This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Knight Capital Shares Continue to Drop: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Knight Capital Group (KCG) as the troubled company's stock continued to fall early Friday, after plummeting over the past couple of days.

Knight Capital fell 33% on Wednesday, and an additional 63% on Thursday. The firm announced Thursday that a software glitch had caused trading errors in nearly 150 stocks in early trading hours on Wednesday. Knight Capital said it suffered a loss of $440 million as a result of the glitch.

The stock edged closer to $2 in premarket trading on Friday.

Many brokerage firms are avoiding trading through Knight Capital for the time being. Knight released a statement indicating it is looking to raise capital.






Procter & Gamble (PG) is trending as the consumer products company posted a higher-than-expected quarterly profit, boosted by price increases and the sale of its snacks business.

P&G said it earned $3.63 billion, or $1.24 a share, in the fourth quarter, compared with $2.51 billion, or 84 cents a share, a year earlier. Profit excluding items was 82 cents a share, compared with analysts' estimates of 77 cents.

P&G said price increases added 4% or more to net sales growth in the quarter, while the sale of its snacks business added a net gain of 48 cents a share.

The company also said it would repurchase $4 billion worth of its shares this fiscal year, despite indicating in June that it did not plan to do so.






Tobacco is another popular search upon a recent report indicating that sales of tobacco to minors reached an all-time low in 2011.

According to the Substance Abuse and Mental Health Administration, 8.5% of retailers broke the law by selling tobacco to minors in the last fiscal year, down from about 40% in 1997. The level is the lowest ever tracked under the Synar Amendment program.

Under the Synar Amendment, all states must have laws and enforcement programs to bar the sale and distribution of tobacco products to minors and every state must document that the rate of tobacco sales to minors is no more than 20%. The last fiscal year was the sixth year in a row that no state reported a rate above 20%. Nevada had the lowest rate of sales of tobacco to minors at 1.1%, while Oregon had the highest at 19.3%. The administration said 12 states had a violation rate below 5%.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,198.45 -81.29 -0.47%
S&P 500 1,993.88 -16.52 -0.82%
NASDAQ 4,520.9130 -58.8760 -1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs