Hot Stocks to Watch: ROSG, HAIN, CALX, STEM, TWER, HEI

The overall market is weaker today after weekly jobless claims jumped unexpectedly and investors fret over the global economy. Many investors were happy to see that many members of the Fed said additional stimulus is likely coming unless the economy sees significant improvements.

Jobless claims surprised economists as they jumped to their highest levels in five weeks climbing 4,000 to an adjusted 372,000 according to the Labor Department. Most economists were expecting a reading of 365,000.

The Dow is currently down more than 80 points this morning, the Nasdaq is down 7 points and the S&P 500 is down 6 points.

Hot Stocks

Rosetta Genomics, Ltd. (NASDAQ:ROSG) is up 32.98% today at $6.29. ROSG has traded 9.9 million shares so far today, 8 times its daily average. Rosetta Genomics is rallying today as after Aegis initiated a buy rating on its stock.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) is up 18.61% today at $67.50. HAIN has traded 3.08 million shares so far today, well above its daily average of 557 thousand shares. HAIN shares are up today after the company says it plans to buy certain packaged food lines from Premier Foods PLC for about $318 million in cash and stock. The company has a market cap of 3.01 billion.

Calix Inc. (NYSE:CALX) is up 15.31% today at $6.10. CALX has traded 679 thousand shares so far today and trades 686 thousand shares a day on average. Calix announced yesterday it will buy fiber access assets from Ericsson. The company has a market cap of 295.14 million.

StemCells Inc. (NASDAQ:STEM) is up 14.93% today at $1.68. STEM has traded 1.7 million shares so far today, 200 thousand shares more than its daily average. STEM shares are up today after Maxim initiated coverage with a buy rating. The company has a market cap of 41.30 million.

Towerstream Corporation (NASDAQ:TWER) is up 15.38% today at $3.90. TWER has traded 769 thousand shares so far today, well above its daily average of 347 thousand shares. TWER shares are rallying today after DA Davidson initiates coverage on the stock with a buy rating and a price target of $7. The company has a market cap of 212.56 million.

HEICO Corp. (NYSE:HEI) is up 9.89% today at $38.24. HEI has traded 563 thousand shares so far today, well above its daily average of 203 thousand shares. Heico reported a 13% increase in profits for the third quarter with $23.13 million or $0.43 a share. The company has a market cap of 2.03 billion.