Stock Futures Gap on Jobs Numbers. Stocks to Watch: VRML, RENN, SBUX, MCP, GMCR, FRO, SIRI

Stock FuturesAdd another feather in the cap for the recovery. In February, the US economy added 227k jobs. Then unemployment remained unchanged as more people reentered the workforce in search of jobs. Dow futures are currently up 83 points to 12,855. Nasdaq 100 futures are up 31.50 to 2,635. The S&P 500 futures are rounding out the Friday gains, up 14.25 points to 1,361.

The past three months of job growth has been the fastest since 2006. This is a huge boost to the psyche of the recovery, and to the President’s reelection campaign. Trade gap data with China also showed a trade gap of over 25 billion dollars.

Job gains for January were also revised higher, from 243k to 284k. This was the biggest one-month total since the recession ended.

One takeaway from this. Any expectations of QE3 just got shoved out of the window. The catalyst for that will have to be severe now. [Read more...]

Active Penny Stocks to Watch for March 8

penny stocksThe markets rebounded today on the back of positive payroll data. The ADP report came out saying there was an increase of over 260l jobs in February. What the translates to the unemployment rate will be revealed on Friday. The rally domestically is having a carryover effect in Asia. Asian markets are all advancing on the back of the US rally along with optimism over the Greek debt-swap. It remains to be seen if this will give the markets some clear direction in which way to head.

Penny Stocks to Watch

Discovery Laboratories, Inc. (NASDAQ:DSCO) closed the day up 8.80% today at $4.08. DSCO traded 25.8 million shares today, well above its daily average of about 1 million shares. DSCO shares rallied today after the company’s drug, Surfaxin, was approved by the FDA. The company has a market cap of 99.96 million. [Read more...]

Midday Movers: VRML, KERX, SYNM, GCA, VLO, HDY

NYSE stocksVermillion, Inc. (NASDAQ:VRML) is down 28% in midday trading at $2.16. VRML is tumbling on heavy volume today with 4.2 million shares traded so far today. The stock trades 293 thousand shares a day on average. VRML shares are slipping today after they rallied more than 100% yesterday following news of Category 1 CPT code approval for OVA1. Vermillion was also downgraded by Ladenburg Thalmann today sell from neutral. The company has a market cap of 31.79 million.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is down 9.20% today at $3.98. KERX has traded 3.3 million shares so far today, about double its daily average volume. KERX shares are continuing their drop from yesterday and have fallen more than $1 in the past two days. The company has a market cap of 276.99 million. [Read more...]

Penny Stocks on the Move – BFLX, IRYS, VRML, XOMA, ALIM

penny stocks
The market is taking it on the chin this morning. News out out of China and Europe is rattling the market. The past few weeks, the drifting of the market has set up days like this. With no direction higher, gravity inevitably takes over. We are seeing that today with the Dow shedding 150 points. Penny stock volatility of course remains the same with a new pump and a new promoter entering the fray with a spectacular failure. [Read more...]

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