Stocks are trading slightly lower this morning after GDP was revised to 2% from a previous estimate of 2.5%. The Dow is down 32 points, the Nasdaq is down 0.31 points and the S&P is down 1 points. The debt committee failure is also weighing on investors as well as the continued debt crisis in Europe. Let’s take a look at a few stocks posting gains in early trading.
Cheniere Energy, Inc. (AMEX:LNG) is up 7.49% at $12.34 this morning. LNG has traded 3.8 million shares so far today and is about to pass its daily average of 3.87 million shares. The company announced 20-year LNG (liquefied natural gas) sale and purchase. The company has a current market cap of 993.02 million.
Focus Media Holding Ltd. (NASDAQ:FMCN) is up 7.45% at $16.58 in morning trading. The company denies Muddy Water allegations that send the stock cratering yesterday. Focus Media also announced today they will continue repurchasing shares. FMCN has traded 14.5 million shares so far today, triple its daily average.
Spreadtrum Communications Inc. (NASDAQ:SPRD) is up 3.17% at $24.40 this morning. SPRD has traded 767 thousand shares so far this morning and trades on average 1.3 million shares daily. SPRD is trying to bounce back today after falling from $29 late Friday to less than $24 yesterday. The company has a current market cap of 1.15 billion.
Zale Corporation (NYSE:ZLC) is up 8.99% at $3.88 this morning. ZLC has traded 311 thousand shares so far today and is looking to beat its daily average of 747 thousand shares. Zale’s is up on strong quarter results today as the company reported a loss of $0.99, which was less than analysts expectations of $1.42. The company has a current market cap of 121.25 million.
Geneseco Inc. (NYSE:GCO) is up 5.08% at $58.94 this morning. GCO is up on above average volume with 343 thousand shares traded so far today. The stock averages 399 thousand shares in volume daily. GCO released earnings today with EPS $1.21, $0.25 better than estimates. The company also raised FY2012 EPS above consensus. The company has a current market cap of 1.42 billion.
Barnes & Noble, Inc. (NYSE:BKS) is up 4.67% at $18.16 in early trading. BKS has traded 523 thousand shares so far today and trades on average 1.2 million shares. BKS has been trending higher the past 5 days moving from $15.50 to over $18. The company has a current market cap of 1.04 billion.
