Five NASDAQ Stocks Tumbling This Morning: VRTX, KITD, TSCO, ZNGA, PACB

NASDAQ Screen at Times SquareVertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is down 14.49% this morning at $55.44. VRTX has traded 12.2 million shares so far today, 4 times its daily average. VRTX shares are dropping after previous results of a study treating cystic fibrosis patients overstated the benefits of a drug combination. The company has a market cap of 11.55 billion.

KIT digital, Inc. (NASDAQ:KITD) is down 7.89% today at $3.27. KITD has traded 742 thousand shares so far today and trades 1.6 million shares a day on average. KITD shares are down more than 12% over the past five days. The company has a market cap of 156.77 million. [Read more...]

Hot Stocks to Watch: GNOM, PACB, FRO, NEPT, MRGE, RUE

Wall Street signStocks are wavering this morning as they digest news out of Spain that more banks will be lining up for government bailouts. Continual EU woes coupled with low volume heading into Memorial Day is keeping any gains the market could log in check.

Domestically the markets did get a small boost from consumer confidence numbers that suprised to the upside. Sign Up For Free Alerts

A quick check at the markets has the Dow down 6, the Nasdaq flat and the S&P up 2 points. [Read more...]

Morning Gainers: GNOM, MNEL, NEP, PACB, SRLS, DBD

Stocks opened higher this morning, but have since given up some of their gains. Investors were relieved to see Greece approve austerity deal in order to get another rescue package. The situation in the Middle East is heating up today after attacks against Israeli diplomats in Georgia and India. Israel is blaming Iran and Hezbollah for the attacks. The Dow is up 48 points, the Nasdaq is up 18 points and the S&P 500 is up 6 points.

Complete Genomics, Inc. (NASDAQ:GNOM) is up 46.20% this morning at $4.78. GNOM has traded 8.7 million shares so far today, well above its daily average of 676 thousand shares. GNOM shares are up big after the Mayo Clinic selected the company to provide outsourced whole genome sequencing. The company has a market cap of 152.31 million. [Read more...]

Futures Mixed As Apple Lifts Nasdaq. Stocks to Watch: PACB, ILMN, AAPL, RDN, FIO, BA, C

US futures are diverging this morning after Apple reported stellar earnings in after-hours trading yesterday. Dow futures are down 40 points to 12,586. Nasdaq futures are riding the Apple effect, up over 15 points to 2,453. S&P 500 futures are following the Dow’s trend, down over 3 points to 1,308.

Apple’s earnings yesterday are driving the Nasdaq futures. A broker at Valbury Capital remarked, “The figures from Apple show that despite the global recession looming, people still want to have an overpriced, lacking-in-features iPhone 4S that they couldn’t even be bothered to change the shape on.” Maybe he can ask Siri why he’s so down this morning?

On the economic data calendar today is the a decision by the FOMC on where to keep interest rates. Analysts are starting to worry that even though the economic outlook is negative, the recent spate of good news will keep the Fed from announcing another round of QE 3. Check out one of the best swing traders on the street.

The Fed will release their outlook for rates over the coming years. They will also try to give timing for the first rate hike and their overall plan for their growing balance sheet. This move is intended to soothe both the hawks and doves that watch the Federal reserve.

The recent down-tick in unemployment has increased the talk of the Fed eventually getting away from historically low interest rates.

In European news the news has started to shift from the always-near-the-cliff Greece to Portugal. Austerity measures in Portugal have started to push economic activity off the books. A full quarter of the economy now occurs off the books in what is being deemed a shadow economy. If both Greece and Portugal were to default, the pressures on the EU could reach a breaking point with stronger countries refusing to backstop weaker ones.

Who knew you couldn’t place the economic burden on citizens that already bore the brunt? US officials should take note of the abject failure of austerity in EU before they use it as a model here in the states.

Stocks to watch today include Pacific Biosciences of California (NASDAQ:PACB), Illumina, Inc. (NASDAQ:ILMN), Apple Inc. (NASDAQ:AAPL), Radian Group Inc. (NYSE:RDN), Fusion-io, Inc. (NYSE:FIO), Boeing Company (NYSE:BA) and Citigroup, Inc. (NYSE:C)

Pacific Biosciences of California (NASDAQ:PACB) is up 20.76% in pre market trading at $4.77. PACB shares are jumping this morning following the deal between Roche and Illumina. PACB has traded over 30 thousand shares so far in pre market and trades close to 300 thousand shares a day on average. The company has a market cap of 216.51 million. Check out one of the best swing traders on the street.

Illumina, Inc. (NASDAQ:ILMN) is up 37.64% in pre market at $52.10. ILMN shares are up big after Swiss drug maker Roche Holdings made a $5.7 billion bid on the company this morning. Roche said it would pay $44.50 a share in cash through a tender offer. ILMN has traded over 4 million shares this morning, more than double its daily average. The company has a market cap of 4.58 billion.

Apple Inc. (NASDAQ:AAPL) is up 8.24% in pre market trading at $455.05. AAPL shares are rallying following a stellar fiscal first quarter from the company. Apple saw profit more than double in its fiscal first quarter with revenue rising 73% to $46.3 billion. EPS came in at $13.87, crushing analysts’ estimates of $10.08 per share. Apple sold more than 37 million iPhones in the quarter, up 128% from the year before. The company has a market cap of 390.73 billion.

Radian Group Inc. (NYSE:RDN) is up 4.75% this morning at $3.09. RDN shares are jumping this morning following news the company will return $12.9 billion reinsurance portfolio to Assured Guaranty Ltd. This move is expected to increase Radian’s statutory capital. The company has a market cap of 392.94 million.

Fusion-io, Inc. (NYSE:FIO) is down 12% in pre market trading at $26.70. FIO shares are taking a hit today after a disappointing fiscal second quarter. FIO’s second quarter loss narrowed but higher cots affected margins. The company has a market cap of 2.53 billion.

Boeing Company (NYSE:BA) is down 1.55% in pre market at $74.19. BA shares are dipping some following Boeing’s fourth quarter earnings. Boeing beat estimates, but its 2012 guidance was reduced because of higher than expected pension expenses. The company has a market cap of 56.01 billion.

Citigroup, Inc. (NYSE:C) is down about 1% in pre market trading at $29.63. C shares are slipping as the company ponders more cuts to banking and securities unit. C typically trades 55.7 million shares a day on average. The company has a market cap of 87.42 billion.

Stocks Bucking The Market Trend This Morning: BDSI, BORN, RDN, FBN, PACB, LEAP

Stocks started slightly higher this morning following successful bond auctions in Europe, but quickly turned negative as jobs numbers were released. Unemployment claims jumped to a six week high at 399,000. This rise comes as companies let go of thousands of workers hired for the holiday season. As of 10:50 am EST the Dow is down 57 points, the Nasdaq is down 10 points and the S&P is down 5 points.

BioDelivery Sciences International (NASDAQ:BDSI) is up 15.51% at $2.16 this morning. BDSI is up on heavy volume today with 531 thousand shares traded. Yesterday, BDSI filed an 8-K and inside detailed an agreement with Arius Pharmaceuticals and Arius Two, Inc. The agreement will see BioDelivery Systems, Arius and Arius Two grant Endo Pharmaceuticals exclusive commercial world wide license to develop, manufacture, market and sell BioDelivery’s BEMA product. The company has a market cap of 65.63 million.

China New Borun Corporation (NYSE:BORN) is up 8.10% at $4.6701 in early trading. BORN has is up on large volume today with 638 thousand shares today, well above its daily average of 142 thousand shares. BORN shares are up the past two days after signing pre sales contracts worth around 90% of 2012 total production capacity. The company has a market cap of 120.72 million.

Radian Group Inc. (NYSE:RDN) is up 12.22% today at $3.0305. RDN has traded 5.9 million shares today, already higher than its daily average volume. RDN has rallied more than $0.60 a share this week. No recent news for RDN, but analysts have maintained a price target of $5 for the stock. The company has a market cap of 408.89 million.

Furniture Brands International (NYSE:FBN) is up 7.08% at $1.22. FBN has traded 333 thousand shares this morning and trades 515 thousand shares on average. Furniture Brands presented at the 14th Annual ICR XChange Conference in Miami, Florida yesterday. The company has a market cap of 67.71 million.

Pacific Biosciences of California (NASDAQ:PACB) is up 9.18% at $3.33 this morning. PACB has traded 356 thousand shares today, well above its daily average of 293 thousand shares. PACB gaped open this morning at $3.16 after closing yesterday at $3.16. The company has a market cap of 183.62 million.

Leap Wireless International (NASDAQ:LEAP) is up 4.62% at $9.97 in early trading. LEAP has traded 1.6 million shares today and averages around 2 million shares daily. LEAP has been rebounding the past week or so after announcing poor subscriber numbers at the first of the year. LEAP shares fell from $10 to $8.50 in the first few days of 2012 and have since recovered back to where it fell from. The company has a market cap of 788.69 million.

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