Hot Stocks to Watch: SSH, AFFY, CADX, KNDI, TXI, PG

Wall Street signStocks are down big today as investors were disappointed with no news of additional stimulus from the Fed yesterday. There was a bit of good news today though as weekly jobless claims fell 26,000 to their lowest levels in four years. It should be noted that many consider this report an outlier because of the holiday shortened week and the fact that many factories undergo a ‘retooling’ during the first week of July. Sign Up For Free Stock Alerts

The major indexes are down about 1% this morning with the Dow down nearly 100 points, the Nasdaq down 45 points and the S&P 500 down 14 points.

Hot Stocks

Sunshine Heart Inc (NASDAQ:SSH) is up 11.48% this morning at $12.72. SSH has traded 1.04 million shares so far today, well above its daily average of 83 thousand shares. SSH shares are up today after the stock fell about $4 a share from yesterday’s intraday high of $16. The company has a market cap of 83.26 million.

Affymax, Inc. (NASDAQ:AFFY) is up 10.12% in early trading at $13.17. AFFY has traded 1.4 million shares so far today, well above its daily average of 978 thousand shares. AFFY shares are up today Affymax and Takeda Pharmaceuticals sign supply agreement for anemia drug. The company has a market cap of 479.15 million.

Cadence Pharmaceuticals (NASDAQ:CADX) is up 15.17% this morning at $4.63. CADX has tarded 184 thousand shares so far today and trades 365 thousand shares a day on average. CADX shares are up more than 25% over the past week. The company has a market cap of 391.77 million.

Kandi Technologies, Corp. (NASDAQ:KNDI) is up 20.06% today at $3.65. KNDI has traded 258 thousand shares so far today, well above its daily average of 62 thousand shares. KNDI shares are up $0.50 a share over the past two days. The company has a market cap of 108.04 million.

Texas Industries Inc. (NYSE:TXI) is up 8.49% this morning at $41.28. TXI has traded 465 thousand shares so far today, well above its daily average of 261 thousand shares. TXI shares are bouncing back today after the stock fell from $41.50 to $38 yesterday. The company has a market cap of 1.15 billion. Sign Up For Free Stock Alerts

Procter & Gamble Co. (NYSE:PG) is up 3.22% today at $63.38. PG has traded 12.2 million shares so far today and trades 13.1 million shares a day on average. PG shares are up after the FTC cleared Pershing Square Capital Management to take a stake in the company. The company has a market cap of 172.57 billion.

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About Kyle Pinder

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.

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