Hot Stocks to Watch: EGLE, THTI, CACI, WPRT, ZLCS, MDR

Wall Street signAfter a multi-day winning streak, the market is turning to the Fed to keep the rally going. His congressional testimony today will be closely watched. In prepared remarks, he has already stated that the Fed stands ready to act on any economic deterioration. The rest was his normal vague nuanced speech. If investors were hoping for the big QE reveal, lets just say they didn’t get it. Sign Up For Free Stock Alerts

Europe has returned to their rumor mill ways. The first was that Merkel was open to supporting Euro bonds, which was later denied. Spain’s bond auction was deemed a success thanks to heavy demand, but borrowing costs continue to be at unsustainable levels.

Those looking for actual easing policies versus vague hints or rumors can thank China. The PBOC cut rates overnight by 25 bps for lending and deposits. This helped spark the early rally on the street.

A quick look at the market has the three major indices well off their session highs. The Dow is up 79, the Nasdaq 6 and the S&P 6. [Read more...]

Pre-Market Winners for June 5: GNOM, AMLN, WPRT, JRCC, CLNE

Wall StreetComplete Genomics, Inc. (NASDAQ:GNOM) is up 11.76% this morning at $2.28. GNOM has traded 26 thousand shares in pre market and trades 1.79 million shares a day on average. Complete Genomics announced this morning it is cutting jobs and reviewing its strategic alternatives. The company has a market cap of 69.13 million.

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) is up 3% in pre market trading at $27.43. AMLN has traded 30 thousand shares so far today and averages 4.6 million shares daily. Reports have come out that Amylin Pharmaceuticals attracted offers valuing the company at $25 to $29 and are preparing for another round of bidding. The company has a market cap of 4.34 billion. [Read more...]

6 NASDAQ Stocks Faltering This Morning: ACHN, GNTX, SVVC, TZOO, WPRT, USAT

NASDAQ Screen at Times SquareAchillion Pharmaceuticals, Inc. (NASDAQ:ACHN) is down 15.79% today at $8.00. ACHN has traded 4.3 million shares so far today, way above its daily average of 1.3 million shares. ACHN shares opened at $7.63 this morning and dove to $7.17, but has since bounced as Wells Fargo says weakness in the company in an overreaction. The company has a market cap of 565.24 million.

Gentex Corp. (NASDAQ:GNTX) is down 15.22% this morning at $21.54. GNTX has traded nearly 5 million shares in early trading, way above its daily average of 1.8 million shares. Gentex is getting hammered today after they missed expectations on revenue for their latest quarterly earnings. The company has a market cap of 3.12 billion. [Read more...]

NASDAQ Stocks Falling in Early Trading: PCO, HALO, SPRD, CNIT, WPRT, MAT

Nasdaq StocksPendrell Corporation (NASDAQ:PCO) is down 47% in early trading at $1.15. PCO has traded 8.9 million shares already today, 20 times its daily average. PCO shares are tumbling after a court overthrows the company’s win over Boeing. The company has a market cap of 288.99 million.

Halozyme Therapeutics, Inc. (NASDAQ:HALO) is down 25.02% this morning at $8.45. HALO has traded 5.6 million shares so far today, 5 times its average volume. HALO shares are falling after the FDA demands more data before making a decision. The company has a market cap of 879.91 million. [Read more...]

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