US stocks extended their gains into a second session as traders eyed the Fed for possible further stimulus. Loan data out of China also gave rise to the hopes of just a soft-landing for the country versus a hard. This will help the US economy deal with any recession that emerges out of Europe. Earnings season is also helping thanks to a significantly lowered bar. If you go in expecting nothing to beat, any beats are pleasant surprises.
European concerns also moderated after yields dropped across the region. Still a concern, but investors kind of shrugged off Europe in favor of earnings season and Fed hints of further stimulus. Or at the very least their accommodative monetary policies will be in place for quite a while yet.
All the major indices closed higher on the day. The Dow jumped 181, the Nasdaq 39 and the S%P 19.
Joe’s Jeans Inc. (NASDAQ:JOEZ) is up 28.23% in after hours trading at $1.59. JOEZ traded 847 thousand shares a day on average, double its daily average. JOEZ shares are up in after hours as the company reports a 23% increase in net sales for the first quarter. The company has a market cap of 80.21 million.
Coinstar Inc. (NASDAQ:CSTR) is up 14.59% in after hours trading at $70.25. CSTR traded 1.8 million shares today, 400 thousand shares a day on average. CSTR shares are rallying as Coinstar ups first quarter revenue forecast. The company has a market cap of 1.86 billion.
ZOOM Technologies, Inc. (NASDAQ:ZOOM) is up 4.73% in after hours trading at $1.55. ZOOM shares have rallied about $0.50 a share today. ZOOM Technologies announced it will release its fourth quarter results on April 16. The company has a market cap of 33.02 million.
The Manitowoc Company, Inc. (NYSE:MTW) is down slightly in after hours trading at $14.26. MTW shares jumped 11% in regular trading. The company has a market cap of 1.88 billion.
Titan Machinery, Inc. (NASDAQ:TITN) is up slightly in after hours trading at $35.50. TITN shares rose more than 10% in normal trading hours after the company announced huge fourth quarter earnings on Wednesday. The company has a market cap of 725.37 million.
Hexcel Corp. (NYSE:HXL) is down 8.73% in after hours trading at $24.37. HXL shares jumped 9.56% in normal trading hours today at $26.70 with 3.4 million shares traded. The company has a market cap of 2.65 billion.