Stocks Struggle to Hold Gains This Morning, Stocks to Watch: CLWR, YONG, CUR, EDU, DNKN, AEGR

Stocks opened higher today thanks to a gain in retail sales last month and better than expected earnings from Citigroup. Retail sales jumped 1.1% in September according to the Commerce Department. Not all economic news was good though after a measurement of manufacturing in New York fell to -6.16, the third straight month of contraction. Economists were expecting a reading of -4.55.

Citigroup saw its profit fall in the third quarter, but still posted earnings that beat expectations. The bank reported earnings of $1.06 per share and revenue of $19.4 billion. Analysts were expecting earnings of $0.96 a share with $18.71 billion in revenue.

The major stock averages are barely positive this morning with the Dow up 3 points, the Nasdaq up 2 points and the S&P 500 up 1 point. [Read more...]

NASDAQ Stocks Slipping In Early Trading: FLML, VRA, YONG, GALE, KITD, PSUN

NASDAQ Screen at Times SquareFlamel Technologies S.A. (NASDAQ:FLML) is trading down 18.12% today at $6.28. FLML has traded 512 thousand shares so far today, well above its daily average of 157 thousand shares. Flamel Technologies announced acquistion of Eclat Pharmaceuticals late yesterday. The company has a market cap of 153.66 million.

Vera Bradley, Inc. (NASDAQ:VRA) is down 9.32% this morning at $33.68. VRA has traded 2.7 million shares so far today, more than 4 times its average volume. Vera Bradley announced fourth quarter earnings increased 41% thanks to surging sales. Shares of the company are down though due to a cautious forecast. The company has a market cap of 1.36 billion. [Read more...]

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