Futures Higher As Traders Await Fed Statement. Stocks to Watch: MDS, JVA, CDTI, RENN, URBN, GNC, AMZN

Stock FuturesStock futures are looking for any excuse to go higher. After a bounce in Asia overnight, US markets are set for a sizable bounce this morning. Dow futures are up 61 points to 12,968. Nasdaq 100 futures are up 13.50 points to 2,661. The S&P 500 futures are rounding out the gains, up 7 points to 1,373.

Retail sales are out this morning in-line with expectations. Most of the 1.1% rise is attributable to the record high gas prices this early in a season.

The big news domestically today will be the Fed statement this afternoon. Most expect few fireworks, as the trajectory of the data prevents the Fed from doing anything major to keep the recovery propped up. [Read more...]

Investors Look Ahead to Fed Meeting and 6 Hot Stocks to Watch: CDTI, PWAV, YOKU, YELP, EXC, JVA

Wall Street signThe Fed is expected to come back into sharp focus as investors await news from their upcoming meeting. While most observers thing that the Fed will hold off on any new rounds of stimulus, they think it is becoming an eventuality.

While the data has been on a positive trajectory, the numbers under the numbers paint a less than rosy picture. The labor market is being bolstered by temp jobs. Is that sustainable in the long-term? Will it lead to a crimp in consumer spending. Will final demand be depressed due to rising fuel prices? All of these questions face the fed as they decide what to do to keep the economy in recovery mode.

Outside of the Fed statement, investors are looking forward to February retail sales numbers. Expected at 8:30am EST, they are expected to show a 1.1 percent gain. Most of that will be attributable to the jump in gasoline prices and auto sales. The rise in gas prices could also crimp fed action due to inflationary concerns. [Read more...]

Nasdaq Stocks Rallying as Market Trades Flat: KUTV, ZOLL, JVA, VELT, FCEL, COOL

Nasdaq StocksStocks aren’t seeing a lot of movement today after economic data from China. China’s trade balance fell $31.5 billion into the red in February, the largest deficit in at least 10 years and caused doubts about about what caused the drop, weak foreign demand or a seasonal drop. Investors will also be keeping an eye on Tuesday’s statement from the Federal Open Market Committee to gauge the direction on monetary policy. The Dow is up 15 points this morning, the Nasdaq is down about 1 point and the S&P 500 is down a half point.

Oil prices fell today which should help consumers at the pump if the prices continue to drop even further. Gold is also down and is trading below $1,700. [Read more...]

Rising Gas Prices and 6 Hot Stocks to Watch for March 12: JVA, QSFT, SWHC, MCP, VRS, QRM

Wall StreetRising gas prices over the past few weeks would lead you to believe that the recovery could be in danger. What people are missing is the mitigating factor in consumer spending. The winter that never happened. Last year it was Snowpacalypse or Armageddon. Some sort of cataclysmic winter weather even. So utility bills have been kept in check which offsets the rise. The question now is what happens now.

Spring is pretty much upon us along with the summer driving season. If gas prices continue to climb you have to expect some sort of consumer pullback. We saw it in 2008, and it stands to reason it will happen this year. Tensions with Iran and continued growth in the developing world will put constraints on supply leading speculators to juice the price of oil. We should soon find out in the coming weeks when new consumer data releases if the price at the pump is effecting spending. [Read more...]

Hot Stocks This Morning: JVA, QSFT, SWHC, REE, VRS, S

Wall StreetStocks are up this morning thanks to a better than expected government jobs report. The Labor Department announced today that 227,000 jobs were added last month with the unemployment rate holding steady at 8.3%. Economists were expecting a gain of around 210,000 jobs. News out of Greece was positive as well today with participation from bondholders for the credit swap at 85.8% of the country’s debt burden.

All of this positive news has sent the Dow up 60 points, the Nasdaq up 21 points and the S&P 500 up 8 points. [Read more...]

Pre Market Losers: TSO, JVA, GNOM, TGT, URBN

Tesoro Corporation (NYSE:TSO) is down 7.62% in pre market trading at $22.18. TSO has traded 24 thousand shares this morning and averages 4.06 million shares daily. Over the past five days TSO stock has gained about $1 a share. TSO is down this morning after the company projected a surprising fourth quarter loss due the increased margins. The company has a market cap of 3.35 billion.

Coffee Holding Co., Inc. (NASDAQ:JVA) is down 5.02% in pre market trading at $7.75. JVA trades 308 thousand shares a day on average. The company has a market cap of 44.85 million.

Complete Genomics, Inc. (NASDAQ:GNOM) is down 4.27% in pre market trading at $3.36. GNOM closed yesterday about $0.40 higher at $3.51 and trades 345 thousand shares a day on average. The company has a market cap of 116.47 million.

Target Corporation (NYSE:TGT) is down 3.90% in pre market trading at $48.05. TGT has traded 294 thousand shares already this morning and averages 5.36 million shares daily. Target is down this morning after lowering its earnings outlook for the fourth quarter. The company has a market cap of 33.58 billion.

Urban Outfitters, Inc. (NASDAQ:URBN) is down 2.01% in pre market trading at $27.84. URBN has only traded one thousand shares and trades 2.86 million shares a day on average. Urban Outfitters announced record holiday sales this morning. Net sales increased 11% over the same period last year. The company has a market cap of 4.10 billion.

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