, Inc. (NASDAQ:FSLR), Focus Media Holding Limited (NASDAQ:FMCN), Apple Inc. (NASDAQ:AAPL), Cirrus Logic, Inc. (NASDAQ:CRUS), Nuance Communications Inc. (NASDAQ:NUAN), Sirius XM Radio Inc. (NASDAQ:SIRI) and Netflix, Inc. (NASDAQ:NFLX)

First Solar, Inc. (NASDAQ:FSLR) is up 4.51% in pre market trading at $38.50. FSLR has traded 3.3 thousand shares this morning and trades 4.23 million shares a day on average. FSLR has rallied more than $4 a share after hitting a low last Wednesday of around $34 a share. The company has a market cap of 3.18 billion.

Focus Media Holding Limited (NASDAQ:FMCN) is up 12.24% in pre market trading at $21.00. FMCN has traded a touch over 2 thousand shares this morning and trades 4.55 million shares a day on average. FMCN has fallen more than $2 a share over the past five trading days. The company has a market cap of 2.54 billion.

Apple Inc. (NASDAQ:AAPL) is up 1% in pre market trading at $425.95. AAPL has traded 25 thousand shares this morning and trades 11.04 million shares daily on average. AAPL shares have been trending up since the middle of December and have moved more than $40 a share since then. The company has a market cap of 391.96 billion.

Cirrus Logic, Inc. (NASDAQ:CRUS) is up 11.49% in pre market trading at $18.92. CRUS trades 1.22 million shares a day on average. Since last Wednesday, CRUS has jumped up about $2 a share. The company has a market cap of 1.08 billion.

Nuance Communications Inc. (NASDAQ:NUAN) is up 5.94% in pre market trading at $29.00. NUAN trades 3.51 million shares every day on average. NUAN shares are up more than $2 a share since last Tuesday. The company has a market cap of 8.29 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 0.73% in pre market trading at $2.06. SIRI has traded 42 thousand shares this morning and trades 41.66 million shares every day on average. SIRI has been trending higher since last Wednesday when it announced a big increase in subscribers from last year. The company has a market cap of 7.67 billion.

Netflix, Inc. (NASDAQ:NFLX) is down 2.76% in pre market trading at $95.47. NFLX has traded about 46 thousand shares so far this morning and trades 7.06 million shares a day on average. NFLX has been on an absolute tear since the new year began. The stock has jumped from $70 to almost $100 in just over a week. The company has a market cap of 5.15 billion.

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

January 9, 2012 By Leave a Comment

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.

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