Some positive economic data has stocks on a slight rebound today after getting pummeled in previous sessions. Housing starts inched up which is leading to guarded optimism that just maybe the long languishing housing market may start to recover.
Europe still remains the chief concern as Greece is hurtling towards new elections. Polls out of the country show the anti-bailout leftist party picking up steam while the pro-bailout parties are getting wrecked. Still a few weeks out but it looks like the Greek situation is coming to head sometime in June. And by the looks of it, the exit for Greece could be messy for the entire EU.
A current snapshot of the three major indices in the US has the Dow up 13, the Nasdaq 4 and the S&P 3. All three are well off their session highs.
Hot Stocks to Watch
Rosetta Genomics, Ltd. (NASDAQ:ROSG) is up 276.54% this morning at $6.10. ROSG has traded 3.2 million shares so far today, way above its daily average of 33 thousand shares. Rosetta announced earlier today it has obtained medicare coverage of miRview nets2 assay. Rosetta Genomics also announced on Monday a 1 for 15 reverse stock split.
Netlist Inc. (NASDAQ:NLST) is up 20.55% today at $2.64. NLST has traded 801 thousand shares so far today, more than double its average volume. Netlist reported first quarter results yesterday with revenue of $14 million and gross profit of $5.4 million, both up from the same quarter a year ago. The company has a market cap of 73 million.
OraSure Technologies Inc. (NASDAQ:OSUR) is up 17.36% today at $10.70. OSUR has traded 4.3 million shares so far today, 20 times its average volume. OSUR shares are rallying today as FDA panels backs the company’s HIV home test. The company has a market cap of 522.80 million.
SINA Corporation (NASDAQ:SINA) is up 15.48% this morning at $59.86. SINA has tarded 5.9 million shares this morning, above its daily average of 4.6 million shares. SINA shares are up today on comments the company made about monetizing Weibo, a twitter-like microblogging service. The company has a market cap of 3.93 billion.
Galena Biopharma, Inc. (NASDAQ:GALE) is up 10.27% today at $1.2350. GALE has traded 788 thousand shares so far today and trades 3.2 million shares a day on average. GALE shares are bouncing back today after falling more than $0.10 yesterday. The company has a market cap of 59.82 million.
Cogo Group, Inc. (NASDAQ:COGO) is up 12.55% today at $2.2510. COGO has traded traded 460 thousand shares so far today, 3 times its daily average volume. COGO shares are up today after posting a beat on first quarter results. The company has a market cap of 76.48 million.
Houston American Energy Corp. (AMEX:HUSA) is up 10.62% this morning at $1.76. HUSA has traded 505 thousand shares so far today and trades 943 thousand shares a day on average. The company has a market cap of 65.76 million.
Threshold Pharmaceuticals Inc. (NASDAQ:THLD) is up 7.60% today at $6.94. THLD has traded 1.5 million shares this morning and trades 3.4 million shares a day on average. THLD shares have rallied nearly $1 a share this week. The company has a market cap of 377.68 million.
About MarcS
