Shares in Apple (AAPL) were looking weak once more ahead of the open this morning on Wall Street as the news just seems to be getting worse and worse for the technology giant. Phil Schiller the marketing chief at Apple chose to trash talk Samsung’s new product a day before the launch which could really show the companies hand and display weakness from a company that wouldn’t have dreamt of it a year ago. We reported yesterday that AAPL was looking to reduce its dependency on Samsung in the mobile chips it purchases from them with the company rumored to be switching to Intel (INTC).
The Dow Jones Futures were indicating a higher open ahead of the bell on Wall Street. We did pause for breath in yesterday’s trading but looks like getting back to the upside once more going into Thursdays session. This comes after a 7 day rally that has left these markets at all-time highs across the board. The fact is this is at a time when investors and experts alike are more concerned than ever about the overall economy and a triple dip recession, just like what we are seeing in Europe. Investors on the sidelines are keen to see if this rally can continue through this week with some analysts calling for Dow fifteen thousand by the end of the month. There are equally as many analysts predicting the classic Bear Trap with big down days and a slide in the markets to follow.
AMR Corp (AAMRQ) was clearly the most heavily traded stock in the OTC market to close trading yesterday as the company has continued to move higher, now unbelievably above $4.00 per share. Shares of AMR Corp closed yesterday at $4.00 per share, this merger with US Airways has given out more gains than expected to shareholders. We have been reporting on AMR Corp (AAMRQ) since it was trading at 0.60 cents per share. For a company in bankruptcy to return over 700% just goes to show you that headline news don’t always win the day. Stay tuned or sign up at our website to receive more companies like this.
Green Innovations (GNIN) was once again the second most heavily traded stock in the small cap markets once more with shares trading over $25 million on the street and shares seeing one of the best recoveries in recent times for a micro-cap name. Green Innovations (GNIN) did trade to the downside for the first time since this recovery in the stock began by quite a large margin to close yesterday down by 16%. We will be tracking the stock today to see if the down day was a blip on the screen and can return to winning ways in the markets today. Again in similar fashion to AMR Corp as we have followed this name over the last week it has jumped more than 150% from the lows.
Eastman Kodak (EKDKQ) was back in the news in yesterday’s trading as the stock moved higher by 20% on almost $2 million in trading. Could Eastman Kodak experience a similar recovery out of bankruptcy as AMR Corp did, it remains to be seen.
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Anadigics (ANAD) was predicted to trade lower going into the markets today as the company announced they would be selling shares to raise money for the company. Shares in Anadigics (ANAD) were indicating a lower open by around 5% going into trading on the NASDAQ today.
Graphon Corp (GRON) made up the small cap watch list today and the stock closed well in yesterday’s trading. Shares in GOJO traded higher by 17% on almost $2 million traded meaning there will be eyes on this stock ahead of the opening bell today to see if shares in GOJO can move higher.
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.
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 Sheet markets.
If you are looking to know what’s going on with these companies on the OTC and in addition receive weekly picks on stocks that ClubPennyStocks features, simply sign up at our website for free. 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 OTC markets. Read disclosures here.
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