As we head into the Memorial Day weekend, the stock market is essentially flat. The HP results and job-cuts at the company is helping the Dow erase early minor losses. Jobless claims also had a slight dip which is helping prop up the domestic markets.
Internationally, Europe remains the the biggest concern as Greece hurtles towards new elections in mid-June. The feeling among many Euro watchers is that greece is ehading for an exit, it is justa matter of how cleanly they exit. If it gets messy, the contagion risk is real for the broader EU zone. Sign Up For Free Alerts
A current look at the domestic markets has the Dow up 26, the Nasdaq down 1 and the S&P up 3 points.
Hot Stocks
Genetic Technologies Ltd. (NASDAQ:GENE) is up 62.15% today at $5.4799. GENE has traded 2.7 million shares so far today, well above its daily average of 65 thousand shares. GENE shares continue to rally today after providing a business update yesterday. The company has a market cap of 78.13 million.
Complete Genomics, Inc. (NASDAQ:GNOM) is up 35.87% this morning at $2.4950. GNOM has traded 3.2 million shares so far today, well above its daily average of 1.05 million shares. No recent news for GNOM today, but volume is spiking in early trading. The company has a market cap of 83.70 million. Sign Up For Free Alerts
Swisher Hygiene Inc. (NASDAQ:SWSH) is up 17.63% today at $2.0350. SWSH has traded 414 thousand shares so far today and trades 718 thousand shares a day on average. The company has a market cap of 351.43 million.
Vermillion, Inc. (NASDAQ:VRML) is up 19.02% today at $2.1899. VRML has traded 811 thousand shares this morning, above its daily average of 703 thousand shares. VRML shares had fallen nearly 20% over the past month before today’s rally. The company has a market cap of 31.71 million.
Galena Biopharma, Inc. (NASDAQ:GALE) is up 4.76% this morning at $1.32. GALE has traded 684 thousand shares so far today and trades 3.4 million shares a day on average. GALE shares are bouncing slightly today after falling $0.25 a share over the past five days. The company has a market cap of 62.69 million.
US Airways Group, Inc. (NYSE:LCC) is up 9.64% today at $12.06. LCC has traded 7.5 million shares so far today and trades 8.1 million shares a day on average. LCC shares are up 17% over the past five days. The company has a market cap of 1.95 billion. Sign Up For Free Alerts
About Martin Stephenson
