Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 9/29 close:
Nasdaq Scans 9/29:
Active Options 9/29:
After-hours buzz: Cintas, Ford, Synnex & more
Synnex- Shares rallied after the computer hardware producer beat Wall Street forecasts as sales growth in its technology solutions sector came in stronger than expected.
Computer Sciences- The company’s shares continued to move higher after the bell. It spiked moments before the market close on media reports that it was mulling a leveraged buyout.
Ford – Shares tumbled further after hours, having ended the regular session down more than 7 percent, after CFO Bob Shanks said the company’s profit margins would come in at the low end of its previous guidance of between 8 percent and 10 percent. Shares were down more than 1 percent in extended trading.
Cintas- Shares added about 2 percent after the uniform maker reported adjusted first-quarter earnings of78cents per share on $1.1 billion in revenue, up modestly from a year ago and in line with Street estimates.
FedEx – The world’s largest express transportation provider said it plans to buy back up to 15 million shares, sending shares higher after the bell.
Tibco – Shares of the cloud software maker cooled after the bell, having closed more than 21 percent higher after it announced plans to sell itself to private equity firm Vista Equity Partners for $4.3 billion.
U.S. stocks recover from session lows
NEW YORK (MarketWatch) — U.S. stocks recovered from early morning selling bout, but still finished lower on Monday, as investor confidence was hit by violent unrest in Hong Kong and a brief spike in the dollar.
Skittishness receded somewhat after better-than-expected consumer spending data, but investors kept to safe havens such as Treasurys , shunning riskier assets like stocks.
The S&P 500 SPX, -0.25% closed down 5 points, or 0.3%, to 1,977.80, with energy and materials leading the losses. The Dow Jones Industrial Average DJIA, -0.25% dropped 41.93 points, or 0.3%, to 17,071.22. The Nasdaq Composite COMP, -0.14% shed 6.34 points, or 0.1%, to 4,505.85.
Two big events to watch during the week: “For us, this week is about two things: ECB [European Central Bank] policy and nonfarm payrolls,” said Wouter Sturkenboom, a London-based investment strategist at Russell Investment, referring to Thursday’s ECB meeting and Friday’s payrolls. He said traders are expecting a robust payrolls growth number of around 215,000. “Anything that upsets that expectation will cause volatility, but that volatility could go either way.” http://www.marketwatch.com/story/us-stocks-futures-fall-amid-hong-kong-unrest-data-jitters-2014-09-29?link=MW_home_latest_news
Top 20 OTC % Runners so far Today! (Click it to see it bigger)
1:06pm .1248 +11.4% & .0007 +16.7% holding well considering the market today.
S&P 500 whipsaws at major support, nice recovery on the Dow!
The S&P 500 Index has staged three straight intraday whipsaws around major technical support.
The specific level rests at its 50-day moving average — currently S&P 1,977 — and this area remains the immediate bull-bear battleground.
Pending home sales fall 1% in August
WASHINGTON (MarketWatch) — A gauge of pending home sales fell 1% in August, pulling back from an 11-month high in July, the National Association of Realtors reported Monday. Signaling that upcoming closings of existing homes are likely to slow down, the index of pending home sales hit a seasonally adjusted 104.7 in August, compared with 105.8 in July. Last month’s drop is likely due to waning investor activity as the pool of cheap, distressed properties dries up. By region, August’s gauge of pending home sales fell 3% in the Northeast, 2.1% in the Midwest and 1.4% in the South. Meanwhile, the gauge rose 2.6% in the West. Rising mortgage rates and prices cut home sales this year, and August’s gauge of pending deals was down 2.2% from the year-earlier period. Existing-home sales for all of 2014 are expected to hit 4.94 million, below 2013’s final tally of 5.09 million, NAR forecast. Pending sales typically close within two months. An index reading of 100 equals 2001’s average contract activity level. http://www.marketwatch.com/story/pending-home-sales-fall-1-in-august-2014-09-29-109108
10:12am .0007 nibs hod +16% wall could crumble here. Lots of eyes on this for bounce
10:09am no follow- thru so far still on radar
10:05am .12 fresh hod +7.1%
9:56am adding more @ .0006 here
9:55am .119 +6.2% hod
Dow, Nasdaq down 1% in open
U.S. stocks opened lower on Monday after protests in Hong Kong rattled global markets, while investors looked ahead to a week of economic reports.
“It’s a familiar story of global usurping steady economic growth in the U.S,” Art Hogan, chief market strategist at Wunderlich Securities said. “On the way to Friday we’ve got a host of things that could move markets around.” http://www.cnbc.com/id/102040624
Also on bounce watch are Bottom Plays .0015 & .0006
.10’s Acquisition News out~ Labor SMART, Inc. Acquires Kwik Jobs, Inc. Operating Assets
U.S. consumer spending jumps 0.5% in August
WASHINGTON (MarketWatch) – Consumer spending rebounded toward the end of the summer as Americans boosted outlays by 0.5% in August after no change in July, suggesting the economy continued to grow at a moderate pace in the third quarter. Consumers spent more on heavy-duty items such autos and less on nondurable goods like gasoline. Durable outlays leaped 1.8% and service spending also rose 0.5%. Spending on nondurables dropped 0.3%. Incomes increased 0.3% last month, as did disposable income, or money left over after taxes. Economists polled by MarketWatch had forecast a seasonally adjusted 0.4% increase in spending and a 0.3% gain in income. Since spending rose faster than incomes, the amount of money individuals save fell to 5.4% from a 20-month high of 5.6% in July. Meanwhile, inflation as gauged by the PCE price index was flat in August, though the core rate excluding food and energy edged up 0.1%. Over the past year the PCE index has risen 1.5%, down from 1.6% in the prior month. Inflationary pressure has cooled off since the late spring, giving consumers a bit more money to spending in real terms. Inflation-adjusted spending also rose 0.5% in August, marking the biggest increase since a 0.6% gain in March. The increase in March was the strongest since the U.S. exited recession in mid-2009. In July, spending was revised up to unchanged from an initial reading of a 0.1% decline.
Gold prices sneak higher ahead of busy week of economic data
Jobs report looms at the end of the week
LOS ANGELES (MarketWatch) — Gold bugs on Monday enjoyed a slight respite from all the declines, but they could be in for another rough week if the next batch of economic numbers, notably the jobs report at the end of the week, shows further improvement.
At last check, gold for December delivery GCZ4, +0.61% was up $2.10 to $1,217.50 an ounce. December silver SIZ4, +0.39% dipped 3 cents to $17.55 an ounce. http://www.marketwatch.com/story/gold-prices-sneak-higher-ahead-of-busy-week-of-economic-data-2014-09-29?dist=beforebell
Dollar hits highest level in over 6 years
The dollar hit its highest level in over six years against the yen and a 22-month high against the euro on Monday as investors bought the greenback on expectations that the monetary policy stances of the U.S. and its peers will continue to drift apart. http://www.marketwatch.com/story/dollar-hits-highest-level-in-over-6-years-versus-yen-2014-09-29-21031136?dist=beforebell
U.S. stocks: Futures fall amid Hong Kong unrest, data jitters
DreamWorks, Yahoo, Janus could move ahead of the open
MADRID (MarketWatch) — U.S. stock futures were under pressure on Monday, on unrest in Hong Kong, an even-stronger dollar gains and expectations for strong jobs data later in the week.
Futures for the Dow Jones Industrial Average DJZ4, -0.58% fell 62 points, or 0.5%, to 16,954, while those for the S&P 500 SPZ4, -0.59% eased 7.1 points, or 0.4% to 1,968.80. Futures for the Nasdaq-100 index NDZ4, -0.40% dropped 15 points, or 0.4%, to 4,030.75.
Violent pro-democracy protests in Hong Kong over the weekend and on Monday forced some banks and businesses to close and hammered the Hang Seng Index HSI, -1.90% 1.9% lower. Meanwhile, the dollar hit its highest level in over six years on the view that the U.S. central bank and its global peers are headed in different directions on monetary policy.
Wouter Sturkenboom, London-based investment strategist at Russell Investment, said the related futures pullback is a bit bigger than he would have expected, and he expects it will likely reverse throughout the course of the day. U.S. stocks staged a rally on Friday, but closed the week in the red due to a big rout on Thursday. Read: Investors likely to focus on jobs data
The two big events this week: “For us, this week is about two things: ECB [European Central Bank] policy and nonfarm payrolls,” said Sturkenboom, referring to Thursday’s ECB meeting and Friday’s payrolls. He said traders are expecting a robust payrolls growth number of around 215,000. “Anything that upsets that expectation will cause volatility, but that volatility could go either way.” Read: Big rebound seen for U.S. jobs growth
As part of a full week for data, personal income and consumer-spending data for August will be released at 8:30 a.m. Eastern Time on Monday. Pending home sales for August are out at 10 a.m. Eastern.
Chicago Fed President Charles Evans will appear on CNBC at 8 a.m. Eastern, then give a speech on current economic conditions to the National Association for Business Economics meeting in Chicago at 9 a.m. Eastern. Evans will be a voting member of the Fed policy committee in 2015.
Stocks to watch: DreamWorks Animation SKG DWA, +20.75% was jumping in premarket after The Hollywood Reporter said Japanese conglomerate SoftBank 9984, -1.18% is looking to acquire the animation studio.
Athlon Energy Inc ATHL, +2.61% was also moving higher on news Encana Corp. ECA, +0.86% ECA, +1.46% will buy it for $5.93 billion in cash.
European Union regulators are expected to publish a report as soon as Monday showing tax practices granted to Apple Inc. AAPL, -1.17% and Fiat SpA F, -0.19% violated EU law, The Wall Street Journal reported, citing sources.
Late Friday, Yahoo! Inc. YHOO, +0.54% Chief Executive Officer Marissa Mayer said the company is reviewing a letter from activist investor Starboard Value, urging it to combine with AOL Inc. AOL, +3.68%
Options contracts on shares of Alibaba Group Holding Ltd. BABA, -0.29% are expected to come available on Monday.
Cal-Main Foods Inc. CALM, -1.48% is due to report results ahead of the market’s open.
Janus Capital Group Inc. JNS, -1.32% could stay active after Pimco founder Bill Gross’s decision to join the firm. Pacific Investment Management Co. suffered around $10 billion in withdrawals following Gross’s exit Friday. http://www.marketwatch.com/story/us-stocks-futures-fall-amid-hong-kong-unrest-data-jitters-2014-09-29