6 NASDAQ Stocks Falling as Market Soars: ZOOM, ARNA, HAUP, JRJC, CCMP, ILMN

NASDAQ Screen at Times SquareZOOM Technologies, Inc. (NASDAQ:ZOOM) is down 15.71% today at $1.18. ZOOM has traded 410 thousand shares this morning, double its daily average. ZOOM shares fall today as the company posted a net loss of $2 million in the first quarter versus net income of $5.1 million in the same quarter a year ago. The company has a market cap of 26.31 million.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is down 7.08% this morning at $2.5414. ARNA is seeing big volume in early trading with 5.4 million shares traded. ARNA trades just over 8 million shares a day on average. ARNA shares have dropped about $0.50 a share in the past week. The company has a market cap of 463.68 million. [Read more...]

Stock Futures Trim Gains on Data. Stocks to Watch

Stock FuturesUS futures are up for the second day in a row as guarded optimism returned to the street. Economic data will come hard and fast this morning as investors wait for the release of Google’s earnings report after the close. Dow futures are currently up 46 points to 12,790. Nasdaq and S&P futures are up 16 and 7 points respectively.

Jobless claims jumped from last week to 380k. This continues to show a labor market that while growing is facing severe headwinds. Other data showed a hotter core PPI. Energy prices are to blame for the increase in core PPI.

The start of earnings season has definitely been a stick save for a teetering market. Alcoa’s beat turned the tide of what was looking like a market that could head for a correction rather quickly. All eyes will be on Google after the close today to see how the tech bellwether is faring.

Europe continues to be Europe. The markets there are choppy this morning with banks under pressure. An Italian auction saw 3-year borrowing costs jump slightly. Spanish and Italian 10-year yields are holding steady however.

In Asia, Chinese markets were leading the charge to the upside. A report came out that Chinese bank lending had increased to $160 billion in March. [Read more...]

Stock Futures Retreat on China and Europe Worries, Stocks to Watch

Stock FuturesDeja vu on the market again this morning. The concern? Europe. Just when you thought it was safe to go back outside another sovereign debt issue creeps up. This time around it is Spain. Plus mix in some Chinese growth concerns and you have the right mix for a volatile day on the street. Dow futures are negative this morning down 30 points to 13,023. Nasdaq 100 futures are down just over 6 points to 2,761. The S&P 500 futures are rounding out the pre-market volatility, down slightly to 1,396.50.

The big economic data point out this morning is jobless claims. A print of 359k is being spun as a decline by the BLS because of an upward revision of last week’s numbers. What an awesome tool to have. This week’s numbers are great because I could not add correctly last week, so those were actually worse. Beginning to wonder if they have ever had to revise the number downward.

Spanish and European officials are denying the reports that EU officials have been urging their Spanish counterparts to start the process of seeking a bailout from the IMF and ECB. Of course if this story sounds familiar, it is because you just watched the trilogy in Greece. Spain’s austerity drive has already prompted a country-wide strike and will likely lead to further political turmoil in the country.

Sliding growth in China also has investors concerned. The constant misses on their manufacturing numbers have increased the fear of a hard landing in the country. Plus investors think the slowdown is tied to Europe so that has them girding for more EU misery.

Commodities continue to e extremely volatile this morning. Gold prices essentially flat after whipsawing between positive and negative territory. [Read more...]

Futures Mixed As Apple Lifts Nasdaq. Stocks to Watch: PACB, ILMN, AAPL, RDN, FIO, BA, C

US futures are diverging this morning after Apple reported stellar earnings in after-hours trading yesterday. Dow futures are down 40 points to 12,586. Nasdaq futures are riding the Apple effect, up over 15 points to 2,453. S&P 500 futures are following the Dow’s trend, down over 3 points to 1,308.

Apple’s earnings yesterday are driving the Nasdaq futures. A broker at Valbury Capital remarked, “The figures from Apple show that despite the global recession looming, people still want to have an overpriced, lacking-in-features iPhone 4S that they couldn’t even be bothered to change the shape on.” Maybe he can ask Siri why he’s so down this morning?

On the economic data calendar today is the a decision by the FOMC on where to keep interest rates. Analysts are starting to worry that even though the economic outlook is negative, the recent spate of good news will keep the Fed from announcing another round of QE 3. Check out one of the best swing traders on the street.

The Fed will release their outlook for rates over the coming years. They will also try to give timing for the first rate hike and their overall plan for their growing balance sheet. This move is intended to soothe both the hawks and doves that watch the Federal reserve.

The recent down-tick in unemployment has increased the talk of the Fed eventually getting away from historically low interest rates.

In European news the news has started to shift from the always-near-the-cliff Greece to Portugal. Austerity measures in Portugal have started to push economic activity off the books. A full quarter of the economy now occurs off the books in what is being deemed a shadow economy. If both Greece and Portugal were to default, the pressures on the EU could reach a breaking point with stronger countries refusing to backstop weaker ones.

Who knew you couldn’t place the economic burden on citizens that already bore the brunt? US officials should take note of the abject failure of austerity in EU before they use it as a model here in the states.

Stocks to watch today include Pacific Biosciences of California (NASDAQ:PACB), Illumina, Inc. (NASDAQ:ILMN), Apple Inc. (NASDAQ:AAPL), Radian Group Inc. (NYSE:RDN), Fusion-io, Inc. (NYSE:FIO), Boeing Company (NYSE:BA) and Citigroup, Inc. (NYSE:C)

Pacific Biosciences of California (NASDAQ:PACB) is up 20.76% in pre market trading at $4.77. PACB shares are jumping this morning following the deal between Roche and Illumina. PACB has traded over 30 thousand shares so far in pre market and trades close to 300 thousand shares a day on average. The company has a market cap of 216.51 million. Check out one of the best swing traders on the street.

Illumina, Inc. (NASDAQ:ILMN) is up 37.64% in pre market at $52.10. ILMN shares are up big after Swiss drug maker Roche Holdings made a $5.7 billion bid on the company this morning. Roche said it would pay $44.50 a share in cash through a tender offer. ILMN has traded over 4 million shares this morning, more than double its daily average. The company has a market cap of 4.58 billion.

Apple Inc. (NASDAQ:AAPL) is up 8.24% in pre market trading at $455.05. AAPL shares are rallying following a stellar fiscal first quarter from the company. Apple saw profit more than double in its fiscal first quarter with revenue rising 73% to $46.3 billion. EPS came in at $13.87, crushing analysts’ estimates of $10.08 per share. Apple sold more than 37 million iPhones in the quarter, up 128% from the year before. The company has a market cap of 390.73 billion.

Radian Group Inc. (NYSE:RDN) is up 4.75% this morning at $3.09. RDN shares are jumping this morning following news the company will return $12.9 billion reinsurance portfolio to Assured Guaranty Ltd. This move is expected to increase Radian’s statutory capital. The company has a market cap of 392.94 million.

Fusion-io, Inc. (NYSE:FIO) is down 12% in pre market trading at $26.70. FIO shares are taking a hit today after a disappointing fiscal second quarter. FIO’s second quarter loss narrowed but higher cots affected margins. The company has a market cap of 2.53 billion.

Boeing Company (NYSE:BA) is down 1.55% in pre market at $74.19. BA shares are dipping some following Boeing’s fourth quarter earnings. Boeing beat estimates, but its 2012 guidance was reduced because of higher than expected pension expenses. The company has a market cap of 56.01 billion.

Citigroup, Inc. (NYSE:C) is down about 1% in pre market trading at $29.63. C shares are slipping as the company ponders more cuts to banking and securities unit. C typically trades 55.7 million shares a day on average. The company has a market cap of 87.42 billion.

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