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How will the stock market open on Friday - May 8, 2009? The Dow Jones and Stock Market Futures are pointing toward a higher open for pre market. Check out technical analysis for May 8.
Stock Market Futures 5/8/09 - Pre Market Trading - Updated 7:15am Est
Dow Jones Futures - Up 109
S&P 500 Futures - Up 13.25
Nasdaq Futures - Up 15
Nikkei - 9432.83 Up 47.13
Oil Futures - 57.86
Gold Futures - 916.60
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Thursday, May 7, 2009
Dow Jones Analysis 5/8/09 Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/8/09Dow Jones Support & Resistance Levels - May 8, 2009
Resistance Levels: 8500, 8700
Support Levels: 8300, 8190, 8000
http://stockcharts.com/ - Chart
The Dow Jones pulled back today after making a new high in the morning. The stock market appears to like the results of the stress test because the bank stocks are screaming higher in afterhours. Keep an eye on 8577 which was the high on Thursday. A break through that level could send the Dow to retest 8700. I love pullbacks to the 10 day moving average for a trade. The 10 day moving is currently at 8244.40. The overall trend is still bullish. For More Technical Analysis - Go Here
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Dow Jones Close 5/7/09 - Stock Market Closing Prices
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Stock Market Closing Prices - 5/7/09
Dow Jones Industrial Average ( DJIA ) Close - 8409.85 Down 102.43
Nasdaq Stock Market Close - 1716.24 Down 42.86
S&P 500 Close - 907.39 Up 12.24
http://dowjonesclose.com/
Libor Rates - 5/07/09 - Mortgage Rates
Commodities Closing Prices - 5/7/09
Gold - 911.20
Oil - 56.37
Natural Gas - 4.16
The Dow Jones Industrial Average closed at 8409 on 5/7/09, as the stock market sold off after stocks gapped up huge in pre market trading. The Dow Jones Futures were up nicely early in the morning but then spiked higher on a better then expected initial jobless claims figure. Bank Stocks were on fire in pre market for no apparent reason that I can think of. At the open, the bank stocks sold off big time! Citigroup went from $4.40 to $3.50, Bank of America went from $15 to $13, and Financial Bull ( FAS ) went from $13 to $10. In the last hour of trading, the stock market came off the lows as Wall Street prepares for more details on the Stress Test tonight and the jobs report at 8:30am est tomorrow.
Check out the stocks to watch for Friday.
I will also have technical analysis of the stock market tonight - Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Stock Market Closing Prices - 5/7/09
Dow Jones Industrial Average ( DJIA ) Close - 8409.85 Down 102.43
Nasdaq Stock Market Close - 1716.24 Down 42.86
S&P 500 Close - 907.39 Up 12.24
http://dowjonesclose.com/
Libor Rates - 5/07/09 - Mortgage Rates
Commodities Closing Prices - 5/7/09
Gold - 911.20
Oil - 56.37
Natural Gas - 4.16
The Dow Jones Industrial Average closed at 8409 on 5/7/09, as the stock market sold off after stocks gapped up huge in pre market trading. The Dow Jones Futures were up nicely early in the morning but then spiked higher on a better then expected initial jobless claims figure. Bank Stocks were on fire in pre market for no apparent reason that I can think of. At the open, the bank stocks sold off big time! Citigroup went from $4.40 to $3.50, Bank of America went from $15 to $13, and Financial Bull ( FAS ) went from $13 to $10. In the last hour of trading, the stock market came off the lows as Wall Street prepares for more details on the Stress Test tonight and the jobs report at 8:30am est tomorrow.
Check out the stocks to watch for Friday.
I will also have technical analysis of the stock market tonight - Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Stocks to Buy May 8, 2009 5/8/09
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Thursday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for May 8, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here
Stocks to Watch - 5/8/09 - Stock Market Ideas
Financials: After skyrocketing in pre market on Thursday, the bank stocks came back to reality as we await further details on the bank stress tests at 5pm. On Friday morning, we will receive the employment data and unemployment rate figure for April. This has the opportunity to be a market moving event. I will be watching the following bank stocks for a possible trade right after the open on May 8th. My goal is for these stocks to gap down in pre market and then turn around right after stocks open. If this becomes reality, I will buy them as they are breaking through their high of the day and selling them into strength.
Citigroup ( C ) - For the long term, once $4.48 is closed over, its off to the races
Bank of America Corporation (BAC) - As long as it holds $12, I like B of A stock!
Financial Bull 3x ( FAS ) - Needs to hold $10, a close over $12.53 would be huge
Financial Bear 3x ( FAZ ) - FAZ stock plunged this past week, hasn't closed over the 10 day moving average since it broke $100 on March 10th. The 10 day moving average is $7.15 and getting lower everyday. A close over the 10 day could signal it's time to get back into FAZ.
Wells Fargo ( WFC ) - Has to hold $24
Cell Therapeutics, Inc. (CTIC) - CTIC reported earnings on Thursday, ripped higher in pre market, and then sold off throughout the day. The previous resistance level was the April high of $0.97. On Wednesday, CTIC stock ripped through that and spiked to $1.85. On Thursday, we had the first successful retest of $0.97 and it held. $0.97 is now a critical support level and would have my stop loss order ready to trigger at $0.96. The next major support level would be in the low $0.70's.
Fortress Investment Group LLC (FIG) - FIG has been tanking over the past two trading days but is a great trading stock to buy. FIG stock has nice volume, is on traders radars, has Guy Adami of CNBC Fast Money backing it, and is very volatile. FIG has nice support between $4.80-$5, resistance at $6.50 & $7.10.
MGM Mirage (MGM) - The casino stocks have cooled down recently after being scorching hot! Tuesday's low of $10.75 must hold or things could get ugly but present a good buying opportunity under $10. For Las Vegas Sands Corp. (LVS), support appears to be solid at $9.
Other Stocks to Watch - 5/8/09
Vanda Pharmaceuticals, Inc. (VNDA)
Prudential Financial, Inc. (PRU)
Capital One Financial Corp. (COF) - Jim Cramer said sell on Thursday
THQ Inc. (THQI)
Lamar Advertising Co. (LAMR)
Office Depot, Inc. (ODP)
Genworth Financial Inc. (GNW)
UltraShort Real Estate ProShares (SRS)
UltraShort Financials ProShares (SKF)
Huntington Bancshares Inc. (HBAN)
Fifth Third Bancorp (FITB)
Penny Stocks to Watch: May 8, 2009
Noble International, Ltd. (NOBL)
La Jolla Pharmaceutical Co. (LJPC) - Going up on the VNDA news
Nextwave Wireless Inc. (WAVE)
Oscient Pharmaceuticals Corp. (OSCI)
NexMed Inc. (NEXM)
Sunesis Pharmaceuticals Inc. (SNSS)
Lear Corp. (LEA)
Cortex Pharmaceuticals Inc. (COR)
Hemispherx Biopharma, Inc. (HEB)
Biopure Corp. (BPUR)
Cell Genesys, Inc. (CEGE)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Thursday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for May 8, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here
Stocks to Watch - 5/8/09 - Stock Market Ideas
Financials: After skyrocketing in pre market on Thursday, the bank stocks came back to reality as we await further details on the bank stress tests at 5pm. On Friday morning, we will receive the employment data and unemployment rate figure for April. This has the opportunity to be a market moving event. I will be watching the following bank stocks for a possible trade right after the open on May 8th. My goal is for these stocks to gap down in pre market and then turn around right after stocks open. If this becomes reality, I will buy them as they are breaking through their high of the day and selling them into strength.
Citigroup ( C ) - For the long term, once $4.48 is closed over, its off to the races
Bank of America Corporation (BAC) - As long as it holds $12, I like B of A stock!
Financial Bull 3x ( FAS ) - Needs to hold $10, a close over $12.53 would be huge
Financial Bear 3x ( FAZ ) - FAZ stock plunged this past week, hasn't closed over the 10 day moving average since it broke $100 on March 10th. The 10 day moving average is $7.15 and getting lower everyday. A close over the 10 day could signal it's time to get back into FAZ.
Wells Fargo ( WFC ) - Has to hold $24
Cell Therapeutics, Inc. (CTIC) - CTIC reported earnings on Thursday, ripped higher in pre market, and then sold off throughout the day. The previous resistance level was the April high of $0.97. On Wednesday, CTIC stock ripped through that and spiked to $1.85. On Thursday, we had the first successful retest of $0.97 and it held. $0.97 is now a critical support level and would have my stop loss order ready to trigger at $0.96. The next major support level would be in the low $0.70's.
Fortress Investment Group LLC (FIG) - FIG has been tanking over the past two trading days but is a great trading stock to buy. FIG stock has nice volume, is on traders radars, has Guy Adami of CNBC Fast Money backing it, and is very volatile. FIG has nice support between $4.80-$5, resistance at $6.50 & $7.10.
MGM Mirage (MGM) - The casino stocks have cooled down recently after being scorching hot! Tuesday's low of $10.75 must hold or things could get ugly but present a good buying opportunity under $10. For Las Vegas Sands Corp. (LVS), support appears to be solid at $9.
Other Stocks to Watch - 5/8/09
Vanda Pharmaceuticals, Inc. (VNDA)
Prudential Financial, Inc. (PRU)
Capital One Financial Corp. (COF) - Jim Cramer said sell on Thursday
THQ Inc. (THQI)
Lamar Advertising Co. (LAMR)
Office Depot, Inc. (ODP)
Genworth Financial Inc. (GNW)
UltraShort Real Estate ProShares (SRS)
UltraShort Financials ProShares (SKF)
Huntington Bancshares Inc. (HBAN)
Fifth Third Bancorp (FITB)
Penny Stocks to Watch: May 8, 2009
Noble International, Ltd. (NOBL)
La Jolla Pharmaceutical Co. (LJPC) - Going up on the VNDA news
Nextwave Wireless Inc. (WAVE)
Oscient Pharmaceuticals Corp. (OSCI)
NexMed Inc. (NEXM)
Sunesis Pharmaceuticals Inc. (SNSS)
Lear Corp. (LEA)
Cortex Pharmaceuticals Inc. (COR)
Hemispherx Biopharma, Inc. (HEB)
Biopure Corp. (BPUR)
Cell Genesys, Inc. (CEGE)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Mortgage Rates Today 5/7/09 May 7, 2009
You can find an index of historical mortgage rates by going to
http://www.dowjonesclose.com/mortgagerates.html
Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today's Mortgage Rates out of Wells Fargo.
Loan Type - Interest Rate - APR - 5/07/09
40-Year Fixed 6.625% 6.827%
30-Year Fixed 4.750% 4.960%
20-Year Fixed 4.875% 5.163%
15-Year Fixed 4.500% 4.862%
5-Year ARM 3.875% 4.155%
For Previous Mortgage Rates - Click Here
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http://www.dowjonesclose.com/mortgagerates.html
Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today's Mortgage Rates out of Wells Fargo.
Loan Type - Interest Rate - APR - 5/07/09
40-Year Fixed 6.625% 6.827%
30-Year Fixed 4.750% 4.960%
20-Year Fixed 4.875% 5.163%
15-Year Fixed 4.500% 4.862%
5-Year ARM 3.875% 4.155%
For Previous Mortgage Rates - Click Here
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Biggest Stock Gainers 5/7/09 May 7, 2009
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Today, May 7, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009. You can find yesterday's Top Gainers Report Right Here
Top Stocks 5/7/09 - Biggest Gainers Today
Vanda Pharmaceuticals, Inc. (VNDA)
Ternium S.A. (TX)
Brookdale Senior Living Inc. (BKD)
THQ Inc. (THQI)
Eclipsys Corp. (ECLP)
Capital One Financial Corp. (COF)
Tenneco Inc. (TEN)
CTC Media, Inc (CTCM)
Lamar Advertising Co. (LAMR)
Bon-Ton Stores Inc. (BONT)
Hansen Medical, Inc. (HNSN)
Corrections Corp. of America (CXW)
PSS World Medical Inc. (PSSI)
Bank of America (BAC)
CIGNA Corp. (CI)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Today, May 7, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009. You can find yesterday's Top Gainers Report Right Here
Top Stocks 5/7/09 - Biggest Gainers Today
Vanda Pharmaceuticals, Inc. (VNDA)
Ternium S.A. (TX)
Brookdale Senior Living Inc. (BKD)
THQ Inc. (THQI)
Eclipsys Corp. (ECLP)
Capital One Financial Corp. (COF)
Tenneco Inc. (TEN)
CTC Media, Inc (CTCM)
Lamar Advertising Co. (LAMR)
Bon-Ton Stores Inc. (BONT)
Hansen Medical, Inc. (HNSN)
Corrections Corp. of America (CXW)
PSS World Medical Inc. (PSSI)
Bank of America (BAC)
CIGNA Corp. (CI)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Hot Penny Stocks 5/7/09 May 7, 2009
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Today, 5/7/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here
There are so many penny stocks breaking out today that I will just list the companies instead of why they are going up....sorry about this!!
Penny Stock Gainers - May 7, 2009
La Jolla Pharmaceutical Co. (LJPC)
Vonage Holdings Corporation (VG)
NexMed Inc. (NEXM)
LogicVision Inc. (LGVN)
Compton Petroleum Corp. (CMZ)
Hemispherx Biopharma, Inc. (HEB)
Lear Corp. (LEA)
Zhone Technologies Inc. (ZHNE)
Edge Petroleum Corp. (EPEX)
Corus Bankshares Inc. (CORS)
Keryx Biopharmaceuticals Inc. (KERX)
Oscient Pharmaceuticals Corp. (OSCI)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stock Message Board
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Today, 5/7/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here
There are so many penny stocks breaking out today that I will just list the companies instead of why they are going up....sorry about this!!
Penny Stock Gainers - May 7, 2009
La Jolla Pharmaceutical Co. (LJPC)
Vonage Holdings Corporation (VG)
NexMed Inc. (NEXM)
LogicVision Inc. (LGVN)
Compton Petroleum Corp. (CMZ)
Hemispherx Biopharma, Inc. (HEB)
Lear Corp. (LEA)
Zhone Technologies Inc. (ZHNE)
Edge Petroleum Corp. (EPEX)
Corus Bankshares Inc. (CORS)
Keryx Biopharmaceuticals Inc. (KERX)
Oscient Pharmaceuticals Corp. (OSCI)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stock Message Board
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Baltic Dry Index Shipping Rates 5/7/09 BDI
The following is a report on Dry Bulk Shipping Rates for 5/7/09. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt!
http://dryindex.com - Discuss Stocks - http://stockstobuy.org
Dry Bulk Shipping Rates - May 7, 2009 - Up 5 Straight Days
Baltic Dry Index ( BDI ) - 2194 Up 129
Baltic Cape Index ( BCI ) - 3046 Up 178
Baltic Panamax Index ( BPI ) - 2084 Up 189
Supramax Index ( BSI ) - 1497 Up 49
Past Bulk Shipping
Discuss the Baltic Dry Index - Click Here
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http://dryindex.com - Discuss Stocks - http://stockstobuy.org
Dry Bulk Shipping Rates - May 7, 2009 - Up 5 Straight Days
Baltic Dry Index ( BDI ) - 2194 Up 129
Baltic Cape Index ( BCI ) - 3046 Up 178
Baltic Panamax Index ( BPI ) - 2084 Up 189
Supramax Index ( BSI ) - 1497 Up 49
Past Bulk Shipping
Discuss the Baltic Dry Index - Click Here
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Bank Stocks May 7, 2009 5/7/09 - BAC
The financial stocks are exploding to the upside today as we await the actual results from the stress tests after the bell today. Just look at some of these gains in pre market today. It looks like a massive short squeeze to me! Wal Mart ( WMT ) reported better then expected same store sales which is adding fuel to the fire as well.
Discuss Stocks - www.stockstobuy.org
Bank Stocks - 5/7/09
Citigroup, Inc. (C) - $4.32 Up 11.92%
Bank of America Corporation (BAC) - $14.53 Up 14.50%
Direxion Financial Bull 3X Shares (FAS) - $12.71 Up 11.22%
Wells Fargo & Company (WFC) - $28.23 Up 5.18%
American International Group, Inc. (AIG) - $2.09 Up 13.59%
Fannie Mae (FNM) - $0.96 Up 7.87%
Freddie Mac (FRE) - $1.05 Up 11.70%
Huntington Bancshares Inc. (HBAN) - $3.95 Up 14.49%
Fifth Third Bancorp (FITB) - $6.41 Up 21.45%
General Electric Co. (GE) - $14.31 Up 4.68%
General Motors Corporation (GM) - $1.75 Up 5.42%
Capital One Financial Corp. (COF) - $26.68 Up 19.43%
Direxion Financial Bear 3X Shares (FAZ) - $4.66 Down 11.07%
UltraShort Financials ProShares (SKF) - $39.67 Down 7.74
Check out my report on March 10th, 2009
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Bank Stocks - 5/7/09
Citigroup, Inc. (C) - $4.32 Up 11.92%
Bank of America Corporation (BAC) - $14.53 Up 14.50%
Direxion Financial Bull 3X Shares (FAS) - $12.71 Up 11.22%
Wells Fargo & Company (WFC) - $28.23 Up 5.18%
American International Group, Inc. (AIG) - $2.09 Up 13.59%
Fannie Mae (FNM) - $0.96 Up 7.87%
Freddie Mac (FRE) - $1.05 Up 11.70%
Huntington Bancshares Inc. (HBAN) - $3.95 Up 14.49%
Fifth Third Bancorp (FITB) - $6.41 Up 21.45%
General Electric Co. (GE) - $14.31 Up 4.68%
General Motors Corporation (GM) - $1.75 Up 5.42%
Capital One Financial Corp. (COF) - $26.68 Up 19.43%
Direxion Financial Bear 3X Shares (FAZ) - $4.66 Down 11.07%
UltraShort Financials ProShares (SKF) - $39.67 Down 7.74
Check out my report on March 10th, 2009
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Cell Therapeutics (CTIC) Stock May 7, 2009
Cell Therapeutics ( CTIC ) reported earnings today, 5/7/09. CTIC stock is trading up in pre market: $1.59 Up 25.36%
Discuss Stocks - www.stockstobuy.org
CTIC Stock News - 5/7/09
Cell Therapeutics Reports 76% Decrease in First Quarter 2009 Net Loss Attributable to Common Shareholders; Completion of Pixantrone NDA Submission on Track for Second Quarter 2009
Pixantrone Named-Patient Program Initiated in Europe
Cell Therapeutics, Inc. (CTI) (Nasdaq and MTA: CTIC) reported recent accomplishments and financial results for the quarter ended March 31, 2009.
"Our focus for the first half of 2009 was to initiate and complete the NDA submission for pixantrone while we implemented final steps in our cost cutting efforts and raised much needed operating capital on the least dilutive terms possible -- all while cleaning up the Company's capital structure," said James A. Bianco, M.D., CEO of CTI. "We are pleased with our results as reflected in our first quarter financials. We have cut our net operating losses attributable to common shareholders by 76%, raised gross proceeds of $44.3 million in 2009 and eliminated all of our outstanding preferred stock, while staying on track to complete the NDA submission for pixantrone in June 2009."
Total net operating expenses decreased $21.8 million, or 77%, to $6.6 million for the quarter ended March 31, 2009 compared to $28.4 million for the same period in 2008 as a result of a $10.2 million one-time gain on the sale CTI's investment in the Zevalin joint venture coupled with a decrease in research and development expenses. Excluding the one-time gain, total net operating expenses decreased 41% over the same period last year. Research and development expenses decreased 7.9 million, or 50%, to $8.0 million for the current quarter compared to $15.9 million for the same period in 2008 as the result of cost reduction initiatives and expenses related to our clinical trial programs. Net loss attributable to common shareholders decreased $41.5 million, or 76%, to $13.1 million ($0.05 per share) for the quarter ended March 31, 2009, compared to $54.6 million ($7.68 per share) for the comparable period in 2008. The reduction in net loss per share is primarily due to an increase in the number of shares outstanding, reduction of expenses and gain on sale of CTI's investment in the Zevalin joint venture.
Full Article
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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CTIC Stock News - 5/7/09
Cell Therapeutics Reports 76% Decrease in First Quarter 2009 Net Loss Attributable to Common Shareholders; Completion of Pixantrone NDA Submission on Track for Second Quarter 2009
Pixantrone Named-Patient Program Initiated in Europe
Cell Therapeutics, Inc. (CTI) (Nasdaq and MTA: CTIC) reported recent accomplishments and financial results for the quarter ended March 31, 2009.
"Our focus for the first half of 2009 was to initiate and complete the NDA submission for pixantrone while we implemented final steps in our cost cutting efforts and raised much needed operating capital on the least dilutive terms possible -- all while cleaning up the Company's capital structure," said James A. Bianco, M.D., CEO of CTI. "We are pleased with our results as reflected in our first quarter financials. We have cut our net operating losses attributable to common shareholders by 76%, raised gross proceeds of $44.3 million in 2009 and eliminated all of our outstanding preferred stock, while staying on track to complete the NDA submission for pixantrone in June 2009."
Total net operating expenses decreased $21.8 million, or 77%, to $6.6 million for the quarter ended March 31, 2009 compared to $28.4 million for the same period in 2008 as a result of a $10.2 million one-time gain on the sale CTI's investment in the Zevalin joint venture coupled with a decrease in research and development expenses. Excluding the one-time gain, total net operating expenses decreased 41% over the same period last year. Research and development expenses decreased 7.9 million, or 50%, to $8.0 million for the current quarter compared to $15.9 million for the same period in 2008 as the result of cost reduction initiatives and expenses related to our clinical trial programs. Net loss attributable to common shareholders decreased $41.5 million, or 76%, to $13.1 million ($0.05 per share) for the quarter ended March 31, 2009, compared to $54.6 million ($7.68 per share) for the comparable period in 2008. The reduction in net loss per share is primarily due to an increase in the number of shares outstanding, reduction of expenses and gain on sale of CTI's investment in the Zevalin joint venture.
Full Article
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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1 and 3 Month Libor Rates - 5/7/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 5/7/09, are: 1 Month Libor Rate - 0.382%. & 3 Month Libor Rate - 0.956%. The overnight Libor rate is 0.235%. As you can see, Libor Rates have changed today, May 7, 2009. All three libor rates dropped on Thursday
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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