NASDAQ:KUTV

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...]

Stocks Trend Higher and Midday Movers: AAPL, KUTV, YOKU, OREX, VVUS, SWN

Wall StreetStocks continue to trend higher in midday trading thanks to better than expected consumer confidence data. The Consumer Confidence Index hit a reading of 70.8 this month, up from last month’s 61.5. Durable goods orders held the market back from bigger gains though as they fell 4% in January. This was due to a decline in business spending on heavy equipment. The Dow is up 22.59 points in midday trading, the Nasdaq is up 18.47 points and the S&P 500 is up 3.72 points.

Apple Inc. (NASDAQ:AAPL) is up 1.24% in midday trading at $532.26. AAPL has traded nearly 11 million shares already today and trades 13.8 million shares a day on average. AAPL shares set a new record price today after the company confirmed it will unveil the next iPad at a March 7 event. The company has a market cap of 495.99 billion. [Read more...]

Midday Movers: TEAR, BVSN, CYTX, IDCC, KUTV, URRE, NOK

TearLab Corporation (NASDAQ:TEAR) is up 31.26% in midday trading at $1.6408. TEAR has traded 357 thousand shares so far today, well above its daily average of 73 thousand shares. TEAR shares are up today after announcing the FDA has now granted Waiver categorization for the TearLab Osmolarity System. The company has a market cap of 32.87 million.

BroadVision, Inc. (NASDAQ:BVSN) continues its rise today jumping another 19.49% at $39.73. BVSN has traded 1.1 million shares so far today, way above its daily average of 132 thousand shares. BVSN shares are up more than 200% since the start of the new year. The company has a market cap of 179.16 million.

Cytori Therapeutics Inc. (NASDAQ:CYTX) is up 14.93% in midday trading at $3.23. CYTX has traded nearly 400 thousand shares already today, 30 thousand more shares than its daily average. CYTX shares are rising today after the company announces the publication of previously reported results from APOLLO trial. The publication reported safety and improvements in cardiac function. The company has a market cap of 175.93 million.

InterDigital, Inc. (NASDAQ:IDCC) is down 18.94% at midday at $36.10. IDCC has traded 8.3 million shares so far today, eight times its daily average. IDCC shares are falling the company said it ended a strategic review and determined the company would not put itself up for sale. The company has a market cap of 1.63 billion.

Ku6 Media Co., Ltd (NASDAQ:KUTV) is down 10.66% today at $1.76. KUTV has traded 414 thousand shares today, more than double its daily average volume. KUTV shares have dropped more than $1.50 a share after the stock doubled earlier this month on news of a YouTube deal. The company has a market cap of 87.84 million.

Uranium Resources, Inc. (NASDAQ:URRE) is down 7.08% today at $1.05. URRE is trading above average volume today with 1.3 million shares traded. URRE is seeing a slight pull back today after jumping more nearly $0.40 a share over the past week. The company has a market cap of 96.33 million.

Nokia Corporation (NYSE:NOK) is down 7.09% today at $5.32. NOK has traded 41.8 million shares so far today, 10 million more than its daily average. NOK shares are falling today after weak results from a key chip supplier. Tim Boddy, a Goldman Sachs analyst, is speculating the company could cut its rich dividend in order to conserve cash. The company has a market cap of 19.74 billion.

Early Stock Gainers: INSM, KUTV, SHLD, OREX, DRL, SWKS

Stocks are starting the day mixed as positive earnings have helped send the Dow Jones Industrials, but concerns over debt talks in Greece are weighing down the market. Microsoft and IBM both posted strong earnings after market close yesterday. Google shares have been getting hammered today and are down nearly 8% after their earnings missed expectations. Talks between Greece and its creditors continue as it appears they are nearing a deal which would see private bondholders take a 70% loss. Greece is running out of time and hopes to have an agreement in place by Monday in order to get another aid package before its bond repayments in March. As of 10:30 am EST the Dow is up 64 points while the Nasdaq and S&P are both down 2 points.

Insmed, Inc. (NASDAQ:INSM) is up 30.26% in early trading today at $4.97. INSM is up on heavy volume after the FDA lifted the clinical hold on its drug Arkiface. The stock has traded 2.1 million shares so far this morning, way above its daily average of 82 thousand shares. The company has a current market cap of 122.68 million.

Ku6 Media Co., Ltd (NASDAQ:KUTV) is up 10.72% today at $2.3030. KUTV is bouncing back today after dipping the previous two trading sessions. On Jan. 17, Ku6 announced a partnership with Youtube which sent shares up from around $1.50 to over $4 in one day. The stock then dipped the next two days before bouncing back this morning. KUTV has traded 757 thousand shares already today, more than five times its daily average. The company has a market cap of 114.95 million.

Sears Holdings Corporation (NASDAQ:SHLD) is up 9.115 this morning at $47.22. SHLD is up on above average volume today with 1.6 million shares traded. The stock typically trades 1.5 million shares a day. SHLD shares are up today on speculation that majority investor Eddie Lampert will take the company private. The company has a market cap of 5.09 billion.

Orexigen Therapeutics, Inc. (NASDAQ:OREX) is up 10% in early trading at $2.31. OREX has traded 882 thousand shares today, already double its daily average. OREX shares are up more than $0.60 a share since the start of the new year. No recent news for the company, but they do have an obesity drug in the pipeline. The company has a market cap of 109.87 million.

Doral Financial Corporation (NYSE:DRL) is up 8.46% today at $1.41. DRL has traded 700 thousand shares today and trades 925 thousand shares a day on average. DRL announced its most recent quarterly results yesterday and saw net interest income increase more than $1 million from the previous year’s quarter. The company has a market cap of 182.03 million.

Skyworks Solutions, Inc. (NASDAQ:SWKS) is up 8.42% this morning at $20.85. SWKS shares are up today after reported earnings beat estimates. The company reported revenue of $394 million, beating analysts estimates of $390 million. Skyworks saw sales jump 17% compared to the same quarter a year ago. SWKS has traded 5.7 million shares so far today, up from its average of 5.2 million shares. The company has a market cap of 3.92 billion.

Stocks Heading Up In Early Trading: KUTV, CNVO, STP, YGE, DNN, USU

The stock market is well into positive territory this morning as news out of China pushed stocks to open higher this morning. China’s economy grew a little bit more than expected at 8.9%. Many analysts were expecting closer to 8.7%. However, China’s economy grew at the slowest pace in more than two years. Banking stocks are mixed this morning with Wells Fargo & Co (NYSE:WFC) up about 2% after its quarterly results beat expectations. Citigroup Inc. (NYSE:C) on the other hand is down 5.43% after reporting an 11% profit drop in the most recent quarter.

It appears investors have largely ignored the recent slew of downgrades in Europe as the China GDP news took center stage today. As of 10:22 am EST the Dow is up 114 points, the Nasdaq is up 24 points and the S&P is up 10 points.

Let’s take a look at a few more stocks that are following the overall market higher.

Ku6 Media Co., Ltd (NASDAQ:KUTV) is up 182% this morning at $4.00. KUTV is up on extremely heavy volume today with over a million shares traded, above its daily average of 28 thousand shares. KUTV shares are up today after entering into a definitive agreement with YouTube allowing Ku6’s international users to view videos from China through a new channel operated by YouTube. The company has a market cap of 179.20 million.

Convio, Inc. (NASDAQ:CNVO) is up 47.95% today at $15.89. CNVO has traded 5 million shares today, way above its daily average of around 40 thousand shares. CNVO shares jumped this morning after Blackbaud agreed to acquire the company for $275 million. The company has a market cap of 291.99 million.

Suntech Power Holdings Co., Ltd. (NYSE:STP) is up 11.39% in early trading at $3.30. STP has traded 1.6 million shares so far today and trades 3.4 million shares a day on average. STP and the solar sector has been on a tear the past week after news that solar panel prices were stabilizing and an increase in demand. The company has a market cap of 594.02 million.

Yingli Green Energy Holding (NYSE:YGE) is up 12.13% this morning at $5.27. YGE is trading above average volume today with 3 million shares traded. The stock trades 3.2 million shares a day on average. YGE has seen a rally over the past week or so for the same reason as Suntech Power Holdings. The company has a market cap of 821.03 million.

Dension Mines Corp. (AMEX:DNN) is up 9.68% in early trading at $1.73. DNN has traded 1.4 million shares so far today, 400 thousand more shares than its daily average. Yesterday, the company outlined its 2012 operating plans and released final production and sales volume.

USEC Inc. (NYSE:USU) is up 15.04% this morning at $1.53. USU has traded 1.9 million shares in early trading and trades 2 million shares a day on average. On Friday, USEC announced it continues to work on the American Centrifuge project. The company has a market cap of 196.28 million.

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