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ADP Numbers Buoy Stock Futures. Stocks to Watch: DSCO, NFLX, ZNGA, MU, RENN, P, CSIQ

March 7, 2012 By Leave a Comment

Stock FuturesAfter yesterday’s drubbing, the market is looking to regain some of its footing. Greek debt worries still remain, but it seems the ‘shrugging off’ attitude has returned to the street. Plus there is going to be a new iPad today. Nothing like a shiny new toy to shift attention. Dow futures are currently up 44 points to 12,788. Nasdaq 100 futures are up 11.25 points to 2,601. The S&P 500 futures are rounding out the pre-market gains, up 5 points to 1,347.

Private sector employment numbers continue to show growth, adding 216k jobs in February. What this translates to the non-farm payrolls will be unveiled later this week. Probably not as good, but this is a positive sign for the labor market.

Most of the major markets are rebounding after yesterday’s losses. More of a take a breather day. The exception being Asia, which responded to the red day on the street. [Read more...]

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Chinese Worries Rattle the Markets. Stocks to Watch: KERX, MCP, ZNGA, P, SIRI, AMZN, AAPL

March 5, 2012 By Leave a Comment

Stock FuturesSlowing growth out of China is weighing heavily on investors as they start the new week. Risk-off reigns supreme this morning as cautious investors look to see what the next move is. Dow futures are currently down off modestly, down 16 points to 12,952. Nasdaq 100 futures are down 4.50 to 2,639. S&P500 futures are rounding out the downward momentum, off 2.50 points to 1,366.50.

China lowered its growth rate over the weekend to 7.5%. This is down from the symbolic 8% it has used for years. Their focus is to shift towards more high-end economic development and internal consumption. The Greek sovereign debt crisis could continue to weigh on sentiment coming out out of Asia.

European markets were negative after data pointed that it may contract for the second straight quarter. The purchasing managers index fell more than expectations giving rise to fears of a new recession. [Read more...]

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Pre Market Winners: ZUMZ, LSI, P, ARNA, SIRI, STX

January 5, 2012 By Leave a Comment

Zumiez Inc. (NASDAQ:ZUMZ) is up 12.04% in pre market trading at $29.50. ZUMZ has traded about 3 thousand shares in pre market and averages 600 thousand shares a day. Zumiez shares are up this morning after the company raised its quarterly sales and earnings estimates. The company has a market cap of 819.60 million.

LSI Corporation (NYSE:LSI) is up 2.89% in pre market trading at $6.40. LSI has traded 4 thousand shares in pre market and trades 7.18 million shares a day on average. LSI is up about $0.40 a share since last Wednesday. The company has a market cap of 3.50 billion.

Pandora Media Inc. (NYSE:P) is up 3.46% in pre market trading at $10.47. P trades 1.49 million shares daily on average. P dipped yesterday about 2% after jumping about the same amount on Tuesday. The company has a market cap of 1.63 billion.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is up 1.66% in pre market trading at $1.84. ARNA closed down 5.73 yesterday at $1.81 and trades 2.31 million shares a day on average. The company has a market cap of 264.30 million.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up 4.37% in pre market trading at $1.91. SIRI has traded 337 thousand shares so far today and trades 44.15 million shares a day on average. SIRI is up after it announced yesterday a net increase in subscribers of 1.7 million for 2011. The company has a market cap of 6.86 billion.

Seagate Technology PLC (NASDAQ:STX) is up 6.66% in pre market trading at $18.00. STX has traded 242 thousand shares so far this morning and trades 7.46 million shares a day on average. STX is up this morning after preliminary results for the company’s second quarter show they expect to generate revenue between $3.1 billion to $3.2 billion, beating analysts expectations of $2.8 billion. The company has a market cap of 7.06 billion.

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Biggest Losers In Early Trading: JAKK, TSRX, EGO, RGC, RENN, P

December 19, 2011 By Leave a Comment

Stocks are turning negative in late morning trading as investors continue to worry about Europe. The stock market was in the green just a half hour, but has since dropped as financials are getting hit hard. As of 11:18 am EST the Dow is down 37 points, the Nasdaq is down 9 points and the S&P is down 5 points. Let’s take a look at which stocks are getting hit hardest today.

Jakks Pacific, Inc. (NASDAQ:JAKK) is down 21.44% at $13.63 this morning. JAKK has traded 975 thousand shares so far today, well above its daily average of 271 thousand shares. JAKK is down today after the company cut its full-year outlook on Friday citing disappointing holiday sales. Jakks Pacific has a market cap of 355.09 million.

Trius Therapeutics, Inc. (NASDAQ:TSRX) is down 9.22% today at $6.20. TSRX has traded 197 thousand shares so far today, more than double its daily average. Trius reported positive results from first phase 3 trial of Tedizolid in acute bacterial skin and skin structure infections. The company has a market cap of 178.75 million.

Eldorado Gold Corp. (NYSE:EGO) is down 10.35% this morning at $13.43. EGO has traded 4.8 million shares so far today, well above its daily average of 3.5 million shares. Eldorado announced today they will buy European Goldfields for $2.4 billion. The company has a market cap of 7.36 billion.

Regal Entertainment Group (NYSE:RGC) is down 6.56% this morning at $12.40. RGC has traded 2.1 million shares so far today and averages 1.8 million shares daily. The company has a market cap of 1.92 billion.

Renren Inc. (NYSE:RENN) is down 5.51% today at $3.26. RENN has traded 1.1 million shares a day and averages 3.7 million shares daily. Renren has a market cap of 1.27 billion.

Pandora Media, Inc. (NYSE:P) is down 5.12% today at $10.01. P has traded 794 thousand shares so far today and trades 934 thousand shares a day on average. Pandora has dropped about $0.80 a share over the past five trading sessions. The company has a market cap of 1.62 billion.

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Midday Gainers for 12/13: RVSN, CCMP, RAM, GEOY, P, DYN

December 13, 2011 By Leave a Comment

Stocks are up in midday trading as investors await the Federal Reserve’s assessment of the U.S. economy. The Dow is up 76 points, the Nasdaq is up 2.41 points and the S&P is up 5 points.

Here’s six stocks rallying in midday trading.

Radvision Ltd. (NASDAQ:RVSN) is up 16.51% in midday trading at $9.81. RVSN has traded 903 thousand shares so far today, way above its daily average volume of just 43 thousands shares. On Monday, GP Synergy chose Radvision for video collaboration programs. Since the start of the week, RVSN is up more than $2 per share. The company has a market cap of 180.69 million.

Cabot Microelectronics Corp. (NASDAQ:CCMP) is up 16.59% today at $46.88. CCMP has traded 855 thousand shares so far today, 8 times its daily average volume. CCMP announced a higher dividend and a share repurchase program this year. Cabot Microelectronics has a market cap of 1.06 billion.

RAM Energy Resources, Inc. (NASDAQ:RAM) is up 9.91% in midday trading at $1.22. RAM has traded 450 thousand shares so far today, more than 3 times its daily average. The company has a market cap of 94.89 million.

GeoEye, Inc. (NASDAQ:GEOY) is up 10.47% at $21.00 today. GEOY has traded 302 thousand shares so far today, 20 thousand shares more than its daily average. GEOY is up more than $2 a share since Friday. GeoEye has a market cap of 461.25 million.

Pandora Media, Inc. (NYSE:P) is up 6.75% in midday trading at $10.60. P has traded 2 million shares so far today, more than double its daily average. Pandora listenership increase 13-25% in the the 10 largest U.S. radio markets. Pandora Media has a market cap of 1.71 billion.

Dynegy Inc. (NYSE:DYN) is up 6.16% at $2.93 in midday trading. DYN has traded 1.4 million shares so far today and trades 359.54 million shares a day on average. DYN is bouncing back today after the stock fell from $3 to the $2.70s yesterday. The company has a market cap of 358.31 million.

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Facebook Worth $100 Billion? IPO Likely Set for Mid 2012

November 29, 2011 By Leave a Comment

There are reports today of Facebook being in internal discussions over the exact timing of its filings with the SEC for its IPO, and may file before the end of the year. Reports indicate that Mark Zuckerberg, CEO of Facebook, hasn’t made any final decisions yet. Facebook is also looking into raising $10 billion in an IPO that would value the company at $100 billion if not more.

If you’re looking to compare this to other online juggernauts IPO’s, look at Google, Inc. (NASDAQ:GOOG). In 2004, when they made their stock debut, the company was worth $27 billion. Google’s market cap today sits around $185 billion.

At a $100 billion valuation, Facebook would be worth more than a lot of big name companies including Hewlett-Packard (NYSE:HPQ) and Cisco Systems (NASDAQ:CSCO).

If they file for an IPO it would be the latest of a series of companies going public in Silicon Valley. Zynga, creator of Farmville, has already filed for an IPO up to $1 billion. In November, the much hyped Groupon (NASDAQ:GRPN) IPO was launched, but has since dropped below its IPO price. Other stocks that jumped initially but fell include LinkedIn (NYSE:LNKD) and Pandora (NYSE:P).

While Facebook does not disclose financial results, sources close to the company told Reuters earlier this year the company’s revenue in the first 6 months of 2011 doubled from the previous year to $1.6 billion.

About Facebook

Founded in February 2004, Facebook is a social utility that helps people communicate more efficiently with their friends, family and coworkers. The company develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people’s real-world social connections. Anyone can sign up for Facebook and interact with the people they know in a trusted environment.

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Pandora (P) Sings A Nice Tune For 3Q 2012

November 23, 2011 By Leave a Comment

Pandora (NYSE:P), the leading internet radio service announced its financial results for the third quarter of fiscal year 2012 today. Pandora is based out of Oakland, CA.

Pandora reported for the third quarter of fiscal 2012, total revenue was $75.0 million, a 99% year-over-year increase. Advertising revenue was $66.0 million, a 102% year-over-year increase. Subscription and other revenue was $9.0 million, an 80% year-over-year increase.

Pandora reported for the third quarter of fiscal 2012, on a GAAP basis, net income per common share, basic and diluted, was $0.00. Non-GAAP net income per fully diluted common share was $0.02, excluding approximately $2.7 million in stock-based compensation. Both GAAP and non-GAAP calculations are based on 191 million weighted average fully diluted common shares outstanding and assume minimal tax expense due to our net operating loss position.

Pandora reported on a fiscal year-to-date basis, Pandora generated approximately $3.5 million in cash from operating activities compared to generating $2.2 million in cash from operating activities in the year ago period.

Total listener hours for Pandora’s internet radio service were approximately 2.1 billion for the third quarter of fiscal 2012, an increase of 104% compared to approximately 1.0 billion for the third quarter of fiscal 2011.

Pandora’s fourth quarter guidance reported revenue is expected to be in the range of $80 million to $84 million. Non-GAAP net loss per common share is expected to be between negative ($0.04) and negative ($0.02). Non-GAAP earnings per common share excludes stock-based compensation expense, assumes minimal tax expense given our net operating loss position, and 161.6 million weighted average common shares outstanding for the fourth quarter fiscal 2012.

“Rapid growth of 104% year-over-year in listener hours and record Internet radio market share growth to 66% illustrates the strong demand for personalized radio,” stated Joe Kennedy, Chairman, President & CEO of Pandora. “Our growing scale and powerful, multi-product advertising platform is enabling Pandora to increasingly penetrate areas that were once solely served by terrestrial radio. Our momentum in transforming the radio industry is stronger than ever.”

Shares of Pandora (NYSE:P) were trading at 11.48, down 3.12% at 9:35 am ET on Wednesday.

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Stock Futures Drop Amid Economic Worries Worldwide. Stocks to Watch: TIVO, P, YMI, AAPL, NFLX, F, BAC

November 23, 2011 By Leave a Comment

Investors are worried worldwide as world stock futures fall to their lowest in six weeks. Economic data streaming in on Wednesday painted a less than pretty picture of a contracting economy in Germany, China and the United States. The contagion in Europe continues to dominate with the inability of U/S. lawmakers to get anything done in a timely fashion.

Futures on the Dow Jones Industrial Average fell 89 points to 11,358, while those on the S&P 500 stock index fell 10.4 points to 1,172.40. Nasdaq 100 futures dropped 17 points to 2,197.2. Trading on Wednesday before Thanksgiving may be thin due to the holiday.

On Tuesday, the Dow Jones Industrial Average closed 53.59 points on Wednesday at 11,493.71, with 22 of 30 components ending the day in the red. The S&P 500 Index dropped 4.94 points to 1,188.04 while the Nasdaq Composite lost 1.86 points to finish at 2,521.28.

On the world-front, China’s November factory activity shrank at its sharpest pace in 32 months, reviving fears of an abrupt slowdown for the world’s second largest economy.
Germany’s debt auction on Wednesday was technically uncovered, sending the yields on 10-year German Bunds 5.5 basis points higher to 1.964%, still lower than inflation.

And, in what has become the norm, the euro zone’s sovereign debt crisis is eating into business and consumer confidence leaving investors with ever decreasing options.Worries about France facing even more of a fiscal burden comes as the euro drops down 0.9% at $1.3388. France, Belgium, Luxembourg were in talks on how to how to provide temporary state debt guarantees for failed financial group Dexia.

The dollar, which has been benefiting from recent investor unease, rose 0.7 percent against a basket of major currencies to hit its highest in six weeks.

World stocks measured by the MSCI All-Country World Index fell 0.7 percent to their lowest level since Oct. 10.

Europe’s FTSEurofirst 300 slipped 0.5%, while Japan’s Nikkei average eased 0.4%.

Brent crude dropped 1.1% to trade below $108 a barrel, while copper prices slipped 1.4% to above $7,200 a ton.

Gold eased 0.7% after rising 1.1% the previous session. The precious metal has risen nearly 20% this year, on track for its 11th straight year of gains.

Stocks to watch today include TiVo Inc. (NASDAQ:TIVO), Pandora Media Inc. (NYSE:P), YM BioSciences Inc. (NYSEAMEX:YMI), Apple Inc. (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX), Ford Motor Company (NYSE:F) and Bank of America Corp (NYSE:BAC)

TiVo Inc. (NASDAQ:TIVO) is up 3.45% at $9.90 in pre-market trading today. TIVO trades on average 2.28 million shares a day. TIVO is up this morning after releasing their third quarter results after-market yesterday. Revenue for the company rose 27% to $64.8 million and gave the company a $0.21 loss. This was lower than the expected $0.23 loss. For the current quarter, TIVO is expecting revenue to decline slightly to around $48 to $50 million. The company has a current market cap of 1.15 billion.

Pandora Media Inc. (NYSE:P) is down 5.06% in pre-market trading at $11.25. Pandora looks like its going to open lower as the sell off continues from its quarter results it issued yesterday. The stock trades on average 545 thousand shares daily. The company has a current market cap of 1.91 billion.

YM BioSciences Inc. (NYSEAMEX:YMI) is down 1.48% at $1.33 in pre-market trading. YMI has fallen nearly $0.50 in the past few days. The stock trades on average 1.14 million shares daily. The company has a current market cap of 157.56 million.

Apple Inc. (NASDAQ:AAPL) is down about 1% at $373.50 in pre-market trading. AAPL closed the day higher yesterday after being in a bit of a downtrend over the past month. The stock trades on average 18.11 million shares a day. The company has a current market cap of 349.93 billion.

Netflix, Inc. (NASDAQ:NFLX) is down 1.14% at $69.31 in pre-market trading. NFLX has steadily went down since trading at nearly $300 during the summer. The stock trades around 9.10 million shares daily. NFLX’s most recent drop is attributed to the company diluting their shares. The company has a current market cap of 3.7 billion.

Ford Motor Company (NYSE:F) is down 1.19% at $9.97 in pre-market trading. F closed the day higher yesterday, but has been selling off for about a month now and was trading over $12 back in October. The stock is less than a dollar away from hitting a new 52-week low. F on average trades 64.57 million shares. The company has a current market cap of 38.34 billion.

Bank of America Corp. (NYSE:BAC) is down 1.68% at $5.29 in pre-market trading. BAC has traded 1.43 million shares so far today and trades on average 264.28 million shares daily. BAC is trading very close to its 52-week low of $5.13. The company has a current market cap of 54.43 billion.

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