NYSE:GLW

Active Stocks Near Market Close: AMZN, BAC, S, RENN, MS, GLW

January 31, 2012 By Leave a Comment

Stocks are looking to end the day relatively flat as the market has recovered most of its early losses. Banking stocks helped lead the market up from its lows, but some disappointing economic data still weighed on stocks. Despite today’s shaky trading, the Dow and S&P are on track to have their best January since 1997. With about 30 minutes left in the trading day the Dow is down 25 points, the Nasdaq is up 2 points and the S&P is down 1 point.

Amazon.com, Inc. (NASDAQ:AMZN) is up 0.78% in late trading at $193.90. AMZN has traded 7 million shares so far today, a million more than its daily average. Amazon is slated to announce its latest earnings after market close today. The company has a market cap of 87.64 billion. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

Bank of America Corporation (NYSE:BAC) is up 0.84% today at $7.13. BAC is up on light volume today with 179 million shares traded. BAC typically trades 270 million shares a day on average. Bank of America won a $715 million Washington debt sale and included 10 year bonds to yield 1.9%. The company has a market cap of 75.04 billion.

Sprint Nextel Corp. (NYSE:S) is down 1.62% today at $2.123. S has traded nearly 51 million shares today, 15 million shares more than it trades daily. S shares are taking a slight hit today after Radioshack blamed Sprint for its poor earnings forecast. The company has a market cap of 6.37 billion.

Renren Inc. (NYSE:RENN) is down 10.30% this afternoon at $5.65. RENN has traded 34.2 million shares so far today, 7 times its daily average. RENN shares are dropping today following a big run up the past few trading days on the shoulders of Facebook IPO reports. The company has a market cap of 2.21 billion. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

Morgan Stanley (NYSE:MS) is up 2.42% today at $18.65. MS has traded 22.4 million shares so far today and trades 30.3 million shares a day on average. Financial stocks showed strength today and helped the market recover from big losses this morning. The company has a market cap of 35.86 billion.

Corning Inc. (NYSE:GLW) is up 1.98% today at $12.86. GLW has traded 21.5 million shares so far today, above its daily average of 20.8 million shares. GLW are trending slightly higher after falling about $1 last week. The company has a market cap of 19.37 billion.

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Market Turns Positive and Afternoon Movers: FBN, HDSN, NUVA, COOL, ERIC, BLRX, BVSN, GLW

January 25, 2012 By Leave a Comment

The market is turning higher in midday trading after the Fed pledges to not raise interest rates until at least late 2014. Economic conditions “are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014,” the central bank said in a statement. The Federal Reserve still describes the unemployment rate as “elevated” and expects inflation to stay at levels consistent with stable prices. The market reacted favorably to the news with the Dow up 30 points, the Nasdaq up 21 points and the S&P 500 is up 5 points.

Furniture Brands International (NYSE:FBN) is up 17.87% today at $1.7799. FBN has traded 1.3 million shares so far today, more than double its daily average. FBN shares are up more than $0.40 a share since the new year. FBN has earnings coming up at the end of the month. The company has a market cap of 99.34 million. Check out one of the best swing traders on the street.

Hudson Technologies, Inc. (NASDAQ:HDSN) is up 13.09% today at $2.4540. HDSN has traded 624 thousand shares today, way above its daily average of 32 thousand shares. Hudson Technologies reported the issuance of EPA no action assurance letters to HCFC importers and producers. The company has a market cap of 58.61 million.

NuVasive, Inc. (NASDAQ:NUVA) is up 10.29% in afternoon trading at $15.11. NUVA has traded 950 thousand shares so far today, 100 thousand shares more than its daily average. Medtronic is seeking an injunction against NuVasive tomorrow to prevent NuVasive from making or selling medical devices for spinal surgery. In a note to investors, Leerink Swann said Medtronic’s chances of an injunction are low. The company has a market cap of 635.77 million.

Majesco Entertainment Company (NASDAQ:COOL) is up 10.23% at $2.37 this afternoon. COOL has traded nearly 2 million shares so far today, more than double its daily average. COOL shares are bouncing back today after falling about $0.80 last week. The company has a market cap of 93.26 million.

LM Ericsson Telephone Company (NASDAQ:ERIC) is down 15.84% today at $8.61. ERIC has traded 11.6 million shares today, nearly 3 times its daily average volume. ERIC shares are dropping today after its quarterly results came in below Wall Street estimates. The company has a market cap of 27.68 billion. Check out one of the best swing traders on the street.

BioLineRx Ltd. (NASDAQ:BLRX) is down 11.69% this afternoon at $4.9010. BLRX has traded 1.3 million shares so far, more than ten times its daily average. BLRX shares are falling today after the stock shot up more than 100% yesterday on hepatitis C deal. The company has a market cap of 64.89 million.

BroadVision, Inc. (NASDAQ:BVSN) is down 15.42% today at $28.75. BVSN has traded 1.4 million shares so far today, ten times its daily average. BVSN shares have finally started to fall after the stock bounced up more than 200% since the beginning of the month. The company has a market cap of 126.42 million.

Corning Inc. (NYSE:GLW) is down 10.09% today at $13.15. GLW is down on heavy volume with 43.3 million shares traded so far today. GLW shares are down today after fourth quarter profit falls 53%. The company has a market cap of 20.69 billion.

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China Helps Stock Futures Rise With A Cut In Bank Reserve Requirements. Stocks to Watch: AAPL, AMZN, NFLX, SIRI, BAC, GLW, RIMM

November 30, 2011 By Leave a Comment

The news of the day will be China surprising the markets with its first cut in banks’ reserve requirements in nearly three years, moving into easing mode as Beijing looks to soften the country’s economic slowdown. The move proved to a reversal of fortune for investors after a wide-ranging cut in financial sector ratings by Standard & Poor’s added to worries about the fallout of the euro zone’s debt problems as time runs out for policymakers to quiet ongoing debt crisis.

Late on Tuesday, euro zone finance ministers meeting in Belgium agreed to boost the firepower of the regional bailout fund, and Standard & Poor’s downgrade of a number of leading banks fuelled an early sell-off.

Stock futures had fallen earlier after Standard & Poor’s Ratings Services late Tuesday lowered its ratings on more than a dozen global banks, as the ratings company applied its revised criteria to 37 banks in total. Several large U.S. banks, including Bank of America (BAC), J.P. Morgan & Chase (JPM) and Citigroup (C) had their credit ratings lowered
The China move, which lowers the reserve ratio for China’s biggest banks to 21%, will free up cash for small firms crippled by credit market strains. The move came just after Chinese stocks posted their biggest one day slide since August on the belief the Chinese government was not going to ease monetary policy.

Futures on the Dow Jones Industrial Average rose 65 points to 11,630 after trading down around 50 points. The blue-chip Dow index closed up 0.3% on Tuesday, gaining for a second session.

Futures on the Standard & Poor’s 500 stock index gained 8 points to 1,204.5 and Nasdaq 100 futures climbed 17.75 points to 2,230.2.
The euro was little changed at $1.3325. The dollar index, which tracks the performance of the greenback against a basket of other major currencies, edged lower to 78.997, paring its earlier gains.

Stocks to watch today include Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX), Sirius XM Radio Inc. (NASDAQ:SIRI), Bank of America Corp. (NYSE:BAC), Corning Incorporated (NYSE:GLW) and Research in Motion Limited (NASDAQ:RIMM)

Apple Inc. (NASDAQ:AAPL) closed Tuesday down 0.78% at $373.20. AAPL is currently up 1% in pre-market trading at $376.95. AAPL trades on average 17.40 million shares a day. Over the past 5 trading sessions, AAPL stock has traded in the range of $365 to around $375. Apple Inc. has a current market cap of 346.86 billion.

Amazon.com, Inc. (NASDAQ:AMZN) closed Tuesday down 2.97% at $188.39. AMZN is up in pre-market trading at $191.38, a gain of 1.59%. AMZN trades on average 7.29 million shares a day. AMZN started the week off in good shape following better than expected Black Friday holiday sales. Amazon.com has a current market cap of 85.67 billion.

Netflix, Inc. (NASDAQ:NFLX) closed Tuesday down 3.40% at $67.57. NFLX is currently up slightly in pre-market trading at $67.75. On average, NFLX trades 8.86 million shares daily. NFLX had a bit of a sell of yesterday following S&P’s downgrade of the company’s credit rating. Netflix has a current market cap of 3.55 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) closed Tuesday down 2.55% at $1.72. SIRI on average trades 64.15 million shares a day. Besides Monday’s market wide rally, SIRI has been in a slow downtrend the past 5 trading sessions falling from $1.90 to $1.75. Sirius has a current market cap of 6.45 billion.

Bank of America Corp. (NYSE:BAC) closed Tuesday down 3.24% at $5.08. BAC is currently up 1.77% in pre-market trading at $5.17. BAC trades 265.31 million shares a day on average. The company’s shares fell yesterday after S&P downgraded most major financial stocks. Bank of America has a current market cap of 51.49 billion.

Corning Incorporated (NYSE:GLW) closed Tuesday down 10.76% at $13.19. GLW shares fell yesterday after the company downgraded its fourth-quarter outlook. GLW trades 20.75 million shares a day on average. Corning has a current market cap of 20.73 billion.

Research In Motion (NASDAQ:RIMM) closed Tuesday up 5.40% at $17.37. RIMM is up slightly in pre-market trading at $17.40. RIMM trades on average 18.65 million shares a day. The stock has jumped up more than $1 per share in the past two trading sessions. Research In Motion has a current market cap of 9.10 billion.

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Stocks Lose Most Of Their Early Gains as Investors Await Word From EU Ministers

November 29, 2011 By Leave a Comment

The stock market has lost most of its early gains today and the Nasdaq has turned negative in late day trading. Investors are waiting for EU ministers to conclude their meeting on the region’s debt crisis. There’s a lot of rumors going around about how Europe will fix their situation, but there won’t be any concrete information until the EU ministers come out and talk about what they discussed at the meeting.

“It’s still all about Europe, Europe, Europe. There are rumors and hope again that the policy makers in Europe are going to solve their problems, and there’s talk of our Fed stepping in to buy European sovereign debt,” said Nick Raich, director of research at Key Private Bank.

Italy had a successful bond auction today, but there yields were above 7% which according to most economists is unsustainable. While the major indexes got off to a decent start in morning trading, they have since gave up most of those early gains. The Dow is up 47 points, the Nasdaq is down 12 points and the S&P is up 3 points.

Let’s take a look at some stocks posting decent gains as well as stocks posting big losses.

Inhibitex, Inc. (NASDAQ:INHX) is up 21.32% in afternoon trading at $13.83. INHX has traded 7.2 million shares so far today, 4 times its daily average volume. Inhibitex jumped today after the company announced it will be asking the FDA for authorization to expand testing for its drug INX-189. Inhibitex has a current market value of 1.08 billion.

YM Biosciences, Inc. (AMEX:YMI) is up 12.61% in afternoon trading at $1.27. YMI has traded 2.9 million shares so far today, nearly triple its daily average volume. YMI is trending back up after dropping to $1.05 yesterday.

Canadian Solar Inc. (NASDAQ:CSIQ) is up 7.59% in afternoon trading at $2.55. CSIQ has traded 1.2 million shares so far today, 200 thousand more shares than its daily average. Canadian Solar announced it has supplied solar modules for an 8.5 MW power plant in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern. Canadian Solar has a current market cap of 110.99 million.

Savient Pharmaceuticals Inc. (NASDAQ:SVNT) is up 7.49% in afternoon trading at $2.44. SVNT has traded just over a million shares so far and trades on average 1.7 million shares. SVNT is coming off its high of day at $2.49. Savient Pharmaceuticals has a current market cap of 169.17 million.

Radian Group Inc. (NYSE:RDN) is down 14.44% today at $2.0450 in afternoon trading. RDN has traded 6.5 million shares so far today, more than a million shares more than its daily average. RDN started the day off alright but started seeing heavy selling at around 11am that has lasted throughout the day. Radain Group has a current market cap of 272.39 million.

Corning Inc. (NYSE:GLW) is down 12.21% in afternoon trading at $12.98. GLW has traded 55.8 million shares so far today, well above its daily average of 21 million shares. GLW shares fell today after the company cut its fourth-quarter earnings forecast. Corning Inc. has a current market cap of 20.43 billion.

Pacific Ethanol Inc. (NASDAQ:PEIX) is down 10.48% at $1.11 in afternoon trading. PEIX has traded 6.8 million shares so far today, about 600 thousand shares short of its daily average. PEIX has been trending lower the past few trading sessions after it nearly doubled this month. Pacific Ethanol has a current market cap of 84.81 million.

Nokia Corporation (NYSE:NOK) is down 2.76% at $5.45 in afternoon trading. NOK has traded 23.8 million shares so far today, and trades on average 28.5 million shares daily. NOK is continuing its downward trend from last week after it gaped up yesterday along with the rest of the market. Nokia has a current market cap of 20.18 billion.

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Biggest Stock Losers in Early Trading for Nov. 29

November 29, 2011 By Leave a Comment

China Hydroelectric Corporation (NYSE:CHC) is down 50% this morning at $0.70. CHC has traded 758 thousand shares so far today, well above its daily average of just 12 thousand shares.

ChinaCast Education Corporation (NASDAQ:CAST) is down 16.67% this morning at $4.25. CAST has traded 337 thousand shares so far today, about 70 thousand more shares than it trades daily. There are reports of problems with Chincast’s SEC filings. Chinacast has a current market cap of 221.57 million.

Corning Inc. (NYSE:GLW) is down 10.18% at $13.27 this morning. GLW has traded 17 million shares in the first hour of trading and should have no problem passing its daily average volume of 21 million shares. GLW is trading down today after cutting its outlook. Corning Inc. has a current market cap of 20.85 billion.

Gulfport Energy Corp. (NASDAQ:GPOR) is down 8.76% at $28.94 in early trading. GPOR has traded 563 thousand shares so far today, about 350 thousand shares away from passing its daily average. GPOR shares are falling this morning after the company has started an offering of 5 million shares. Gulfport has a current market value of 1.47 billion.

Tiffany & Company (NYSE:TIF) is down 7.66% at $67.81 this morning. TIF has traded 4.7 million shares traded so far today, more than double its daily average. Tiffany fell today after issuing guidance below expectations. Tiffany & Company has a current market cap of 8.63 billion.

Transocean Ltd. (NYSE:RIG) is down 6.92% at $42.79 so far this morning. RIG has traded 5.6 million shares so far this morning, about 1 million shares short of its daily average. RIG fell today after the company plans to issue more than $1 billion in stock. Transocean has a current market cap of 13.73 billion.

Dillard’s Inc. (NYSE:DDS) is down 6.84% at $46.29 so far this morning. DDS has traded 759 thousand shares so far today and trades on average 1 million shares. Dillard’s has a current market cap of 2.42 billion.

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