Biggest Losers in Pre Market for June 11: CNC, TVIX, SKUL, MOH, DMND

Traders at the NYSECentene Corp. (NYSE:CNC) is down 30.22% in pre market trading at $24.95. CNC has traded 28 thousand shares this morning and averages 1 million shares a day. CNC shares are tumbling after the company sees a second quarter loss and cuts its 2012 outlook. The company has a market cap of 1.83 billion. Sign Up For Free Stock Alerts

VelocityShares Daily 2x Vix (NYSEARCA:TVIX) is down 6.47% today at $6.79. TVIX has traded 187 thousand shares this morning and averages 13.1 million shares daily. TVIX shares were above $10 early last week as the stock market was tumbling. During the most recent rally, TVIX has fallen about 40%. [Read more...]

Stock Futures Can’t Shake Negativity, Stocks to Watch

Stock FuturesStocks are hovering just inside negative territory this morning as investors have seemed content to press pause on the rally. Analysts have been warning for days about the overbought conditions and it looks like the advice has been taken. Dow futures are currently down 27 points to 12,974. Nasdaq 100 futures are off fractionally to 2,731. The S&P 500 futures are rounding out the pre-market losses, down 1.75 points to 1,387.25.

The major economic data point today will be new home sales data set for release at 10am EST. Expectations are for a rise to 330k, up from 321k in January. The housing data all week has been a mixed bag at best. The only piece of good news was that permits rose while all the other points were misses.

Overseas the markets have mostly been negative. European markets are finishing the week in the red as concerns mount over a new recession EU wide. In China, the acceleration the contracting PMI has reignited fears of a hard landing.

Speaking in Hong Kong, the St. Louis Fed Chairman said that if the economy keeps improving the need for more easing will not be there. That is sure to rattle investors who have been on a constant drip of Fed stimulus since the 2008 crisis.

In commodities oil seems to like its position above $100 per barrel. Nymex crude futures are up over 30 cents to $105.66. Gold prices are trying to continue their recovery after a dismal month. Gold futures are up nearly $7 to $1,649.30 per ounce. [Read more...]

Five Morning Gainers Moving Five Percent or More: KITD, TVIX, GTIV, PANL, SODA

Markets are getting hammered today as stocks fall amid the European debt crisis. This time its Italy causing problems. European stock markets collapsed after Italian bond margin hike and caused U.S. stock futures to plummet. The major U.S. indexes are all down more than 2.5% right now.

There are a few stocks bucking the trend this morning and posting decent gains.

KIT digital, Inc. (NASDAQ:KITD) is up $2.38 at $10.75 this morning, a gain of 28.59%. The company reported record third quarter results this morning. Revenue was up 29% to a record $62.3 million. GAPP net income EPS of $0.11 compared to net losses in previous quarters. KITD has traded 2.5 million shares this morning, 5 times its daily average volume. The company has a current market cap of 464.61 million.

VelocityShares Daily 2x VIX Short Term ETN (NYSEARCA:TVIX) is up 17% at $54.23. TVIX is a stock that trades according to the VIX and tries to double whatever the current VIX reading is. Basically as the market goes down, this stock goes up and vice versa. TVIX has traded over 1.4 million shares this morning, and is on pace to trade relatively average volume today.

Gentiva Health Services Inc. (NASDAQ:GTIV) is up $0.78 at $5.33, a gain of 17% this morning. GTIV has traded 577 thousand shares so far today, about 300 thousand less than its daily average. The stock has traded up every day this week, moving from $3.60 to over $5. The company has a current market cap of 153.65 million.

Universal Display Corp. (NASDAQ:PANL) is up 6.57% this morning at $52.69. PANL announced third quarter profits late yesterday. The company reported a profit of $6 million, or $0.12 cents per share on rising sales. PANL stock has traded 2.4 million shares this morning, 100 thousand higher than its daily average already. The company has a current market cap of 2.43 billion.

SodaStream International Ltd. (NASDAQ:SODA) is up $1.92 at $36.03, a gain of over 5%. SODA is moving up today ahead of their earnings report which is expected sometime today. SODA stock has traded 4 million shares so far today, already double its daily average volume. The company has a current market cap of 710.40 million.

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