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.

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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...]

Stock Futures Look to Start Quarter Mixed, Stocks to Watch

Stock FuturesFutures are whipsawing between positive and negative territory as investors look for direction on this first day of the new quarter. Dow futures are trading higher, up 68 points to 13,146. Nasdaq 100 futures are slightly negative along with the S&P 500 futures. Both are down 2 points and .75 points respectively.

After a near record-setting pace of the first quarter, investors are looking for confirmation of their perception on the economy. ISM numbers and the construction spending report are both slated for release at 10am EST. Analysts are expecting a rise in the ISM number despite regional weakness in recent reports.

Some analysts are starting to wonder if this will be a repeat of last year. We had a top around this point and then a low set in September. That is the reason the data has to quit missing expectations if the rally is expected to continue. Plus global concerns remain in the mix.

In Europe, Spanish and Italians markets are being heavily his in trading. Both are down over 1%. Other EU markets are drifting lower.

An official survey out of China on manufacturing showed a much better than expected improvement in March. This flies in the face of HSBC survey and one has to question the validity of the government’s survey. [Read more...]

Midday Movers for 2/21: PBH, SSN, HL, ALU, FTR, WFT, DAL, CIE, UAL

Floor of the NYSEStocks have turned positive in midday trading after being briefly negative earlier today. The Greek bailout and earnings are sending the major indices higher today. The Dow continues to trade close to the 13,000 mark. The last time the Dow was that high was in May of 2008, before the financial crisis sent the U.S. economy spiraling out of control.

Prestige Brand Holdings, Inc. (NYSE:PBH) is up 19.74% today at $16.17. PBH has traded 4.6 million shares so far today, way above its daily average of 260 thousand shares. PBH are rallying today after Genomma Lab announces non-binding proposal to acquire Prestige Brand Holdings for $16.00 a share in cash. The company has a market cap of 816.58 million. [Read more...]

After Hours Winners and Losers: SPWR, AMAT, YGE, QLIK, SAPX, FTR

SunPower Corporation (NASDAQ:SPWR) is up 10.96% in after hours trading at $8.30. SPWR announced fourth quarter earnings after the market close today. SunPower reported a net loss of $83.1 million or $0.84 per share. In the same period last year, the company reported net income of $152.3 million or $1.44 per share. The company has a market cap of 749.32 million.

Applied Materials, Inc. (NASDAQ:AMAT) is up 4.69% in after hours trading at $13.21. AMAT shares are up this afternoon following the company’s quarterly results. EPS came in at $0.18 per share, beating estimates of $0.12 per share. The company’s forecast also beat expectations. The company has a market cap of 17.25 billion. [Read more...]

Active Stocks In Midday Trading: FTR, CSCO, RIMM, HGSI, EMN, UAL

Stocks are slipping in midday trading as GDP numbers came in lower than expected. The economy grew at a 2.8% annual rate in the last three months of the year. Economists were expecting 3% growth. Inventory stockpiling accounted for 1.9% of the GDP in the fourth quarter.If you take that out, the economy only grew at 0.8%. The Dow is currently down 83 points, the Nasdaq is up 5 points and the S&P 500 is down 4 points.

Frontier Communications Company (NASDAQ:FTR) is down 5.15% in midday trading at $4.23. FTR has traded 38.7 million shares so far today, about double its daily average. FTR shares are down about 20% on the year. The company has a market cap of 4.23 billion. Check out one of the best swing traders on the street.

Cisco Systems, Inc. (NASDAQ:CSCO) is down 1.26% today at $19.56. CSCO has traded 27.9 million shares so far today and trades 47.4 million shares a day on average. CSCO shares are dipping a little bit today as the overall market looks weak right now. The company has a market cap of 105.10 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 2.65% in midday trading at $16.70. RIMM has traded 14.1 million shares today and trades 24.4 million shares a day on average. RIMM shares have been bouncing back the past few days after falling more than $2 a share earlier this month. The company has a market cap of 8.62 billion.

Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 8.61% today at $10.60. HGSI has traded 7.5 million shares so far today, 1 million shares more than its daily average. HGSI shares are up more than $3 a share since the start of the year. The company has a market cap of 2.08 billion. Check out one of the best swing traders on the street.

Eastman Chemical Company (NYSE:EMN) is up 4.90% in midday trading at $49.44. EMN has traded 10.8 million shares right now, well above its daily average of 1.6 million shares.EMN shares are up today after the company bought Solutia for $3.4 billion. The company has a market cap of 6.78 billion.

United Continental Holdings (NYSE:UAL) is up 6.36% today at $23.08. UAL has traded 10.5 million shares today, 80% more than its daily average. UAL shares are up today after the company posted fourth quarter results that beat surpassed analysts expectations. The company has a market cap of 7.64 billion.

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