Stocks are holding their gains this morning despite mixed economic reports. Pending home sales saw a 4.1% jump in March to a level it hasn’t seen in two years. Worries over the jobs report has kept gains in check though this morning. New unemployment claims fell 1,000 last week to a seasonally adjusted 388,000 according to the Labor Department. Analysts were expecting 375,000. What has investors worried though, is the four week moving average jumped to 381,750. The highest it has been since January.
The Dow is currently up 45 points, the Nasdaq is up 9 points and the S&P 500 is up 2 points.
NF Energy Savings Corp. (NASDAQ:NFEC) is up 38.83% this morning at $2.61. NFEC has traded 1.4 million shares so far today, well above its daily average of 117 thousand shares. NFEC shares have jumped more than $1 a share in the past two days. The company has a market cap of 14.11 million.
Recon Technology, Ltd. (NASDAQ:RCON) is up 27.45% in early trading at $2.7401. RCON has traded 664 thousand shares so far today, 3 times its average volume. RCON shares are seeing big volume with no news released today. The company has a market cap of 10.87 million.
Cabot Oil & Gas Corporation (NYSE:COG) is up 7.21% today at $32.99. COG has traded 2.2 million shares so far today and trades 3.8 million shares a day on average. Cabot Oil & Gas said first quarter profit rose jumped 42% on stronger production. The company has a market cap of 6.88 billion.
SGOCO Group, Ltd (NASDAQ:SGOC) is up 28.75% this morning at $3.6695. SGOC has traded 598 thousand shares so far today, triple its daily average. SGOC shares are up $2 a share yesterday. The company has a market cap of 57.23 million.
SolarWinds, Inc. (NYSE:SWI) is up 18.63% today at $44.87. SWI has traded 1.9 million shares so far today, well above its daily average of 1.2 million shares a day. SolarWinds saw first quarter earnings jump 43%. The company has a market cap of 3.22 billion.
Amarin Corporation plc (NASDAQ:AMRN) is up 15.13% this morning at $11.50. AMRN has traded 4.5 million shares so far today and trades 4.57 million shares a day on average. AMRN shares are jumping today as a competing company’s fish oil data doesn’t appear to compare well to Amarin’s. The company has a market cap of 1.54 billion.
About Martin Stephenson
