NASDAQ:AVNR

Stocks Rally on ISM Report, Hot Stocks to Watch: FONR, CRDN, BIOF, MTG, SNTA, AVNR

Stocks are rallying across the board today as data from the manufacturing surprises. Futures were already set to open higher this morning after better than expected factory data in China and the EU. The manufacturing sector in the U.S. expanded for the first time since May as the ISM index rose to 51.5 in September, up from 49.6 in August. An ISM index reading of 50 or more signals expansion.

It wasn’t all good news today though as construction spending fell by the most in a year, down 0.6% in August. The good ISM numbers have overshadowed this news today though as the Dow is up over 1% in late morning trading.

The Dow is currently up 155 points, the Nasdaq is up 21 points and the S&P 500 is up 14 points. [Read more...]

Stocks Jumping In After Hours Trading: CA, TSCO, MNST, TSN, SWY, AVNR

CA Technologies (NASDAQ:CA) is up 5.30% in after hours trading at $22.05. CA closed unchanged today at $20.94 with 1.9 million shares traded. CA trades 3.4 million shares a day on average. CA shares have been trending higher for about a week now. On Jan. 9, CA Technologies announced there conference call for their third quarter results will be held at 5 pm EST on Jan. 24. CA also announced that Lufthansa Cargo will be using the company’s CA Clarity Project and Portfolio Management solution. “CA Clarity PPM was chosen over other providers particularly on the strength of its plenitude of functionality, its high-quality configuration options, and its flexibility,” commented Wolfram Martin , Head of Controlling Cross Functions Lufthansa Cargo AG. The company has a market cap of 10.33 billion.

Tractor Supply Company (NASDAQ:TSCO) is up 4.03% in after hours trading at $75.87. TSCO closed the day slightly higher at $72.93 with 575 thousand shares traded. TSCO shares are up after hours after the company announced fourth quarter revenue above consensus. Revenue was $1.24 billion versus the estimated $1.19 billion by analysts. Tractor Supply also raised its fiscal year EPS (earnings per share) guidance to $2.97-2.99 from $2.85-2.89. The company has a market cap of 5.18 billion.

Monster Beverage Corporation (NASDAQ:MNST) is up 1.73% in after hours after closing down nearly 3% in regular trading. Monster Beverage just announced a two for one stock split this afternoon. On Feb 15, 2012 each shareholder will receive one additional share for each stock held at the close of business on Feb 6. MNST shares have been trending downward this week and have lost about $4 a share. The company has a market cap of 8.05 billion.

Tyson Foods Inc. (NYSE:TSN) is up slightly in after hours trading at $19.85. TSN closed the day down nearly 3% at $19.74. This is the first time Tyson has closed below $20 since early December. TSN fell on strong volume today with 5.9 million shares traded, about double its daily average volume. The company has a market cap of 7.30 billion.

Safeway Inc. (NYSE:SWY) is up about 1% in after hours trading at $20.95. SWY finished the day down 2.85% at $20.79 after SuperValu’s earnings caused Safeway to fall as well. SWY traded 10 million shares today, 4 million more shares than it usually trades. The company has a market cap of 7.13 billion.

Avanir Pharmaceuticals (NASDAQ:AVNR) is up 2.27% in after hours traidng at $2.70. AVNR closed today 10% higher at $2.64 with 2.3 million shares traded. AVNR has been rallying for nearly a month now after dipping from $2.60 to below $1.80 in the first half of December. Pharmaceutical companies have been hot after numerous recent acquistions. The company has a market cap of 335.17 million.

Stocks Heading Up Early: WINN, TWER, GTIV, INHX, AVNR, ZLCS

The markets are up this morning despite political instability in the Korean Peninsula following Kim-Jong il’s death. Home builder sentiment rose for the third straight month as well giving the markets a little boost. Taking a look at the markets around 10:45 am EST the Dow is up 45 points, the Nasdaq is up 13 points and the S&P is up 3 points. Volume will probably be relatively light this week baring any breaking news out of Europe as traders get ready for the holidays. Here’s a quick look at stocks heading up this morning.

Winn-Dixie Stores Inc. (NASDAQ:WINN) is up 70.63% this morning at $9.26. WINN has traded 39.8 million shares so far today, well above its daily average volume of just 951 thousand shares. Winn-Dixie shares jumped this morning after Bi-Lo said it would acquire the company for $9.50 a share. The company has a current market cap of 520.65 million.

Towerstream Corporation (NASDAQ:TWER) is up 15.18% in early trading at $2.20. TWER has traded 493 thousand shares so far today, already above its daily average of 486 thousand shares. The company has a market cap of 120.67 million.

Gentiva Health Services Inc. (NASDAQ:GTIV) is up 9.06% this morning at $6.62. GTIV has traded 389 thousand shares so far today and averages 974 thousand shares a day on average. Gentiva Health Services has a market cap of 206.32 million.

Inhibitex, Inc. (NASDAQ:INHX) is up 5.55% this morning at $11.02. INHX has traded 2.3 million shares so far today and trades 2.6 million shares a day on average. INHX stock is bouncing today after a big sell off on Friday due in large part to news on another company, Pharmasset. The company has a market cap of 878.45 million.

Avanir Pharmaceuticals (NASDAQ:AVNR) is up 7.30% today at $1.91. AVNR has traded 1 million shares so far today and trades 1.6 million shares a day on average. AVNR has been trending lower most of the month and is down from a December high of around $2.60. Avanir has a market cap of 243.76 million.

Zalicus Inc. (NASDAQ:ZLCS) is up 5.17% today at $1.22. ZLCS has traded 649 thousand shares so far today and trades 987 thousand shares a day on average. Zalicus announced this morning they have initiated Phase 1 clinical trial of Z944. The company has a market cap of 122.35 million.

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