Hot Stocks to Watch: NFEC, RCON, COG, SGOC, SWI, AMRN

Wall Street signStocks are holding their gains this morning despite mixed economic reports. Pending home sales saw a 4.1% jump in March to a level it hasn’t seen in two years. Worries over the jobs report has kept gains in check though this morning. New unemployment claims fell 1,000 last week to a seasonally adjusted 388,000 according to the Labor Department. Analysts were expecting 375,000. What has investors worried though, is the four week moving average jumped to 381,750. The highest it has been since January.

The Dow is currently up 45 points, the Nasdaq is up 9 points and the S&P 500 is up 2 points. [Read more...]

Hot Stocks to Watch: NFEC, CREG, VALV, HIMX, LLEN, WOLF

Wall Street signStocks are reversing earlier losses as jobless claims came in line with expectations. The levels have dropped to a four year low and it looks like the labor market continues to strengthen. The question now becomes one of sustainability. Are the pieces in place for job growth to continue on into summer? The remains to be seen and the underlying numbers in the reports coupled with the constant upward revisions each week so there can be a ‘drop’ muddy the picture.

The other outlier is Europe. That multi-year soap opera refuses to end. Luckily we don’t have to talk about Greece ad nauseum this time. Spain is now the chief concern with bond yields above the pre-LTRO levels. Europe’s seeming inability to come up with a concrete solution could play havoc on the markets in the coming months. Domestically, it seems investors want to shrug off EU concerns but eventually it will have to be dealt with.

Currently the major indices are turning higher with the the Dow gaining 11, the Nasdaq 12 and the S&P 3. [Read more...]

Real Time Web Analytics