Markets opened shaky yesterday but news concerning the possibility of a greater than expected nuclear catastrophe caused the markets to take a dive. Negative macro news as well as a downgrade for market leaders Apple (NASDAQ:AAPL) also fueled the panic.
Here are a few of today’s most active stocks trading pre-market:
1) Guess Inc. (NYSE:GES): Shares of the contemporary apparel and accessories designer are down $2.22 or 5.06% after reporting lower fiscal Q4 comparable sales in the U.S. retail arena. The company also gave weak guidance for the rest of the year. However, fiscal Q4 earnings did rise 19% on overseas growth. We’ll have to see if Guess can stay trendy as the new spring fashions hit stores.
2) Natural Resource Partners LP (NYSE:NRP): Shares of the coal properties limited partnership are down $2.19 or 5.84% after announcing a plan to dilute its common shares. The company plans a secondary public offering of 6 million shares. That’s bad news for current shareholders.
3) General Maritime Corp. (NYSE:GMR): Shares of the provider of international seaborne crude oil transportation services are down $0.40 or 16.00% after announcing that Q4 earnings will not be reported on time. The company said that the possible restructuring and refinancing of existing credit takes time. A delayed report is seen as a major red flag by investors who tend to sell first and ask questions later.
4) Clarcor Inc. (NYSE:CLC): Shares of the company involved in engine and mobile filtration, industrial and environmental filtration and packaging are down 0.4% to $42.20 after reporting a surge in profit of 47%. The report beat Wall Street estimates as every segment of the business reached double-digit sales growth. That’s a great quarter for business.
Keep these stocks on your watch list for today’s trading. Good luck out there!