The Recovery Looks to Housing and Cheap Stocks to Watch Tomorrow

Wall Street signAll about housing this week. A host of data points are expected and analysts are looking for this sector to join the rest in the recovery. So far, the pace of housing has been slow and that’s being diplomatic. Any miss here may halt the rally, while good news may keep the train moving down the tracks.

One thing that may hold housing in check is the fact the middle class is still getting pummeled. Sure the jobs numbers look good on paper, but temp jobs do not turn into an accepted mortgage application. Maybe they did in 2006, but not in this new normal. The low rates though have enticed homeowners into refinancing so the number sin applications may get heavily skewed by that.

Outside of housing, China will come into focus with its banking reports. Investors will be paying close attention to any slip in profits or under-performance. [Read more...]

NASDAQ Stocks Rallying This Morning: AMRN, VRML, CYTX, GALE, XOMA, OREX

A list of NASDAQ stocksStocks are trading flat in early trading today on a weaker than expected consumer sentiment report. Consumer sentiment fell to 74.3 from 75.3 in February. Economists were expecting a reading of 76. Consumer prices index increased 0.4% last month due to increased gas prices. Taking a quick look at the market shows the Dow up 7 points, the Nasdaq up 1 point and the S&P 500 up 1 point.

Amarin Corporation (NASDAQ:AMRN) is up 12.12% this morning at $10.00. AMRN has traded 5.7 million shares so far today, well above its daily average of 3.1 million shares. Amarin shares have been climbing the past couple of days on rumors of patent progress for its heart drug candidate AMR-101. There have also been rumors of a possible takeover. The company has a market cap of 1.35 billion. [Read more...]

Real Time Web Analytics