Stocks are rallying across the board this morning with the Dow up more than 200 points after a surprising agreement by EU leaders to help the region’s struggling banks. The major stock indexes are up as much as 2% this morning. European leaders agreed to using euro area rescue funds to stabilize bond markets. This agreement will not force countries to implement additional austerity measures or economic reforms in order to receive aid. Sign Up For Free Stock Alerts
Expectations from the summit were extremely low so while this news is good, a rally was going to happen with even the smallest bit of good news. News closer to home was disappointing as consumer sentiment fell to 73.2 in June, nearly a point lower than what analysts were expecting.
The Dow is currently up 205 points, the Nasdaq is up 59 points and the S&P 500 is up 24 points.
Hot Stocks
Kingold Jewelry, Inc. (NASDAQ:KGJI) is up 33.58% this morning at $1.79. KGJI has traded 403 thousand shares so far today, above its average volume of 400 thousand shares. KGJI shares are bouncing this morning after the stock fell $0.80 over the past week. The stock dropped yesterday after the company filed to sell common stock. The company has a market cap of 94.58 million.
Ampio Pharmaceuticals, Inc. (NASDAQ:AMPE) is up 27.92% today at $5.0110. AMPE has traded 1.07 million shares this morning, 5 times its average volume. The company has a market cap of 147.65 million.
Constellation Brands Inc. (NYSE:STZ) is up 21.47% today at $26.42. STZ has traded 4.3 million shares so far today, well above its daily average of 2.9 million shares. STZ shares are up today on Modelo buyout and also have an earnings call scheduled for 10:30am this morning. The company has a market cap of 4.94 billion.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is up 17.56% today at $8.10. SWHC has traded 3.1 million shares so far today, well above its average volume of 1.3 million shares. SWHC shares are rallying today after its fourth quarter profit jumps on increased sales. The company has a market cap of 516.14 million.
Synta Pharmaceuticals Corp. (NASDAQ:SNTA) is up 14.89% this morning at $5.54. SNTA has traded 1.3 million shares so far today, double its average volume. SNTA shares are bouncing back today after the stock fell from $8 to less than $5 this week on lung cancer drug data. The company has a market cap of 309.07 million. The company has a market cap of 308.78 million. Sign Up For Free Stock Alerts
ValueClick, Inc. (NASDAQ:VCLK) is up 11.91% today at $15.78. VCLK has traded 767 thousand shares so far today and trades 1.1 million shares a day on average. VCLK shares are up today after the company issues good guidance and increases its buyback. The company has a market cap of 1.27 billion.
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