NASDAQ:SFLY

After Hours Trading Report for Apr. 30

Wall StreetInvestors have to be glad April is over. Logging losses for the month, April turned out to be the worst month of 2012 so far. News out of the Europe continues to weigh on investors as Spain entered back into recession. The looming election in France is sure to cause levels of consternation to spike as we near May 6. The outcome of that election could push the Euro to the brink if Hollande carries through on his promises on pushing back against austerity.

Domestically the economic data pointed towards a mixed bag. The Chicago PMI cratered, while consumer spending held up, but still dipped from February. Investors will be watching for the NFP report due on Friday. Estimates are already being slashed on the number of jobs created.

The Dow ended the down 15. The Nasdaq and S&P also ended down, dropping 23 and 5 points respectively. [Read more...]

Oil Prices Sour The Mood on Wall Street. Stocks to Watch: SFLY, ZNGA, NOK, YELP, SIRI, AONE, BAC

Stock FuturesThe lack of a substantial move higher and rising concerns over oil is keeping a lid on pre-market gains this morning. Dow futures are currently down 30 points to 12,943. Nasdaq 100 futures are down 8.50 points to 2,635. The S&P 500 is rounding out the drops in pre-market, down 3.50 points to 1,371.

Investors are starting to worry about complacency in the market and how that normally foretells an abrupt downturn. In a word, the market has been boring. Without a catalyst t push the market higher, the expectations of a correction are growing. this could shake out the profit holders and once it is over, get new money back into the system.

With no economic data on the calendar today, all eyes will be on oil. Crude jumped temporarily overnight after reports of a pipeline explosion in eastern Saudi Arabia. The Kingdom denied the report even with pictures from PressTV. Then again, it is PressTV, the Iranian media arm. Not exactly the CNN of the Middle East. [Read more...]

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.

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