Stocks are up this morning thanks to a better than expected home sales report and a few positive earnings reports. New home sales jumped 5.7% in September to a seasonally adjusted rate of 389,000. Economists were expecting a rate of 385,000 units.
Boeing shares are up today after posting earnings that beat expectations and revenue that met expectations. Boeing also announced an upbeat forecast for the full year. Facebook is one of the biggest gainers on the market today with shares up more than 20% after the company reported revenue jumped 32% thanks to gains it has made in the mobile arena.
In late morning trading, the Dow is up 47 points, the Nasdaq is up 6 points and the S&P 500 is up 3 points.
Stocks to Watch
Spartech Corp. (NYSE:SEH) is up 61.09% today at $8.28. SEH has traded 4.2 million shares this morning, well above its daily average of 62 thousand shares. SEH shares are up today on news PolyOne Corp will buy the company for $246 million. The company has a market cap of 254.82 million.
Facebook, Inc. (NASDAQ:FB) is up 21.79% this morning at $23.74. FB is trading heavy volume today with over 120 million shares traded, about 3 times its daily average. FB shares are rallying today after posting better than expected earnings report yesterday afternoon. The company has a market cap of 50.77 billion
Lumber Liquidators Holdings, Inc. (NYSE:LL) is up 15.30% in early trading at $57.86. LL has traded 1.2 million shares so far today, well above its daily average of 659 thousand shares. LL shares are up today after beating EPS estimates by $0.12 and beating on revenue. The company has a market cap of 1.56 billion.
RF Micro Devices Inc. (NASDAQ:RFMD) is up 13.23% today at $4.45. RFMD has traded 15.9 million shares so far today, 4 times its daily average. RFMD shares are rising today on better than expected second quarter results and good third quarter guidance. The company has a market cap of 1.25 billion.
Polycom, Inc. (NASDAQ:PLCM) is up 12.74% today at $10.44. PLCM has traded 3.8 million shares so far today, a million shares more than its daily average. PLCM beat EPS by $0.02 per share and beat on revenue. The company has a market cap of 1.85 billion.
Monster Beverage Corporation (NASDAQ:MNST) is up 12.78% today at $46.33. MNST has traded 5.8 million shares so far today, 2 million shares more than its daily average. MNST shares have been in the news lately after the FDA was looking into five reports of deaths linked to the energy drink. The company has a market cap of 8.19 billion.