Fiscal Cliff Rally Could be Over as Earnings Season May be Slower Than Expected
NEW YORK, January 8, 2013 /PRNewswire/ --
Earnings season unofficially kicks off today, as a total of 8 companies will be announcing their 4th quarter earnings results. Markets seems to give back some of the profits during the fiscal cliff rally yesterday as the DOW fell 50 points and the S&P fell 4.
The Stock Freak has a team of well diverse market professionals that has combined experience of over 30 years that today are providing members with a quick research report on 5 companies.
Facebook Inc (NASDAQ: FB) - Facebook Continues to be one of the most active stocks on the NASDAQ since its IPO. On Jan 1st 2013 Donald Graham, Director bought 20,835 shares.
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Peregrine Pharmaceuticals Inc (NASDAQ: PPHM) - On Dec 27th 2012 Paul Lytle CFO bought 200,000 shares of PPHM.
World Moto (OTC:FARE) - World Moto has been the most active stock in the OTC markets for roughly 2 weeks. The stock yesterday traded over 71 million shares and gained another 30% from Friday's closing price.
Advanced Cell Tech (OTC:ACTC) - Had a huge volume day on Monday as the stock traded ten times its average volume. The stock closed at $ 0.0899 gaining 12.5% on the day.
Fannie Mae (OTC:FNMA) - As bullish sentiment comes out of wall street for the U.S housing market FNMA has taken this news on a high note. The stock yesterday was among the leaders for most active on the OTC exchange. FNMA closed up 12% trading just over 23 million shares on the day.
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