10 Trending Stocks Lighting Up Our Trading Screens as the Dow Rises 0.5%
Wall St. Watchdog reveals information about 10 hot stocks that have hit our trading screens here at Wall St. Watchdog in the morning:
- The St. Joe Company (NYSE:JOE): Shares of The St. Joe Company are trading higher today after a stockholder agreement with activist investor Fairholme Funds that allows the money manager to “acquire beneficial ownership” of up to 50% of St. Joe’s common stock, up from 30%. The St. Joe Company is a real estate operating company. The Company provides community, commercial, industrial, leisure, and resort development, as well as timber, and commercial real estate services.
- Research In Motion Limited (NASDAQ:RIMM): Shares of Research In Motion Limited are trading lower today after the Blackberry maker reported a large drop in earnings on Thursday afternoon as sales of its smartphones and tablets steeply declined. Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.
- Diamond Foods, Inc. (NASDAQ:DMND): Shares of Diamond Foods, Inc. are trading higher today after announcing earnings that beat Wall Street expectations. Diamond Foods, Inc. is a branded food company specializing in processing, marketing and distributing culinary, snack, in-shell and ingredient nuts.
- RPX Corp (NASDAQ:RPXC): Shares of RPX Corp are trading higher today after pricing a follow-on offering of 3 million shares at $20.49 a share.
- Cooper Industries plc (NYSE:CBE): Shares of Cooper Industries plc are trading lower today after issuing downward guidance for Q3 and full-year 2011. Cooper Industries PLC is a global, diversified electrical products and tools manufacturer. The Company’s products include electrical distribution equipment, wiring devices, support systems, hazardous duty electrical equipment, lighting fixtures, emergency lighting, fuses, nonpower hand tools and industrial power tools.
- UBS AG (NYSE:UBS): Shares of UBS AG are trading higher today after a $2 billion loss due to a rogue trader has made it so UBS (NYSE:UBS) will not save any money from the their recent plan to cut 3,500 jobs. UBS AG is a wealth management, investment banking, and asset management firm. The Company provides a variety of financial services to individuals, institutions, corporations, governments, and financial intermediaries around the world.
- AMERIGROUP Corporation (NYSE:AGP): Shares of AMERIGROUP Corporation are trading lower today after raising forecasts for the ratio of premium revenue spent on patient care, citing continued rising medical costs. AMERIGROUP Corporation, a multi-state managed healthcare company, serves people who receive healthcare benefits through state-sponsored programs. Programs include Medicaid, Children’s Health Insurance Program, and Family Care. The Company provides managed care and medical management programs, as well as offers community-based education and outreach programs.
- Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT): Shares of Transcept Pharmaceuticals, Inc. are trading lower today after yesterday’s huge pop on FDA support for its Intermezzo drug. Transcept Pharmaceuticals, Inc. is a specialty pharmaceutical company which develops and commercializes proprietary products that address therapeutic needs in the fields of psychiatry and sleep medicine. The Company’s products include sublingual low dose formulation of zolpidem developed for the treatment of insomnia.
- Zogenix, Inc. (NASDAQ:ZGNX): Shares of Zogenix, Inc. are trading lower today. Zogenix, Inc. is a specialty pharmaceutical company with proprietary product candidates in late-stage development for the treatment of central nervous system disorders and pain. The Company’s products candidates include a product that enables needle-free subcutaneous delivery of sumatriptan for the treatment of acute migraine.
- Citigroup, Inc. (NYSE:C): Shares of Citigroup, Inc. are trading flat today after Bloomberg research found the cost of faulty mortgages and foreclosure abuse at the 5 largest lenders to be $66 billion to date, with potential for the final tally to be twice as high. Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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