Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 10/30 close:
Nasdaq Scans 10/30:
Active Options 10/30
After-hours buzz: GoPro, Starbucks & more: http://www.cnbc.com/id/102138592
Citigroup – The bank lowered reported third-quarter results because of legal costs. Its shares slid in after-hours trading.
Expedia – The online travel company gained in after-hours trading after tallying third-quarter results that beat expectations.
GoPro – The action-camera maker reported adjusted quarterly earnings of 12 cents a share on $280 million in revenue, compared to estimates of EPS of 8 cents on $266 million in sales. Its shares jumped in after-hours trading.
LinkedIn – The online professional network posted third-quarter adjusted earnings per share of 52 cents on $568 million in revenue versus expectations of EPS of 47 cents on $558 million in sales. Its shares gained in after-hours trading.
Groupon – The online daily deal service declined in after-hours trading after it posted a third-quarter loss of $21.2 million.
Starbucks – The coffee chain reported quarterly adjusted earnings per share of 74 cents on $4.18 billion in revenue, versus estimates of EPS of 74 cents on $4.23 billion in sales. Its shares declined in after-hours trading.
Tempur Sealy International – The mattress supplier declined in after-hours trading after posting disappointing third-quarter results.
Western Union – The money-transfer company reported a 9 percent increase in quarterly profit, with its shares rising in after-hours trading.
Dow industrials rally thanks to Visa
NEW YORK (MarketWatch) – The Dow Jones Industrial Average dominated Thursday’s trading session, by rallying more than 200 points, owing most of its gains to a jump in Visa Inc. Broader benchmarks also rose, after a pair of upbeat economic reports a day after the Federal Reserve officially announced the conclusion of its bond-purchasing initiative. The Dow Jones Industrial Average DJIA, +1.30% closed 221.24 points, or 1.3%, higher at 17,195.55. The S&P 500 SPX, +0.62% flirted with the 2,000 level, but closed just below, adding 12.34 points, or 0.6%, to 1,994.64. The Nasdaq Composite COMP, +0.37% ended 16.91 points, or 0.4%, higher at 4,566.14.
Gold wilts as Fed signals confidence in economy
SAN FRANCISCO (MarketWatch) — Gold prices sank Thursday, settling below $1,200 for the first time since Oct. 3, after the Federal Reserve pulled the plug on its stimulus program and showed confidence that the U.S. economic recovery is on track.
Gold for December delivery GCZ4, -1.94% skidded $26.30, or 2.2%, to settle at $1,198.60 an ounce. December silver SIZ4, -4.66% dropped 84 cents, or 4.9%, to $16.42 an ounce.
A day earlier, the anticipation of the Fed’s farewell to QE3 did little to inspire gold buying. Gold prices had settled before the Fed announcement. http://www.marketwatch.com/story/gold-wilts-as-fed-signals-confidence-in-economy-2014-10-30
12:53pm breaking a leg up to .01 test now .0085 HOD +226%
12:44pm revving up again .0078 +200%, bounce coming? 1 left @ .003 (was .008 few days ago) .0039 +30%, .01 back +25%.
12:37pm .0029 x .003 bidders coming in
11:49am .0069 +165% holding beautifully, starting to find support .0027/.0029 area, holding .0013 so far, +42% wants to run
11:40am .001 +42% getting ready
PRECIOUS-Gold dips below $1,200/oz after upbeat Fed statement
* Gold slides after Fed shows confidence in economy
* Holdings of largest gold ETF fall to six-year low
* Silver prices fall to lowest in 4-1/2 years (Updates prices, adds comment)
11:08am if it can hold these .002’s expect a quick move back up w/vol
11:04am .0078 +200% when we last played/called we ran over .01 maybe we can do it again!
11:01am still rippin .0071 +169%
10:48am more new highs .0067 +157%, also on watchlist: .0009 +28%
10:42AM .0063 now +142% YES!
10:41am going for .006! last .0059 + 126%
10:17am .0056 +115% holding gains well Bottom Play .0027 x .003 bids coming in
U.S. stocks mixed; Dow rises thanks to Visa
NEW YORK (MarketWatch) – The U.S. stock market opened slightly lower on Thursday, as investors digested robust economic reports a day after the Federal Reserve officially announced the conclusion of its bond-purchasing initiative. Confirming the Fed’s optimistic view on the economy, the first reading of third-quarter GDP came in better than expected, expanding at a 3.5% annualized rate. Weekly jobless claims ticked up, but remain below the 300,000, pointing to an improving labor market. The Dow Jones Industrial Average DJIA, +0.43% defied the general trend and was 81 points, or 0.5%, higher at 17,055.35, helped by a jump in Visa Inc. The S&P 500 SPX, -0.18% was off by a point at 1,981.27. The Nasdaq Composite COMP, -0.46% began the day down 4 points, or 0.1%, at 4,554.58.
9:59am our runner from earlier in the week .0106 +32% coming back. Website Launch Tomorrow
9::57am uting .49 last +16% our long play
9:49am .0051 x .0053 +103%
9:42am .0047 +80% always a nice runner for us!
9:39am .0041 getting hit Nhod should blast off from here
9:33am big ut .0036 x .0038 last +38%
9:31am .0033 nhod +26%
8:42am $HKUP .0026 nice news: iHookup Social Reaches Top 10 in Apple App Store Paid Apps http://finance.yahoo.com/news/ihookup-social-reaches-top-10-121500816.html?soc_src=mediacontentstory via @YahooFinance
Groupon, LinkedIn, Expedia earnings in focus: http://huntforthenext10bagger.com/stockearnings
Great time to load up on stocks, unless you buy into the post-QE disaster scenario:
First look at economy’s third-quarter performance on tap
WASHINGTON (MarketWatch) — The economy probably grew at a healthy pace in the third quarter after an even stronger gain in the spring.
But the outlook for the final three months of the year is still a bit hazy.
The government is likely to report on Thursday that gross domestic product rose at a 3% annual clip from July through September, according to economists polled by MarketWatch. The U.S. expanded at a 4.6% in the second quarter.
Consumer spending, the biggest contributor to GDP growth, probably grew a bit slower than a solid 2.5% rate in the second quarter. Yet business investment and exports are expected to show more pop.What’s less clear is whether those trends will extend into the fourth quarter. For now economists see little chance that growth will slow: the MarketWatch-compiled economist survey predicts the U.S. will expand at a 3% rate from October through December.
In making their case, bullish economists point to another big gain in hiring in September, with the economy adding 248,000 jobs and the official unemployment rate falling below 6% for the first time since 2008. Sinking gasoline prices are also cutting costs for business and putting more money into the pockets of consumers, whose confidence is at a seven-year high, a survey showed earlier this week.
Still, the economy has expanded at an erratic pace since the Great Recession ended five years ago and there are some early signs that the fourth quarter might not be quite as strong as the third.
A surprisingly decline in orders for durable goods in September, for example, suggests that business spending might have slowed at the start of the fourth quarter. The dollar has risen sharply in value vs. other currencies while growth has slowed again in Europe and large swaths of Asia. The combination of a stronger dollar that makes U.S. goods more expensive and weaker foreign economies could turn exports into a weakness instead of a strength.
Sales at U.S. retailers were also soft in September, another potential warning sign.
The housing market, meanwhile, is still not perking up as much as falling mortgage rates would suggest. And car and truck purchases might not be as strong as the year winds down after a big bump in sales in the middle of the year.
Investors will have to wait until next week, however, to get the first batch of reports on how the fourth quarter is shaping up.
The preliminary report on third-quarter GDP will be released at 8:30 a.m. on Thursday. At the same time, the Labor Department is likely to report that jobless claims remained under 300,000 for the seventh straight week. http://www.marketwatch.com/story/first-look-at-economys-third-quarter-performance-on-tap-2014-10-29
U.S. stocks: Futures head south as investors absorb Fed view
Gold prices drop 1.7%; MasterCard, ConocoPhillips to report
MADRID (MarketWatch) — U.S. stock futures pointed to a wary start for Wall Street on Thursday, after what most see as a more hawkish view out of the Federal Reserve, which one strategist says could usher in more volatility for markets.
Futures for the S&P 500 index SPZ4, -0.59% fell 6.3 points to 1,965.90, while those for the Dow Jones Industrial Average DJZ4, -0.17% slipped 44 points to 16,880. Futures for the Nasdaq-100 index NDZ4, -0.67% were off 13 points to 4,058.75.
Wall Street stocks finished with marginal losses on Wednesday after the Fed put the final stage of quantitative easing to bed, but surprised some with a more upbeat view on the labor market and inflation. The Fed said it could raise interest rates sooner than markets have forecast, if the economy expands faster than it expects.
More volatility coming? Jim Reid, strategist at Deutsche Bank, said the surprise was that the Fed chose to be so confident so soon after the recent volatility. “Last night’s statement would have been near impossible to publish two weeks ago, so it is a bit of a risk,” he said in a note. Four reasons the market will rally for the rest of 2014
“As a minimum, the Fed seem quite comfortable withdrawing liquidity from the market, and with that, we continue to think that bouts of volatility are more likely now than they were for most of the two years that QE3 was in existence,” said Reid. Economists reactions to Fed statement: Signs of hawkishness
Investors will get a first look at the economy’s third-quarter performance Thursday, with data due at 8:30 a.m. Eastern Time expected to show a 3% rise in annual gross domestic product. Questions remain, though, on growth in the final three months of the year. See preview
At the same time, weekly jobless claims will be released. Claims stayed below 300,000 last week, something which has held for the last six weeks. http://www.marketwatch.com/story/us-stocks-futures-head-south-as-investors-absorb-fed-view-2014-10-30?dist=beforebell
Homeownership drops to two-decade low
WASHINGTON (MarketWatch) — Showing that the housing market is still far from normal, U.S. homeownership dropped to the lowest rate in two decades, with declines across the country and income spectrum, according to government data released Tuesday.
The U.S. Census Bureau reported that the homeownership rate, which shows the share of occupied homes in which owners live, fell to 64.4% in the third quarter — the leanest result since 1994 — down almost a full percentage point from a year earlier.
“The steady decline in the homeownership rate is partially the result of tight lending conditions and a historically low share of first-time buyers,” Josh Miller, an economist with the National Association of Home Builders, wrote in a blog post. http://www.marketwatch.com/story/homeownership-drops-to-two-decade-low-2014-10-29?dist=beforebell