Hot Stocks to Watch: SGOC, KERX, CEDC, UAL, GPRC, XRX

Wall StreetThe broader market is getting pummeled this morning on renewed fears over the EU sovereign debt crisis. This time the fears have taken on a political bent as the Socialist candidate in France has force Sarkozy into a runoff slated for May 6. That is the same day Greeks go to the polls. This could blow up the bailout structure in Europe and create further turmoil for core EU countries.

Domestically, investors are reacting to Kellogg’s slashing of its 2012 forecast. Fears of a faltering recovery or a renewed downturn are being played out in the volatility index (VIX), which measures fear in the market. Vix has surged over 15% in morning trading to over 20.

Currently the Dow is off 152, the Nasdaq 51 and the S&P 18. [Read more...]

United, Continental Merger Hits Snags

Stock Market NewsUnited Airlines and Continental Airlines merger hit a few sangs over the weekend when the two combined reservation systems. Flight delays, broken kiosks and jammed phone lines were some of the problems travelers faced this weekend.

On Saturday, United Airlines integrated the reservation platform for Continental Airlines following the merger of the two companies to from the world’s largest airline. The new company is called United Airlines and is owned by United Continental Holdings Inc. (NYSE:UAL). The two companies spend months preparing for this weekend including training more nearly 15,000 workers on the new software. According to spokesman Megan McCarthy, the main problem was the company’s kiosk systems for checking in. Once these started to malfunction, travelers had to line up to see service agents which then caused delays. [Read more...]

Midday Movers for 2/21: PBH, SSN, HL, ALU, FTR, WFT, DAL, CIE, UAL

Floor of the NYSEStocks have turned positive in midday trading after being briefly negative earlier today. The Greek bailout and earnings are sending the major indices higher today. The Dow continues to trade close to the 13,000 mark. The last time the Dow was that high was in May of 2008, before the financial crisis sent the U.S. economy spiraling out of control.

Prestige Brand Holdings, Inc. (NYSE:PBH) is up 19.74% today at $16.17. PBH has traded 4.6 million shares so far today, way above its daily average of 260 thousand shares. PBH are rallying today after Genomma Lab announces non-binding proposal to acquire Prestige Brand Holdings for $16.00 a share in cash. The company has a market cap of 816.58 million. [Read more...]

Active Stocks In Midday Trading: FTR, CSCO, RIMM, HGSI, EMN, UAL

Stocks are slipping in midday trading as GDP numbers came in lower than expected. The economy grew at a 2.8% annual rate in the last three months of the year. Economists were expecting 3% growth. Inventory stockpiling accounted for 1.9% of the GDP in the fourth quarter.If you take that out, the economy only grew at 0.8%. The Dow is currently down 83 points, the Nasdaq is up 5 points and the S&P 500 is down 4 points.

Frontier Communications Company (NASDAQ:FTR) is down 5.15% in midday trading at $4.23. FTR has traded 38.7 million shares so far today, about double its daily average. FTR shares are down about 20% on the year. The company has a market cap of 4.23 billion. Check out one of the best swing traders on the street.

Cisco Systems, Inc. (NASDAQ:CSCO) is down 1.26% today at $19.56. CSCO has traded 27.9 million shares so far today and trades 47.4 million shares a day on average. CSCO shares are dipping a little bit today as the overall market looks weak right now. The company has a market cap of 105.10 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 2.65% in midday trading at $16.70. RIMM has traded 14.1 million shares today and trades 24.4 million shares a day on average. RIMM shares have been bouncing back the past few days after falling more than $2 a share earlier this month. The company has a market cap of 8.62 billion.

Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 8.61% today at $10.60. HGSI has traded 7.5 million shares so far today, 1 million shares more than its daily average. HGSI shares are up more than $3 a share since the start of the year. The company has a market cap of 2.08 billion. Check out one of the best swing traders on the street.

Eastman Chemical Company (NYSE:EMN) is up 4.90% in midday trading at $49.44. EMN has traded 10.8 million shares right now, well above its daily average of 1.6 million shares.EMN shares are up today after the company bought Solutia for $3.4 billion. The company has a market cap of 6.78 billion.

United Continental Holdings (NYSE:UAL) is up 6.36% today at $23.08. UAL has traded 10.5 million shares today, 80% more than its daily average. UAL shares are up today after the company posted fourth quarter results that beat surpassed analysts expectations. The company has a market cap of 7.64 billion.

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