Hot Stocks to Watch: NEON, TFM, ISR, OSIR, DGIT, FCEL, ARNA

Wall Street signSo much for the housing recovery. If Europe was not enough of a concern, the pending home sales index is sure to give investors pause. An index of pending home sales saw its first drop in four months, deepening the already dark mood that is pervasive on the street today.

Internationally, the mood is especially dark as Spanish bond yields reach unsustainable levels. A plan is being floated to allow the permanent rescue fund to directly recapitalize ailing EU banks. Currently the fund can only lend out the money to the member states who can then bail out ailing banks. This would make the process more streamlined. Sign Up For Free Alerts

Another part of the proposal is common EU bonds, which Germany is strongly against. As the strongest economy in the EU, they do not want to be set up to foot the bill of ailing member states.

A current snapshot of market has the Dow down 151, the Nasdaq 42 and the S&P 18. [Read more...]

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...]

Stocks Trading Lower: HDY, ACOM, DGIT, CAR, PLX, VDSI

Stocks are trading higher this morning thanks to positive data. Unemployment benefits surprised investors as it fell again last to a near four year low, suggesting that the labor market may finally be strengthening. This positive data helped keep investors attention away from Moody’s warning that it may downgrade over 10 global and more than 100 European financial institutions. The Dow is up 77 points today, the Nasdaq is up 16 points and the S&P 500 is up 7 points.

HyperDynamics Corporation (NYSE:HDY) is down 31.26% today at $1.3885. HDY is down on heavy volume with 22.7 million shares traded today. The stock usually trades 3.4 million shares a day on average. HDY shares are down today after an exploration well drilled by the company showed low amounts of oil. The company has a market cap of 231.87 million. [Read more...]

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