Market Recovering Slightly in Late-Morning Trading, NYSE Stocks to Watch

Floor of the New York Stock ExchangeStocks have come up off their lows in late morning trading, but are still lower on the day. China’s economic outlook is keeping investors at bay today. Bank of America (NYSE:BAC) is rallying this morning in an unusual move against the market after the bank said it has no intention of introducing additional equity in a secondary offering, contrary to recent rumors. BAC shares are currently up 4.51% at $9.96.

Approaching midday, the Dow is down about 70 points, the Nasdaq is down 18 points and the S&P 500 is down 6 points.

NYSE Stocks to Watch

Tiffany & Co. (NYSE:TIF) is up 6.79% today at $73.35. TIF has traded heavy volume already today with 5.1 million shares traded, more than double its daily average. TIF shares are climbing today after issuing a strong forecast for 2012. Tiffany did post a slight drop in fourth quarter earnings, but investors ignored that in favor of its forecast. The company has a market cap of 9.30 billion. [Read more...]

Stocks to Watch in Afternoon Trading: FSS, RBCN, FXCM, FRAN, AVII, RDN, STI

Wall Street signThe stock market is turning lower this afternoon one day after a market wide rally sent the major indices up more than 1%. The choppy trading is mostly due to the lack of a catalyst to send it one way or the other. Economic data is fairly light today, so no respite there. The stress test results yesterday afternoon have already been digested and the market seems to have moved on.

Enter Goldman Sachs. You can tell the street is bored when all anyone talks about is an op-ed in the NYTimes. A former exec penned an op-ed in which he scathingly critiqued the people and the culture of Goldman Sachs. Pretty sure we saw this with the Matt Taibbi piece but hey, nice to have a confirmation.

Here’s where the major indexes stand at this time: The Dow is up 8 points , the Nasdaq is down 3 and the S&P 500 is off 3 points. [Read more...]

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