Stock Futures Look to Recover Yesterday’s Losses, Stocks to Watch: NOK, BZH, ARNA, PSEC, OCZ, OREX

Wall StreetAfter a negative performance yesterday, the major indices are looking to rebound this morning into the open. All eyes will be on the FOMC minutes slated for release at 2pm EST. While the Fed opted to not go forward with QE3, investors will be looking for hints of possible future stimulus programs contained within the minutes.

A quick snapshot of the futures has the Dow up 29, the Nasdaq essentially flat and the S&P up 2 points.

Europe continues to play the role of possible spoiler in any rally. Spain announced a new round of austerity measures that will surely have people back in the streets. In a bit of this can’t be true but actually is, Berlusconi, former PM of Italy, is hinting at another run of 2013. At least Italy’s party scene will make a comeback. Sign Up For Free Stock Alerts

Asian markets finished their trading day mixed, with Japan and Australia losing ground for the fifth straight session. China rebounded somewhat as did Hong Kong.

In commodities, oil prices continue to trade in the $85 range. Gold prices are giving up some ground in early trading, off $5 per ounce to $1574.80. [Read more...]

NYSE Stocks Down in Early Trading: QTM, AMD, MBI, BPI, BZH, MMR

Traders at the NYSEQuantum Corporation (NYSE:QTM) is down 25.48% today at $1.5650. QTM has traded 4.1 million shares so far today, 4 times its daily average of 1.1 million shares. QTM shares are down today after it issues warning that its first quarter results will miss Street estimates. The company has a market cap of 378.72 million. Sign Up For Free Stock Alerts

Advanced Micro Devices, Inc. (NYSE:AMD) is down 10.85% this morning at $5.01. AMD has traded 55.9 million shares so far today, well above its daily average of 15.8 million shares. AMD shares are down today after they cut their sales outlook because of disappointing sales in China and Europe. The company has a market cap of 3.54 billion. [Read more...]

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