Hot Stocks to Watch: EF, SSYS, DDD, DRJ, TOL, SQNM

Wall Street signStocks have given up some of their early gains and the Nasdaq has turned negative due to a poor housing report. Homebuilder sentiment fell to its lowest level since January. Sentiment was on the rebound as warmer temperatures and an improving economy saw more buyers looking to begin construction.

The Nasdaq has turned negative this morning as powerhouse tech stocks like Apple and Google fell 2%.

In mid-morning trading the Dow is up 79 points, the Nasdaq is down 17 points and the S&P 500 is up about a point.

The Edelman Financial Group, Inc. (NASDAQ:EF) is up 41.42% today at $8.74. EF has traded 11.5 million shares so far today, way above its daily average of 35.1 million shares. EF shares are rallying today as the company announces it’s going private in $258 million deal. The company has a market cap of 254.37 million.

Stratasys Inc. (NASDAQ:SSYS) is up nearly 20% this morning at $43.13. SSYS has traded 683 thousand this morning, 6 times its average volume. SSYS shares are heading up today on news the company will merge with Objet unit. The company has a market cap of 927.05 million.

3D Systems Corp. (NYSE:DDD) is up 11.06% today at $27.14. DDD has traded just over a million shares today, well above its average of 750 thousand shares. DDD announced today that its President and CEO will deliver a keynote address at SPAR International 2012. The company has a market cap of 1.38 billion.

Dreams Inc. (AMEX:DRJ) is up 30.46% today at $3.4050. DRJ has traded 4.5 million shares today, way above its daily average of 60 thousand shares. DRJ shares are jumping today on reports that Fanatics will buy the company for $158 million.

Toll Brothers Inc. (NYSE:TOL) is up 3.75% today at $23.82. TOL has traded 3.3 million shares so today and has already reached its daily average. TOL shares are up $2 a share in the past week. The company has a market cap of 3.98 billion.

Sequenom Inc. (NASDAQ:SQNM) is up 9.15% at $4.36. SQNM has traded 4.4 million shares this morning, double its daily average. SQNM shares have rallied more than $0.60 a share in the past week. The company has a market cap of 498.24 million.

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About Rachel Brook

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.

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