Stocks are pulling back again today following a one month uptrend in the markets that saw the Dow hit nearly 13,300 and the S&P 500 hitting four year highs. Today’s red market comes as investors cautiously await the latest Federal Reserve minutes. The Fed will release the minutes of their latest meeting at 2pm ET. Investors will be watching closely to see if the Fed gives any signs of further stimulus or raising interest rates.
Hot Stocks
Sunrise Senior Living Inc. (NYSE:SRZ) is up 59.57% today at $14.25. SRZ is up on heavy volume today with over 63 million shares traded this morning. The stock usually trades about 462 thousand shares a day on average. SRZ shares are up today on news Health Care REIT will buy the company in a deal worth nearly $1 billion. The company has a market cap of 821.53 million.
Williams-Sonoma Inc. (NYSE:WSM) is up 10.12% this morning at $42.10. WSM has traded 4.3 million shares so far today, well above its daily average of 1.4 million shares. WSM shares are rallying today after posting better than expected second quarter results. Williams-Sonoma also raised its forecast for the year. The company has a market cap of 4.19 billion.
Qihoo 360 Technology Co. Ltd (NYSE:QIHU) is up 10.71% today at $23.36. QIHU has traded 6.9 million shares so far today, well above its daily average of 1.3 million shares. QIHU shares are up today after reporting earnings that met Street estimates. The company has a market cap of 2.80 billion.
Brookdale Senior Living Inc. (NYSE:BKD) is up 8.74% today at $21.65. BKD has traded 3.5 million shares so far today, more than double its daily average. BKD shares are up today following the buyout of Sunrise Senior Living. The company has a market cap of 2.66 billion.
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) is up 8.43% today at $1.80. ASTI has traded 1.3 million shares in late morning trading, nearly twice its normal volume. Ascent Solar announced yesterday it has regained Nasdaq compliance. The company has a market cap of 73.14 million.
Chico’s FAS Inc. (NYSE:CHS) is up 6.70% today at $18.23. CHS has traded 7.7 million shares so far today, well above its daily average of 2.4 million shares. CHS shares are up today after its second quarter results beat expectations. The company has a market cap of
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