NASDAQ:EMKR

GTSI, VRTX, MU, YHOO, FTR, ZNGA, EMKR Are Pre Market Movers For May 7

Stock FuturesInvestors should get ready ready for a steady diet of Europe this morning after the double elections wrapped up yesterday. While the French result was expected, the Greek parliamentary elections were a total route for the pro-bailout parties. They failed to win enough seats to form a coalition, so gridlock in the Greek government is expected.

This could put the entire bailout at risk and the Euro as a consequence. France selecting a socialist president is almost assuredly going to open a rift with Germany. Currently Dow futures are down 49 points. Nasdaq and S&P futures are down 11 and 5 points respectively.

Domestic economic data is nearly nonexistent today with just consumer credit data set for release at 3pm EST.

Check out https://www.pennystockstrategy.com/penny-stock-alerts for the latest coverage of the otc and otcbb markets.

Commodities are following the broader market lower today. Oil prices have lost their hold on $100 per barrel as Nymex crude futures are down another 77 cents to $97.72. Gold prices are also modestly lower, down $7.10 to $1,638 per ounce. [Read more...]

Midday Market Update: VRNG, VPRT, HEK, EMKR, SIFY, HOV

The market has recovered somewhat in midday trading, but is still in negative territory. Europe continues to be a problem as Greece still hasn’t gotten a deal done with their creditors. The Dow is down about 80 points right now, the Nasdaq is down 12 points and the S&P 500 is down 9 points.

Vringo, Inc. (AMEX:VRNG) is up 11.88% today at $1.13. VRNG has traded 456 thousand shares so far today, way above its daily average of 48 thousand shares. No news pushing the big volume spike on VRNG today. The company has a market cap of 6.98 million. Check out one of the best swing traders on the street.

Vistaprint (NASDAQ:VPRT) is up 8.28% in midday trading at $37.67. VPRT has traded 1.7 million shares so far today, nearly 3 times its daily average. VPRT shares have jumped more than $8 a share since the middle of the month. Vistaprint announced quarterly results last week and saw earnings beat expectations. The company has a market cap of 1.45 billion.

Heckmann Corporation (NYSE:HEK) is up 2.39% today at $5.14. HEK has traded 3.3 million shares so far today, 30% more than its daily average. HEK share have fallen nearly $2 over the past month and is looking to turn around. The company has a market cap of 605.70 million.

EMCORE Corporation (NASDAQ:EMKR) is down 11.90% today at $1.11. EMKR has traded 1.3 million in midday trading, more than double its daily average. EMCORE announced a 1 for 4 reverse stock split over the weekend that will become effective following the filing of an amendment to EMCORE’s corporate charter. The company has a market cap of 103.47 million. Check out one of the best swing traders on the street.

Sify Technologies Limited (NASDAQ:SIFY) is down 6.39% today at $4.69. SIFY has traded 792 thousand shares so far today and trades 875 thousand shares a day on average. SIFY announced fiscal third quarter results today. Revenue for the quarter was INR 1805 million. The company has a market cap of 395.93 million.

Hovananian Enterprises, Inc. (NYSE:HOV) is down 8.24% in midday trading at $2.45. HOV has traded 2.2 million shares so far today, above its daily average of 1.9 million shares. HOV shares are dipping today after rising more than 100% over the past month. The company has a market cap of 235.99 million.

NASDAQ Gainers This Morning: ACAT, EMKR, LEDS, ZGNX, SWSH, ENOC

Arctic Cat Inc. (NASDAQ:ACAT) is up 22.64% this morning at $23.29. ACAT has traded 270 thousand shares so far today, double its daily average. Arctic Cat announced a cash buyback of 6.1 million class B shares from Suzuki Motor Corporation this morning. The company has a market cap of 439.03 million.

EMCORE Corporation (NASDAQ:EMKR) is up 26% in early trading at $1.09. EMKR has traded 1.8 million shares so far today, more than three times its daily average. EMKR posted a greater loss in the fourth quarter as floods in Thailand caused supply shortages. The company posted an EPS loss of $0.15 EMKR shares were down to $0.82 after hours yesterday, but have since recovered today. The company has a market cap of 103.21 million. Maximize Your Trades With Profitly

SemiLEDs Corporation (NASDAQ:LEDS) is up 20.77% today at $3.89. LEDS has traded 131 thousand shares so far today, already higher than its daily average of 91 thousand shares. LEDS stock is up nearly $1 a share since last Wednesday. The company has a market cap of 103.21 million.

Zogenix, Inc. (NASDAQ:ZGNX) is up 12.04% this morning at $2.14. ZGNX has traded 335 thousand shares so far today, 100 thousand more shares than its daily average. ZGNX stock has been trending higher since last Thursday when it was trading around $1.50. The company has a market cap of 142.10 million.

Swisher Hygiene Inc. (NASDAQ:SWSH) is up 6.75% in early trading at $3.48. SWSH has traded 132 thousand shares so far today and averages 807 thousand shares a day. The company has a market cap of 605.26 million. Maximize Your Trades With Profitly

EnerNOC, Inc. (NASDAQ:ENOC) is up 5.26% today at $10.60. ENOC has traded 215 thousand shares so far today and averages 326 thousand shares daily. ENOC stock is up about $1 since mid December. The company has a market cap of 277.15 million.

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