Investors are moving out of their positions today as worries over the European debt crisis and economic data in the U.S. continue. There is a lot of uncertainty right now in the markets with Europe being one of the main flashpoints. Investors are also awaiting the U.S. Supreme Court decision on President Obama’s healthcare plan. Sign Up For Free Stock Alerts
All eyes will be on a summit between European leaders later this week as they meet to discuss policy responses to the credit crisis. Most investors and analysts are tired of ‘discussing’ and want to see real action.
About an hour after the opening bell the Dow is down 154 points, the Nasdaq is down 50 points and the S&P 500 is down 20 points.
Hot Stocks
Lee Enterprises Inc. (NYSE:LEE) is up 16.78% this morning at $1.6799. LEE has traded 675 thousand shares so far today, well above its daily average of 300 thousand shares. LEE shares have rallied nearly $0.40 a share in the past two days. The company has a market cap of 83.24 million.
Overland Storage Inc. (NASDAQ:OVRL) is up 15.71% today at $1.4580. OVRL has traded 329 thousand shares so far today, 4 times its average volume. OVRL shares are bouncing some today after the stock took a big hit last week following news on June 21 that the ITC found no infringement violation against Overland’s patents. The company has a market cap of 39.19 million.
Alexza Pharmaceuticals Inc. (NASDAQ:ALXA) is up 13.35% this morning at $4.50. ALXA has traded 2.3 million shares so far today, 10 times its daily average. ALXA shares continue to rally after the company resubmitted drug application last week. The company has a market cap of 53.72 million.
Amyris, Inc. (NASDAQ:AMRS) is up 12.46% today at $3.699. AMRS has traded 1.3 million shares so far today, more than double its daily average. AMRS shares are up $0.60 a share over the past two days. The company has a market cap of 206.12 million.
Synta Pharmaceuticals Corp. (NASDAQ:SNTA) is up 15.47% this morning at $8.37. SNTA has traded 1.3 million shares so far today, more than double its daily average. The company has a market cap of 461.45 million. Sign Up For Free Stock Alerts
Constellation Brands Inc. (NYSE:STZ) is up 12.21% this morning at $21.71. STZ is up on big volume today with 6.1 million shares traded, 3 times its normal volume. STZ shares are up today on Modelo bid report. The company has a market cap of 4.02 billion.
About Danny Fisher
