Netflix Indicating Big Jump Pre-Market on Earnings Surprise - Top Earnings Stocks Ahead of the Bell: Power-One Inc., Goff Corporation, AMR Corporation, Fannie Mae, Vertex Pharmaceuticals
LONDON, April 23, 2013 /PRNewswire/ --
Market futures are indicating a higher open on Wall Street this morning and so are shares of Netflix, Inc. (NFLX) which are currently indicating an open of over $216 per share after closing at $174 last night. The company is reporting an earnings surprise ahead of the bell on Wall Street this morning and the street likes the numbers, this is an amazing turnaround story for a stock which is now up more than 200% over the last trading year with new subscribers joining, exclusive series release and a much better looking company today.
Shares in Power-One, Inc. (NASDAQ: PWER) were at the center of trading yesterday with the shares moving to the upside by an astonishing 56% on news that the company will be sold to ABB. Rumors swirling around that other bidders like Emerson could be ready to make a fresh bid in a day where the stock traded over a half billion dollars. In news this morning the company is also being investigated ahead of the proposed sale meaning it's likely to be another heavily traded day for the stock.
AMR Corp was once again the heaviest traded stock on the entire OTC market having traded $22 million to close Friday's session. This volume however was much heavier than we saw in last week's trading and that's the main reason we are keeping our eye on shares in this week's trading. AMR Corp closed just under $4.00 once again yesterday and seems to be struggling to get through that level.
Shares in Goff Corporation have been heavily traded for a number of weeks now and the volume was heavier to close once again yesterday. The volume was less than $4 million which is considerably lower than we have seen recently; shares were lower on the day by 27%. It does seem at this point that any potential trading upside will be tough from this point on in shares of GOFF Corporation and we have been reporting this for a week now with the stock trading lower.
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Shares in Vertex Pharmaceuticals (NASDAQ: VRTX) were one of the top performing shares in the US last week as they received extremely positive news on one of their phase 2 treatments being accepted and improvements. Shares were traded heavily to the upside by more than 60% to close last week but so far have traded lower in trading this week as speculators move away from the trade. VRTX did trade to a high of around $87.00 on Friday but this morning shares are around $82 in pre-market activity. The stock is being compared to Gilead Sciences (NASDAQ: GILD) as the next NASDAQ blockbuster company.
Fannie Mae shares were lower on the day in trading to close as we looked at the possibility of the stock surpassing the $1.00 mark once again. Remember we first started covering Fannie Mae at 0.30 cents before it went to $1.50, on the second time around we have been covering since 0.50 cents and has moved almost 100% in less than a month. The stock is currently around the 0.80 cent mark and we will keep an eye on the decreased volume which yesterday was around the $5 million mark.
Recently we have seen bankrupt companies like AMR Corp, Eastman Kodak, Fannie Mae, and GOFF Corp deliver profits from distressed levels that have been substantial for our readers, it just goes to show you that there are plenty of profits to be made by trading the OTC market if you are a prudent investor, or you're a member of our free service http://www.clubpennystock.com
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the small cap markets. Remember you can also view the daily Top Five Stocks on our website under archives.
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