In pre-market trading we are seeing some strength from Google (GOOG:NASDAQ) which is gapping higher from a spectacular earnings beat last night. Currently looking to open in the $604 range, this puts GOOG at +8% at the open.
Following suit is Apple Inc (AAPL:NASDAQ) which is currently ready to test the 52wk highs with an open at $418, +2%, gapping higher with a number of tech stocks.
Hot stocks for today will largely be limited to the tech sector based upon Google's strong performance, however, the rally has to date has been limited to low volume, increasing the risk of a sharp reversal.
CNBC.com headlines for the morning:
"Futures added to their gains Friday following a better-than-expected
retail sales in addition to a strong earnings report from Google and
continued optimism over the euro zone will find a solution to its debt
crisis."
Friday, October 14, 2011
Wednesday, October 12, 2011
Hot Stocks
Going into a record ninth day of this stock market rally, we have a number hot stocks worth mentioning today.
Financial stocks were strong, Bank of America (BAC:NYSE) hit +3.3% closing at $6.58 after selling off from the highs.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.
Sprint managed to add an impressive +7.9% and closed at $2.57. This moves comes after a sharp sell off from last week when the stock was as hihg as $3.39.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Sprint is a communications company offering a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers. The Company operates in two business segments: Wireless and Wireline. Sprint offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico and the United State’s Virgin Islands.
Financial stocks were strong, Bank of America (BAC:NYSE) hit +3.3% closing at $6.58 after selling off from the highs.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.
Sprint managed to add an impressive +7.9% and closed at $2.57. This moves comes after a sharp sell off from last week when the stock was as hihg as $3.39.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Sprint is a communications company offering a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers. The Company operates in two business segments: Wireless and Wireline. Sprint offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico and the United State’s Virgin Islands.
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