Markets Trend Up on Second Greek Austerity Vote

The markets are on the rise this morning with the Dow leading the surge climbing 1.14%. The Nasdaq and S&P 500 are following closely behind as the have seen rises of 1.11% and .93% respectively. The surge today comes as confidence continues to grow as the Greek Parliament members passed a law permitting the implementation of of the austerity plan that was approved on Wednesday. This second vote is a key step to get the debt relief from the European union. The rise marks the third day in a row the markets have shown life. Lets take a look at a few stocks that are performing well in today’s markets.

Leading Brands Inc. (NASDAQ:LBIX) shares are on the move this morning climbing 70% to $4.18 per share. Volume is up this morning on news of first quarter results for Leading Brands. Net income was $448,000 or $.13 per share versus $.10 per share in the first quarter of 2010. First quarter EBITDAS (Earnings Before Interest, Depreciation, Amortization, and SBC) was $1,031,000 or $.29 per share.

New Energy Systems Group (AMEX:NEWN) share have risen 28% this morning to $2.63 per share. Volume has already exceeded the average daily volume of 300k shares as NEWN announced it has been added to the Russell Microcap Index. The addition effective June 24, 2011 signifies progress for New Energy. The Russell Microcap index includes companies such as Orbitz Worldwide, and Rosetta Stone.

RIT Technologies Ltd. (NASDAQ:RITT) shares have trended skyward this morning and are up 43% to $9.77 per share with an intraday high of $10.60. Volume is up as well and has exceeded 1 million shares on news that RITT has received several large orders from a top-tier diversified financial services company. The order which exceeds $1 million will see RIT Technologies deploy its IIM solution for projects in the EMEA (Europe, Middle East, Africa) and the US.

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About MarcS

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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