China’s announcement Saturday to revalue the yuan (renminbi) could benefit U.S. companies supplying equipment, energy and industrial commodities to the world’s second largest economy. However, American importers of China-made goods—especially discount retailers— could see its unit prices rise as prices of goods shipped from China increase from a less-favorable exchange rate between the yuan and [...]
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NanoViricides Inc. ($NNVC) Upturns on Positive Anti-HIV Drug Candidates Pre-clinical Studies#url#
NanoViricides Inc. (OTC BB: NNVC) reached its 2010 high on May 4 when the stock hit $2.50. Since then, the company stock price gradually declined due to lack of published results to validate the effectiveness of preclinical trials and the delay in filing an IND to commence clinical trials, a step that was announced for [...]
iCAD Inc. (ICAD) Jumps More than 12%
Shares of iCAD Inc. (NASDAQ: ICAD) jumped more than 12% in today’s trading. The small cap stock opened at $1.75 and reached a high of $1.80. At last check, it was up 12.50% to $1.78, on above average volume of 271,322. Nashua, New Hampshire-based iCAD provides image analysis and workflow solutions that allow radiologists and [...]
Bark Group Inc. (BKPG) Jumps More than 30%
Bark Group Inc. (BKPG) Jumps More than 30% Shares of Bark Group Inc. (OTC: BKPG) jumped more than 20% in today’s trading. The OTC stock reached a high of $0.13 in trading. At last check, it was up 25% to $0.11, with volume up from daily average of 180,000 to 1.50 million. Bark Group Inc. [...]
Dycom Industries Inc. (DY) Closes 12.47% Higher after Q3 Results
Dycom Industries Inc. (DY) Closes 12.47% Higher after Q3 Results Shares of Dycom Industries Inc. (NYSE: DY) surged more than 15% in today’s trading. The stock reached a high of $10.04 in trading before closing at $9.56, with volume up from daily average of 301,000 to 1.03 million. Florida-based Dycom provides specialty contracting services, which [...]
Euro Key to Market Action this Week
By Peter Pritchet Traders and market timers should be watching the Euro closely this week. A break below 1.23 could spell trouble for stocks as hedge funds most likely will run for cover in a manner reminiscent of the days following the demise of Bear Stearns. An unwillingness of the ECB to support the euro [...]
Xerox ($XRX) Reports Soaring Revenue; Posts Loss
Xerox Corp. (NYSE: XRX) posted a 33 percent spike in first-quarter sales Friday, but reported a loss for the first quarter mostly due to the purchase of Affiliated Computer Services Incorporated (ACS). The printer-and-copier maker finalized its acquisition of Affiliated Computer Services during the first quarter in a deal worth $6.4 billion. The acquisition extends [...]
Bernanke Fights for Control of Small Banks
Federal Reserve Chairman Ben Bernanke kicked off his campaign to stop Congress from wresting control of the Fed’s oversight of small banks, arguing that the Fed’s access to the data gained from an oversight relationship with the nation’s community banks aids in setting monetary and other policies. In a speech to the Independent Community Bankers [...]
Obama to Congress: Pass Financial Reform Quickly
The U.S. financial system needs overhaul so the American people are safeguarded, banks stabilized and the economy is prevented from sliding into depression, president Barack Obama said Saturday. Obama in his weekly radio address pressed Congress to act diligently and pass “commonsense rules that will our allow markets to function fairly and freely while reining [...]