NASDAQ:GLUU

KITD, GLUU, JRCC, MITK, LIVE, ARNA, KSWS Are The Pre-Market Movers for May 3

A list of NASDAQ stocksStock futures are pointing modestly higher this morning as investors await a slate of data and digest GM’s earnings release. Europe still remains a concern, though two bond auctions in France and Spain went off without a major event. Yields rose in Spain, but the auction was heavily subscribed. Currently the Dow futures are up 13 points. The Nasdaq and S&P futures are also trading modestly higher, both up 4 and 2 points respectively.

Most market watchers are expecting a sideways day as investors gear up for the unemployment report tomorrow. Expectations are for job creations numbers to come in at 169k and the unemployment rate staying unchanged at 8.2%.

After the disappointing ADP numbers yesterday, the weekly jobless claims may give the market a boost after they declined 27k to 365k. At 10am EST, the ISM non-manufacturing purchasing index will be released.

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Commodities are trading nearly flat to slightly negative this morning. Nymex crude futures are down fractionally to $105.04 per barrel. Gold prices are off half a percent to $1,645.80. [Read more...]

Hot Stocks to Watch: RWC, AMLN, VRML, TNK, PNR, GLUU, YELP, ZLCS

Wall Street signEconomic data is holding stocks down this morning as durable goods orders rose less than expected. Durable goods orders rose 2.2% in February and future business investment missed forecasts. Economists were expecting a 3.0% jump in durable goods orders for February.

Europe is back in the spotlight today as many believe that Spain has fallen into its second recession in three years.

A quick look at the markets show all the major indices in negative territory. The Dow is down 38 points, the Nasdaq is down 10 points and the S&P 500 is down 6 points. [Read more...]

Stock Futures Can’t Shake Negativity, Stocks to Watch

Stock FuturesStocks are hovering just inside negative territory this morning as investors have seemed content to press pause on the rally. Analysts have been warning for days about the overbought conditions and it looks like the advice has been taken. Dow futures are currently down 27 points to 12,974. Nasdaq 100 futures are off fractionally to 2,731. The S&P 500 futures are rounding out the pre-market losses, down 1.75 points to 1,387.25.

The major economic data point today will be new home sales data set for release at 10am EST. Expectations are for a rise to 330k, up from 321k in January. The housing data all week has been a mixed bag at best. The only piece of good news was that permits rose while all the other points were misses.

Overseas the markets have mostly been negative. European markets are finishing the week in the red as concerns mount over a new recession EU wide. In China, the acceleration the contracting PMI has reignited fears of a hard landing.

Speaking in Hong Kong, the St. Louis Fed Chairman said that if the economy keeps improving the need for more easing will not be there. That is sure to rattle investors who have been on a constant drip of Fed stimulus since the 2008 crisis.

In commodities oil seems to like its position above $100 per barrel. Nymex crude futures are up over 30 cents to $105.66. Gold prices are trying to continue their recovery after a dismal month. Gold futures are up nearly $7 to $1,649.30 per ounce. [Read more...]

Hot Stocks in Afternoon Trading: SYNC, IMI, YPF, PWAV, GLUU, WPI

Wall Street signSynacor, Inc. (NASDAQ:SYNC) is up 15.76% today at $7.05. SYNC has traded 744 thousand shares so far today, well above its daily average of 124 thousand shares. Stifel Nicolaus initiated coverage on Synacor today and gave it a buy rating. The company has a market cap of 20.99 million.

Intermolecular, Inc. (NASDAQ:IMI) is up 13.03% this afternoon at $6.16. IMI has traded 474 thousand shares so fa today, 4 times its average volume. IMI shares are up nearly $1 a share in the past week. The company has a market cap of 132.34 million. [Read more...]

After Hours Movers: AMRN, CECO, GLUU, FNSR, BID, BSFT

Floor of the NYSEAmarin Corporation (NASDAQ:AMRN) is up 3.87% in after hours trading at $8.05. AMRN closed the day down more than 11% ahead of fourth quarter earnings. Amarin reported fourth quarter results after market close today. The company reported income of $18.3 million ($0.12 per share), compared to a net loss of $187.8 million ($1.82 per share) last year. The company has a market cap of 1.05 billion.

Career Education Corporation (NASDAQ:CECO) is up 2.78% in after hours trading at $8.86. CECO. CECO shares have fallen more than $3 a share in the past five trading days from over $12 to less than $9. The company’s most recent quarterly results saw revenue fall 17% to $440 million. The company posted an operating loss of $169 million. The company has a market cap of 653.86 million. [Read more...]

Afternoon Movers: TBAC, MOVE, LGF, AMRS, XIDE, GLUU

Stocks are set to close lower today as the Greece deal fell apart today. Protests have broken out across the country as Greeks are against any further austerity measures. The Dow is down 123 points, the Nasdaq is down 27 points and the S&P 500 is down 12 points.

Tandy Brands Accessories, Inc. (NASDAQ:TBAC) is up 86.29% today at $1.93. TBAC has traded 646 thousand shares so far today, well above its average volume of 22 thousand shares. TBAC shares are up today after reporting positive second quarter results. EPS came in at $0.39 versus $0.10 a year ago. The company has a market cap of 14.28 million.

Move, Inc. (NASDAQ:MOVE) is up 13.06% in afternoon trading at $8.57. MOVE has traded 1.7 million shares so far today, nearly 10 times its daily average. MOVE shares are up after the company beat analyst estimates on EPS for their fourth quarter. The company has a market cap of 330.71 million.

Lions Gate Entertainment Corporation (NYSE:LGF) is up 6.27% today at $11.19. LGF has traded 2.6 million shares so far today, well above its daily average of 796 thousand shares. LGF shares rise as investors look forward to the benefit of the acquisition of Summit Entertainment. The company has a market cap of 1.49 billion.

Amyris, Inc. (NASDAQ:AMRS) is down 28.78% in late trading at $6.93. AMRS has traded 1 million shares so far today, 5 times its daily average. AMRS shares are dipping today after analysts downgrade the stock. The company has a market cap of 316.14 million.

Exide Technologies (NASDAQ:XIDE) is down 24.81% today at $3.01. XIDE has traded nearly 7 million shares so far today, above its average volume of 1.1 million shares. XIDE shares are down today following the company’s third quarter results. Exide beat on EPS, but missed on revenue. The company has a market cap of 234.37 million.

Glu Mobile Inc. (NASDAQ:GLUU) is down 10.68% today at $4.10. GLUU has traded 2.3 million shares so far today, close to double its daily average. GLUU shares are pulling back a today after the stock rose about $0.80 in the past few days. The company has a market cap of 257.98 million.

After Hours Winners and Losers: BWLD, OPEN, GLUU, SGI

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) is trading up 15.16% in after hours at $80.95. BWLD shares are up in after hours trading following the company’s fourth quarter results. Buffalo WIld Wings posted EPS of $0.73 per share, beating Wall Street estimates of $0.67 per share. Revenue was up 34.5% in the fourth quarter at $220.5 million. The company has a market cap of 1.29 billion.

OpenTable, Inc. (NASDAQ:OPEN) is up 3.98% in after hours trading at $53.50. OPEN shares are rising late this afternoon on strong fourth quarter results. OpenTable saw revenue jump 21% to $37.2 million. Net income for the quarter was $0.29 a share. The company has a market cap of 1.22 billion.

Glu Mobile Inc. (NASDAQ:GLUU) is up 2.53% in after hours trading at $4.05. GLUU shares are rising after posting good fourth quarter results. Glu Mobile beat EPS estimates by $0.08 a share and also beat on revenue. Guidance is also on track with analysts’ estimates. The company has a market cap of 251.61 million.

Silicon Graphics International (NASDAQ:SGI) is down 24.15% in after hours trading at $10.90. SGI shares tank on poor quarterly results. Silicon Graphics missed EPS estimates by $0.22 and their guidance was also below estimates. The company has a market cap of 453.83 million.

Market Loses Ground In Late Day Trading, Biggest Losers: VISN, INHX, GLUU, IDIX, NOK

The stock market is losing some of its early gains in late day trading as S&P warns top six euro zone nations. The ratings agency is set to announce later today that it is putting Germany, France, the Netherlands, Austria, Finland and Luxembourg on credit watch negative. This means there is a 50% chance of a downgrade within 90 days. Following this news, the major indices saw some of their early gains fall, but they are still positive for the day. The Dow is up 74 points, the Nasdaq is up 27 points and the S&P is up 12 points.

Let’s take a look at the biggest stock losers in late trading today.

VisionChina Media Inc. (NASDAQ:VISN) is down 10.42% at $1.29 with about an hour left in the trading day. VISN has traded 445 thousand shares so far today, more than double its daily average. VISN is dipping today after the stock spiked more than $0.50 yesterday. VisionChina Media has a market cap of 131.92 million.

Inhibitex, Inc. (NASDAQ:INHX) is down 9.09% at $14.10 in late trading today. INHX has traded 1.9 million shares so far today and averages 2.1 million shares a day in volume. INHX has started to pull back some over the past few days after it the first half of last week. Inhibitex has a market cap of 1.11 billion.

Glu Mobile, Inc. (NASDAQ:GLUU) is down 6.40% at $3.51 today. GLUU has traded 2.2 million shares so far today, well above its daily average of 1.5 million shares. GLUU is falling today after it rose the previous four trading sessions from $2.80 to nearly $3.80. Glu Mobile has a current market cap of 223.58 million.

Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) is down 7.54% at $7.60. IDIX has traded 585 thousand shares so far today and trades 788 thousand shares on average daily. IDIX stock is coming back down today after it surged on Friday. On Friday, IDIX moved from $7.60 to $8.40. Fast forward to today and it has given up all of that gain. Idenix has a market cap of 732.69 million.

Nokia Corporation (NYSE:NOK) is down 4.89% at $5.35 in late day trading. NOK has traded 19.9 million shares so far today and trades 28.2 million shares a day on average. NOK has been losing ground steadily the past three trading sessions. Nokia Corporation has a current market cap of 19.89 billion.

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