Monday, May 14, 2012

Hot stock to watch May 15 2012

Hot stock to watch May 15 2012 : U.S. stocks declined, sending the Dow Jones Industrial Average to the lowest level since January, as Greece struggled to form a new government amid growing speculation the nation may leave the European currency.

Financial and energy shares fell the most among 10 groups in the Standard & Poor’s 500 Index. JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) sank at least 2.6 percent as European lenders slumped. Alcoa Inc. (AA) and Schlumberger Ltd. (SLB) slid more than 1.5 percent to pace declines in commodity producers. Symantec Corp. (SYMC), the biggest seller of security software, retreated 1.4 percent after Goldman Sachs Group Inc. cut its recommendation.

The S&P 500 slid 1.1 percent to 1,338.35 at 4 p.m. New York time, the lowest since Feb. 2. The Dow fell 125.25 points, or 1 percent, to 12,695.35. The Chicago Board Options Exchange Volatility Index, which measures the cost of using options as insurance against S&P 500 losses, rose 10 percent to an almost four-month high of 21.87. About 6.6 billion shares changed hands on U.S. exchanges, in line with the three-month average.

Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 4:40 p.m. in New York.

Standard & Poor’s 500 Index futures expiring in June fell 0.1 percent to 1,333.10.

Agilent Technologies Inc. (A) rose 2.6 percent to $39.90. The maker of scientific-testing equipment reported earnings in the second quarter were 78 cents a share, topping the average analyst estimate by 5 cents.

Groupon Inc. (GRPN) rallied 13 percent to $13.23. The largest daily coupon site posted a first-quarter profit of 2 cents a share, exceeding the average analyst estimate of 1 cent. The Chicago-based company also forecast revenue in the second quarter will be as much as $590 million, beating the $558.7 million projected by analysts.

Millennial Media Inc. (MM) slumped 9.1 percent to $14.05. The second-largest mobile-advertising company forecast sales in 2012 will be no more than $176 million, falling short of the average analyst estimate of $202.8 million.

Opnet Technologies Inc. (OPNT) added 3.9 percent to $22.97. The software maker reported fourth-quarter earnings of 21 cents a share, beating the average analyst estimate by 1 cent.

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