NASDAQ:FMCN

Market’s Bullish Run Slows and 6 Stocks to Watch

A list of NASDAQ stocksStocks ended the day higher, but just barely. Boosted by housing data and the Apple announcement, the major indexes finished the day slightly higher. The Dow closed up 6 points to 13,293. The Nasdaq 100 finished the day up 23 points to 3,078. The S&P 500 rounded out the day’s modest gains, up 5.5 points to ,409.

The Nasdaq today was buttressed by the two-fold Apple announcement. First they announced a quarterly dividend of $2.65 per share. The second part of the announcement was a stock buy-back program. Some analysts said that Apple went and made dividends cool again. Other analysts say that it is possible for Apple to stretch its run to $700 per share. That would make the stock look even more toppy than it does now.

The rest of the market spent the day digesting the first in a series of housing data points to be released this year. With housing sentiment number coming in high, there is hope that the lagging housing market could be joining the recovery.

The one caveat to the recovery that analysts are quick to point out is rising energy prices. Already skyrocketing gas prices could start to pinch the consumer’s pocket and throw inflationary models out of whack. Toss in some good old fashioned geopolitical tensions in the Middle East and it makes for one giant caveat. [Read more...]

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

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.

Morning Gainers for 11/22: LNG, FMCN, SPRD, ZLC, GCO, BKS

Stocks are trading slightly lower this morning after GDP was revised to 2% from a previous estimate of 2.5%. The Dow is down 32 points, the Nasdaq is down 0.31 points and the S&P is down 1 points. The debt committee failure is also weighing on investors as well as the continued debt crisis in Europe. Let’s take a look at a few stocks posting gains in early trading.

Cheniere Energy, Inc. (AMEX:LNG) is up 7.49% at $12.34 this morning. LNG has traded 3.8 million shares so far today and is about to pass its daily average of 3.87 million shares. The company announced 20-year LNG (liquefied natural gas) sale and purchase. The company has a current market cap of 993.02 million.

Focus Media Holding Ltd. (NASDAQ:FMCN) is up 7.45% at $16.58 in morning trading. The company denies Muddy Water allegations that send the stock cratering yesterday. Focus Media also announced today they will continue repurchasing shares. FMCN has traded 14.5 million shares so far today, triple its daily average.

Spreadtrum Communications Inc. (NASDAQ:SPRD) is up 3.17% at $24.40 this morning. SPRD has traded 767 thousand shares so far this morning and trades on average 1.3 million shares daily. SPRD is trying to bounce back today after falling from $29 late Friday to less than $24 yesterday. The company has a current market cap of 1.15 billion.

Zale Corporation (NYSE:ZLC) is up 8.99% at $3.88 this morning. ZLC has traded 311 thousand shares so far today and is looking to beat its daily average of 747 thousand shares. Zale’s is up on strong quarter results today as the company reported a loss of $0.99, which was less than analysts expectations of $1.42. The company has a current market cap of 121.25 million.

Geneseco Inc. (NYSE:GCO) is up 5.08% at $58.94 this morning. GCO is up on above average volume with 343 thousand shares traded so far today. The stock averages 399 thousand shares in volume daily. GCO released earnings today with EPS $1.21, $0.25 better than estimates. The company also raised FY2012 EPS above consensus. The company has a current market cap of 1.42 billion.

Barnes & Noble, Inc. (NYSE:BKS) is up 4.67% at $18.16 in early trading. BKS has traded 523 thousand shares so far today and trades on average 1.2 million shares. BKS has been trending higher the past 5 days moving from $15.50 to over $18. The company has a current market cap of 1.04 billion.

Biggest Losers on the Market Today: NZT, PEIX, FMCN, GILD, NLST

The market downturn is accelerating into the noon hour as the Dow is down 337 points, the Nasdaq is down 67 points and the S&P is down 30 points. News about MF Global came out today where a trustee says shortfall may be double previous estimate and could reach $1.2 billion or more. Here’s the biggest losers of the day in midday trading.

Telecom Corp. of New Zealand Ltd. (NYSE:NZT) is down 21.51% at $7.37. NZT gaped down sharply this morning as the entire market started the day lower. NZT has traded 746 thousand shares so far today, about double its daily average. The company has a current market cap of 2.88 billion.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is down 16.54% at $1.06 in midday trading today. PEIX has been trending lower the past few days after having a decent run up for the first half of November. PEIX has traded 9.3 million shares so far today, 3 million more shares than its daily average. The company has a current market cap of 80.95 million.

Focus Media Holding Ltd. (NASDAQ:FMCN) is down 17.80% at $21.00. FMCN has traded 9.4 million shares today, 9 times its daily average volume. FMCN has been selling off since Friday after it gaped up on earnings. The company has a current market cap of 2.86 billion.

Gilead Sciences Inc. (NASDAQ:GILD) is down 12.29% at $35.00. Gilead Sciences announced today they will buy Pharmasset (NASDAQ:VRUS) for $11 billion. GILD has traded 22 million shares so far today, nearly triple its daily average. GILD had been trending slightly lower this month before dropping big today with the market. The company has a current market cap of 26.36 billion.

Netlist Inc. (NASDAQ:NLST) is down 12% at $3.08 in midday trading. NLST has traded 1.2 million shares so far today, well above its daily average of 406 thousand shares. NLST was in an uptrend all last week, but with the market down this big pretty much everything will follow. The company has a current market cap of 79.17 million.

The markets are getting hammered today and unless a company had really good news, pretty much every stock is following the market down.

Morning Nasdaq Gainers: MENT, ARUN, FMCN, CMED, SIRI

While the Nasdaq is trading sligthly down today, here’s five Nasdaq stocks bucking the downward trend.

Mentor Graphics Corp. (NASDAQ:MENT) is up 7.45% at $12.66 today. MENT announced third quarter results this morning that beat their own forecast. The company remains on track to reach $1 billion in annual sales. Mentor Graphics posted EPS of $0.22 compared to $0.14 a year ago. MENT has traded 1.6 million shares so far today, already above its daily average of 1.1 million shares. The company has a current market cap of 1.35 billion.

Aruba Networks, Inc. (NASDAQ:ARUN) is up 4.18% at $22.70 today. ARUN has traded 3.5 million shares so far today and will have no problem getting past its daily average of 3.8 million shares. ARUN gaped up to $24.24 this morning and has now fallen off that high. The company has a current market cap of 2.41 billion.

Focus Media Holding Ltd. (NASDAQ:FMCN) is up 5.14% at $26.58 today. Focus Media announced third quarter results earlier this morning. The company posted revenue of $210.7 million, well ahead of Wall Street estimates of $186.6 million. FMCN has traded 8 million shares so far today, more than double its daily average. The company has a current market cap of 3.60 billion.

China Medical Technologies Inc. (NASDAQ:CMED) is up 12.99% at $4.35 today. CMED announced second quarter results earlier this morning with net revenue of $37.4 million, an increase of 18.1% from last year. CMED has traded 954 thousand shares so far today, well above its daily average of 256 thousand shares. The company has a current market cap of 115.59 million.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 3.74% today at $1.8050. SIRI was upgraded this morning by a Lazard Capital analyst as a buy with a price target of $2.25. SIRI has traded 50 million shares so far today and trades 74 million shares daily. The company has a current market cap of 6.75 billion.

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