Stock Market Watch

Market Update After Hours November 12

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Summary of the US Stock Markets:  Dow is at 12,815.10 mostly flat for the day -0.31 (0.00%), NASDAQ is at 2,904.26, again flat with a change of -0.61 (-0.02%), and S&P stood at   1,380.03 following a similar tend and staying flat with a change of 0.18 (0.01%).

A quick summary on the earnings reported:  Esco Tech  reports Q4 (Sep) earnings of $0.65 per share; Omeros reports Q3 (Sep) loss of $0.51 per share; Medivation reports Q3 (Sep) loss of $0.06 per share; Exide Tech reports Q2 (Sep) loss of $0.18 per share; Houston American Energy reports Q3 (Sep) pro forma loss of $0.16 per share, Consolidated Water reports Q3 (Sep) earnings of $0.09 per share; Abraxas Petroleum Corp. reports Q3 adj EPS of ($0.01); 3SBIO reports Q3 EPS of $0.22; Sky-mobi reports Q2 (Sep) EPS of $0.00 ; RRSAT Global reports adj net income of $0.12; SouFun Holdings reports Q3 EPS of $0.61

After posting earnings the companies trading higher are: Cornerstone OnDemand, Inc. +8.7%, Diamond Foods, Inc. +5.6%, Pacific Ethanol Inc +5.5%, Ramco-Gershenson Properties Trust +3.8%, NQ Mobile Inc (ADR) +3.6%, Transcept Pharmaceuticals Inc +2.4%, Rex Energy Corporation +0.2%

Companies which are in the red after posting earnings are : Weatherford International Ltd  -1.7%, Hologic, Inc. -1.4%, Einstein Noah Restaurant Group, Inc. -1.2%, WX -1.2%, ESCO Technologies Inc. -0.2%, PerkinElmer, Inc. -0.01%

News that is making rounds

Global market agencies are putting US on the top of the oil producing companies by 2020. Stating that the US will take over the coveted position of most oil producing country from Saudi Arabia.

Oxigene (NASDAQ:OXGN) said a clinical study of its experimental eye-disease treatment Zybrestat showed its potential for treating age-related macular degeneration, a common malady. Shares rose in after-hours trading.

GroupOn (NASDAQ:GRPN) is still critical and in the red. Groupon stock has slumped thirty one percent since the company announced disappointing third-quarter results last week. The Internet coupon selling company  stands at a market capitalization of just $1.8 billion.

Wall Street Journal states that Euro-area finance ministers gave Greece two extra years to wrestle down its budget deficit, pledging to plug the resulting financing gaps in order to keep the country in the single currency and prevent a renewed flareup of the debt crisis. In Greece, lawmakers passed a new austerity budget, and the country’s international lenders drafted a report saying it had made progress in righting its finances. Greece is hoping the other euro countries will give it an additional $40 billion in bailout loans. The budget and the report are crucial steps toward that goal.

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edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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