Hot Stocks to Watch: PCS, TEX, LSI, GENE, IBIO, STX

Stocks are rallying today as economic data came in better than expected and comments from Mario Draghi, the ECB President, pledging to save the euro zone. Draghi said he will do “whatever it takes” to insure the euro zone does not collapse.

Good news from the jobs report also sent the market higher with weekly jobless claims falling 35,000 to 353,000. This is near a four year low according to the Labor Department. Durable goods orders increased last month as demand for aircraft jumped. Overall, durable goods orders went up 1.6%, more than 1% higher than predicted.

The Dow is currently up 160 points, the Nasdaq is up 29 points and the S&P 500 is up 15 points.

Hot Stocks

MetroPCS Communications, Inc. (NYSE:PCS) is up 35.83% this morning at $8.53. PCS has traded 10.7 million shares so far today, well above its daily average of 6.5 million shares. PCS shares are up today after its quarterly earnings beat estimates. The company has a market cap of 3.04 billion.

Terex Corp. (NYSE:TEX) is up 26.86% today at $17.90. TEX has traded 10.4 million shares so far today, well above its daily average of 4.3 million shares. TEX shares are up today on good second quarter results. EPS came in $0.25 higher than analysts estimates. Revenue missed estimates. The company has a market cap of 1.96 billion.

LSI Corporation (NYSE:LSI) is up 18.93% today at $7.20. LSI has traded 23.1 million shares so far today, more than double its daily average. LSI shares are rallying today after the stock was upgraded by multiple analysts. The company has a market cap of 4.08 billion.

Genetic Technologies Ltd. (NASDAQ:GENE) is up 15.76% today at $4.05. GENE has traded 940 thousand shares this morning, 3 times its daily average volume. GENE shares are up today after being cleared to sell its cancer test. The company has a market cap of 54.84 million.

iBio, Inc. (NYSE:IBIO) is up 10.09% today at $1.42. IBIO has traded 2.8 million shares so far today, well above its daily average of 194 thousand shares. IBIO shares are up today on news that iBio and GE Healthcare form new global alliance. The company has a market cap of 70.70 million.

Seagate Technology PLC (NASDAQ:STX) is up 12.58% today at $29.62. STX has traded 16.2 million shares so far today, 3 million shares more than its daily average. STX shares are up 24% over the past month. The company has a market cap of 12.71 billion.