NYSE:V

Pre Market Movers for July 9: AGP, WCG, SYNC, V, DLTR, ARMH

Wall StreetAmerigroup Corporation (NYSE:AGP) is up 38.65% in pre market trading at $89.21. AGP has traded 126 thousand shares so far today and trades 1.1 million shares a day on average. AGP shares are rallying today on reports that Wellpoint will buy the company for $4.46 billion. The company has a market cap of 3.12 billion. Sign Up For Free Stock Alerts

Wellcare Health Plans, Inc. (NYSE:WCG) is up 14.08% in pre market trading at $60.27. WCG has traded 10 thousand shares this morning and trades 949 thousand shares a day on average. WCG shares had fallen nearly $3 a share last week, before jumping higher this morning. The company has a market cap of 2.28 billion. [Read more...]

Credit Card Jitters – Usage Drops in January. Stocks to Watch – AXP, V, MA, DFS

Wall StreetConsumer credit jumped in January, but there was a caveat – credit card usage declined. This could pressure earnings for card issuers who depend on free-spending consumers. Continued worries surrounding the economy could be causing consumers to pull-back from purchases after the holidays.

Credit has been expanding for five straight months as consumers come back into the light and make big ticket purchases. It could also be the recession lasted so long that big purchases like automobiles etc are in need of replacement. That could be leading to the disconnect between the strength in credit and the decline in credit card usage. [Read more...]

Credit Card Numbers Increase. Stocks to Watch – AXP, V, MA

Stock Market NewsLooks like the American consumer is making a return. And not with the money stuffed in the mattress. Card issuers were more than eager to take advantage of the American consumer returning to the stores. The number of cards issues jumped 14% in 2011 to about 42 million.

In addition to the new cards being issued, the annual rate of Americans failing to pay their credit card bills has dropped to the lowest rate since 1995. It should be noted there was a sequential increase of delinquencies from the third to fourth quarter. The increase of 5% was not big enough to effect the overall decline.

Among analysts there is a hope that this is signalling the end of the unwind of the riskier accounts and now consumers are on a healthier credit footing. One worry for consumers is the rise in gas prices. This could put renewed pressure back on household finances leading to a rise in delinquencies. [Read more...]

Investors Shake off Greek Deal and Jobless Claims Numbers

Stocks are trading flat heading into midday trading as investors shrug off reports of a Greek deal and a drop in jobless claims. Reports came in this morning of a possible deal out of Greece. The deal would allow the financially struggling nation to receive a second bailout package.

Closer to home, jobless claims fell 15,000 to a seasonally-adjusted 358,000 according to the Labor Department. This is the second lowest level in almost four years. Many economists had expected claims to go up 3,000. While jobless claims fell, wholesale inventories rose 1% in December. This was higher than the 0.4% gain analysts were expecting.

Earnings season continues to be busy with companies releasing earnings earlier today and a few slated for after the market close.

Pepsico, Inc. (NYSE:PEP) shares took a hit this morning after the company reported better than expected profits, but guidance saw a 5% decline in 2012 earnings. This decline comes as Pepsico increases advertising and manufacturing costs. The company also announced it will be cutting nearly 9,000 jobs in restructuring. PEP is down 3.84% right now at $64.18.

Credit Suisse Group (NYSE:CS) is seeing a sell off today after the bank posted a quarterly loss. The company reported a net loss of $698 million, analysts were expecting a profit of $471 million. This loss comes as the company took $1.07 billion of charges to speed up cost cutting and dumping of risky assets. CS is down 3.33% at $26.72.

Visa Inc. (NYSE:V) is rallying today after announcing better than expected earnings late yesterday. The company also announced a share repurchase program worth $500 million. Also, many different brokerages increased their target prices for Visa. V is up 4.28% at $112.99.

Cisco Systems, Inc. (NASDAQ:CSCO) is down slightly in midday trading despite posting better than expected results and raising their dividend. CSCO is down 0.08% at $20.4141.

Apple Inc. (NASDAQ:AAPL) share are up today as Canaccord Genuity raised their price target from $650 to $665. Apple shares are up nearly $40 a share in the past week.

Investors will be eying Activision Blizzard, Inc. (NASDAQ:ATVI) and LinkedIn Corporation (NASDAQ:LNKD) as well as other companies after the market close when they report earnings.

After Hours Winners and Losers: AKAM, CVA, V, GRPN, TQNT, EA

Akamai Technologies, Inc. (NASDAQ:AKAM) is up 13.97% in after hours trading at $39.25. AKAM shares are up this afternoon following fourth quarter results. Akamai posted revenue of $324 million, up 14% from the previous year. Profit came in at $0.45 a share, beating Wall Street estimates of $0.40 a share. The company has a market cap of 6.18 billion.

Covanta Holding Corporation (NYSE:CVA) is up 6.31% in after hours trading at $15.50. CVA shares are rallying in after hours trading thanks to good fourth quarter results. Covanta posted adjusted earnings of $0.26 a share, beating analyst estimates of $0.23 a share. Covanta forecasted adjusted 2012 earnings of $0.55-65 a share, beating estimates of $0.59 a share. The company has a market cap of 2.03 billion.

Visa Inc. (NYSE:V) is up 2.45% in after hours trading at $111.00. V shares are up this afternoon thanks to a 16% rise in first quarter profit. Revenue rose 14% to $2.55 a share. The company has a market cap of 74.52 billion.

Groupon, Inc. (NASDAQ:GRPN) is down 12.04% in after hours trading at $21.62. GRPN shares are getting hammered after reporting a fourth quarter loss. Groupon posted a net loss of $0.08 per share, Wall Street was expecting a profit of $0.03 per share. The company has a market cap of 15.68 billion.

TriQuint Semiconductor, Inc. (NASDAQ:TQNT) is down 7.75% in after hours trading at $6.31. TQNT shares are down following the company’s fourth quarter results. TriQuint beat estimates with EPS of $0.08 per share, but guidance came in below expectations. The company has a market cap of 1.14 billion.

Electronic Arts Inc. (NASDAQ:EA) is down 5.98% in after hours trading at $17.15. EA shares are falling this afternoon after the company’s CFO leaves for Polycom. Sources say EA’s CFO was not pushed out and that he left for Polycom to have a more operational role. The company has a market cap of 6.06 billion.

Stocks Struggle In Late Trading as Fed Offers Bleak Forecast. Stocks to Watch: F, MU, NVDA, MS, BAC, V, WMT

Stocks are whipsawing in late day trading as they struggle to get into positive territory. Each of the major indicies are well off their lows earlier today with the Dow losing only 45 points. The Nasdaq is positive slightly and the S&P is down about 4 points with an hour left in the trading day.

Lots of news happening across the markets today with the U.S. GDP being revised and the continued uncertainty in the euro zone. The big news late in the day though was the Fed meeting in which they discuss how to handle the economy. The Fed met earlier this month and one of the things they discussed was how they could let businesses and investors know more about what might trigger increases interest rates. The Fed didn’t make any changes though. Following this meeting, the Fed has an even more dour outlook for the U.S. economy. It predicted that the economy will grow much more slowly and face steeper unemployment than it estimated back in June. Many economists think the Fed should announce a plan to buy back mortgage-backed securities following its Dec. 13 meeting, while others believe the a third round of treasury bond purchases should be done, aka QE3. Bernanke said the economic growth is “frustratingly slow” and the central bank remains “prepared to take action as appropriate to make sure the recovery continues.”

Earlier today, the Commerce Department announced it has revised the third quarter GDP from 2.5% down to 2%. This is the department’s second ‘estimate.’ Many analysts expected 2.5% so this did come as a bit of a surprise to some. The GDP was higher though in the third quarter than the second quarter when it was 1.3%.

Europe continues to be a major problem and fuels uncertainty in the markets. European banks are relying even more on the ECB as central bank funding jumped to a two-year high today. U.S. funds cut back on their lending to these banks as well tightening the lending markets in Europe even more. 178 banks have requested 247 billion euros from the ECB this week. The uncertainty will continue to persist in the markets as long as investors think that the crisis will spread.

Stocks to watch going into the close: Ford Motor Company (NYSE:F), Micron Technology, Inc. (NASDAQ:MU), NVIDIA Corporation (NASDAQ:NVDA), Morgan Stanley (NYSE:MS), Bank of America Corp. (NYSE:BAC), Visa Inc. (NYSE:V) and Wal-Mart Stores, Inc. (NYSE:WMT)

Ford Motor Company (NYSE:F) iis down slightly at $10.05 in late day trading. F has traded 34.29 million shares so far today, about 50% its usually daily volume. Ford has been trending downward for more than a week now and has fallen from over $11.50 to around $10 in that time period. The company has a current market cap of 38.32 billion.

Micron Technology Inc. (NASDAQ:MU) is up 0.66% today at $6.13. MU has traded 29.6 million shares so far today, about 10 million shares short of its daily average. MU dropped back down the past few days after popping on Nov. 16 from $5.50 to nearly $7. The company has a current market cap of 6.09 billion.

NVIDIA Corporation (NASDAQ:NVDA) is up 2.46% at $14.99 today. NVDA has traded 25.3 million shares so far today, 5 million more shares than its daily average. NVDA is up nearly $2 so far this week. The company has a current market cap of 9.08 billion.

Morgan Stanley (NYSE:MS) is down 0.48% today at $13.54. MS has traded 22.7 million shares so far today, way below its daily average of 33.9 million shares. MS has been trading lower most of the month and has fallen more than $5 since the end of October. The company has a current market cap of 26.09 billion.

Bank of America Corporation (NYSE:BAC) is down 2.64% at $5.35. BAC has traded 233 million shares so far today, about 60 million shares short of its daily average. BAC has been trading lower all month and was trading above $6.50 at the first of them month.The company has a current market cap of 54.31 billion.

Visa Inc. (NYSE:V) is down 0.36% at $90.88 in late day trading. V has traded 2.7 million shares so far today, about half its daily average volume. Visa has been trading lower for the past week now and has fallen from $94 to $90. The company has a current market cap of 62.5 billion.

Wal-Mart Stores Inc. (NYSE:WMT) is up slightly in the last hour of trading. WMT is up 0.16% at $56.75. WMT has traded 5.2 million shares so far today, well below its daily average of 12.4 million shares. The company has a current market cap of 195.4 billion.

Stocks With Bullish Engulfing Candlestick Pattern: NVDA, DELL, JEF, ETFC, M, GMCR, CHS, V

Stocks are recovering slightly in late-day trading with the Dow losing 209 points, the Nasdaq losing 39 points and the S&P is losing 18 points. Let’s take a look at a few stocks in a bullish engulfing candlestick pattern. The bullish engulfing candlestick pattern is a bullish signal that occurs when the candlestick for today completely engulfs or covers up the previous day’s candlestick.

Nvidia Corporation (NASDAQ:NVDA) is up 5.60% at $14.71 in late day trading. NVDA has traded 25 million shares so far today, well above its daily average of 19.8 million shares. NVDA started the day down and is looking good heading into the closing bell. The stock had dipped from nearly $15 on Wednesday to under $13.60 today before rallying. The company has a current market cap of $8.93 billion.

Dell Inc. (NASDAQ:DELL) is up 0.34% today at $14.95 today. DELL has traded 22.8 million shares so far today, 2 million less than its daily average. DELL looks to close the day slightly higher after being as low as $14.63 this morning. The company has a current market cap of 27.12 billion.

Jefferies Group, Inc. (NYSE:JEF) is up 0.98% at $10.26 today. JEF has traded 15.4 million shares, 3 times its daily average. Jefferies Group has been reducing their exposure in Europe even more today. The company has a current market cap of 2.27 billion.

E*Trade Financial Corporation (NASDAQ:ETFC) is up 2.43% at $8.43 in late-day trading. ETFC has traded 9.2 million shares so far today, 2 million more than its daily average. ETFC is bouncing today after trading lower the previous 4 trading sessions. The company has a current market cap of 2.40 billion.

Macy’s, Inc. (NYSE:M) is up 2.44% at $31.10 today. M has traded 8.4 million shares today, about 800 thousand shares short of its daily average. A lot of retailers are bracing for Black Friday sales and are hoping for a good showing. The company has a current market cap of 13.06 billion.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is up 4.74% today at $52.84. GMCR has traded 6.7 million shares today. This is short of its daily average of 7.5 million shares. GMCR has been bouncing back the past week after dipping big following earnings. The company has a current market cap of 8.19 billion.

Chico’s FAS Inc. (NYSE:CHS) is up 2.78% today at $11.66. CHS has traded. 5.2 million shares today, 2 million shares more than its daily average. CHS is up ahead of the company’s earnings reported which is expected tomorrow. The company has a current market cap of 2.01 billion.

Visa, Inc. (NYSE:V) is up 0.46% today at $91.23. V has traded 3.1 million shares today, 2 million shares short of its daily average volume of 5.1 million shares. V is recovering slightly today after having three straight red trading sessions. The company has a current market cap of 62.90 billion.

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