NYSE:RDN

Stocks Trading Lower In Midday Trading: CETV, MTSN, NFX, CELL, HDY, RDN

stock market todayCentral European Media Enterprises (NASDAQ:CETV) is down 18.12% in midday trading at $6.95. CETV has traded 1.4 million shares at midday, more than 3 times its daily average. CETV shares are tumbling today after its quarter loss widens. The company’s net loss was $77.2 million. The company has a market cap of 450.75 million.

Mattson Technology, Inc. (NASDAQ:MTSN) is down 15.36% today at $2.70. MTSN has traded 1.4 million shares so far today, above its daily average of 487 thousand shares. Mattson released its annual report earlier this morning. The company has a market cap of 157.93 million. [Read more...]

Futures Mixed As Apple Lifts Nasdaq. Stocks to Watch: PACB, ILMN, AAPL, RDN, FIO, BA, C

US futures are diverging this morning after Apple reported stellar earnings in after-hours trading yesterday. Dow futures are down 40 points to 12,586. Nasdaq futures are riding the Apple effect, up over 15 points to 2,453. S&P 500 futures are following the Dow’s trend, down over 3 points to 1,308.

Apple’s earnings yesterday are driving the Nasdaq futures. A broker at Valbury Capital remarked, “The figures from Apple show that despite the global recession looming, people still want to have an overpriced, lacking-in-features iPhone 4S that they couldn’t even be bothered to change the shape on.” Maybe he can ask Siri why he’s so down this morning?

On the economic data calendar today is the a decision by the FOMC on where to keep interest rates. Analysts are starting to worry that even though the economic outlook is negative, the recent spate of good news will keep the Fed from announcing another round of QE 3. Check out one of the best swing traders on the street.

The Fed will release their outlook for rates over the coming years. They will also try to give timing for the first rate hike and their overall plan for their growing balance sheet. This move is intended to soothe both the hawks and doves that watch the Federal reserve.

The recent down-tick in unemployment has increased the talk of the Fed eventually getting away from historically low interest rates.

In European news the news has started to shift from the always-near-the-cliff Greece to Portugal. Austerity measures in Portugal have started to push economic activity off the books. A full quarter of the economy now occurs off the books in what is being deemed a shadow economy. If both Greece and Portugal were to default, the pressures on the EU could reach a breaking point with stronger countries refusing to backstop weaker ones.

Who knew you couldn’t place the economic burden on citizens that already bore the brunt? US officials should take note of the abject failure of austerity in EU before they use it as a model here in the states.

Stocks to watch today include Pacific Biosciences of California (NASDAQ:PACB), Illumina, Inc. (NASDAQ:ILMN), Apple Inc. (NASDAQ:AAPL), Radian Group Inc. (NYSE:RDN), Fusion-io, Inc. (NYSE:FIO), Boeing Company (NYSE:BA) and Citigroup, Inc. (NYSE:C)

Pacific Biosciences of California (NASDAQ:PACB) is up 20.76% in pre market trading at $4.77. PACB shares are jumping this morning following the deal between Roche and Illumina. PACB has traded over 30 thousand shares so far in pre market and trades close to 300 thousand shares a day on average. The company has a market cap of 216.51 million. Check out one of the best swing traders on the street.

Illumina, Inc. (NASDAQ:ILMN) is up 37.64% in pre market at $52.10. ILMN shares are up big after Swiss drug maker Roche Holdings made a $5.7 billion bid on the company this morning. Roche said it would pay $44.50 a share in cash through a tender offer. ILMN has traded over 4 million shares this morning, more than double its daily average. The company has a market cap of 4.58 billion.

Apple Inc. (NASDAQ:AAPL) is up 8.24% in pre market trading at $455.05. AAPL shares are rallying following a stellar fiscal first quarter from the company. Apple saw profit more than double in its fiscal first quarter with revenue rising 73% to $46.3 billion. EPS came in at $13.87, crushing analysts’ estimates of $10.08 per share. Apple sold more than 37 million iPhones in the quarter, up 128% from the year before. The company has a market cap of 390.73 billion.

Radian Group Inc. (NYSE:RDN) is up 4.75% this morning at $3.09. RDN shares are jumping this morning following news the company will return $12.9 billion reinsurance portfolio to Assured Guaranty Ltd. This move is expected to increase Radian’s statutory capital. The company has a market cap of 392.94 million.

Fusion-io, Inc. (NYSE:FIO) is down 12% in pre market trading at $26.70. FIO shares are taking a hit today after a disappointing fiscal second quarter. FIO’s second quarter loss narrowed but higher cots affected margins. The company has a market cap of 2.53 billion.

Boeing Company (NYSE:BA) is down 1.55% in pre market at $74.19. BA shares are dipping some following Boeing’s fourth quarter earnings. Boeing beat estimates, but its 2012 guidance was reduced because of higher than expected pension expenses. The company has a market cap of 56.01 billion.

Citigroup, Inc. (NYSE:C) is down about 1% in pre market trading at $29.63. C shares are slipping as the company ponders more cuts to banking and securities unit. C typically trades 55.7 million shares a day on average. The company has a market cap of 87.42 billion.

Stocks Bucking The Market Trend This Morning: BDSI, BORN, RDN, FBN, PACB, LEAP

Stocks started slightly higher this morning following successful bond auctions in Europe, but quickly turned negative as jobs numbers were released. Unemployment claims jumped to a six week high at 399,000. This rise comes as companies let go of thousands of workers hired for the holiday season. As of 10:50 am EST the Dow is down 57 points, the Nasdaq is down 10 points and the S&P is down 5 points.

BioDelivery Sciences International (NASDAQ:BDSI) is up 15.51% at $2.16 this morning. BDSI is up on heavy volume today with 531 thousand shares traded. Yesterday, BDSI filed an 8-K and inside detailed an agreement with Arius Pharmaceuticals and Arius Two, Inc. The agreement will see BioDelivery Systems, Arius and Arius Two grant Endo Pharmaceuticals exclusive commercial world wide license to develop, manufacture, market and sell BioDelivery’s BEMA product. The company has a market cap of 65.63 million.

China New Borun Corporation (NYSE:BORN) is up 8.10% at $4.6701 in early trading. BORN has is up on large volume today with 638 thousand shares today, well above its daily average of 142 thousand shares. BORN shares are up the past two days after signing pre sales contracts worth around 90% of 2012 total production capacity. The company has a market cap of 120.72 million.

Radian Group Inc. (NYSE:RDN) is up 12.22% today at $3.0305. RDN has traded 5.9 million shares today, already higher than its daily average volume. RDN has rallied more than $0.60 a share this week. No recent news for RDN, but analysts have maintained a price target of $5 for the stock. The company has a market cap of 408.89 million.

Furniture Brands International (NYSE:FBN) is up 7.08% at $1.22. FBN has traded 333 thousand shares this morning and trades 515 thousand shares on average. Furniture Brands presented at the 14th Annual ICR XChange Conference in Miami, Florida yesterday. The company has a market cap of 67.71 million.

Pacific Biosciences of California (NASDAQ:PACB) is up 9.18% at $3.33 this morning. PACB has traded 356 thousand shares today, well above its daily average of 293 thousand shares. PACB gaped open this morning at $3.16 after closing yesterday at $3.16. The company has a market cap of 183.62 million.

Leap Wireless International (NASDAQ:LEAP) is up 4.62% at $9.97 in early trading. LEAP has traded 1.6 million shares today and averages around 2 million shares daily. LEAP has been rebounding the past week or so after announcing poor subscriber numbers at the first of the year. LEAP shares fell from $10 to $8.50 in the first few days of 2012 and have since recovered back to where it fell from. The company has a market cap of 788.69 million.

After Hours Movers: JAZZ, APOL, CLWR, VICL, RFMD, EK, RDN

Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) is up 4.32% in after hours trading at $43.25. JAZZ closed the day up 1.64% at $41.46 with a little more than one million shares traded. Right after market close, JAZZ provided a financial outlook for 2012. Jazz Pharmaceuticals expects total revenue to be between $465 – 490 million and total product sales to be between $460 – 485 million. The company has a market cap of 1.74 billion.

Apollo Group Inc. (NASDAQ:APOL) is up 2.03% in after hours trading at $54.81. APOL closed the day down 0.72% at $53.72. APOL traded 2.6 million shares today, nearly a million more shares than the stock trades on average. Apollo Group announced its first quarter earnings after market close today. Net income fell to $149.3 million versus $236 million a year earlier. Revenue also fell 11.1% from the previous years’ quarter. The company’s adjusted net income was $1.28 per share, beating analysts expectations of $1.18 per share. The company has a market cap of 7.01 billion.

Clearwire Corporation (NASDAQ:CLWR) is up 1.68% in after hours trading at $1.82. CLWR closed the day down 6.77% at $1.79 with 12.6 million shares traded. CLWR has fallen more than $0.20 in the past two days after Kaufman Brothers downgraded the stock to hold from buy on Wednesday. The company has a market cap of 446.97 million.

Vical Inc. (NASDAQ:VICL) is down 12.62% in after hours trading at $3.74. VICL finished the day unchanged at $4.28 with 650 thousand shares traded. VICL shares are tanking after hours as the company announced a public offering of common stock. The company has a market cap of 307.65 million.

RF Micro Devices Inc. (NASDAQ:RFMD) is down 12.23% in after hours trading at $4.95. RFMD closed today up 3.11% at $5.64 with 7 million shares traded. RFMD shares are dipping after the company saw revenue fall in the third quarter on low Chinese demand. Third quarter revenue was $225 million versus $278.8 million a year ago. The company has a market cap of 1.57 billion.

Eastman Kodak Co. (NYSE:EK) is down 4.67% in after hours at $0.40. EK finished the day down 10.64% at $0.42 with 30.7 million shares traded. EK shares went lower today following another executive leaving the company. This time, Chief Communications Officer, Gerard Meuchner, resigned from the company. EK shares have dropped more than $0.20 since yesterday. The company has a market cap of 113.38 million.

Radian Group Inc. (NYSE:RDN) is down 5.02% in after hours at $2.46. RDN closed the day up 11.16% at $2.59 with 11.5 million shares traded. RDN averages 5.7 million shares a day. The company has a market cap of 344.99 million.

After Hours Gainers: LNG, FSII, DEJ, RDN, USG

Cheniere Energy, Inc. (AMEX:LNG) is up 1.95% in after hours trading at $8.88. LNG closed the day down 2.13% on light volume with 2.7 million shares traded. This is about half its usual daily volume. The company has a market cap of 700.91 million.

FSI International Inc. (NASDAQ:FSII) is trading slightly higher in after hours trading at $3.76. FSII closed the day up $0.01 with 420 thousand shares traded. The company has a market cap of 144.19 million.

Dejour Energy Inc. (AMEX:DEJ) is up 3.55% in after hours trading at $0.58. DEJ closed 11.44% higher on heavy volume. DEJ traded 4.9 million shares today, five times its daily average. The company has a market cap of 68.59 million.

Radian Group Inc. (NYSE:RDN) is up 1.33% in after hours at $2.29. RDN closed 2.73% higher today at $2.26 with 2.2 million shares traded. The stock averages 5.7 million shares a day on average. The company has a market cap of 301.03 million.

USG Corporation (NYSE:USG) is up 1.65% in after hours trading at $10.47. USG closed the day up 6.40% at $10.30. USG traded 2.2 million shares today, 300 thousand shares more than its average. The company has a market cap of 1.08 billion.

10 Value Stocks Under $10 – TEAR, AFFY, FRO, LYG, THC, RDN, BAC, S, HGSI, HBAN

Stocks are continuing their rally from last week as European leaders began getting plans together at a meeting between French and German leaders. French President Nicolas Sarkozy and German Chancellor Angela Merkel discussed forging closer economic and political ties between euro nations. The two leaders also want tighter control on euro nation’s budgets to prevent debt problems that Greece, Italy and other countries are having. The major indices are up over 1% this morning with the Dow up 159 points, the Nasdaq up 45 points and the S&P up 21 points.

Here’s ten stocks under $10 rallying alongside the stock market.

TearLab Corporation (NASDAQ:TEAR) is up 57.26% at $1.95 this morning. TEAR has traded 353 thousand shares so far today, way above its daily average of 11 thousand shares. TEAR is up today after the FDA grants the company’s petition for a waiver under CLIA for the TearLab(R) Osmolarity System. “This marks the achievement of our third and final major milestone,” commented Elias Vamvakas, TearLab’s Chief Executive Officer. TearLab Corporation has a market cap of 38.79 million.

Affymax, Inc. (NASDAQ:AFFY) is up 20.38% at $6.32 this morning. AFFY has traded 2.3 million shares so far today, 4 times its daily average volume. Affymax is rallying today after the FDA said the company’s experimental anemia medicine works as well as approved drugs for patients with chronic kidney disease. Affymax, Inc. has a market cap of 228.31 million.

Frontline Ltd. (NYSE:FRO) is up 18.42% at $3.60 this morning. FRO has traded 1.3 million shares so far today and trades 2.6 million shares a day on average. Over the past 5 trading sessions, FRO has jumped nearly $1 a share. Frontline Ltd has a current market cap of 280.29 million.

Lloyds Banking Group (NYSE:LYG) is up 10.53% at $1.68 this morning. LYG has traded 1.7 million shares so far today and trades 4.2 million shares a day on average. LYG is up $0.30 over the past five trading sessions. Banking stocks have been on a tear the past week or so after last week’s central banks action which lowered borrowing rates for banks. Lloyds Banking Group has a market cap of 29.31 billion.

Tenet Healthcare Corp. (NYSE:THC) is up 11.12% at $4.6450 this morning. THC has traded 2.7 million shares so far today, and trades 10.8 million shares a day on average. THC is bouncing back today after selling off late Friday. Tenet Healthcare has a market cap of 2.02 billion.

Radian Group Inc. (NYSE:RDN) is up 8.04% at $2.42 this morning. RDN has traded 1 million shares so far today and trades on average 5.4 million shares a day. Radian Group has rebounded the last three trading sessions after having a big sell off last Tuesday. RDN has a current market cap of 322.34 million.

Bank of America Corporation (NYSE:BAC) is up 4.17% at $5.88. BAC has traded 94 million shares so far today and trades 271 million shares a day on average. BAC has been steadily going up for the past week now after last week’s major rally following the coordinated central banks’ actions. Bank of America has a market cap of 59.51 billion.

Sprint Nextel Corporation (NYSE:S) is up 0.58% this morning at $2.6150. S has traded 10.9 million shares so far today and trades 62.2 million shares a day on average. S stock rose nearly $0.40 a share last week to $2.80, but has since come back down and is up slightly today. Sprint has a market cap of 7.85 billion.

Human Genome Sciences Inc. (NASDAQ:HGSI) is up 1.85% at $7.71 this morning. HGSI has traded 3.8 million shares this morning and should pass its daily average volume of 6.1 million shares later today. HGSI has moved up $0.70 a share over the past five trading sessions. Human Genome Sciences has a market cap of 1.55 billion.

Huntington Bancshares Inc. (NASDAQ:HBAN) is up 2.11% at $5.32 this morning. HBAN has traded 2.9 million shares so far today and trades 16.1 million shares a day on average. HBAN has followed all the other financial stocks over the past week and has seen gains of more than $0.50 a share in about a week. HBAN has a current market cap of 16.1 million.

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

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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