US Markets Open Mixed ( DJIA, YOKU, TUDO, DIS, CDTI, VELT, PCBC, JVA, PTNT, ANTH, C, JPM )

Stocks Open Mixed On China’s Deficit (DJIA, TUDO, YOKU, DIS, CDTI, VELT, PCBC, JVA, PTNT, ANTH, C, JPM) U.S. stocks opened almost flat on Monday after futures traded in the negative zone overnight following China reported a large monthly trade deficit the Dow Jones Industrial Average rose 22 points to 12,944. The S&P 500 Index slid 2 points to 1,369, The Nasdaq Composite lost 9 points to 2,989. Eelier, China reported a trade deficit of $31.48 billion in February after reporting a $27.28 billion surplus in January, according to data released Saturday by the General Administration of Customs, well above Economists’ estimates of a deficit of $8.5 billion. On Friday, stocks ended higher followed by sharp rally on Thursday. On Friday, U.S. job reports signaled that the country added over 200K jobs for the third straight month in February, a sign the recovery was gathering pace. For every four stocks surging five fell on the New York Stock Exchange, where 125 million shares traded so far. Stocks To Watch: Tudou Hldg Ltd (ADR)(NASDAQ:TUDO) is the biggest gainer on NSDAQ and soared 147% to $38 after hitting a record high of $42.81 in the opening session. This morning, the company was agreed to acquire by Youku Inc (ADR)(NYSE:YOKU) for $2 billion in all stock deal. The Walt Disney Company(NYSE:DIS) is the biggest gainer on the DOW and rose 0.31% to $42.37 on high volume. Clean Diesel Technologies, Inc. (NASDAQ:CDTI) shares climbed 55% after the company reported a surprise fourth-quarter profit driven by improvement in margin. The company reported EPS of 5 cents on revenue of $21.3 million, topping analysts’ estimates of a loss of 5 cents a share. Velti Plc(NASDAQ:VELT) also added 16% to $11.39 as the company reported strong fourth-quarter results and guided above street’s estimates. The company earned 59 cents a share on revenue of $87.1 million, ahead of analysts’ estimates of 48 cents a share on revenue of $81.83 million. The company projects revenue of $44-$48 million in the current quarter. Pacific Capital Bancorp(NASDAQ:PCBC) zoomed over 57% after the bank was agreed to be acquired by UnionBanCal for $1.51 billion -- or $46 a share -- in a premium-priced takeover that will boost the bank's presence in California. Coffee Holding Co., Inc. (NASDAQ:JVA) continued to move higher and added another 27% after surging over 40% in the previous trading session. On Friday, the company reported over 50% jump in its fourth-quarter net income on improved margins and increased sales. Among the losers, Internet Patents Corp(NASDAQ:PTNT) shares slumped 50% after it says a Phase 3 trial of its treatment to speed up gastrointestinal recovery following abdominal surgery failed to meet its primary endpoint. Pharmaceuticals Inc(NASDAQ:ANTH) lost 47% after stopping a late-stage trial of an experimental treatment for heart disease because it didn’t met the required efficiency. Citigroup Inc.(NYSE:C) also lost over 1% and JPMorgan Chase & Co.(NYSE:JPM) lost 1.66% to $40.35.