Hot Stocks to Watch: KGJI, AMPE, STZ, SWHC, SNTA, VCLK

Wall Street signStocks are rallying across the board this morning with the Dow up more than 200 points after a surprising agreement by EU leaders to help the region’s struggling banks. The major stock indexes are up as much as 2% this morning. European leaders agreed to using euro area rescue funds to stabilize bond markets. This agreement will not force countries to implement additional austerity measures or economic reforms in order to receive aid. Sign Up For Free Stock Alerts

Expectations from the summit were extremely low so while this news is good, a rally was going to happen with even the smallest bit of good news. News closer to home was disappointing as consumer sentiment fell to 73.2 in June, nearly a point lower than what analysts were expecting.

The Dow is currently up 205 points, the Nasdaq is up 59 points and the S&P 500 is up 24 points. [Read more...]


Nasdaq StocksTargacept, Inc. (NASDAQ:TRGT) is down 12.37% today at $4.25. TRGT has traded 1.2 million shares so far today, double its daily average. TRGT shares are tumbling today after the company reports error in asthma study. The company has a market cap of 141.93 million.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is down 3.69% in early trading at $3.0050. ARNA has traded 8.8 million shares so far today, above its daily average of 7.8 million shares. ARNA shares are falling as investors react to the FDA decision delay of Vivus’s obesity drug. The company has a market cap of 545.24 million. [Read more...]

Market Down Despite Jobless Claims at Four-Year Low, NASDAQ Stocks to Watch

NasdaqStocks are off their early lows but still negative this morning. Worries about China’s economy and the euro zone offset jobless claims hitting a four-year low. China’s manufacturing sector activity fell in March marking the fifth-straight monthly decline. The euro zone’s composite PMI also showed slowing manufacturing activity especially in France and Germany.

Closer to home, the jobs market continues to improve. Weekly jobless claims fell 5,000 last week to a seasonally adjusted 348,000. This is a new four-year low for jobless claims according to the Labor Department. Economists were expecting jobless claims to jump slightly to 354,000.

The major stock indices are down anywhere between 0.3% and 0.5% this morning. The Dow is down 49 points, the Nasdaq is down 9 points and the S&P 500 is down 7 points. [Read more...]

Rising Gas Prices and 6 Hot Stocks to Watch for March 12: JVA, QSFT, SWHC, MCP, VRS, QRM

Wall StreetRising gas prices over the past few weeks would lead you to believe that the recovery could be in danger. What people are missing is the mitigating factor in consumer spending. The winter that never happened. Last year it was Snowpacalypse or Armageddon. Some sort of cataclysmic winter weather even. So utility bills have been kept in check which offsets the rise. The question now is what happens now.

Spring is pretty much upon us along with the summer driving season. If gas prices continue to climb you have to expect some sort of consumer pullback. We saw it in 2008, and it stands to reason it will happen this year. Tensions with Iran and continued growth in the developing world will put constraints on supply leading speculators to juice the price of oil. We should soon find out in the coming weeks when new consumer data releases if the price at the pump is effecting spending. [Read more...]

Hot Stocks This Morning: JVA, QSFT, SWHC, REE, VRS, S

Wall StreetStocks are up this morning thanks to a better than expected government jobs report. The Labor Department announced today that 227,000 jobs were added last month with the unemployment rate holding steady at 8.3%. Economists were expecting a gain of around 210,000 jobs. News out of Greece was positive as well today with participation from bondholders for the credit swap at 85.8% of the country’s debt burden.

All of this positive news has sent the Dow up 60 points, the Nasdaq up 21 points and the S&P 500 up 8 points. [Read more...]

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