Market Trading Flat and NASDAQ Stocks Rallying in Early Trading

A list of NASDAQ stocksStocks are starting the week flat this morning as investors take a break following last week’s big gains. The big news came from Apple today as they announced a quarterly dividend and a share buyback program.

Not a lot of economic data points for investors to look to today. Home builder sentiment came out a few minutes ago and was unchanged in March at 28. This is the highest level since June 2007. Many analysts are looking for the housing industry to follow the rest of the economy and start recovering. The housing industry took the biggest hit during the recession in 2008 and still has a long road to recovery.

A quick look at the major stock indexes show the Dow down 6 points, the Nasdaq up 2 points and the S&P 500 is up 1 point. [Read more...]

The Recovery Looks to Housing and Cheap Stocks to Watch Tomorrow

Wall Street signAll about housing this week. A host of data points are expected and analysts are looking for this sector to join the rest in the recovery. So far, the pace of housing has been slow and that’s being diplomatic. Any miss here may halt the rally, while good news may keep the train moving down the tracks.

One thing that may hold housing in check is the fact the middle class is still getting pummeled. Sure the jobs numbers look good on paper, but temp jobs do not turn into an accepted mortgage application. Maybe they did in 2006, but not in this new normal. The low rates though have enticed homeowners into refinancing so the number sin applications may get heavily skewed by that.

Outside of housing, China will come into focus with its banking reports. Investors will be paying close attention to any slip in profits or under-performance. [Read more...]

NASDAQ Stocks Rallying Despite Down Market: EBTX, DUSA, MDSO, SHFL, OVTI, PRMW

Nasdaq stocksStocks slide the most in three months this morning as concerns that Greece and private bondholders may not meet an upcoming deadline grows. Bondholders have till Thursday night to accept a bond swap in which they would lose three-quarters of their bonds’ worth. The overall market is also looking overbought as there hasn’t been a meaningful pullback since the rally started late last year.

In early trading the Dow is down 159 points, the Nasdaq is down 37 points and the S&P 500 is down 17 points.

Encore Bancshares, Inc. (NASDAQ:EBTX) is up 35.35% at $20.17 today. EBTX has traded 375 thousand shares so far today, way above its daily average of 14 thousand shares. EBTX shares are up today after Cadence Bancorp announced the acquisition of Encore Bancshares for $250 million. The company has a market cap of 235.45 million. [Read more...]

5 Stocks Under $5 Rallying This Morning: OXGN, PRMW, ALIM, SIGA, PPHM

Stocks opened down this morning as investors still have fears over the euro debt crisis despite last week’s agreement. Many people believe the agreement doesn’t address the larger European problem, the debt many nations have and their rising costs to borrow money. The major indices are down more than 1% this morning with the Dow down 156 points, the Nasdaq down 50 points and the S&P down 21 points.

Let’s take a look at 5 stocks under $5 that are rallying in early trading.

OXiGENE, Inc. (NASDAQ:OXGN) is up 28.71% this morning at $1.30. OXIGENE and Azanta A/S announced this morning they have established a partnership agreement to provide access to ZYBRESTAT for anaplastic thyroid cancer in Europe and Canada on a compassionate use basis. OXGN has traded 1.7 million shares this morning following this news. This is more than double its daily average volume of 603 thousand shares. The company has a market cap of 19.19 million.

Primo Water Corporation (NASDAQ:PRMW) is up 8.71% this morning at $3.37. PRMW has traded 493 thousand shares so far today and trades 558 thousand shares a day on average. PRMW stock is up about $0.50 a share since last Tuesday. Primo Water has a market cap of 79.92 million.

Alimera Sciences, Inc. (NASDAQ:ALIM) is up 14.29% in early trading at $1.60. ALIM has traded 332 thousand shares so far today, 50% more than its daily average. ALIM is up about $0.40 over the past 3 trading sessions. The company has a market cap of 50.60 million.

SIGA Technologies, Inc. (NASDAQ:SIGA) is up 6.17% this morning at $2.58. SIGA has traded 742 thousand shares this morning and is about to pass its daily average volume of 755 thousand shares. SIGA disclosed this morning they have received a $36 million payment from the Biomedical Advanced Research and Development Authority of the United States Department of Health and Human Services (BARDA). SIGA Technologies has a market cap of 132.66 million.

Peregrine Pharmaceuticals Inc. (NASDAQ:PPHM) is up 10.26% this morning at $1.29. PPHM has traded 788 thousand shares so far today, 100 thousand shares more than its daily average. Peregrine is set to announced earnings after the market close today. The company has a market cap of 103.40 million.

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