NASDAQ:ECYT

Hot Stocks Rallying in Early Trading: SCLN, ECYT, AMRN, VRNG, RAD, LSI, FIO

Stocks are up some this morning one day after the Dow rallied over 200 points. Most banks are continuing to rise today after the Fed announced that most major banks passed its stress test yesterday with Citigroup (NYSE:C) being a notable exception. Goldman Sachs (NYSE:GS) is trading lower today after an op-ed article ran in the New York Times from Greg Smith, former Goldman executive, on why he is leaving the company.

The Dow is currently up 36 points, the Nasdaq is up 6 points and the S&P 500 is up 1 point. [Read more...]

Futures Shed Gains as Oracle Misses. Stocks to Watch: DFG, ORCL, RIMM, ECYT, INHX, NKE, AAPL

After being up up nearly 100 points after an ECB announcement, the Dow futures are currently up 9 points to 12,040. Nasdaq futures are flat, while S&P futures are down half a point to 1235.50. The major driver holding the markets down is Oracle missing analysts expectations.

The ECB came out out overnight and announced the participation rate in its funding program. Over 500 banks participated to the tune of $641 billion. This far exceeded the numbers Reuters had come up with earlier. It showed a deeper liquidity that previously realized.

The announcement was a catch 22. It showed that liquidity needs were more than being met, but it exposed that a greater number of banks were having short term liquidity issues.

As the market winds down going into the Christmas holiday the economic data calendar is becoming sparse. Today’s major data is existing home sales and is expected at 10am EST. This is on the heels of better than expected housing starts data yesterday.

Commodity prices continued to rally after their drubbing last week. Gold is up $9 to 1$1626. Crude oil is adding 44 cents to $97.69.

On the currency front, the dollar index continues to be a choppy trade. The DXY is up right now .1% to 79.90.

Stocks to watch today include Delphi Financial Group, Inc. (NYSE:DFG), Oracle Corporation (NASDAQ:ORCL), Research In Motion (NASDAQ:RIMM), Endocyte, Inc. (NASDAQ:ECYT), Inhibitex, Inc. (NASDAQ:INHX), Nike, Inc. (NYSE:NKE) and Apple Inc. (NASDAQ:AAPL)

Delphi Financial Group, Inc. (NYSE:DFG) is up 72.63% in pre market trading at $43.90. DFG has traded one thousand shares so far this morning and averages 261 thousand shares a day. Tokio Marine Holdings and Delphi Financial Group announced today that Tokio Marine Holdings will acquire all outstanding shares of Delphi Financial Group for $2.7 billion. Delphi has a market cap of 1.39 billion.

Oracle Corporation (NASDAQ:ORCL) is down 8.91% in pre market trading at $26.57. ORCL has traded 29 thousand shares so far in pre market and trades 26.11 million shares a day on average. Earnings for the company fell short for the first time in 10 years. Oracle posted an EPS of $0.54, while analysts were expecting $0.57. The company has a market cap of 147.15 billion.

Research In Motion (NASDAQ:RIMM) is up 7.83% in pre market trading at $13.50. RIMM has traded 375 thousand shares so far today and trades 21.96 million shares a day on average. News that Microsoft and Nokia had thought about acquiring the company in recent months is sending stocks up this morning. The status of these talks unclear. Research In Motion has a market cap of 6.56 billion.

Endocyte, Inc. (NASDAQ:ECYT) is up 4.43% in pre market trading at $3.30. ECYT trades 676 thousand shares a day on average. Endocyte has a market cap of 112.93 million.

Inhibitex, Inc. (NASDAQ:INHX) is up 0.67% in pre market trading at $10.59. INHX trades 4.12 million shares a day on average. INHX stock has recovered somewhat after having a massive sell off last Friday. The company has a market cap of 823.65 million.

Nike, Inc. (NYSE:NKE) is up 1.71% in pre market trading at $95.23. NKE has trades 2.38 million shaers a day on average. Nike shares are up early after the company announced earnings. Nike saw profits rise for the third straight quarter. Nike has a market cap of 43.41 billion.

Apple Inc. (NASDAQ:AAPL) is down slightly in pre market trading at $393.93. AAPL trades 13.94 million shares a day on average. AAPL stock jumped more than $13 a share yesterday after the market wide rally saw the Dow gain more than 300 points. Apple has a market cap of 368 billion.

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.

Stock Futures Lower as Euro Concerns Weigh, Stocks to Watch: AVP, NVDA, AAPL, JIVE, LIVE, ECYT, MAR

Another day, another issue with Europe. The never-ending crisis is weighing heavily on US markets after the Euro dipped below 1.30 in overnight trading. Currently the Dow Futures are off modestly at 14 points, while the Nasdaq is slightly negative, dropping 7 points. The S&P is following the same trend down 1.75.

While the Fed statement yesterday met expectations, investors were still disappointed that it did not provide a clue or signal an intent to a return of QE. This caused a broader market sell-off with all the major indices going negative. Currently European markets are negative as traders there look at this week’s bond sales in both Italy and Europe. They are especially worried about the Italian sale due to the rapid rise in yields over the past few months.

Here in the states it is a return of political brinkmanship over something that should be bi-partisan. The payroll tax cut for millions of Americans is set to expire at the end of the year and the two parties still refuse to budge. The House GOP in their normal stubborn way decided to attach a pipeline project to the extension. Just so happens this pipeline goes right over the biggest aquifer in the country. Ask the Gulf of Mexico how that turned out.

The Democrats for their part have held up the omnibus spending bill which will cause a government shutdown in the next few days unless it is passed. Toss in a presidential veto for the House version and you have all the makings of Capitol Hill holiday cheer.

Commodities are trading to the downside this morning. Most of this is due to the strengthening of the dollar against the Euro but also on economic concerns. Gold lost another 2% as it continues its downward trend while oil slipped another 1.5%.

European markets continue to take it on the chin as their crisis, while not spinning out of control, seems to be teetering once again on the edge. Major indexes in the EU are all red in afternoon trading with the banking heavy Stoxx 600 down about a percent.

Stocks to watch today include Avon Products, Inc. (NYSE:AVP), NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Jive Software Inc. (NASDAQ:JIVE), LiveDeal, Inc. (NASDAQ:LIVE), Endocyte, Inc. (NASDAQ:ECYT), Marriott International Inc. (NYSE:MAR).

Avon Products, Inc. (NYSE:AVP) is up 8.98% in pre market trading at $17.59. AVP trades 6.57 million shares a day on average. AVP stock has dropped more than $1 a share since last Thursday. Avon announced it will be separating the roles of CEO and chairman starting in 2012. Andrea Jung currently holds both positions. The company has a current market cap of 6.95 billion.

NVIDIA Corporation (NASDAQ:NVDA) is up 1.20% in pre market trading at $14.30. NVDA trades 17.60 million shares a day on average. NVDA has been trading lower since last Wednesday and has fallen nearly $1 a share. NVIDIA has a current market cap of 8.63 billion.

Apple Inc. (NASDAQ:AAPL) is down slightly in pre market trading at $388.62. AAPL trades 14.33 million shares a day on average. Since last Wednesday, AAPL has traded from $388 to $394 and back down again. The company has a current market cap of 361.36 billion.

Jive Software Inc. (NASDAQ:JIVE) is up 1.13% in pre market trading at $15.22. JIVE had its IPO yesterday and traded nearly 15 million shares. Will IPO fever catch with JIVE like it did for other IPOs this year or will it slowly trudge along until having a sell off? Depends on what is happening in the overall market.

LiveDeal, Inc. (NASDAQ:LIVE) closed Tuesday up 286% at $5.60. LIVE was up on heavy volume yesterday and looks to continue trading heavy volume today. LIVE jumped yesterday after the company completed equity financing. LiveDeal has a market cap of 3.87 million.

Endocyte, Inc. (NASDAQ:ECYT) closed yesterday down 65.31% at $3.57. ECYT trades 189 thousand shares a day on average. Endocyte tanked yesterday following disappointing results on its cancer therapy EC 145. A study found the drug did not extend a patient’s life. The company has a current market cap of 127.59 million.

Marriott International, Inc. (NYSE:MAR) finished Tuesday down 2.76% at $28.84. MAR trades 3.69 million shares a day on average. Marriott announced a management change as J.W. Marriott Jr. will step down from his post of Chief Executive next March. Arne Sorenson will replace him as CEO. Marriott has a current market cap of 9.67 billion.

Biggest Losers In Morning Trading: ECYT, IVN, CMED, LRN, ALIM, FST

Stocks are coming off their highs this morning with the S&P and Nasdaq about to turn negative. There is still a lot of uncertainty in the markets over the Europe situation, plus investors are waiting to hear the Fed’s assessment of the U.S. economy. The Dow is up 50 points right now, the Nasdaq is up 3 points and the S&P is up 4 points.

Here’s a handful of stocks that are deep in the red this morning.

Endocyte, Inc. (NASDAQ:ECYT) is down 62.39% this morning at $3.87. ECYT has traded 4.8 million shares so far today, way above its daily average of 160 thousand shares. ECYT stock fell this morning after the company the overall survival results for its drug were ‘inconclusive’. The company has a market cap of 136.88 million.

Ivanhoe Mines Ltd. (NYSE:IVN) is down 15.99% this morning at $17.39. IVN has traded nearly 5 million shares this morning, nearly twice its daily volume average. Ivanhoe is down today after they lost a legal battle with Rio Tinto. The company has a market cap of 12.82 billion.

China Medical Technologies Inc. (NASDAQ:CMED) is down 14.39% this morning at $2.80. CMED has traded 369 thousand shares so far this morning and trades 556 thousand shares a day on average. CMED is down this morning after the company announced it plans to implement debt restructuring. China Medical has a market cap of 74.19 million.

K12, Inc. (NYSE:LRN) is down 11.98% in early trading at $25.46. LRN has traded 924 thousand shares this morning, 3 times its daily average volume. LRN has been rallying most of the month from $24 a share to over $28 before falling today. K12 Inc. has a market cap of 892.04 million.

Alimera Sciences, Inc. (NASDAQ:ALIM) is down 12.29% this morning at $1.57 ALIM has traded 570 thousand shares this morning, 260 thousand more shares than it trades a day on average. ALIM stock is pulling back after rising nearly $0.50 over the past 2 trading days. The company has a market cap of 49.65 million.

Forest Oil Corp. (NYSE:FST) is down 10.63% in early trading at $14.36. FST has traded 4.2 million shares so far today and trades 5.2 million shares a day on average. Forest Oil announced it has budgeted $550 million to $600 million for capital projects next year. The company also announced it’s projecting annual organic growth of 5% to 6% for net sales volumes next year. The company has a market cap of 1.63 billion.

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