After Hours Trading Report for April 18

Wall StreetThe market sell off intensified in the last half hour of trading as eurozone concerns rule over the market again. Investors continue to be disappointed as central bank officials are not supportive of another round of QE. The latest officials to be against come from the minutes out of the Bank of England. Out of all the officials on the Monetary Policy Committee, only one supports another round of quantitative easing.

The Dow ended the day down more than 80 points, the Nasdaq fell 11 points and the S&P 500 dropped 5 points. [Read more...]

Market Turns Negative On Housing Data, NYSE Stocks to Watch

The NYSE BullStocks have turned negative in late morning trading as housing data disappoints. The Nasdaq is trading positive right now, but was negative earlier today. Existing home sales fell about 1% in February after seeing a more than 5% gain in January. Inventories also rose last month, causing further worries about the ongoing housing recovery.

All eyes will be on jobless claims tomorrow as a string of negative economic data points could cause the market to being its long awaited pull back.

As of 11:38am the Dow is down 33 points, the Nasdaq is up 5 points and the S&P 500 is down 1 point. [Read more...]

Active Stocks At Midday: ZNGA, CX, SD, GMCR, DVAX, ATVI

The market continues to trade mixed in midday trading. A positive jobs report sent stocks slightly higher this morning, but soon retreated after mixed earnings and Ben Bernanke’s remarks. Ben Bernanke told law makers earlier today that the economic recovery is “frustratingly slow.” He also urged law makers not to cut spending in policies that could help strengthen the economy. The Dow is down 18 points, the Nasdaq is up 7 points and the S&P is up 1 point.

Zynga Inc. (NASDAQ:ZNGA) is up 15.19% today at $12.21. ZNGA is continuing its rally over the past week or so as Facebook’s IPO filing is sending numerous companies in that sector up. Zynga’s success is directly tied into Facebook’s success. ZNGA is up on extremely large volume with nearly 40 million shares traded. The stock trades 10 million shares a day on average. The company has a market cap of 8.50 billion.

Cemex, S.A.B. (NYSE:CX) is up 6.75% in midday trading at $7.58. CX has traded 31.8 million shares so far today, more than double its daily average. CX shares are up today after the company announced fourth quarter results. CX saw consolidated net sales increase by 6% in the fourth quarter to $3.7 billion and increased 8 for the full year. The company has a market cap of 7.93 billion.

Sandridge Energy Inc. (NYSE:SD) is down 10.22% today at $7.03. SD has traded 50.1 million shares today, five times its daily average. SD was downgraded today by multiple analysts. Tudor Picering downgraded the stock to hold from accumulate and Howard Weil downgraded to market perform from market outperform. Sandridge also announced the purchase of Dynamic Offshore for $1.27 billion yesterday. The company has a market cap of 2.82 billion.

Green Mountain Coffee Roasters, Inc. (NASDAQ:GMCR) is up 22.02% in midday trading at $65.44. GMCR is rallying today after crushing analysts’ estimates for first quarter results. Revenue more than doubled to $1.16 billion and net income rose to $104 million. First quarter adjusted EPS was $0.60 compared to the consensus of $0.36. GMCR has traded 18.2 million shares so far today, well above its daily average of 7.2 million shares. The company has a market cap of 10.12 billion.

Dynavax Technologies Corporation (NASDAQ:DVAX) is up 8.91% today at $4.01. DVAX has traded 7.3 million shares today, more than 5 times its daily average. DVAX shares are up today after it reported on Heplisav Pre-BLA meeting with FDA. The company has a market cap of 513.57 million.

Activision Blizzard, Inc. (NASDAQ:ATVI) is down 0.74% in midday trading at $12.08. ATVI has traded 7 million shares so far today and trades 10.6 million shares a day on average. One of Activision’s biggest competitors, Electronic Arts, released their earnings yesterday. EA saw its Star Wars title perform very well with 2 million copies sold. Activision will announce their earnings on February 9. The company has a market cap of 13.80 billion.

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