Insiders Trading Report for April 12

Traders at the NYSEAfter 5 day losing streak, Alcoa’s earnings beat helped snap Wall Street out of its doldrums yesterday. The market gapped higher and traded in a range from there. Investors are becoming more optimistic that earnings season will be a boon for the bulls. Those investors hoping for further Fed stimulus may be out of luck for the time being if there continues to be improving macro data along with earnings.

The Dow closed up 86 points yesterday. The Nasdaq and S&P added 25 and 10 points respectively. Today’s big earnings report will be after the bell when Google reports. Definitely one to watch to see how the giant tech stock is faring. [Read more...]

After Hours Trading Report for April 5

Wall StreetNo Easter eggs today. The market was a mixed bag as investors seemed to be looking forward to three days off. The Jobs report showed continued growth, though it is being tempered by the upward revisions the week prior to account for the drops. All indications point toward a solid NFP number tomorrow.

Europe is where the problems lay. Most analysts see a lot of turmoil coming down the pipeline again with Spain and ITaly taking center-stage. Spain’s bond yields continued to climb today after their poorly received bond auction yesterday. What type of spillover effect Europe could have in a worst case scenario is unknown at this point as the EU, ECB and IMF will have to huddle up again to figure out another band aid.

The Dow finished the day down 15. The Nasdaq added 12, while the S&P was essentially flat, down a point. [Read more...]

After Hours Gainers: CRUS, THOR, HFC, NVAX, CLWR, ZNGA

The market finished the day flat as investors waited for earnings season to begin in earnest after the close. Alcoa announced after the bell and the company swung to a loss after posting a profit a year earlier. The loss was attributed to slumping prices and rising costs. The company also announced it would idle around 12% of its smelting capacity in the first quarter to increase competitiveness.

In tech stocks Netflix continued its bounce off its lows as the stock gained another 13% in trading. The stock was flying high after Whitney Tilson said the stock was a potential buyout target. Netflix also launched a streaming service in the UK and Ireland.

Overall economic strength was buoyed by the news that consumer credit had advanced the most in a decade. It is a sign that consumers are willing to make big purchases such as autos. Whether or not this is sustainable is yet to be seen and any sharp downturn in Europe could freeze the credit markets here in the states again.

Here are a few stocks to watch in after-hours trading:

Cirrus Logic, Inc. (NASDAQ:CRUS) is up 8.13% in after hours trading at $18.35. CRUS traded 1.6 million shares today, slightly below its daily average of 1.8 million shares. Cirrus announced after market close preliminary third quarter revenue grew 28% this past year to $122 million. The market cap of 1.08 billion.

Thoratec Corp. (NASDAQ:THOR) is up 3.90% in after hours at $30.13. THOR closed the day down 3.75% at $29.00 with 1.5 million shares traded. THOR shares have lost more than $4 a share since last Tuesday. Thoratec was downgraded earlier today to market perform from outperform by Wells Fargo. The company has a market cap of 1.74 billion.

HollyFrontier Corporation (NYSE:HFC) is up slightly in after hours trading at $25.90. HFC closed the day down 3.50% at $25.88 with 3.6 million shares traded. HFC stock trades on average around 4 million shares a day. The company has a market cap of 5.38 billion.

Novavax, Inc. (NASDAQ:NVAX) is up about 1% in after hours trading at $1.44. NVAX closed the day up more than 4% at $1.43. NVAX traded close to three times daily average volume with 1.3 million shares traded. NVAX shares have been trending slightly higher over the past week gaining about $0.15 a share. The company has a market cap of 164.41 million.

Clearwire Corporation (NASDAQ:CLWR) is up 1.35% in after hours trading at $1.88. CLWR finished the day down 1.60% at $1.85 on light volume. CLWR traded 2.2 million shares today, well below its daily average of 13.6 million shares. The company has a market cap of 461.95 million.

Zynga, Inc. (NASDAQ:ZNGA) is up about 1% in after hours trading today after it took another hit today. ZNGA closed today down more than 9% at $8.00 with 9.7 million shares traded. ZNGA has been steadily falling since its IPO at $10 last month. The company has a market cap of 5.59 billion.

Value Stocks Under $10 Posting Strong Gains: FRO, OWW, SVNT, NVAX, LEAP, PCS

Stocks are wavering in early trading today after the S&P warned top euro zone countries and the European Financial Stability Facility (EFSF) of potential credit downgrades. This credit warning comes as French and German leaders have agreed to a plan that would require changes to the European Union Treaty. These changes could come as early as this week as European leaders meet at a summit. The U.S. will also have a presence at this summit as Timothy Geithner will meet with leaders of Germany, France, Italy, Spain and the EU institutions.

The major stock indices are trading mixed this morning with the Dow up 35 points, the Nasdaq is down 6 points and the S&P down 1 point.

Here’s a handful of stocks under $10 that are going up this morning.

Frontline Ltd. (NYSE:FRO) is up 28.81% this morning at $4.57. FRO has traded 3.4 million shares so far today, already above its daily average of 2.6 million shares. Frontline announced today that company restructuring has been approved the the company’s Board. In the next few days, Frontline will put forward the plan to their creditors and counterparties for approval. The company has a current market cap of 355.69 million.

Orbitz Worldwide, Inc. (NYSE:OWW) is up 12.25% at $3.94 this morning. OWW has traded 280 thousand shares so far today and trades 253 thousand shares a day on average. Orbitz Worldwide is up today after being upgraded by The Benchmark Company. The company has a current market cap of 411.86 million.

Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) is up 5.26% this morning at $2.40. SVNT has traded 438 thousand shares so far today and trades 1.7 million shares a day on average. SVNT is bouncing back a little bit today after the stock fell last week from $2.50 to $2.25. Savient Pharmaceuticals has a market cap of 167.77 million.

Novavax, Inc. (NASDAQ:NVAX) is up 5.48% at $1.54 this morning. NVAX has traded 347 thousand shares so far today with a daily average volume of 520 thousand shares. NVAX
has trended higher the past week moving from around $1.30 to over $1.50. The company has a market cap of 181.65 million.

Leap Wireless International Inc. (NASDAQ:LEAP) is up 5.88% at $9.91 this morning and was as high as $10.35 shortly after market open. LEAP has traded 1.5 million shares so far today, just 500 thousand shares short of its daily average volume. Over the past few trading sessions, LEAP has gaped up in the mornings and then sells off throughout the day. Leap Wireless has a market cap of 770.59 million.

MetroPCS Communications, Inc. (NYSE:PCS) is up 7.19% at $8.98 in early trading today. PCS has traded 2 million shares so far today and trades 5.4 million shares a day on average. MetroPCS was upgraded from ‘market perform’ to ‘outperform’ today by William Blair & Co. The company has a market cap of 3.23 billion.

Real Time Web Analytics