Market Down Despite Jobless Claims at Four-Year Low, NASDAQ Stocks to Watch

NasdaqStocks are off their early lows but still negative this morning. Worries about China’s economy and the euro zone offset jobless claims hitting a four-year low. China’s manufacturing sector activity fell in March marking the fifth-straight monthly decline. The euro zone’s composite PMI also showed slowing manufacturing activity especially in France and Germany.

Closer to home, the jobs market continues to improve. Weekly jobless claims fell 5,000 last week to a seasonally adjusted 348,000. This is a new four-year low for jobless claims according to the Labor Department. Economists were expecting jobless claims to jump slightly to 354,000.

The major stock indices are down anywhere between 0.3% and 0.5% this morning. The Dow is down 49 points, the Nasdaq is down 9 points and the S&P 500 is down 7 points. [Read more...]

Existing Home Sales Unexpectedly Fell Last Month, NASDAQ Stocks to Watch

NASDAQ Screen at Times SquareThe stock market starting the morning in the green, but are starting to waver after existing home sales fell in February. Existing home sales fell nearly 1% last month to an annual rate of 4.59 million units after seeing a 5.7% gain in January. Economists were expecting sales to jump to a 4.62 million-unit sales pace.

Ben Bernanke is also testifying before the House Oversight Committee right now about Europe’s debt crisis. Bernanke reiterated that the Fed will intervene if conditions worsened.

A quick look at the market show the Dow down 11 points, the Nasdaq up 1 point and the S&P 500 down 1 point. [Read more...]

Stocks Take a Break From Rally, NASDAQ Stocks to Watch

Nasdaq stocksThe stock market is trading lower today putting a hold on the S&P 500 as it nears it’s historic closing high. Housing data was a bit mixed today as permits for future construction jumped to a more than 3-year high and housing starts fell.

China is also a bit of a concern as investors worry about signs of slowing in the country’s economy. Australian miners signaled this morning that ire ore demand was down.

Overall, there’s not much going on today in term’s of economic news or other catalysts to drive the market. Many analysts continue to call for a meaningful pull back, but today could just be a profit taking day for some investors.

Looking at the markets this morning show the Dow down more than 90 points, the Nasdaq down more than 20 points and the S&P 500 down about 9 points. [Read more...]

The Recovery Looks to Housing and Cheap Stocks to Watch Tomorrow

Wall Street signAll about housing this week. A host of data points are expected and analysts are looking for this sector to join the rest in the recovery. So far, the pace of housing has been slow and that’s being diplomatic. Any miss here may halt the rally, while good news may keep the train moving down the tracks.

One thing that may hold housing in check is the fact the middle class is still getting pummeled. Sure the jobs numbers look good on paper, but temp jobs do not turn into an accepted mortgage application. Maybe they did in 2006, but not in this new normal. The low rates though have enticed homeowners into refinancing so the number sin applications may get heavily skewed by that.

Outside of housing, China will come into focus with its banking reports. Investors will be paying close attention to any slip in profits or under-performance. [Read more...]

NASDAQ Stocks Rallying This Morning: AMRN, VRML, CYTX, GALE, XOMA, OREX

A list of NASDAQ stocksStocks are trading flat in early trading today on a weaker than expected consumer sentiment report. Consumer sentiment fell to 74.3 from 75.3 in February. Economists were expecting a reading of 76. Consumer prices index increased 0.4% last month due to increased gas prices. Taking a quick look at the market shows the Dow up 7 points, the Nasdaq up 1 point and the S&P 500 up 1 point.

Amarin Corporation (NASDAQ:AMRN) is up 12.12% this morning at $10.00. AMRN has traded 5.7 million shares so far today, well above its daily average of 3.1 million shares. Amarin shares have been climbing the past couple of days on rumors of patent progress for its heart drug candidate AMR-101. There have also been rumors of a possible takeover. The company has a market cap of 1.35 billion. [Read more...]

NASDAQ Stocks Slipping In Early Trading: FLML, VRA, YONG, GALE, KITD, PSUN

NASDAQ Screen at Times SquareFlamel Technologies S.A. (NASDAQ:FLML) is trading down 18.12% today at $6.28. FLML has traded 512 thousand shares so far today, well above its daily average of 157 thousand shares. Flamel Technologies announced acquistion of Eclat Pharmaceuticals late yesterday. The company has a market cap of 153.66 million.

Vera Bradley, Inc. (NASDAQ:VRA) is down 9.32% this morning at $33.68. VRA has traded 2.7 million shares so far today, more than 4 times its average volume. Vera Bradley announced fourth quarter earnings increased 41% thanks to surging sales. Shares of the company are down though due to a cautious forecast. The company has a market cap of 1.36 billion. [Read more...]

Market Continues Negative, Midday Movers: TEAR, GALE, WPX, PPO, YELP, LCC

Wall StreetStocks continue to trade in negative territory today as worst than expected economic data from Europe and China weights on investors. China cut its 2012 growth target to 7.5% as the country. Chinese Premiere Wen Jiabao said the country hopes to reach this new target by using prudent monetary policies to fight pressure to its growth and high inflation. Investors continue to worry about a Greek default. Last week, Moody’s downgraded Greece to the lowest bond rating.

In the U.S., economic news continues to be positive. The ISM index for February hit 57.3, beating economists’ expectations of 56.1. Positive news closer to home couldn’t overshadow negative news overseas though. Right now the Dow is down 45 points, the Nasdaq is off 28 points and the S&P 500 is down 8 points.

TearLab Corporation (NASDAQ:TEAR) is up 11.93% in midday trading at $1.97. TEAR is up on above average volume with 220 thousand shares traded. TEAR shares are bouncing back today after dipping from $2 to $1.70 over the past two weeks. On the year, TEAR is up about $0.90 from its low of $1.10. The company has a market cap of 40.42 million. [Read more...]


list of nasdaq stocksStocks are trading negative in midday trading due to lack of economic news and the upcoming weekend. Traders usually close positions before the weekend to avoid any kind of breaking news that could affect the market on Monday. The Dow is trading down 27 points, the Nasdaq is down 10 points and the S&P 500 is down 5 points.

Sino Clean Energy Inc. (NASDAQ:SCEI) is up 34.43% in midday trading at $2.8310. SCEI has traded 4.8 million shares so far today, well above its daily average of 416 thousand shares. SCEI shares have jumped nearly 100% over the past two trading days. Sino Clean continues to go higher after news on March 1 about their finances. The company has a market cap of 66.74 million. [Read more...]

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