Stock Futures Indicating Mixed Open On Earnings: Top Stocks Weekly Review List: Nokia Corp, Cemex SAB, Swingplane Ventures, World Moto Corp, Echo Automotive
by PR Newswire
LONDON, January 25, 2013 /PRNewswire/ --
Stock Futures were indicating a mixed open across the board ahead of the bell in Fridays pre-market trading. Investors were looking at earnings that lacked the sort of positive guidance we are looking for to really take the markets towards new highs for the year.
Swingplane Ventures (OTC: SWVI) continued to trade heavy volume through Thursdays session with the stock trading over $4 million. SWVI did pull back 11pcnt, however bear in mind it was higher by more than 70pcnt in the previous days trading. We will continue to follow SWVI into next weeks trading to see if it can build on the current price and volume.
World Moto Corp (OTC: FARE) was higher for the third day straight in yesterdays trading by an additional 5 pcnt. Shares in FARE have dropped from recent highs but the last few trading sessions have seen a return to volume and price performance.
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Nokia Corp (OTC: NOKBF) missed earnings on Thursday and the stock was punished by 9.5 pcnt to the downside. NOKBF was the heaviest traded stock on the OTC market yesterday with over $18 million exchanging hands.
Echo Automotive (OTC: ECAU) closed higher by 32 pcnt after we featured the stock in yesterdays write up ahead of the open. Pre market volume looked strong and our indications were right with more than $10 million being traded on Thursday and follow through on volume expected today.
Cemex SAB (OTC: CXMSF) closed on Thursday at $1.05 after trading higher earlier in the day but pulling back in the afternoon. CXMSF traded over $3 million and was slightly higher.
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