NYSE:ING

A Bearish Return? Stock Futures Lower, Stocks to Watch: POZN, DISH, SEED, AMRN, ING, SIRI, NOK

March 22, 2012 By Leave a Comment

Stock FuturesOvernight manufacturing data out of China is causing investors to take a step back assess the currently rally. Analysts are coming out saying that the Dow remains in overbought territory and there is now a downside risk. Dow futures are currently down 69 points to 12,997. Nasdaq 100 futures are down over 14 points to 2,721. The S&P 500 futures are down 8.75 points to 1,388.75.

Jobless claims continue to fall. This week’s reading came in at 348k. Claims from last week were revised up from 351k to 353k. Continuing claims dropped by 9k as people rolled off the extended unemployment benefit. The number represents the lowest level since February of 2008.

Domestic market pressure is definitely coming from overseas this morning. Last night’s Chinese manufacturing number not only showed a contraction, but acceleration of the contraction. New orders slowed to a 4-month low.

China was not the only area for concern. Data out of Europe also showed accelerating contractions. A private-sector PMI showed an accelerating contraction for March.

Commodity prices are following the major indices into negative territory this morning. Gold prices are nearly $14 to 1636.40. Nymex crude futures are negative as well, down over a dollar to $106.24 per barrel. [Read more...]

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Stocks Heading South This Morning: JAG, DHT, ING, THQI, HDY

December 7, 2011 By Leave a Comment

Jaguar Mining Inc. (NYSE:JAG) is down 9.53% at $6.52 this morning. JAG has traded 2.3 million shares so far today and is already above its daily average volume for the day. JAG is heading lower today after the company announced the departure of their CEO late yesterday. Jaguar Mining has a market cap of 549.08 million.

DHT Holdings, Inc. (NYSE:DHT) is down 8.49% at $0.97 in morning trading. DHT has traded 725 thousand shares so far today, a 100 thousand more than its daily average. DHT is selling off today after the stock jumped from $0.80 to $1 in the previous four trading days. The company has a current market cap of 61.40 million.

ING Group (NYSE:ING) is down 5.80% at $7.96 this morning. ING has traded 2.7 million shares today and trades 6.1 million shares a day on average. According to the Wall Street Journal, ING Group will take a $1.48 billion Q4 annuities hit. ING Group has a market cap of 29.78 billion.

THQ Inc. (NASDAQ:THQI) is down 7.32% at $1.52 so far today. THQI has traded 844 thousand shares in early trading today and trades just over a million shares a day on average. THQI has been selling off the past two days after hiting $1.85 a share on Monday. The company has a market cap of 104.01 million.

Hyperdynamics Corporation (NYSE:HDY) is down 6.73% today at $3.19. HDY has traded 782 thousand shares so far today and averages 2.6 million shares a day on average. HDY has been selling off all week and has lost more than $0.60 a share in the past three days. Hyperdynamics has a market cap of 503.73 million.

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Top Gainers In Early Trading for 11/28: CMC, SMBL, GNW, ING, BAC, NOK

November 28, 2011 By Leave a Comment

The stock market continues to rally today on better than expected Black Friday numbers and hopes of a solution in Europe. The major indexes are all up well over 2% and the Nasdaq and S&P are up over 3%. The Dow is up 315 points, the Nasdaq is up 85 points and the S&P is up 36 points. Stocks posting decent gains in early trading include Commercial Metals company (NYSE:CMC), Smart Balance, Inc. (NASDAQ:SMBL), Genworth Financial Inc. (NYSE:GNW), ING Group (NYSE:ING), Bank of America Corp. (NYSE:BAC) and Nokia Corporation (NYSE:NOK)

Commercial Metals Company (NYSE:CMC) is up 23.14% in early trading at $14.10. CMC is moving today after Carl Icahn offered the buy the company for $1.73 billion that would combine Commercial Metals with Ichan’s PSC Metals Inc. The $1.73 billion price translates to $15 a share and is a premium of 31% of CMC’s close on Friday. CMC has traded 5 million shares so far today, nearly 5 times its daily average volume. The company has a current market cap of 1.62 billion.

Smart Balance, Inc. (NASDAQ:SMBL) is up 14.55% at $5.51 in early trading today. SMBL has traded 308 thousand shares so far today and trades 456 thousand shares a day on average. SMBL had been trading between $4.80 and $5 before jumping over $5 today as it follows the overall market rally. The company has a current market cap of 325 million.

Genworth Financial, Inc. (NYSE:GNW) is up 12.8% at $6.08 in early trading. GNW has traded 4.2 million shares so far today and trades 11.47 million shares on average. Last week, GNW dipped more than $0.50 a share and closed at $5.39 on Friday. GNW jumped today after Citigroup upgraded the insurer for the second time this month. The company has a current market cap of 3.03 billion.

ING Group (NYSE:ING) is up 11.34% at $6.97 in early trading today. ING has traded 1.4 million shares so far today and trades 5.9 million shares on average daily. ING has made back all the ground it lost last week when the stock as well as the general market had a steep sell off. The company has a current market cap of 26.49 billion.

Bank of America Corp. (NYSE:BAC) is up 4.35% in early trading at $5.40. BAC has traded 75.9 million shares so far today and trades 270 million shares a day on average. BAC is following the market rally up today as investors hope for a European solution to their debt crisis soon. The company has a current market cap of 54.84 billion.

Nokia Corporation (NYSE:NOK) is up 6.81% today at $5.65. NOK has traded 12.6 million shares so far today and trades on average 28.4 million shares a day. NOK gaped up this morning at $5.69 and since then has sold off slightly. The company has a current market cap of 20.96 billion.

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