Stock Futures Gap on Jobs Numbers. Stocks to Watch: VRML, RENN, SBUX, MCP, GMCR, FRO, SIRI

Stock FuturesAdd another feather in the cap for the recovery. In February, the US economy added 227k jobs. Then unemployment remained unchanged as more people reentered the workforce in search of jobs. Dow futures are currently up 83 points to 12,855. Nasdaq 100 futures are up 31.50 to 2,635. The S&P 500 futures are rounding out the Friday gains, up 14.25 points to 1,361.

The past three months of job growth has been the fastest since 2006. This is a huge boost to the psyche of the recovery, and to the President’s reelection campaign. Trade gap data with China also showed a trade gap of over 25 billion dollars.

Job gains for January were also revised higher, from 243k to 284k. This was the biggest one-month total since the recession ended.

One takeaway from this. Any expectations of QE3 just got shoved out of the window. The catalyst for that will have to be severe now. [Read more...]

Nasdaq Stocks Trending Higher: INHX, DRWI, GRPN, SBUX, ERTS, QCOM

Here’s six stocks that ended last week higher than where they started.

Inhibitex, Inc. (NASDAQ:INHX) closed Friday up 115% at $8.54. The company announced positive data for its hepatitis C drug early Friday and caused INHX stock to double. INHX traded 29.6 million shares on Friday, well above its daily average volume of less than a million shares. The stock hit a new 52-week high of $9.45 and has a current market cap of 667.7 million.

DragonWave Inc. (NASDAQ:DRWI) closed Friday up 41% at $5.09. DragonWave announced it is buying Nokia Siemens microwave business on Friday for 15 million euros. DRWI traded 2.8 million shares on Friday, above its daily volume of 369 thousand shares. The company has a current market cap of 180.85 million.

Groupon, Inc. (NASDAQ:GRPN) closed Friday up 30% at $26.11. Groupon, Inc started trading on Friday following its IPO. GRPN actually opened Friday at $30 and quickly ran up to $31.14 before coming back down. GRPN traded large volume on Friday with 49.81 million shares traded. At its current price, Groupon has a market cap of 15.68 billion.

Starbucks Corporation (NASDAQ:SBUX) closed Friday up 6.74% at $44.19. SBUX posted strong fiscal fourth-quarter results late last week and expects more growth in 2012. SBUX traded 17.1 million shares Friday, more than twice its daily volume. The company has a current market cap of 32.97 billion.

Electronic Arts Inc. (NASDAQ:ERTS) closed Friday up 3.36% at $25.20. ERTS traded 15.1 million shares on Friday, nearly double its daily average of 8.7 million shares. The company has a current market cap of 8.34 billion.

Qualcomm, Inc. (NASDAQ:QCOM) closed Friday up 0.70% at $56.90. QCOM posted strong earnings last week and saw a nice jump on Thursday. The stock traded over 21 million shares on Friday, about 4 million more shares than usual. The company has current market cap of 94.98 billion.

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