NASDAQ:OCZ

Hot Stocks to Watch: PSDV, SCSS, EDU, OCZ, WAG, TXT

Wall Street signThe stock market has given up most of its early gains this morning after a rise in weekly jobless claims and poor existing home sales numbers. Initial claims for unemployment benefits jumped 34,000 to 386,000 last week according to the Labor Department. Unemployment data is notoriously volatile in July because of auto plants retooling.

Existing home sales fell more than 5% in June, but prices did rise. Median prices for a home resale rose nearly 8% in June from the previous year to $189,400.

While the major indexes are still positive this morning they are off their highs. The Dow is currently trading up 15 points, the Nasdaq up 21 points and the S&P 500 up 3 points. [Read more...]

Stock Futures Look to Recover Yesterday’s Losses, Stocks to Watch: NOK, BZH, ARNA, PSEC, OCZ, OREX

Wall StreetAfter a negative performance yesterday, the major indices are looking to rebound this morning into the open. All eyes will be on the FOMC minutes slated for release at 2pm EST. While the Fed opted to not go forward with QE3, investors will be looking for hints of possible future stimulus programs contained within the minutes.

A quick snapshot of the futures has the Dow up 29, the Nasdaq essentially flat and the S&P up 2 points.

Europe continues to play the role of possible spoiler in any rally. Spain announced a new round of austerity measures that will surely have people back in the streets. In a bit of this can’t be true but actually is, Berlusconi, former PM of Italy, is hinting at another run of 2013. At least Italy’s party scene will make a comeback. Sign Up For Free Stock Alerts

Asian markets finished their trading day mixed, with Japan and Australia losing ground for the fifth straight session. China rebounded somewhat as did Hong Kong.

In commodities, oil prices continue to trade in the $85 range. Gold prices are giving up some ground in early trading, off $5 per ounce to $1574.80. [Read more...]

Morning Losers: WBMD, HMA, LIZ, TIF, OCZ, PHH, HDY

WebMD Health Corp. (NASDAQ:WBMD) is down 29.05% this morning at $26.05. WBMD has traded 5.4 million shares so far today, well above its daily average of 1 million shares. WebMD shares are tanking today after its CEO resigned. The company has a market cap of 1.48 billion. Sign Up For Our Free Weekly Newsletter

Health Management Associates Inc. (NYSE:HMA) is down 20.69% today at $5.50. HMA has traded 29.6 million shares so far today, well above its daily average of 3.5 million shares. HMA shares are down for a second straight day and has lost more than $2 a share this week. The company has a market cap of 1.41 billion.

Liz Claiborne Inc. (NYSE:LIZ) is down 14.40% in early trading at $8.50. LIZ has traded 6.1 million shares so far today, more than double its daily average. LIZ shares are down after the company cut outlook and CFO leaves. The company has a market cap of 796.47 million.

Tiffany & Co. (NYSE:TIF) is down 11.94% today at $58.95. TIF has traded 7.3 million shares so far today and trades 2.3 million shares a day on average. TIF shares are fallign today after the company cut full year outlook on weak holiday sales. The company has a market cap of 7.54 billion.

OCZ Technology Group, Inc. (NASDAQ:OCZ) is down 9.75% this morning at $7.31. OCZ has traded 1.8 million shares today, above its daily average of 1.5 million shares. OCZ shares are down today after it misses by $0.01, but beats on revenue and guidance. The company has a market cap of 388.13 million.

PHH Corporation (NYSE:PHH) is down 6.95% today at $10.17. PHH has traded 3.4 million shares so far today, well above its daily average of 1.2 million shares. PHH shares are down after the company announced proposed offering of convertible senior notes. The company has a market cap of 573.01 million.

Hyperdynamics Corporation (NYSE:HDY) is down 8.20% this morning at $2.3550. HDY has traded 1.2 million shares today and trades 3.1 million shares daily on average. HDY shares have fallen about $0.60 a share over the past week. The company has a market cap of 374.52 million.

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