Stocks Slightly Lower as Investors Look for Direction, Hot Stocks to Watch: BSDM, BIOF, FOLD, SPB, EMXX, QCOR

The Dow and S&P 500 are trending slightly lower this morning as investors take a wait and see approach ahead of Alcoa’s earnings. The Nasdaq is down nearly 1% as Apple drops 1.5% after Nomura initiated coverage with a neutral rating and a $710 price target. Investors are also on edge this week after the IMF lowered its global growth forecast to 3.3% for 2012, the slowest forecast since 2009. The IMF also warned politicians in the U.S. and Europe that failure to address their respective economic problems would extend slower growth even further.

The major stock averages are negative this morning with the Dow off 5 points, the Nasdaq down 23 points and the S&P 500 down 3 points. [Read more...]

Hot Stocks to Watch: GALE, APH, VVUS, ARUN, FOLD, EMC

Wall Street signStocks are trading higher today investors keep an eye on more comments from Ben Bernanke. Bernanke will deliver his semiannual report to the House Financial Services Committee later this morning. Bernanke gave a poor outlook for the economy last week, but pledged that the Fed will take action as needed to help the economy.

The Dow is up 42 points, the Nasdaq is up 23 points and the S&P 500 is up 5 points this morning. [Read more...]

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