Stocks are up again this morning as investors hope for more stimulus in the immediate future. Economic data today supported investor hopes for the Fed to intervene to help the economy. Consumer sentiment came in higher than expected at 72.3 in July, but was still the lowest reading of the year. GDP expanded at 1.5% for the second quarter and was the weakest growth since last year’s third quarter.
The major stock averages are up at least 0.5% right now with the Dow up 66 points, the Nasdaq up 18 points and the S&P 500 up 9 points.
Hot Stocks
AuthenTec, Inc. (NASDAQ:AUTH) is up 62.76% today at $8.25. AUTH has traded 10.7 million shares so far today, way above its daily average of 770 thousand shares. AUTH shares are after Apple buys the company for $356 million in cash. The company has a market cap of 366.32 million.
OCZ Technology Group, Inc. (NASDAQ:OCZ) is up 26.10% this morning at $6.86. OCZ has traded 5.08 million shares so far today, more than double its daily average. OCZ shares are up 36% over the past month. There continues to be buyout rumors surrounding the company. The company has a market cap of 465.44 million.
Expedia Inc. (NASDAQ:EXPE) is up 11.87% today at $57.58. EXPE has traded 7.1 million shares so far today, well above its daily average of 4.3 million shares. EXPE shares are rallying today as its second quarter results beat estimates. The company has a market cap of 7.24 billion.
Qlik Technologies, Inc. (NASDAQ:QLIK) is up 16.87% today at $20.62. QLIK has traded 2.3 million shares so far today, well above its daily average of 1.6 million shares. QLIK shares are up today after beating EPS estimates by $0.01 and beating on revenue. The company has a market cap of 1.77 billion.
Silicon Motion Technology Corp. (NASDAQ:SIMO) is up 16.52% today at $14.67. SIMO has traded 1.7 million shares so far today, well above its daily average of 657 thousand shares. SIMO shares are rising today on good quarterly results. The company has a market cap of 465.90 million.
NetSuite Inc. (NYSE:N) is up 14% today at $56.34. N has traded 855 thousand shares so far today, well above its daily average of 566 thousand shares. NetSuite saw earnings jump nearly 200% in the second quarter. The company beat EPS estimates by $0.02 per share and beat on revenue. The company has a market cap of 3.96 billion.
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