Stock Market Today

FBOOK ipo running out of time

2011-12-09T08:55:00.001-08:00

There has been chatter in recent weeks of the fbook IPO trying to squeeze in before 2012, but this is starting to look less likely.

There has been a lot of market volatility due to the uncertainty surrounding the Eurozone. The most recent meetings, like all those before them have failed to reveal any real solutions. More short term stop gap measures are introduced, yet an all decisive solution remains illusive.

It would not be in Facebook's best interest to IPO during a time of market volatility and with three weeks remaining in 2012, they are running short on time to bring out this IPO.

Hot Stocks Oct 2nd

2011-11-02T12:59:00.000-07:00

For Oct 2nd, the biggest movers are lead by some small cap names. Sino-Global is a shipping related stock, it is known for its wild rallies which usually end up failing. This 80% move should be no different. For more discussion on hot stocks, visit the boards.

SINO    Sino-Global Ship America Ltd    3.05    81.55%
PEIX(F)    Pacific Ethanol Inc    0.53    25.84%
PNX    Phoenix Companies    1.71    25.74%
SYMS    Syms Corp    9.61    25.29%
CDXS    Codexis Inc    5.51    23.82%
SIMO    Silicon Motion Tech Corp ADS    19.24    22.00%
NOR    Noranda Aluminum Hldg Corp    10.47    21.60%
RTK    Rentech Inc    1.94    20.52%
SBGI    Sinclair Broadcast Group'A'    10.65    19.26%
SMP    Standard Motor Prod    18.61    18.65%

Sino-Global Shipping America, Ltd. is a shipping agency service provider in People’s Republic of China. The Company has offices in the United States in Flushing, New York, Perth, Australia and Hong Kong. Through these offices, the Company coordinates its clients’ shipping needs, including preparing documents, husbanding vessels, working through customs issues, coordinating matters with port authorities, overseeing and settling cargo claims, tracking shipments, recommending trucking, warehousing and complementary services. Its principal geographic market is in the People’s Republic of China.

Hot Stocks Oct 14th

2011-10-14T05:59:00.000-07:00

In pre-market trading we are seeing some strength from Google (GOOG:NASDAQ) which is gapping higher from a spectacular earnings beat last night. Currently looking to open in the $604 range, this puts GOOG at +8% at the open.

Following suit is Apple Inc (AAPL:NASDAQ) which is currently ready to test the 52wk highs with an open at $418, +2%, gapping higher with a number of tech stocks.

Hot stocks for today will largely be limited to the tech sector based upon Google's strong performance, however, the rally has to date has been limited to low volume, increasing the risk of a sharp reversal.

CNBC.com headlines for the morning:

"Futures added to their gains Friday following a better-than-expected retail sales in addition to a strong earnings report from Google and continued optimism over the euro zone will find a solution to its debt crisis."

Hot Stocks

2011-10-12T18:53:00.000-07:00

Going into a record ninth day of this stock market rally, we have a number hot stocks worth mentioning today.

Financial stocks were strong, Bank of America (BAC:NYSE) hit +3.3% closing at $6.58 after selling off from the highs.

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.

Sprint managed to add an impressive +7.9% and closed at $2.57. This moves comes after a sharp sell off from last week when the stock was as hihg as $3.39.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Sprint is a communications company offering a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers. The Company operates in two business segments: Wireless and Wireline. Sprint offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico and the United State’s Virgin Islands.

Strong rebound rally, but can it hold?

2011-09-26T19:33:00.000-07:00

After the share sell off last week, bearishness amongst investors was high going into the weekend. As usual the market likes to do the exact opposite in the following session. Monday was no different as the S&P closed up +2.3%, led higher by banks like JPM (+6.45%) and C (+6.89%).

Sharp rallies like these are often signs of short covering rather than healthy buying. Heading into Tuesday we can probably expect this rally to continue into the morning, but as the week progresses we have a lot of headline risk from Europe to contend with.

For intraday commentary and discussion, drop by the stock market today forum and chat with other traders!

Value Investing

2011-09-20T10:34:00.000-07:00

We are in a period of volatility with headline news creating huge swings in the markets on a weekly basis. The Volatility Index (VIX) has been up in the 30 range which usually means we should expect 2% swings regularly.

At times like this, the conservative investor, now more than ever has to take a value investing approach to their portfolio.

When stocks are being pressured lower by broader market moves, you want to find the high dividend paying, low PE reliable stocks you can tuck away for a few years and collect that fat dividends while you wait for the market to sort itself out.

Defensive plays like biotechs are always a favorite, LLY and PFE are two to consider.

Drop by the thread linked above to get some more information and book recommendations on value investing.

Swiss National Bank intervenes in FX market

2011-09-06T17:22:00.000-07:00

Investors woke to the stock market today with a surprise! The SNB announced overnight that they will peg the Swiss Franc at the 1.20 level by buying foreign currency in "unlimited" quantities.

Markets reacted swiftly with the USDCHF making huge moves at the announcement.

This is basically the Swiss saying that they are now joining in the to the bottom. No longer do they want the deflating US Dollar driving up their currency, they will now use all their resources to print more Francs and similarly flood the market just like Bernanke has been doing.

The markets opened up sharply lower but managed to close a 200 point drop. Leadership stocks were looking good with AAPL managing to close in the $377 range, with striking distance of the recent highs.

The markets looked prime for a move higher tomorrow, but macro economic fears will most likely bring about a second leg lower later this week or early next week.

S&P closes down -2.5%

2011-08-02T14:28:00.000-07:00

The selling pressure was on all day as the stocks sold off from the open right into the close.

Some of the stronger names such as AAPL and NFLX held support levels for the morning, but afternoon sellers started hitting around 14:30, taking AAPL below the support from the previous day. The loss of these levels resulted in stop losses getting hit and an acceleration to levels below $390.

A similar scenario in NFLX when the 13:00 lows were taken out and selling to the $257 level and GOOG to the $590 support levels.

For more on the stock market today visit the stock forums.

Toronto Stocks close in the red

2011-06-13T13:03:00.000-07:00

Another red day for Toronto stocks, led lower by weaker oil prices and precious metals.

Silver stocks took the brunt of the damage from a sharp pull back in the metal with silver futres closing near the lows of the day at $34.72.

First Majestic Silver Corp (FR:TSX) was one of the weaker stocks on the TSX today with a -8% close.

First Majestic Silver Corp. (First Majestic) is a silver mining company. The Company is focused on the business of silver production and the development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. First Majestic has ownership of three producing properties in Mexico: the La Encantada Silver Mine in Coahuila State, the La Parrilla Silver Mine in Durango State, and the San Martin Silver Mine in Jalisco State. It also owns two advanced stage development silver project, the Del Toro Silver Mine and the Real de Catorce Silver Project in San Luis Potosi State. La Parrilla Silver Mine is a producing underground silver mine and processing facility in Durango State, Mexico. It consists of 22 contiguous mining concessions, which provide mineral rights that cover an area of 4,076 hectares. In January 2011, it entered into a letter of intent whereby it has agreed to grant an option to acquire up to 90% in the Jalisco Group of Properties.

S&P loses the 1300 level

2011-06-06T19:12:00.000-07:00

For the 3rd session in a row, the S&P 500 ends up with a loss, adding to the loses from 1345 highs of last week.

Today the S&P closed at 1286, -1% for the stock market today.

The biggest gainer worth noticing was LNKD with a +7% gain.

LinkedIn Corporation (LinkedIn) is a professional network on the Internet with more than 90 million members in over 200 countries and territories. Through the Company’s platform, members are able to create, manage and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its members create profiles that serve as their professional profiles and are accessible by any other member, as well as anyone with an Internet connection. On July 29, 2010, LinkedIn completed the acquisition of mSpoke, Inc. (mSpoke), a provider of next generation personalization solutions. On September 22, 2010, the Company completed the acquisition of ChoiceVendor, Inc. (ChoiceVendor), a provider of real-world ratings and reviews of business-to-business service providers in more than 70 categories across the United States.

Toronto Stocks

2011-05-21T08:04:00.000-07:00

With gold and silver getting so much attention, one North American stock exchange that benefits from volatility in commodities is the TSX.

Toronto Stocks include many names you will already recognize, like RIMM which trades both on the Toronto Stock Exchange and the Nasdaq.

There exists more of a currency risk when trading stocks over on the Toronto exchange due to fluctuations in the US dollar, but if you are looking to get exposure to commodities, the Canadian dollar denominated Toronto stocks are a good idea.

Watch for updates on Reddit.com/r/thestockmarket

2011-05-16T11:00:00.000-07:00

For redditors interested in investing and trading there is reddit.com/r/thestockmarket/

Canadian stocks

2011-05-13T16:49:00.000-07:00

Looking for Canadian Stocks? Drop by the hot canadian stocks section on HSM.

S&P tests 135 area

2011-05-03T10:37:00.001-07:00

Weakness continues from the $137 sell off on the S&P from yesterday.

Watch for more on the stock market from reddit.

Sell off after Osama news

2011-05-02T11:17:00.000-07:00

After a big push in the overnight sessions, markets are pulling back in what might have been a pop and flop.

We shall have to wait to see how the rest of the week plays out with the uptrending supports coming into play on the S&P 500 shortly

AMZN misses EPS, but is forgiven

2011-04-26T17:05:00.000-07:00

After coming in soft and missing the numbers, AMZN sold off -8% but quickly rebounded back almost even.

It looks like a lot of stops got hit on that shake.

Leading sectors

2011-04-25T10:37:00.001-07:00

Home construction and transports helping to the upside today

Twitter

2011-04-24T08:15:00.000-07:00

Silver new highs

2011-04-23T19:55:00.001-07:00

Silver making new highs, watch for a parabolic move higher, but these kind of moves also bring sharp pull backs. Protect long positions with put options which are very cheap with the VIX being so low.

Stock Market Today

2011-04-23T14:20:00.000-07:00

For the latest on what is happening in the stock market today, visit the active and educational thread on our message boards.