NYSE Stocks Trading Lower: MM, INVN, VLO, LGF, PCX, LCC

Wall StreetMillennial Media, Inc. (NYSE:MM) is down 7.32% today at $23.17. MM has traded 1.3 million shares so far today. Millennial Media launched its IPO yesterday and shares more than doubled as it prices its 10.2 million shares at $13 each. The company has a market value of nearly $2 billion.

InvenSense, Inc. (NYSE:INVN) is down 6.28% this morning at $18.37. INVN has traded 2 million shares so far today, 500 thousand shares more than its daily average. InvenSense was downgraded by Oppenheimer to perform from outperform. The company has a market cap of 1.45 billion. [Read more...]

6 NYSE Stocks in Negative Territory: DHT, SKX, TOT, LGF, STM, INVN

Floor of the New York Stock ExchangeDHT Holdings, Inc. (NYSE:DHT) is down 9.63% today at $1.0393. DHT has traded 1.9 million shares so far today, 200 thousand shares more than its daily average. DHT shares are down today after the stock jumped about $0.20 over the past week. The company has a market cap of 67.03 million.

Skechers U.S.A., Inc. (NYSE:SKX) is down 6.88% in midday trading at $13.32. SKX is seeing above average volume today with 881 thousand shares traded. The stock trades 867 thousand shares a day on average. Skechers is down today after receiving an underperfom rating by Wedbush. The company has a market cap of 667.68 million. [Read more...]

Poor Housing Data Can’t Stop Today’s Rally, NYSE Stocks to Watch

The NYSE BullPending home sales took an unexpected dip in February, slipping 0.5% to 96.5 on the National Association of Realtors Pending Home Sales Index. This drop shows a poor start for home selling heading into spring. Economists were expecting a 1% jump after a 2% jump in January.

The warm winter could also be skewing housing numbers as home sales saw unexpected jumps earlier in the year. Analysts are still waiting to see the housing industry recover as it was one of the worst hit from the 2008 economic crisis. Improvements in the jobs market and lower home sales should lead to some noticeable improvements later this year, hopefully.

Stocks are holding up after this poor news from the housing sector thanks to remarks from Ben Bernanke.

In late morning trading, the major stock indices are up 1% or more. [Read more...]

NYSE Stocks Following the Market Lower: CVO, CMRE, KWK, RAD, LGF, DEXO, FRO

Traders at the NYSECenveo Inc. (NYSE:CVO) is down 18.47% today at $3.3999. CVO is plummeting on heavy volume today with 2 million shares traded so far, 4 times its average volume. CVO shares are down today after the company announced offering of $75 million of senior exchangeable notes due 2017. The company has a market cap of 215.66 million.

Costamare Inc. (NYSE:CMRE) is down 8.91% today at $14.11. CMRE has traded 2.1 million shares so far today, way above its daily average of 61 thousand shares. Costamare stock is getting hit today after announcing a 7.5 million share public offering at $14.10 per share. The company has a market cap of 849.01 million. [Read more...]

Stock Futures Set For A Pull-Back, Stocks to Watch

Stock FuturesGrowth prospects out of China are causing the bulls here in the states to take a breather. Dow futures are down 68 points to 13,099. Nasdaq 100 futures are down 12.75 to 2,715. The S&P 500 futures are rounding out the red start, down 8.50 points to 1,395.

The economic data calendar is fairly stacked this morning with February housing starts up first. Fed Chairman Ben Bernanke is set to give the first of four lectures at 12:45pm EST. The first will be at the George Washington School of Business.

Housing start data this AM was a mixed bag. While starts fell slightly, permits jumped 5.1%. The sector is still lagging the rest of the recovery and at this point you have the question the robustness of such recovery. Maybe it could stand a permit for a new foundation, because it looks awfully shaky.

Fears of a slowdown in China were exacerbated overnight when Ian Ashby, CEO of BHP’s Iron-Ore Division, told Australian reporters that demand from China is waning in the commodity sector. If that pattern holds it could signal a downturn in China.

More bad news from China came when they decided o raise the price of retail gasoline. This was the second time this year they raised both gasoline and diesel prices. The move is weighing heavily on auto stocks this morning. [Read more...]

BofA Leads Blue Chips Higher and NYSE Stocks to Watch

The NYSE BullBank of America (NYSE:BAC) is leading blue chips higher this morning and briefly surpassed $10 a share. BofA stock has come a long way since trading under $5 in mid December. Definitely making Warren Buffet’s bet look smart.

Financials have benefited the most in the current rally with BofA rallying 100%, Morgan Stanley stock (NYSE:MS) jumped $7 a share and Citigroup (NYSE:C) up $10.

The recent stress test on the banks have also helped send financials higher. Most of the big banks passed a test meant to see if banks could continue to function another economic crisis such as the one in 2008 occurred again.

Economic news is a bit slow today, but will change tomorrow as investors will be paying attention as Bernanke speaks.

The major stock indices remain flat at mid-morning with the Dow down 9 points, the Nasdaq up 9 points and the S&P 500 up 3 points. [Read more...]

Futures Whipsaw on Chinese Comments And Murky Greek Deal. Stocks to Watch: ZNGA, RENN, BCRX, CLWR, LGF, AAPL, CMCSA

Another day, more ‘soothing’ comments from China regarding the EU crisis. If you are thinking you have seen this movie before, you have. And yet here we sit, still in the midst of the crisis. Overnight, Chinese officials announced they have confidence that the EU can resolve the crisis. Judging by the canceled finance ministers meeting, I think they need to borrow some of China’s mojo. After they completely sell-out their continent.

Reports are out now that the the Greek deal will possibly placed on hold. Greek politicians have been trying to stake out positions in the run-up to elections. Come to find out austerity induces Great Depression symptoms among your populace. Who would have guessed wiping out a chunk of your workforce would cause a rise in joblessness? Then that would lead to a rise in poverty and social unrest? I mean the IMF is only stacked with PhDs. Can’t expect them to know everything I guess. [Read more...]

Afternoon Movers: TBAC, MOVE, LGF, AMRS, XIDE, GLUU

Stocks are set to close lower today as the Greece deal fell apart today. Protests have broken out across the country as Greeks are against any further austerity measures. The Dow is down 123 points, the Nasdaq is down 27 points and the S&P 500 is down 12 points.

Tandy Brands Accessories, Inc. (NASDAQ:TBAC) is up 86.29% today at $1.93. TBAC has traded 646 thousand shares so far today, well above its average volume of 22 thousand shares. TBAC shares are up today after reporting positive second quarter results. EPS came in at $0.39 versus $0.10 a year ago. The company has a market cap of 14.28 million.

Move, Inc. (NASDAQ:MOVE) is up 13.06% in afternoon trading at $8.57. MOVE has traded 1.7 million shares so far today, nearly 10 times its daily average. MOVE shares are up after the company beat analyst estimates on EPS for their fourth quarter. The company has a market cap of 330.71 million.

Lions Gate Entertainment Corporation (NYSE:LGF) is up 6.27% today at $11.19. LGF has traded 2.6 million shares so far today, well above its daily average of 796 thousand shares. LGF shares rise as investors look forward to the benefit of the acquisition of Summit Entertainment. The company has a market cap of 1.49 billion.

Amyris, Inc. (NASDAQ:AMRS) is down 28.78% in late trading at $6.93. AMRS has traded 1 million shares so far today, 5 times its daily average. AMRS shares are dipping today after analysts downgrade the stock. The company has a market cap of 316.14 million.

Exide Technologies (NASDAQ:XIDE) is down 24.81% today at $3.01. XIDE has traded nearly 7 million shares so far today, above its average volume of 1.1 million shares. XIDE shares are down today following the company’s third quarter results. Exide beat on EPS, but missed on revenue. The company has a market cap of 234.37 million.

Glu Mobile Inc. (NASDAQ:GLUU) is down 10.68% today at $4.10. GLUU has traded 2.3 million shares so far today, close to double its daily average. GLUU shares are pulling back a today after the stock rose about $0.80 in the past few days. The company has a market cap of 257.98 million.

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