NASDAQ:NVDA

Stocks Trading Lower Today: SCON, ARTC, RP, MDRX, ARUN, NVDA

Superconductor Technologies Inc. (NASDAQ:SCON) is down 24.09% today at $0.9489. SCON has traded 2.2 million shares today, well above its average of 91 thousand shares. Superconductor Tech announced an offering of 4.6 million million shares at $1.05 per share. The company has a market cap of 31.36 million.

ArthroCare Corporation (NASDAQ:ARTC) is down 18.95% today at $24.94. ARTC has traded 2 million shares today, 20 times its daily average volume. ArthroCare reported fourth quarter results today and missed on revenue. The company has a market cap of 685.32 million. [Read more...]

Moody’s Ban Warning Sends Futures Lower. Stocks to Watch: AEA, AMZN, CLWR, GM, NVDA, BAC, PMFG

A bearish mood is reigning over Wall Street this morning after Moody’s warned it could cut the credit ratings of over 100 banks. Add in the precarious position of Greece, and you have all the ingredients for a sell-off. Dow futures are currently down 36 points to 12,727. Nasdaq 100 futures are also declining, down 6.50 points to 2,551. S&P 500 futures are rounding out the losses, down 5.75 points to 1,336.50.

Late yesterday, Moody’s announced it was reviewing the ratings for over 100 financial institutions. Citing the EU crisis among other issues, the ratings agency said it could cut ratings of banks by multiple notches. US institutions under the gun include Morgan Stanley, Goldman Sachs and JP Morgan.

In Europe, the Greek debt crisis continued unabated. Some analysts are beginning to believe that the EU is preparing to eject Greece from the single currency union. The looming default deadline in March should make the officials speed up on what has been a multi-year crisis at this point. [Read more...]

Futures Rise As Investors Wait for Economic Reports; Stocks to Watch: AAPL, BAC, MSFT, CSCO, NVDA, NVLS, RBY

U.S. futures are up modestly after yesterday’s sell-off as investors wait for several key economic data points. At 8:30am EST weekly jobless numbers, November producer prices and the Empire State manufacturing indexing will release. At 9:15am the Industrial Production data for November will come out and at 10am the Philadelphia Fed manufacturing survey will release its numbers. Needless to say there will be plenty for traders to go over in the coming hours.

Traders on the floor are hopeful they Can tack on a percent or two purely off technical rebound but they are mindful that the market has been seized by the realities of the ongoing EU crisis. Overnight the Swiss National Bank vowed to defend the franc. While traders hoped the SNB would raise the rate, the bank has vowed to keep the 1.2 franc to euro rate intact. They also warned that the continuing sovereign debt crisis was a major threat to the Swiss economy.

Greece continued to be the underpinning of the sovereign debt crisis after the IMF said that the country was lagging in reforms. The International Monetary Fund said that Greece could not just rely on tax increases and across the board cuts, it needed to look at areas that amount to a third rail of Greek politics – laying off state workers. Granted one has to wonder how do you cut spending and not lay off state workers.

HSBC released a report overnight showing continued cooling of manufacturing in China. The pace of decline has stabilized but the growing weakness of domestic demand is becoming prevalent in the numbers.

Commodity prices were edging higher after yesterday’s rout. Gold futures were up about a half a percent while oil is tacking on .66%. Yesterday’s rout could continue if there s continued weakness out of developed economies.

Current number as of 8am EST have the Dow futures up 57 points, the Nasdaq adding 12 and the S%P rising 6.50.

European markets have rebounded after yesterday’s sell-off with the banking heavy Stoxx Europe 600 adding a percent. The Euro is up modestly breaking above the psychologically important 1.30 level. The DAX is up over a percent, while the FTSE 100 is nearly up three quarters of a percent.

Stocks to watch today include Apple Inc. (NASDAQ:AAPL), Bank of America Corporation (NYSE:BAC), Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), NVIDIA Corporation (NASDAQ:NVDA), Novellus Systems, Inc. (NASDAQ:NVLS) and Rubicon Minerals Corp. (AMEX:RBY).

Apple Inc. (NASDAQ:AAPL) is up 0.58% in pre market trading at $382.40. AAPL has traded 5 thousand shares so far in pre market trading. The stock trades on average 14.28 million shares a day. AAPL stock dropped 2.22% on Wednesday, or $8.62 a share. The company has a market cap of 353.35 billion.

Bank of America Corp. (NYSE:BAC) is up 1.53% in pre market trading at $5.31. BAC trades 268.72 million shares a day on average. BAC has been in a slight decline for about a week now, falling from around $6 a share last week. Bank of America has a market cap of 53.01 billion.

Microsoft Corporation (NASDAQ:MSFT) is closed Wednesday down slightly at $25.59. MSFT trades 50.69 million shares a day on average. Late yesterday, Microsoft declared a quarterly dividend of $0.20 per share. This dividend is payable on March 8, 2012 to shareholders that are on record by February 16, 2012. Microsoft has a market cap of 215.27 billion.

Cisco Systems, Inc. (NASDAQ:CSCO) is up 0.67% in pre market at $18.10. CSCO trades 52.30 million shares a day on average. CSCO stock has fallen more than $1 a share since last Thursday. The company has a market cap of 96.66 billion.

NVIDIA Corporation (NASDAQ:NVDA) is up 4.42% in pre market trading at $14.18. NVDA trades 17.59 million shares a day on average. Shares of NVIDIA have fallen nearly $2 a share over the pst five trading sessions. The company has a market cap of 8.29 billion.

Novellus Systems, Inc. (NASDAQ:NVLS) is up 23.05% in pre market trading at $42.65. NVLS has traded 10 thousand shares already this morning and trades 1.55 million shares a day on average. Lam Research (NASDAQ:LRCX) acquired Novellus Systems in an all-stock transaction worth $3.3 billion. Novellus shareholders will get 1.125 shares of LRCX stock for each of their shares. Novellus has a market cap of 2.31 billion.

Rubicon Minerals Corp. (AMEX:RBY) is up 7.10% in pre market trading at $3.62. RBY trades 818 thousand shares a day on average. RBY stock finished yesterday down 7.65% at $3.38. The stock has fallen close to $0.75 a share since Monday. Rubicon Minerals has a market cap of 803.48 million.

Stock Futures Lower as Euro Concerns Weigh, Stocks to Watch: AVP, NVDA, AAPL, JIVE, LIVE, ECYT, MAR

Another day, another issue with Europe. The never-ending crisis is weighing heavily on US markets after the Euro dipped below 1.30 in overnight trading. Currently the Dow Futures are off modestly at 14 points, while the Nasdaq is slightly negative, dropping 7 points. The S&P is following the same trend down 1.75.

While the Fed statement yesterday met expectations, investors were still disappointed that it did not provide a clue or signal an intent to a return of QE. This caused a broader market sell-off with all the major indices going negative. Currently European markets are negative as traders there look at this week’s bond sales in both Italy and Europe. They are especially worried about the Italian sale due to the rapid rise in yields over the past few months.

Here in the states it is a return of political brinkmanship over something that should be bi-partisan. The payroll tax cut for millions of Americans is set to expire at the end of the year and the two parties still refuse to budge. The House GOP in their normal stubborn way decided to attach a pipeline project to the extension. Just so happens this pipeline goes right over the biggest aquifer in the country. Ask the Gulf of Mexico how that turned out.

The Democrats for their part have held up the omnibus spending bill which will cause a government shutdown in the next few days unless it is passed. Toss in a presidential veto for the House version and you have all the makings of Capitol Hill holiday cheer.

Commodities are trading to the downside this morning. Most of this is due to the strengthening of the dollar against the Euro but also on economic concerns. Gold lost another 2% as it continues its downward trend while oil slipped another 1.5%.

European markets continue to take it on the chin as their crisis, while not spinning out of control, seems to be teetering once again on the edge. Major indexes in the EU are all red in afternoon trading with the banking heavy Stoxx 600 down about a percent.

Stocks to watch today include Avon Products, Inc. (NYSE:AVP), NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Jive Software Inc. (NASDAQ:JIVE), LiveDeal, Inc. (NASDAQ:LIVE), Endocyte, Inc. (NASDAQ:ECYT), Marriott International Inc. (NYSE:MAR).

Avon Products, Inc. (NYSE:AVP) is up 8.98% in pre market trading at $17.59. AVP trades 6.57 million shares a day on average. AVP stock has dropped more than $1 a share since last Thursday. Avon announced it will be separating the roles of CEO and chairman starting in 2012. Andrea Jung currently holds both positions. The company has a current market cap of 6.95 billion.

NVIDIA Corporation (NASDAQ:NVDA) is up 1.20% in pre market trading at $14.30. NVDA trades 17.60 million shares a day on average. NVDA has been trading lower since last Wednesday and has fallen nearly $1 a share. NVIDIA has a current market cap of 8.63 billion.

Apple Inc. (NASDAQ:AAPL) is down slightly in pre market trading at $388.62. AAPL trades 14.33 million shares a day on average. Since last Wednesday, AAPL has traded from $388 to $394 and back down again. The company has a current market cap of 361.36 billion.

Jive Software Inc. (NASDAQ:JIVE) is up 1.13% in pre market trading at $15.22. JIVE had its IPO yesterday and traded nearly 15 million shares. Will IPO fever catch with JIVE like it did for other IPOs this year or will it slowly trudge along until having a sell off? Depends on what is happening in the overall market.

LiveDeal, Inc. (NASDAQ:LIVE) closed Tuesday up 286% at $5.60. LIVE was up on heavy volume yesterday and looks to continue trading heavy volume today. LIVE jumped yesterday after the company completed equity financing. LiveDeal has a market cap of 3.87 million.

Endocyte, Inc. (NASDAQ:ECYT) closed yesterday down 65.31% at $3.57. ECYT trades 189 thousand shares a day on average. Endocyte tanked yesterday following disappointing results on its cancer therapy EC 145. A study found the drug did not extend a patient’s life. The company has a current market cap of 127.59 million.

Marriott International, Inc. (NYSE:MAR) finished Tuesday down 2.76% at $28.84. MAR trades 3.69 million shares a day on average. Marriott announced a management change as J.W. Marriott Jr. will step down from his post of Chief Executive next March. Arne Sorenson will replace him as CEO. Marriott has a current market cap of 9.67 billion.

Stocks Struggle In Late Trading as Fed Offers Bleak Forecast. Stocks to Watch: F, MU, NVDA, MS, BAC, V, WMT

Stocks are whipsawing in late day trading as they struggle to get into positive territory. Each of the major indicies are well off their lows earlier today with the Dow losing only 45 points. The Nasdaq is positive slightly and the S&P is down about 4 points with an hour left in the trading day.

Lots of news happening across the markets today with the U.S. GDP being revised and the continued uncertainty in the euro zone. The big news late in the day though was the Fed meeting in which they discuss how to handle the economy. The Fed met earlier this month and one of the things they discussed was how they could let businesses and investors know more about what might trigger increases interest rates. The Fed didn’t make any changes though. Following this meeting, the Fed has an even more dour outlook for the U.S. economy. It predicted that the economy will grow much more slowly and face steeper unemployment than it estimated back in June. Many economists think the Fed should announce a plan to buy back mortgage-backed securities following its Dec. 13 meeting, while others believe the a third round of treasury bond purchases should be done, aka QE3. Bernanke said the economic growth is “frustratingly slow” and the central bank remains “prepared to take action as appropriate to make sure the recovery continues.”

Earlier today, the Commerce Department announced it has revised the third quarter GDP from 2.5% down to 2%. This is the department’s second ‘estimate.’ Many analysts expected 2.5% so this did come as a bit of a surprise to some. The GDP was higher though in the third quarter than the second quarter when it was 1.3%.

Europe continues to be a major problem and fuels uncertainty in the markets. European banks are relying even more on the ECB as central bank funding jumped to a two-year high today. U.S. funds cut back on their lending to these banks as well tightening the lending markets in Europe even more. 178 banks have requested 247 billion euros from the ECB this week. The uncertainty will continue to persist in the markets as long as investors think that the crisis will spread.

Stocks to watch going into the close: Ford Motor Company (NYSE:F), Micron Technology, Inc. (NASDAQ:MU), NVIDIA Corporation (NASDAQ:NVDA), Morgan Stanley (NYSE:MS), Bank of America Corp. (NYSE:BAC), Visa Inc. (NYSE:V) and Wal-Mart Stores, Inc. (NYSE:WMT)

Ford Motor Company (NYSE:F) iis down slightly at $10.05 in late day trading. F has traded 34.29 million shares so far today, about 50% its usually daily volume. Ford has been trending downward for more than a week now and has fallen from over $11.50 to around $10 in that time period. The company has a current market cap of 38.32 billion.

Micron Technology Inc. (NASDAQ:MU) is up 0.66% today at $6.13. MU has traded 29.6 million shares so far today, about 10 million shares short of its daily average. MU dropped back down the past few days after popping on Nov. 16 from $5.50 to nearly $7. The company has a current market cap of 6.09 billion.

NVIDIA Corporation (NASDAQ:NVDA) is up 2.46% at $14.99 today. NVDA has traded 25.3 million shares so far today, 5 million more shares than its daily average. NVDA is up nearly $2 so far this week. The company has a current market cap of 9.08 billion.

Morgan Stanley (NYSE:MS) is down 0.48% today at $13.54. MS has traded 22.7 million shares so far today, way below its daily average of 33.9 million shares. MS has been trading lower most of the month and has fallen more than $5 since the end of October. The company has a current market cap of 26.09 billion.

Bank of America Corporation (NYSE:BAC) is down 2.64% at $5.35. BAC has traded 233 million shares so far today, about 60 million shares short of its daily average. BAC has been trading lower all month and was trading above $6.50 at the first of them month.The company has a current market cap of 54.31 billion.

Visa Inc. (NYSE:V) is down 0.36% at $90.88 in late day trading. V has traded 2.7 million shares so far today, about half its daily average volume. Visa has been trading lower for the past week now and has fallen from $94 to $90. The company has a current market cap of 62.5 billion.

Wal-Mart Stores Inc. (NYSE:WMT) is up slightly in the last hour of trading. WMT is up 0.16% at $56.75. WMT has traded 5.2 million shares so far today, well below its daily average of 12.4 million shares. The company has a current market cap of 195.4 billion.

Stocks With Bullish Engulfing Candlestick Pattern: NVDA, DELL, JEF, ETFC, M, GMCR, CHS, V

Stocks are recovering slightly in late-day trading with the Dow losing 209 points, the Nasdaq losing 39 points and the S&P is losing 18 points. Let’s take a look at a few stocks in a bullish engulfing candlestick pattern. The bullish engulfing candlestick pattern is a bullish signal that occurs when the candlestick for today completely engulfs or covers up the previous day’s candlestick.

Nvidia Corporation (NASDAQ:NVDA) is up 5.60% at $14.71 in late day trading. NVDA has traded 25 million shares so far today, well above its daily average of 19.8 million shares. NVDA started the day down and is looking good heading into the closing bell. The stock had dipped from nearly $15 on Wednesday to under $13.60 today before rallying. The company has a current market cap of $8.93 billion.

Dell Inc. (NASDAQ:DELL) is up 0.34% today at $14.95 today. DELL has traded 22.8 million shares so far today, 2 million less than its daily average. DELL looks to close the day slightly higher after being as low as $14.63 this morning. The company has a current market cap of 27.12 billion.

Jefferies Group, Inc. (NYSE:JEF) is up 0.98% at $10.26 today. JEF has traded 15.4 million shares, 3 times its daily average. Jefferies Group has been reducing their exposure in Europe even more today. The company has a current market cap of 2.27 billion.

E*Trade Financial Corporation (NASDAQ:ETFC) is up 2.43% at $8.43 in late-day trading. ETFC has traded 9.2 million shares so far today, 2 million more than its daily average. ETFC is bouncing today after trading lower the previous 4 trading sessions. The company has a current market cap of 2.40 billion.

Macy’s, Inc. (NYSE:M) is up 2.44% at $31.10 today. M has traded 8.4 million shares today, about 800 thousand shares short of its daily average. A lot of retailers are bracing for Black Friday sales and are hoping for a good showing. The company has a current market cap of 13.06 billion.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is up 4.74% today at $52.84. GMCR has traded 6.7 million shares today. This is short of its daily average of 7.5 million shares. GMCR has been bouncing back the past week after dipping big following earnings. The company has a current market cap of 8.19 billion.

Chico’s FAS Inc. (NYSE:CHS) is up 2.78% today at $11.66. CHS has traded. 5.2 million shares today, 2 million shares more than its daily average. CHS is up ahead of the company’s earnings reported which is expected tomorrow. The company has a current market cap of 2.01 billion.

Visa, Inc. (NYSE:V) is up 0.46% today at $91.23. V has traded 3.1 million shares today, 2 million shares short of its daily average volume of 5.1 million shares. V is recovering slightly today after having three straight red trading sessions. The company has a current market cap of 62.90 billion.

Nvidia (NVDA) Posts 3Q Of Fiscal Year 2012. Revenue of $1.07 Billion

Nvidia Corporation (NASDAQ:NVDA), based out of Santa Clara, CA posted its third quarter fiscal 2012 results with a revenue increase of 4.9% to $1.07 billion from $1.02 billion in the previous quarter.

GAAP net income was $178.3 million, or $0.29 per diluted share; non-GAAP net income was $217.0 million, or $0.35 per diluted share.

GAAP gross margin increased to 52.2%; non-GAAP gross margin increased to 52.5% from the second quarter’s 51.9%. Both are records for the fifth consecutive quarter.

“NVIDIA’s strategy is coming into its own, as the world becomes increasingly visual and mobile,” said Jen-Hsun Huang, president and chief executive of NVIDIA. “Our GPU business accelerated in the third quarter, driven by strong demand from gamers and the professional market. And our mobile business benefited from new devices coming onto the market. With Tegra 3 phone wins well ahead of Tegra 2′s pace, we’re expecting strong growth in the year ahead.”

Nvidia’s outlook for the fourth quarter of Fiscal year 2012 has forecast revenue to be relatively flat, plus or minus two percent, from the third quarter.

GAAP and non-GAAP gross margins are expected to be flat to up 0.5 percentage points from the respective GAAP and non-GAAP gross margins in the third quarter. GAAP operating expenses are expected to be approximately $372 million; non-GAAP operating expenses are expected to be approximately $330 million.

Nvidia said its GAAP and non-GAAP tax rates are both expected to be between 14 to 16%, excluding any discrete tax events that may occur in the quarter.

Recently, NVIDIA Tesla processors were chosen by Oak Ridge National Laboratory, which will deploy 18,000 of them in its new machine, “Titan,” expected to be the world’s fastest supercomputer, with the potential to deliver speeds of over 20 petaflops.

Competitors to watch: Advanced Micro Devices, Inc. (NYSE:AMD) and Intel Corporation (NASDAQ:INTC).

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