NYSE:MM

Stocks Edge Lower on Europe Woes. Stocks to Watch: VOD, ROSG, MM, DNDN, ALU, NOK, DANG

Stock FuturesEven Wal Mart’s strong quarter is struggling to prop up the market thanks to news out of the EU. The continual soap opera from Europe now has possible bank runs spreading to Spain after already hitting Greece. Moody’s has already threatened to downgrade a host of Spanish banks in the coming days. This will only add to the pressure the EU is facing. Dow futures are currently down 10 points. Nasdaq and S&P futures are both slightly negative, down 5 and 2 points respectively.

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Jobless claims remained unchanged from last week. After being revised higher from 367k, this week’s print is at 370k. The four week average fell to 375k. Analysts had been expecting a drop to 365k.

In Europe, markets are down across the board as contagion fears ramp up. Many analysts say that the EU has to move decisively to shore up confidence in both Spain and Italy. Greece still remains without a functioning national government as it hurtles towards another election sometime in June. The anti-bailout leftist parties are picking up steam in the polls, so the crisis could become even more heated in the coming weeks.

Commodities remained mixed with oil futures drifting lower, while gold prices rebounded higher. [Read more...]

Pre Market Winners and Losers for May 15: OREX, RENN, ACHN, MM, LOW

Traders at the NYSEOrexigen Therapeutics, Inc. (NASDAQ:OREX) is up 5.08% in pre market trading at $4.14. OREX is seeing light volume this morning with 2 thousand shares traded. The stock trades on average 1.9 million shares a day. OREX shares has rallied about 10% since last Thursday. The company has a market cap of 267.04 million.

Renren Inc. (NYSE:RENN) is up 4.74% in pre market trading at $5.75. RENN has traded about 80 thousand shares this morning and averages 9.7 million shares a day. RENN has sold off over the past month losing 23% of its stock value. The company has a market cap of 2.16 billion. [Read more...]

After Hours Winners and Losers: GRPN, SGI, MHR, ITMN, MM, HPP

Wall Street signGroupon, Inc. (NASDAQ:GRPN) is up 12.48% in after hours trading at $13.20. GRPN closed the day up nearly 20% with around 15 million shares traded. Groupon announced first quarter results after market close today. Revenue for the first quarter came in at $559 million with EPS of $0.02 a share. Analysts were estimating $530.5 million with EPS of $0.01 per share. The company is expecting revenue for the current quarter to be between $550 million to $590 million, beating consensus of $558.7 million. The company has a market cap of 7.57 billion.

Silicon Graphics International Corp. (NASDAQ:SGI) is up 10.44% this afternoon at $6.0522. SGI closed regular trading down nearly 10% with 2.1 million shares traded. SGI shares have been in a free fall the past week, falling from $9 to the mid $5s. The company has a market cap of 175 million. [Read more...]

NYSE Stocks Slipping Heading Into Midday: NBG, AYI, JAG, MM, HOV, ALU

Investors at the NYSENational Bank of Greece (NYSE:NBG) is down 9.32% in midday trading at $2.14. NBG has traded 1.3 million shares so far today and trades 1.4 million shares a day on average. NBG shares have fallen $0.50 a share since last Thursday. The company has a market cap of 10.22 billion.

Acuity Brands, Inc. (NYSE:AYI) have fallen 6.35% today at $59.61. AYI is down on large volume today with 1.3 million shares traded, 10 times its average volume. AYI shares are falling after the company announced second quarter profits dipped. The company has a market cap of 2.43 billion. [Read more...]

6 NYSE Stocks Taking a Hit: YPF, STP, GFA, MM, XLS, GPN

Wall Street signYPF S.A. (NYSE:YPF) is down 10.38% today at $25.45. YPF has traded 1.2 million shares so far today and trades 1.4 million shares a day on average. YPF shares were trading higher late last week after the company announced positive results from wells at Vaca Muerta. YPF gaped down at open this morning and the sell off is intensifying into late morning. The company has a market cap of 10.23 billion.

Suntech Power Holdings Co. Ltd. (NYSE:STP) is down 4.58% in early trading at $2.92. STP has traded 1.1 million shares so far today and trades just over 4 million shares a day on average. Over the past month, STP shares have been as high as $3.57 and as low as $2.72. The company has a market cap of 528.51 million. [Read more...]

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...]

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