NYSE:GNC

Futures Higher As Traders Await Fed Statement. Stocks to Watch: MDS, JVA, CDTI, RENN, URBN, GNC, AMZN

Stock FuturesStock futures are looking for any excuse to go higher. After a bounce in Asia overnight, US markets are set for a sizable bounce this morning. Dow futures are up 61 points to 12,968. Nasdaq 100 futures are up 13.50 points to 2,661. The S&P 500 futures are rounding out the gains, up 7 points to 1,373.

Retail sales are out this morning in-line with expectations. Most of the 1.1% rise is attributable to the record high gas prices this early in a season.

The big news domestically today will be the Fed statement this afternoon. Most expect few fireworks, as the trajectory of the data prevents the Fed from doing anything major to keep the recovery propped up. [Read more...]

Unusual Trading Volume for 11/16: FIO, RATE, JOYG, CFX, GNC

Fusion-io, Inc. (NYSE:FIO) is up 8.64% today at $41.39. FIO is up on large volume today with 2.3 million shares traded so far, more than twice its daily average. Over the past 5 days FIO has jumped from $34 to over $41. Fusion-io develops memory storage technologies. The company has a current market cap of 3.42 billion.

Bankrate, Inc. (NYSE:RATE) is up 3% today at $20.70. RATE has traded 509 thousand shares, up from its daily average of 223 thousand shares. Over the past 5 days, RATE has traded relatively flat except last Thursday when it fell from nearly $22 to just over $19 in one day. Bankrate has a current market cap of 2.07 billion.

Joy Global, Inc. (NASDAQ:JOYG) is up 4.37% today at $89.92. JOYG has traded 4.2 million shares today, up from its daily average of 2.3 million shares. Over the past 5 days, JOYG has moved from under $82 to over $90. Joy Global has a current market cap of 9.46 billion.

Colfax Corporation (NYSE:CFX) is up 4.5% today at $31.36. Colfax was upgraded by UBS from neutral to buy on Novmeber 15. CFX has traded 1.2 million shares today, double its usual trading volume. In the past 5 days, CFX has moved from $27 to over $32. The company has a current market cap of 1.37 billion.

GNC Holdings Inc. (NYSE:GNC) is up 2.36% today at $27.81. GNC has traded 2 million shares so far today, up 1 million from its daily average volume. Over the past 5 days, GNC has moved from below $26 to $27.80. The company has a current market cap of 2.94 billion.

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