Stock Futures Steady After Six Session Losing Streak. Stocks to Watch: CSCO, AVP, ALU, TSLA, PANL, RENN, CEDC

Stock FuturesAfter a six session losing streak, stock futures are rebounding this morning on jobless claims numbers and the lack of bad headlines out of Europe. Spain’s bond pressure eased a day after they nationalized their fourth-largest lender. The country is expected to unveil a plan today that would requirement banks to shore up their capital reserves to protect against their own housing collapse.

Dow futures are currently up 43 points. Nasdaq and S&P futures are following the index higher, both up 10 and 9 points respectively.

The big economic data point for US markets today is jobless claims. Printing at 367k it is mostly in line with expectations. Last week’s number was revised up to 368k, so that accounts for the 1k drop in claims. The 4 week rolling average dropped 5k to 379k.

In Europe, the markets are stabilizing after a week of turbulent trading. Most analysts think Greece is heading for a fresh round of elections in June, as none of the parties can find enough seats to form a ruling coalition. This puts the next bailout payment in jeopardy as EU countries may be unwilling to continue their support to a country without a functioning national government.

In commodities oil prices are rebounding on the macro data. After slipping below the $00 per barrel mark, Nymex crude futures are up 33 cents to $97.14. [Read more...]

After Hours Winners & Losers for May 9: MNST, TSLA, NWSA, PCS, SGI, WFR, GEN

Wall StreetMonster Beverage Corporation (NASDAQ:MNST) is up 13.29% in after hours trading at $73.99. MNST shares are rallying right now as the company reports record first quarter profits. Gross sales jumped nearly 27% in the first quarter to $517.3 million, while net sales jumped 27.5% to $454.6 million. Net income rose 38.3% to $76.1 million versus $55 million a year ago. The company has a market cap of 11.38 billion.

Tesla Motors, Inc. (NASDAQ:TSLA) is up 8.12% in after hours trading at $32.50. TSLA cloesd normal trading down 0.43% with 1.7 million shares traded. Tesla announced first quarter results after the close today. Results missed estimates, but shares rose as the company moves the launch of new sedan up. The company has a market cap of 3.14 billion. [Read more...]

After Hours Trading Report for May 8

Wall StreetApollo Global Management, LLC (NYSE:APO) is up 1.64% in after hours trading at $13.05. APO traded 621 thousand shares during regular trading hours as it finished up 5.33% at $12.85. Apollo Global Management announced first quarter results after market close today and beat expectations. The company saw earnings rise 23% in the first quarter. The company has a market cap of 1.62 billion.

Mitek Systems Inc. (NASDAQ:MITK) is up 4.17% this afternoon at $2.75. MITK traded 865 thousand shares during normal trading today as the stock closed down 0.38% at $2.64. MITK shares have dropped more than 50% over the past five days on poor earnings. [Read more...]

6 Nasdaq Stocks Dipping Alongside the Market: KERX, SNDK, CBLI, TSLA, SCEI, SMSI

A list of NASDAQ stocksKeryx Biopharmaceuticals Inc. (NASDAQ:KERX) is down 9.14% this morning at $1.3901. KERX has traded 4.4 million shares so far today, close to double its average volume. KERX shares continue to fall after a failed drug trial sent the stock down more than 50% on Monday. The company has a market cap of 98.72 million.

SanDisk Corp. (NASDAQ:SNDK) is down 9.47% today at $45.31. SNDK has traded 16 million shares in early trading, well above its daily average of 5.4 million shares. SNDK shares are slipping today after first quarter sales miss estimates on due to soft demand. The company has a market cap of 11.01 billion. [Read more...]

After Hours Winners and Losers: NTAP, TSLA, GMCR, HDY, HBI, SKX

NetApp, Inc. (NASDAQ:NTAP) is up 8.05% in after hours trading at $43.09. NTAP closed the day up about 2% at $39.88 with 11.8 million shares traded. NetApp announced third quarter results after market close today. Results were in-line with estimates. The company reported revenue of $1.566 with non-GAAP profits of $0.58. Wall Street was expecting revenue of $1.56 billion with profits of $0.58 per share. For the next quarter, NetApp is expecting revenue of $1.645 billion to $1.68 billion with non-GAAP profits of $0.60 to $0.65 per share. The company has a market cap of 14.30 billion.

Tesla Motors, Inc. (NASDAQ:TSLA) is up 1.64% in after hours trading at $34.15. Tesla announced fourth quarter results a short time ago. Tesla reported a loss of $0.69 per share, analysts were expecting a loss of $0.63 per share. Revenue was $39.4 million, beating estimates of $38.45 million. Tesla is expecting fiscal year 2012 revenue of $550-$600 million, ahead of estimates of $521 million. The company has a market cap of 3.50 billion. [Read more...]

Futures Up As Chinese Data Surprises. Stocks to Watch: TSLA, FRO, NOK, AAPL, C, BAC, VQ

Wall Street is looking at a triple digit rally on the Dow as economic data from China surprised to the upside. Currently Dow futures are up 119 points to 12,509. Nasdaq 100 futures are following the upside trend, adding 26 points to 2,399.50. The S&P 500 futures are rounding out the gains, up 12 points to 1,300.90.

Instead of Europe being the driving force behind market action, China is the catalyst today. Overnight they released their 4th quarter GDP numbers showing growth at 8.9%. This beat consensus expectations of 8.7%. The country did experience a slowdown overall for the year, with growth dropping to 9.2% from 10.4% the year earlier. Analysts say the China is in for a steady slowdown rather than the feared hard-landing.

Earnings season in the US is in full-swing this week as a couple major banks are expected to report results before the bell. Both Citigroup and Wells Fargo are set to release their quarterly results before the market session begins.

JPMorgan Chases and Co. reported on Friday a major drop in 4th quarter earnings. This will likely keep expectations in check this week as other banks report. Goldman Sachs and Bank of America are also slated to report this week.

Europe is following on the heels of the China with major indexes rallying across the board. The banking heavy Stoxx 600 Europe index is up nearly a percent while the UK’s FTSE 100 is adding .75%. The German Dax is leading the major indexes, up 1.74% in intra-day trading.

In commodity news a report came out over the weekend that the Saudis were targeting $100 a barrel oil. Highlighting increased expenditures by the government, the Saudis believe that the global recovery is fully underway and demand will support the prce. Said another way, the Arab Spring is expensive to keep at arm’s length in their country and they need all the oil profit they can get to quell a restless population.

Stocks to watch today include Tesla Motors Inc. (NASDAQ:TSLA), Frontline Ltd. (NYSE:FRO), Nokia Corporation (NYSE:NOK), Apple Inc. (NASDAQ:AAPL), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC) and Venoco, Inc. (NYSE:VQ)

Tesla Motors, Inc. (NASDAQ:TSLA) is up 14.09% in pre market trading at $26.00. TSLA shares are bouncing back in pre market today following a big dip on Friday after key engineers left the company. Shares of TSLA fell close to $6 in the last hour of trading on Friday. TSLA has traded 17 thousand shares this morning and trades 1.1 million shares a day on average. The company has a market cap of 2.38 billion.

Frontline Ltd. (NYSE:FRO) is up 10.63% in pre market today at $5.10. Not a lot of recent news on FRO but it has been in an overall uptrend for more than a month now. The stock lost more than 50% of its value back in late November when it fell from around $6.50 to less than $3 following poor quarterly results. Since then it has recouped much of those losses. FRO trades 2.6 million shares a day on average and has a market cap of 358.93 million.

Nokia Corporation (NYSE:NOK) is up 6.91% in pre market trading at $5.57. NOK shares are up this morning following reports yesterday the company may be close to naming a new chairman. NOK trades 30 million shares a day on average and has a market cap of 19.33 billion.

Apple Inc. (NASDAQ:AAPL) is up slightly in pre market trading at $423.00. AAPL shares have rallied more than $50 a share since late November. Apple has earnings coming up later this month on Jan. 24. AAPL trades just over 14 million shares a day on average and has a market cap of 390.17 billion.

Citigroup, Inc. (NYSE:C) is down 2.67% this morning at $29.90. Earnings are due from Citigroup this morning. C trades 56.2 million shares a day on average and has a market cap of 89.87 billion.

Bank of America Corp (NYSE:BAC) is up 1.06% in pre market trading at $6.68. BAC is up as the market is set to open higher on economic news out of China. BAC is up more than $1.50 since mid December when it was briefly trading below $5. BAC trades 269 million shares a day on average and has a market cap of 67 billion.

Venoco, Inc. (NYSE:VQ) is up more than 50% this morning at $11.50. VQ shares are up today after the CEO of the company to acquire company for $12.50 a share. VQ trades 328 thousand shares a day on average and will more than likely eclipse that today. The company has a market cap of 451.91 million.

Biggest Losers In Early Trading: THQI, TSLA, FRO, MNI, DEXO, HIG

Stocks continue to head lower this morning as investors are starting to feel more uncertain about anything getting done at the EU summit later this week. Economists were hoping for a large scale government bond purchasing program, but the ECB shot that down this morning. If Europe doesn’t get something concrete done in the next few days, we could see a big sell off. Each of the major indices is down more than 0.5% right now.

The overall market isn’t the only loser today. Here’s six stocks in the red in morning trading.

THQ Inc. (NASDAQ:THQI) is down 28.77% this morning at $1.04. THQI has traded 4.8 million shares so far today, more than 4 times its daily average. THQ is down today after the company lowered its revenue outlook for the third quarter by 25%. The company blames poor sales of its uDraw game tablet on the Xbox 360 and PS3. It will be also interesting to see how sales of Saints Row 3 fared. The company has a market cap of 71.12 million.

Tesla Motors, Inc. (NASDAQ:TSLA) is down 12.75% this morning at $29.81. TSLA has already traded more volume than its daily average with 1.2 million shares traded. Telsa is taking a hit today after Morgan Stanley reduced their price target by 37% to $44. Tesla has a market cap of 3.17 billion.

Frontline Ltd. (NYSE:FRO) is down 10.33% this morning at $3.30. FRO has traded 1.5 million shares so far today and trades 2.8 million shares a day on average. Frontline has been heading south since it released news of its restructuring. The company has a market cap of 255.37 million.

The McClatchy Company (NYSE:MNI) is down 11.52% at $1.69. MNI has traded 1.3 million shares so far today, already above its daily average of 906 thousand shares. MNI is dipping a little bit today after it rose from $1.20 to $1.80 yesterday. The company has a market cap of 148.34 million.

Dex One Corporation (NYSE:DEXO) is down 5.81% at $1.46 in early trading. DEXO has traded 527 thousand shares so far today and trades 1.1 million shares a day on average. DEXO has fallen nearly $0.40 a share since Monday. Dex One has a market cap of 72.84 million.

Hartford Financial Services Group Inc. (NYSE:HIG) is down 6.35% this morning at $17.52. HIG has traded 3.6 million shares this morning and trades 9 million shares a day on average. Financial stocks are following the overall market lower today as investors worry about the European debt crisis. The company has a market cap of 7.84 billion.

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