Stocks Rally on Spain Optimism and Earnings Reports, Stocks to Watch: INVE, PRXI, APPY, AUO, FOSL, DPZ

The major stock averages are posting big gains in morning trading as earnings season is in full swing. Two of biggest tech companies, IBM and Intel, are expected to announce their earnings after the closing bell today. There was also a couple of economic data reports today. Homebuilder sentiment touched a six-year high, but the upward momentum has slowed according to the National Association of Home Builders. Consumer prices rose 0.6% in September, meeting analysts’ predictions. Industrial output also went up in September to 0.4%, with analysts expecting an increase to 0.2%.

Reports from Europe continue to hint that Spain is preparing to request a bailout package. We’ve been hearing about Spain requesting a bailout for months now so I wouldn’t hold your breath for that piece of news.

The Dow is currently up 107 points, the Nasdaq is up 17 points and the S&P 500 is up 10 points. [Read more...]

These NASDAQ Stocks are Falling: PRSS, OTT, KITD, VOXX, BSDM, INVE

CafePress Inc. (NASDAQ:PRSS) is down 12% today at $6.60. PRSS has traded 126 thousand shares so far today, above its daily average of 91 thousand shares. CafePress announced yesterday it will acquire EZ Prints. The company also sees its third quarter revenue at the midpoint of previous guidance of $42.5-45.0 million. The company has a market cap of 115.78 million.

Otelco Inc. (NASDAQ:OTT) is down 6.45% today at $2.61. OTT has traded 387 thousand shares this morning, well above its average daily volume of 263 thousand shares. OTT shares are pulling back some after the stock jumped from $2 to $3 earlier this week. [Read more...]

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