Stocks are whipsawing between positive and negative territory as investors gauge what to expect out of the Chinese data dump and any developments out of Europe. Bernanke’s testimony yesterday did little to bolster the rally as the markets are trading essentially flat today. The lack of any real direction on QE has investors in that wait and see mode.
Couple that with the ongoing turmoil in Europe and the market volatility continues to get ramped up. You could see that this week with big down days followed by the multi-day rally. Question remains is without QE3, will the markets turn back to their bearish ways? Sign Up For Free Stock Alerts
A look at the major indices has the Dow up 20, the Nasdaq 13 and the S&P 2 points.
Hot Stocks
Molina Healthcare Inc. (NYSE:MOH) is up 22.85% this morning at $21.83. MOH has traded 2.9 million shares so far today, 2 million shares more than its daily average. MOH shares are rallying today as they win contracts to continue as Medicaid plan providers in the state of Ohio. The company has a market cap of 1.02 billion.
Francesca’s Holdings Corporation (NASDAQ:FRAN) is up 19.32% today at $26.62. FRAN has traded 2.4 million shares so far today, well above its daily average of 984 thousand shares. FRAN shares are rallying today as it reports good quarterly results. Francesca’s Holdings beat EPS estimates by $0.03 and beat on revenue. The company has a market cap of 1.16 billion. Sign Up For Free Stock Alerts
Goldfield Corp. (NYSE:GV) is up 17.26% this morning at $1.9699. GV has traded 674 thousand shares so far today, 3 times its daily average. GV shares are $0.60 a share over the past week. The company has a market cap of 49.63 million.
Rosetta Genomics, Ltd. (NASDAQ:ROSG) is up 13.88% today at $11.65. ROSG has traded 895 thousand shares so far today today, above its daily average of 754 thousand shares a day on average. ROSG shares have fallen about $4 a share over the past week before bouncing today.
Quiksilver Inc. (NYSE:ZQK) is up 11.88% today at $2.73. ZQK has traded 998 thousand shares so far today and trades 1.3 million shares a day on average. ZQK shares are rallying today as it posts a smaller second quarter loss. The company has a market cap of 444.19 million. Sign Up For Free Stock Alerts
Zalicus Inc. (NASDAQ:ZLCS) is up 11.10% this morning at $1.2999. ZLCS has traded 2.6 million shares so far today, nearly a million shares more than its daily average. ZLCS shares have rallied $0.40 a share over the past week. The company has a market cap of 143.66 million.
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