NYSE:AA

Stocks to Watch: OMER, EGY, SNSS, JPM, BPZ, AA,

Investors at the NYSEAfter hours trading is being dominated by the release of banking stress tests conducted by the Fed. Out of the 19 big banks, 4 failed to meet the capital requirements set forth in the test. Among the 4 banks with failing grades was Citigroup Inc (NYSE:C). Citi maintains the reason for its failure was due to its capital-return plan it had already put in place. Regulators said that the company could continue to pay its scheduled dividend.

The goal of the exercise was to judge whether or not financial institutions could withstand a shock similar to the 2008 financial crisis. A passing grade would be to those that would not require capital injections from taxpayers. In the scenario, the 19 banks would incur over 500 billion dollars in losses.

Metlife (NYSE:MET) also failed the stress test under what was deemed a total capital ration. They had 6% while the Fed wanted to see 8%. The company had been asking for approval of a $2 billion stock buy-back plan along with a dividend increase to $1.10 from 74 cents annually.

Those banks that passed the test immediately started to announce dividend increases, including JPMorgan. [Read more...]

Afternoon Movers Heading Into Close: PWAV, AA, F, MGM, CHTP, LCC

Wall StreetPowerwave Technologies, Inc. (NASDAQ:PWAV) is up 24.84% in afternoon trading at $1.4107. PWAV is up on heavy volume today with 2.3 million shares traded, well above its daily average of 609 thousand shares traded. PWAV shares are bouncing back today after the stock fell from $1.60 to $1.10 over the past week following fourth quarter results. The company has a market cap of 43.72 million.

Alcoa Inc. (NYSE:AA) is up 2.36% today at $10.39. AA has traded 22.3 million shares so far today and trades 28.3 million shares a day on average. AA shares are up about $1 on the year. The company has a market cap of 11.07 billion. [Read more...]

End of Day Movers: DRL, NFLX, DEXO, MSFT, AA, YHOO, MU, EBAY

Doral Financial Corp. (NYSE:DRL) is up 14.56% this afternoon at $1.18. DRL has traded 909 thousand shares so far today, above its daily average of 871 thousand shares. DRL has jumped more than $0.30 since Friday. The company has a market cap of 150.08 million.

Netflix, Inc. (NASDAQ:NFLX) is up 11.49% at $80.04 today. NFLX is up on heavy volume with 11.4 million shares so far today, 3 million shares more than its daily average. NFLX is up today after it released streaming data. Users in 45 countries watched more than 2 billion hours of TV shows and movies in the fourth quarter of 2011. The company has a market cap of 4.21 billion.

Dex One Corporation (NYSE:DEXO) is up 11.70% in late day trading at $1.91. DEXO has traded 2.7 million shares so far today, more than million more shares than it averages daily. DEXO is up nearly $0.60 since last Wednesday. The company has a market cap of 96.95 million.

Microsoft Corporation (NASDAQ:MSFT) is up 2.24% this afternoon at $27.36. MSFT is up on above average volume with 68.7 million shares traded today. MSFT is up about $1.50 a share over the past two days. The company has a market cap of 230.20 billion.

Alcoa, Inc. (NYSE:AA) is up 2.60% today at $9.47 AA has traded 36.1 million shares so far today, 2 million more shares than it trades on average. AA will announced their latest earnings on January 9. The company has a market cap of 10.11 billion.

Yahoo! Inc. (NASDAQ:YHOO) is down 3.04% in late day trading at $15.78. YHOO has traded 28.2 million shares so far today after announcing Scott Thompson as the company’s new CEO. Investors didn’t react kindly to the news as YHOO stock quickly went down shortly after market open. The company has a market cap of 19.57 billion.

Micron Technology Inc. (NASDAQ:MU) is up 3.70% in afternoon trading at $7.01. MU has traded 35.2 million shares today, above its daily average volume of 31.9 million shares. MU is up about $0.70 a share over the past two trading days. The company has a market cap of 6.88 billion.

eBay Inc. (NASDAQ:EBAY) is down 3.80% today at $30.15. EBAY is down on heavy volume with 27.8 million shares traded, nearly triple the stock’s average volume. EBAY fell today after news Scott Thompson, president of its PayPal business, was leaving to become Yahoo!’s CEO. The company has a market cap of 38.77 billion.

Stock Index Futures Fall Today as Stocks Face Worst Week in Two Months. Stocks to Watch: NFLX, AAPL, MS, INTC, BAC, SIRI, AA

Stocks are facing their worst week in two months and their second consecutive week of losses as investors are worried about global growth, along with Europe’s debt crisis and the ensuing contagion creeping throughout the euro zone.

S&P 500 futures fell 7.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 72 points, and Nasdaq 100 futures sank 14.50 points. U.S. stock markets were closed for the Thanksgiving holiday on Thursday and will be open on Friday until 1 p.m. Usually this day is the lightest volume day of the year.

The Dow has shed 539 points in three trading days. The broad S&P 500 is on a six-day losing streak, sliding 7.6% over the period.

European blue chips fell 0.76%, while the euro fell 0.76% to $1.324. The English FTSE 100 slid 0.38% to 5,108 and the German DAX dipped 0.41% to 5,406.

Italy was forced to pay an average yield of 6.5% on a roughly $10.7 billion auction of six-year bonds, far higher than the 3.5% it paid at its October auction, signaling a much higher risk premium. As a result, the yields on its 10-year bond moved even higher above the 7% level. While the 7% mark does not have any technical significance, it is symbolically important because countries like Greece needed bailouts around that level.

In Asia, the Japanese Nikkei 225 edged lower by 0.06% to 8,160 and the Chinese Hang Seng tumbled 1.4% to 17,689.

The benchmark crude oil contract traded in New York fell 99 cents, or 1%, to $95.46 a barrel. Wholesale RBOB gasoline slipped 1 cent, or 0.58%, to $2.50 a gallon.

In metals, gold dropped $15.00, or 0.84%, to $1,685 a troy ounce. The yield on U.S. government debt ticked higher. The benchmark 10-year note yields 1.939% from 1.883%.

Stocks to watch today include Netflix, Inc. (NASDAQ:NFLX), Apple Inc. (NASDAQ:AAPL), Morgan Stanley (NYSE:MS), Intel Corporation (NASDAQ:INTC), Bank of America Corporation (NYSE:BAC), Sirius XM Radio Inc. (NASDAQ:SIRI) and Alcoa Inc. (NYSE:AA).

Netflix, Inc. (NASDAQ:NFLX) is down 0.98% at $67.83 in pre-market trading today. NFLX trades on average 8.97 million shares a day. Over the past 5 trading sessions, NFLX has been trading lower falling from $80 to less than $70 in that time period. The company has a current market cap of 3.60 billion.

Apple Inc. (NASDAQ:AAPL) is down 0.27% at $366 in pre-market trading. AAPL has traded 9.5 thousand shares as of 8:22 am EST and trades 17.88 million shares on average daily. The past 5 trading sessions has seen AAPL fall from $385 to less than $370. The company has a current market cap of 341.08 billion.

Morgan Stanley (NYSE:MS) is down 0.61% in pre-market trading at $12.95. MS trades about 35.54 million shares on average a day. MS has fallen from $15 a share to less than $13 over the past 5 trading sessions. The company has a current market cap of 25.11 billion.

Intel Corporation (NASDAQ:INTC) is down 0.66% at $22.55 in pre-market trading. INTC has fallen more than $3 in the past 5 days of trading. The stock trades on average 65.43 million shares a day. The company has a current market cap of 115.59 billion.

Bank of America Corp (NYSE:BAC) is down 0.29% at $5.12 in pre-market trading. BAC trades 264.28 million shares a day on average. The stock has fallen nearly $1 in the past 5 trading sessions. The company has a current market cap of 52.1 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is down 0.57% at $1.73 in pre-market trading. SIRI trades on average 66.03 million shares a day. Over the past 5 trading sessions, SIRI is nearly unchanged after hitting a high of over $1.90 on Tuesday before falling back down to $1.74 on Wednesday. The company has a current market cap of 6.53 billion.

Alcoa Inc. (NYSE:AA) is down 0.11% at $8.87 in pre-market trading. AA trades 36.88 million shares a day on average. The stock has fallen more than a dollar since last Thursday. The company has a current market cap of 9.45 billion.

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