The verdict is in. Investors are not liking the jobs report. The major indexes are all at or near session lows as the unemployment report missed expectations by a wide margin. On positive to come from it is the fact that oil prices are diving under $100 per barrel. If that trend can last it could give a boost to consumers by removing some of the pain at the pump.
Outside of the lackluster domestic numbers, two elections will be closely watched this weekend. The major one is the French presidential election with Sarkozy seemingly heading for defeat. The other is Greek parliamentary elections. Both could have consequences for the EU and ECB rescue pacts that have already been drawn up.
Currently the Dow is off 16, the Nasdaq is down 60 and the S&P is off 22.
Hot Stocks
LeapFrog Enterprises Inc. (NYSE:LF) is up 18.80% today at $10.67. LF ha tarded 2.07 million shares so far today, more than double its daily average volume. LeapFrog posted earnings late yesterday and beat expectations for revenue and EPS. Revenue came in at $72.0 million, while analysts were expecting only $51.1 million. EPS came in at -$0.14, beating estimates of -$0.26. The company has a market cap of 713.92 million.
Spreadtrum Communications Inc. (NASDAQ:SPRD) is up 15.04% this morning at $15.45. SPRD has traded 2.9 million shares so far today, nearly 3 times its daily average. SPRD shares jumped this morning on strong quarterly results. Spreadtrum beat EPS estimates by $0.17 and beat on revenue. Guidance for the second quarter came in above consensus. The company has a market cap of 719.28 million.
Mitek Systems Inc. (NASDAQ:MITK) is up 21.19% today at $3.08. MITK has traded 1.69 million shares this morning, 500 thousand shares more than its daily average. MITK shares are bouncing back today after the stock plunged more than 50% yesterday. The company has a market cap of 74.75 million.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is up 7.96% today at $27.92. GMCR has traded 14.6 million shares so far today, well above its daily average of 6.8 million shares. GMCR shares are bouncing today after the stock plunged nearly $25 yesterday after disappointing net sales. The company has a market cap of 4.32 billion.
Sequenom Inc. (NASDAQ:SQNM) is up 7.58% today at $5.68. SQNM has traded 8.1 million shares so far today, nearly 3 times its daily average. Sequenom announced first quarter results yesterday and saw revenue from its diagnostics service grow more than 180%. The company did however miss estimates on both EPS and revenue. The company has a market cap of 652.86 million.
Herbalife Ltd. (NYSE:HLF) is up 4.46% today at $48.28. HLF has traded 5.5 million shares so far today, well above its daily average of 2.6 million shares. HLF shares are recovering some today after the stock fell more than $20 a share since Monday. The company has a market cap of 5.66 billion.
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