Nasdaq Stocks Trending Lower Today: SAPX, JRCC, ARMH, MNKD, ZLCS, MPWR

Traders at the NYSESeven Arts Entertainment, Inc. (NASDAQ:SAPX) is down 20.47% in afternoon trading at $1.0483. SAPX has traded 692 thousand shares so far today and trades 5.3 million shares a day on average. Seven Arts Pictures finalized their 1 for 70 reverse stock split before market open today. The company has a market cap of 68.77 million.

James River Coal Co. (NASDAQ:JRCC) has fallen nearly 10% so far today at $2.57. JRCC is seeing lighter than normal volume today with 927 thousand shares traded so far. The stock usually trades just over 2.1 million shares a day. JRCC shares are pulling back following a run up following a court ruling rejecting EPA regulations. The company has a market cap of 89.65 million. [Read more...]

Hot Stocks to Watch: EGLE, ONXX, SUNH, CHTP, RAD, MNKD

Wall Street signStocks are trading lower on Thursday as a series of economic reports came in below expectations. The Philadelphia Fed index, a strong barometer of demand, posted a weak reading of -16.6. Weekly jobless claims fell slightly but the four week moving average hit a 2012 high. Jobless claims fell to a seasonally adjusted 387,000 after last week’s figure was adjusted higher to 389,000. Economists were expecting jobless claims to fall to 380,000. Sign Up For Free Stock Alerts

The three major indexes are down this morning with the Dow down 36 points, the Nasdaq is down 18 points and the S&P 500 is down 6 points. [Read more...]

Stock Futures Point Lower on ADP Data. Stocks to Watch: PLX, MNKD, RENN, NOK, CHRS, GNW

Stock FuturesInvestors are digesting the release of the ADP report for private sector job numbers. Stock futures gave up their early gains after the Markit purchasing index fell more than expected. This was due to fears that the EU recession would deepen in the second quarter. Dow futures are currently down 31 points. Nasdaq and S&P futures are also modestly negative, down 7 and nearly 4 points.

The ADP report showed that the private sector added 119k jobs last month. This is down from 200k level the month previous. If you extrapolate it out and compare the NFP with ADP we may be heading for a disappointment come Friday.

Europe continues to provide the headwinds for the global economy. The EU statistics agency, Eurostat, released unemployment numbers for the EU as whole. It showed unemployment jumping to 10.9%, the highest since the inception of the Euro. AS of now, most major EU markets are trading flat to slightly negative.

Domestically the main-event is still to come economic data wise. All eyes will be on Friday’s NFP report. Consensus expectations is for a print of 163k jobs created, up from 120k. Don’t be surprised if you start seeing major investment firms slash their estimates either today or tomorrow to account for weakness in the weekly jobless claims numbers.

Commodities are following the broader market lower this morning. Oil futures are off slightly, with Nymex crude futures down 35 cents to $105.81. Gold prices are also down slightly, off $9.50 per ounce to $1,652.90.

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Stock Futures Edge Lower on Data. Stocks to Watch: AMPE, XOMA, CLNT, MNKD, LDK, SIRI, CHK

Stock FuturesWith earnings season still going full force, investors get a chance to eye more domestic macro data ahead of Friday’s all important unemployment gauge. One positive sign on the company level front is Microsoft investment of $300 million into Barnes and Noble’s digital reader program. That has sent shares on Barnes and Noble soaring in pre-market. Dow futures are currently down 21 points. The Nasdaq and S&P are both trading modestly lower, down 10.25 and 3 points respectively.

Consumer spending rose in line with expectations with growth coming in at .3%. Personal income rose by .4% fueled in part by an increase in government payments. Other economic data set for release today includes the Chicago purchasing managers index. THis will be released at 9:45am EST

Europe continues to be an ongoing concern as data out of Spain showed them slipping back into recession. With a near 25% unemployment rate, this news is probably not shocking to anyone. The S&P also went on a downgrade spree on European banks. THis has the major markets of the EU edging lower in late trading.

This week will also be a busy one for earnings. 126 S&P 500 companies will report throughout the week. So far, 76% of companies have met or exceeded expectations. That includes giants like Apple and Amazon.

In commodities, both oil and gold seem to be tracking the broader market slightly lower. Nymex crude future are down slightly but still maintaining their position well above the $100 per barrel mark. Gold price futures are currently down $5.10 to $1,659.70 per ounce. [Read more...]

Market Turns Negative In Early Trading: VRNG, FFN, VRTX, RSH, MNKD, GNTX

Stocks are turning negative today after starting the day in the green. Disappointing economic news is the main contributor to the downward turn. Home prices fell for the third straight month. The Standard & Poor’s/Case-Shiller home-price index shows prices keeps track of home prices in 20 different cities. 19 of the 20 cities saw prices drop in November with the biggest drops happening in Atlanta, Chicago and Detroit. Phoenix was the only city to see an increase in prices. Consumer confidence and business activity in the Midwest also fell last month. Taking a look at the market right now; the Dow is down 60 points, the Nasdaq is down 7 points and the S&P 500 is down 4 points. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

Vringo, Inc. (AMEX:VRNG) is up 35.38% today at $1.5704. VRNG has traded 1.8 million shares this morning, way above its daily average of 64 thousand shares. VRNG shares are jumping today after the company announced the launch of a new version of Facetones customized for latest Nokia mobile devices. The company has a market cap of 9.84 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 21.71% today at $1.2901. FFN has traded nearly 3 million shares so far today, more than 10 times its daily average. A lot of social media stocks have been trending higher the past few days due to reports of a Facebook IPO. The company has a market cap of 39.65 million.

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) is up 8.81% this morning at $37.80. VRTX has traded 5.8 million shares so far today, close to double its daily average. VRTX shares are jumping today on news that the FDA approved Vertex’s cystic fibrosis treatment Kalydeco. The company has a market cap of 7.74 billion.

Radioshack Corporation (NYSE:RSH) is down 28.74% in early trading at $7.28. RSH has traded nearly 30 million shares today, more than 10 times its daily average. RSH shares took a nose dive following a disappointing fourth quarter earnings forecast. Radioshack is forecasting earnings of around $0.12, while Wall Street was expecting $0.37 a share. The company has a market cap of 727.81 million. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

MannKind Corporation (NASDAQ:MNKD) is down 13.85% today at $2.7310. MNKD has traded 1.3 million shares so far today, about double its daily average. MNKD shares are falling today as the company announces public offering of $50 million in common stock and warrants. The company has a market cap of 336.43 million.

Gentex Corporation (NASDAQ:GNTX) is down 10.03% today at $27.10. GNTX has traded 2.2 million shares so far today, well above its daily average of 753 thousand shares. GNTX shares are lower right now as the company missed fourth quarter earnings estimates by $0.02. The company has a market cap of 3.93 billion.

5 Decliners in After-Hours Trading – QIHU, PVH, MNKD, LINE, VIT

Not even the late day rally into the close could save these stocks. After the market opened lower it clawed its way back to near positive territory on the Dow after upbeat comments in the Federal Reserve’s Beige Book. While the economy is growing, any shock from Europe could have devastating growth impacts on the global economy. Most indices are in a wait and see mode as the ECB prepares to meet again to address the sovereign debt issue. Sign Up For Our Free Weekly Newsletter

Here are 5 stocks that are declining in after-hours trading:

After ending the trading day positive Qihoo 360 Technology Co Ltd. (NYSE:QIHU) is giving back some of those gains in after-hours. Currently down over 3%, the company finished the day up over 7%. The company is preparing for their investment webcast that is schedule to take place tomorrow. QIHU trades an average of 980 thousand shares and has a market cap $1.82 Billion.

PVH Corp. (NYSE:PVH) finished the day flat but released its guidance in after-hours. While they upped their guidance outlook the stock is sliding in after hours, losing 4.41% at $70.64. PVH Corp. raised fourth quarter EPS guidance to $1.08-1.10 from $1.03-$1.05. The company sees fiscal year 2013 EPS of $5.90-6.00, in line with consensus of $5.95. The company has a market cap of 5 billion.

MannKind Corp. (NASDAQ:MNKD) closed the day up around 2%, but has since given back those gains in after hours trading. MNKD trades above average volume today with 839 thousand shares traded. MNKD has been trending slightly higher the past few days ahead of tomorrow’s annual J.P. Morgan Healthcare Conference, which the company will be presenting at. The company has a market cap of 321.75 million.

Linn Energy, LLC (NASDAQ:LINE) is falling in after hours trading as the company announces offering of 17 million units. LINE is currently down 2.65% at $36.70. The stock closed the day down slightly with 710 thousand shares traded. The company has a market cap of 6.66 billion.

VanceInfo Technolgoies Inc. (NYSE:VIT) is down 2% in after hours trading at $12.42. VIT closed the day up 2.59% at $12.67 with 488 thousand shares traded. Over the past three weeks, VIT has been in a decent uptrend and has jumped up 50% in that time period. The comapny has a market cap of 564.52 million.

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