Insiders Trading Report for Apr. 16

Traders at the NYSEThe street continues to be in a tug of war. On one hand you have China and European growth concerns. The EU seems unable to get a lasting solution for their sovereign debt crisis. The flipside is earnings season here stateside. The lowered bar of expectations has helped numerous companies beat expectations.

After the worst week of 2012 last week, the domestic markets are looking to recover some of the ground lost. Economic data points slated for release this week include retail sales numbers and industrial-production figures. [Read more...]

Insiders Trading Report for March 28

Investors at the NYSEStocks finished negative yesterday as investors took a step back following economic data and global worries. Economic data gave traders pause as durable goods orders rose less than expected at 2.2% in February. Analysts were expecting a 3% increase.

Europe continues to be in the headlines as Spain may have entered into its second recession in three years. As usual, political leaders, specifically the Italian prime minister, are not worried about economic troubles from another european country affecting the EU.

This news sent the Dow down 71 points, the Nasdaq down 15 points and the S&P 500 down 7 points. [Read more...]

Futures Look Toward Bernanke. Stocks to Watch: GMCR, ZNGA, QCOM, RENN, VIAB, EA, AOL

The market is in a wait and see mode this morning as investors wait for Bernanke’s testimony on the Hill. Currently Dow futures are down 9 points to 12,644. Nasdaq 100 futures are following that lead, down 2.75 points to 2,485. S&P 500 futures are rounding out the decline, off 1.50 points to 1,318.25.

Bernanke’s testimony to the House Budget Committee is expected to be the highlight of the day. With the election cycle almost in full swing, it is almost guaranteed to contain a few fireworks. His comments on the economy will be carefully watched. Anything outside of his normally measured tone can move the market violently in either direction. So expect the market pundits to be parsing what exactly he means by ‘is’.

Jobless claims that just released were slightly better than expected. Weekly claims fell 12,000 to 367,000.

Earnings season continues to be in full swing. Dow Chemical (NYSE:DOW) reported a net loss and that sent shares tumbling in pre-market by nearly 4%.

Drug maker AstraZeneca PLC (NYSE:AZN) is off over 3% this morning after they announced a round of job cuts in order to trim costs. The company is expecting a dip in earnings this year due to patent expirations.

In Europe the markets gyrated between small gains and losses as investors still wait for a resolution to the Greece crisis. There is a possible big merger in the works that is helping boost the market. Xstrata PLC is in talks with Glencore International about a merger of equals.

In Span the government conducted a bond auction that saw yields fall as compared to previous auctions. A French bond auction was also successful, selling 7.96 billion in government bonds.

A bigger-than-expected rise in inventories is sending oil lower on the day. Nymex crude futures are currently down 66 cents to $96.95 per barrel.

Stocks to watch today include Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), Zynga Inc. (NASDAQ:ZNGA), Qualcomm Inc. (NASDAQ:QCOM), Renren Inc. (NYSE:RENN), Viacom, Inc. (NASDAQ:VIAB), Electronic Arts Inc. (NASDAQ:EA) and AOL, Inc. (NYSE:AOL)

Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) is up 21.57% in pre market trading at $65.26. GMCR shares are rallying big after the company announced fiscal first quarter results yesterday. Green Mountain had an adjusted EPS of $0.60 for its first quarter, way above analysts consensus of $0.36. Sales were at $1.16 billion, beating estimates of $1.06 billion. For its second quarter, Green Mountain is expecting adjusted profit of $0.60 to $0.65 per share, lower than analyst estimates of $0.73 a share. GMRC will likely trade above its average volume of 7.2 million shares today on this news. The company has a market cap of 8.29 billion.

Zynga Inc. (NASDAQ:ZNGA) is up 3.77% in pre market trading at $11.00. ZNGA has been trending higher this month as news of a Facebook IPO has sent companies related to the social media sector higher. ZNGA typically trades about 10 million shares a day on average and has a market cap of 7.41 billion.

Qualcomm Incorporated (NASDAQ:QCOM) is up 4.16% in pre market trading at $62.04. QCOM shares are rising this morning after the company’s first quarter net income beat expectations. Adjusted net income was $0.97 for the first quarter, higher than estimates of $0.90. Revenue for the quarter was $4.68 billion. The company forecasted revenue for the current quarter to be between $4.6 billion and $5 billion with adjusted net income between $0.91 and $0.97 per share. Analysts were expecting $0.89 per share with $4.49 billion in revenue. The company has a market cap of 100.12 billion.

Renren Inc. (NYSE:RENN) is up 3.79% in pre market trading at $5.20. RENN along with many companies dealing in the social media space have been rallying over the past week now has Facebook IPO fever has swept Wall Street. RENN shares have seen a pull back in the past two days after rallying more than 50% earlier in the week. The company has a market cap of 1.96 billion.

Viacom Inc. (NASDAQ:VIAB) is down 6.86% in pre market trading at $46.97. VIAB shares are down after the company announced first quarter results. Profit for the quarter fell to $212 million or $0.39 a share, down from $610 million, or $1.01 a share a year ago. Viacom did beat on adjusted profit with $1.06 for the quarter, beating estimates by $0.01. VIAB trades 4.4 million shares a day on average.

Electronic Arts Inc. (NASDAQ:EA) is up 5.75% in pre market trading at $19.50. EA shares are higher following yesterday’s earnings. Its third quarter earnings were strong thanks to its holiday game releases “Batlefield 3” and “Star Wars: The Old Republic.” EA said it sold 2 million units of Star Wars and has 1.7 million daily active subscribers. The company has a market cap of 6.11 billion.

AOL Inc. (NYSE:AOL) is trading down 2.70% in pre market trading at $17.28. AOL released its fourth quarter earnings late yesterday. While its net income fell 66%, the results still beat estimates. Total revenue for the quarter came in at $576.8 million while net income was $22.8 million. AOL trades 1.5 million shares a day on average and has a market cap of 1.73 billion.

After Hours Gainers and Losers: GMCR, QCOM, JDSU, SD, SFLY

Green Mountain Coffee Roasters (NASDAQ:GMCR) is up 13.42% in after hours trading at $60.68. GMCR shares are popping after the company announced quarterly results. First quarter EPS came in at $0.60, beating consensus of $0.36. Sales were $1.16 billion versus the estimated $1.06 billion. The company has a market cap of 8.29 billion.

Qualcomm Incorporated (NASDAQ:QCOM) is up 5.88% in after hours trading at $63.11. QCOM shares jump as earnings beat estimates and the company raises its outlook. Earnings increased 20% in the fourth quarter and the company expects first quarter EPS to be between $0.91-$0.97. Analysts were expecting $0.89. The company has a market cap of 100.12 billion.

JDS Uniphase Corporation (NASDAQ:JDSU) is up 4.72% in after hours trading at $13.70. JDS Uniphase posted a loss in its fiscal second quarter results but their results beat analyst expectations. Excluding one-time items JDS Uniphase would have earned $0.15 a share. Analysts were expecting $0.10 a share. The company has a market cap of 3.01 billion.

Sandridge Energy Inc. (NYSE:SD) is down 11.75% in after hours at $6.91. SD shares are down right now following news that Sandridge will buy Dynamic Offshore for $1.28 billion. The deal will be $680 million in cash and 74 million in Sandridge stock. The company has a market cap of 3.13 billion.

Shutterfly, Inc. (NASDAQ:SFLY) is down 12.50% in after hours trading at $21.98. SFLY shares are falling as initial reactions from investors on its fourth quarter results are negative. Shutterfly reported adjusted net income of $1.48 per share, beating estimates of $0.82. The company is expecting between $0.31 to $0.43 for the first quarter. Analysts’ estimates for the first quarter are between $0.32 and $0.52. The company has a market cap of 870.94 million.

Nasdaq Stocks Trending Higher: INHX, DRWI, GRPN, SBUX, ERTS, QCOM

Here’s six stocks that ended last week higher than where they started.

Inhibitex, Inc. (NASDAQ:INHX) closed Friday up 115% at $8.54. The company announced positive data for its hepatitis C drug early Friday and caused INHX stock to double. INHX traded 29.6 million shares on Friday, well above its daily average volume of less than a million shares. The stock hit a new 52-week high of $9.45 and has a current market cap of 667.7 million.

DragonWave Inc. (NASDAQ:DRWI) closed Friday up 41% at $5.09. DragonWave announced it is buying Nokia Siemens microwave business on Friday for 15 million euros. DRWI traded 2.8 million shares on Friday, above its daily volume of 369 thousand shares. The company has a current market cap of 180.85 million.

Groupon, Inc. (NASDAQ:GRPN) closed Friday up 30% at $26.11. Groupon, Inc started trading on Friday following its IPO. GRPN actually opened Friday at $30 and quickly ran up to $31.14 before coming back down. GRPN traded large volume on Friday with 49.81 million shares traded. At its current price, Groupon has a market cap of 15.68 billion.

Starbucks Corporation (NASDAQ:SBUX) closed Friday up 6.74% at $44.19. SBUX posted strong fiscal fourth-quarter results late last week and expects more growth in 2012. SBUX traded 17.1 million shares Friday, more than twice its daily volume. The company has a current market cap of 32.97 billion.

Electronic Arts Inc. (NASDAQ:ERTS) closed Friday up 3.36% at $25.20. ERTS traded 15.1 million shares on Friday, nearly double its daily average of 8.7 million shares. The company has a current market cap of 8.34 billion.

Qualcomm, Inc. (NASDAQ:QCOM) closed Friday up 0.70% at $56.90. QCOM posted strong earnings last week and saw a nice jump on Thursday. The stock traded over 21 million shares on Friday, about 4 million more shares than usual. The company has current market cap of 94.98 billion.

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