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
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
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.
If you are looking to know what's going on with these companies on the OTC and
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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
We track the volume and keep in touch with any increasing trends to the upside
or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink
Disclosure: Clubpennystocks is not a registered investment advisor and nothing
contained in any materials should be construed as a recommendation to buy or
sell securities. Investors should always conduct their own due diligence with
any potential investment. Clubpennystocks is a wholly owned entity of a
financial public relations firm. We have not been compensated by any of the
companies listed in this news release.
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