Market Rallies as Jobs Report Surprises

The markets are rallying today on the positive jobs report that was released today. Private employers added 268,000 jobs and when you take into account job cuts from the government, the economy added 244,000 jobs last month. This number came as a surprise to Wall Street as analysts were predicting around 185,000 for the month. The unemployment rate did rise however to 9% from 8.8%. This rise was caused by more people who resumed looking for work last month. Stocks across the board are having a good day as the market as a whole is up. Let’s take a look at some of the biggest percentage gainers so far today.

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) is up nearly 22% today after the company released their Q1 financial results this morning. NATR is currently trading at $10.00 with an intraday high of $10.25. Nature’s Sunshine Products net sales increased 7% from the previous year going from $86.8 million in Q1 2010 to $92.8 million in Q1 2011. The company’s net income per share this quarter was $0.43 compared to $0.31 for the same quarter last year. Overall, Nature’s Sunshine Products Q1 results were positive across the board.

Shares of Vringo, Inc. (AMEX:VRNG) are up 20% at $2.23 with an intraday high of $2.25. VRNG is trading over double its daily volume with over 83 thousand shares traded. The company announced yesterday that they have launched their new Facetones product on the Android Market. Vringo expects to integrate their new product with other social networks and photo sites in the near future.

Oxigene Inc. (NASDAQ:OXGN) is up 20% today at $2.84 after the company announced Q1 earnings conference call for May 12, 2011. OXGN was as high as $3.11 on huge volume today with over 4 million shares traded. Looks like traders are buying up shares leading up to the conference call. Depending on if they have good or bad results, OXGN should be interesting to watch in the next couple of weeks.

After yesterday’s sharp sell-off into today’s job report, the unexpectedly good news has helped to send stocks higher. Commodity prices have also recovered a little bit today, but I think I speak for every consumer who wishes that oil continues its sharp decline.

written by Danny Fisher

Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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