Bernanke announced another round of QE about an hour ago which has sent the markets tearing higher. The major stock averages are all up about 1% right now. This latest stimulus from the Fed will see the central bank buy $40 billion of mortgage debt every month and continue to buy assets to help the struggling jobs market.
A quick look at the market shows the Dow up over 100 points, the Nasdaq up over 30 and the S&P up about 13.
Hot Stocks
BioFuel Energy Corp. (NASDAQ:BIOF) is up 37.35% today at $5.70. BIOF has traded 1.1 million shares so far today, well above its daily average of 88 thousand shares. The company has a market cap of 29.84 million.
Platinum Group Metals Ltd. (NYSE:PLG) is up 10.55% today at $1.25. PLG has traded 530 thousand shares so far today, well above its daily average of 150 thousand shares. PLG shares are up today after metals across the board jumped after the QE 3 announcement. The company has a market cap of 223.40 million.
Uranerz Energy Corp. (NYSE:URZ) is up 14.19% today at $1.77. URZ has traded 1.5 million shares so far today, well above its daily average of 294 thousand shares. The company has a market cap of 137.35 million.
Golden Minerals Company (NYSE:AUMN) is up 10.90% today at $7.02. AUMN has traded 446 thousand shares so far today, well above its daily average of 277 thousand shares. AUMN shares were negative earlier today, but after the Fed’s QE announcement the stock rose quickly. The company has a market cap of 254.29 million.
Oclaro, Inc. (NASDAQ:OCLR) is up 10.54% today at $3.04. OCLR has traded 1.9 million shares so far today, well above its daily average of 579 thousand shares. The company has a market cap of 152.75 million.
Heckmann Corporation (NYSE:HEK) is up 7.78% today at $4.85. HEK has traded 9.7 million shares so far today, well above its daily average of 2.9 million shares. HEK shares are up more than 17% over the past five days. The company has a market cap of 743.36 million.
About Danny Fisher
