Hot Stocks to Watch: GNK, GMCR, FSLR, UNTD, YELP, MDAS

Wall Street signStocks are looking weak today as investors were disappointed that the ECB did not take immediate action to stabilize the euro zone. ECB President, Mario Draghi, said the central bank may use outright open market operations within its mandate to bring down bond yields. Draghi said the ECB will draw up plans over the coming weeks for using these measures. Investors were disappointed and were looking for more following Draghi’s comment last week saying he would “do whatever it takes” to save the euro.

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On the economic front, factory orders fell 0.5% in June. Economists were expecting an increase of 0.5%.

The Dow is down 148 points right now, the Nasdaq is down 19 points and the S&P 500 is down 16 points.

Hot Stocks

Genco Shipping & Trading Ltd. (NYSE:GNK) is up 47.13% today at $3.0750. GNK has traded 2.6 million shares so far today, well above its daily average of 713 thousand shares. Genco Shipping beat on its latest quarterly earnings by $0.02, but missed on revenue. The company has a market cap of 134.83 million.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is up 33.77% today at $23.95. GMCR has traded 24.03 million shares so far today, well above its daily average of 8.2 million shares. GMCR shares are up today as third quarter profit jumps 30%. The company has a market cap of 3.72 billion.

First Solar, Inc. (NASDAQ:FSLR) is up 28.58% today at $19.04. FSLR has tarded 19.2 million shares so far today, well above its daily average of 5.6 million shares. FSLR shares are rallying today on strong quarterly results. The company has a market cap of 1.63 billion.

United Online, Inc. (NASDAQ:UNTD) is up 25.36% today at $5.24. UNTD has traded 3.08 million shares so far today, more than 4 times its daily average. UNTD shares are up today beat expectations for its latest quarterly report. The company has a market cap of 479.74 million.

Yelp, Inc. (NYSE:YELP) is up 15.04% today at $21.65. YELP has traded 2.02 million shares in midday trading, more than triple its normal volume. YELP shares are up on positive results. The company has a market cap of 1.37 billion.

MedAssets, Inc. (NASDAQ:MDAS) is up 17.39% today at $15.09. MDAS has traded 2.2 million shares so far today, well above its daily average of 411 thousand shares. MDAS shares are rallying on second quarter beat and its fiscal year above estimates. The company has a market cap of 879.47 million.

About Danny Fisher

Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.

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