8 Trending Stocks Hitting Trading Screens as Markets Rally Over 1%
Wall St. Watchdog reveals information about 8 hot stocks that have hit our trading screens here at Wall St. Watchdog in the morning:
- UBS AG (NYSE:UBS): Shares of UBS AG are trading lower today after the Swiss bank claims a rogue trader in its investment-banking division has accumulated $2 billion of losses. 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.
- Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT): Shares of Transcept Pharmaceuticals, Inc. are trading higher today after the FDA was “generally” on board with 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.
- Netflix, Inc. (NASDAQ:NFLX): Shares of Netflix, Inc. are trading lower today after the company expects to end the quarter with 21.8 million domestic streaming subscribers and 14.2 million U.S. DVD subscribers, down from its prior forecast of 22 million and 15 million, respectively. Netflix Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations.
- VIVUS, Inc. (NASDAQ:VVUS): Shares of VIVUS, Inc. are trading higher today after the FDA has agreed to allow an early resubmission of its new drug application for Qnexa, for the treatment of obesity. VIVUS, Inc. is a biopharmaceutical company developing therapies for obesity, sleep apnea, diabetes and sexual health. The company markets a treatment for erectile dysfunction, and has drugs for obesity and erectile dysfunction in late-stage clinical trials.
- Fundtech Ltd. (NASDAQ:FNDT): Shares of Fundtech Ltd. are trading higher today after the Israeli financial services firm has a higher $23.33/share cash buyout offer from private-equity company GTCR which tops an all-stock bid from S1 (NASDAQ:SONE). Fundtech Ltd. is a provider of software solutions and services to financial institutions around the world. The company develops and sells products that enable banks to automate their corporate banking activities. Fundtech offers products in five business segments: payments, cash management, settlements, financial messaging, and post-trade securities settlement.
- The Marcus Corporation (NYSE:MCS): Shares of The Marcus Corporation are trading higher today after reporting Q1 earnings revenue of $123.9 million (+9% year-over-year) and EPS of $0.42, beating Wall Street expectations by $7.7 million and $0.02. The Marcus Corporation operates in the lodging and entertainment industries. The Company’s movie theater division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club.
- Aixtron AG (NASDAQ:AIXG): Shares of Aixtron AG are trading lower today after the German chip equipment maker cut its outlook for 2011 sales and operating margin to the tune of one whole quarter of revenue. Aixtron AG engineers and manufactures metal organic chemical vapor deposition (MOCVD) equipment for the semiconductor industry. The Company’s customers use its equipment to produce compound semiconductor layer structures for use in LED, laser, solar cell, transistor, telecommunications, and other applications. Aixtron markets its products worldwide.
- Veeco Instruments Inc. (NASDAQ:VECO): Shares of Veeco Instruments Inc. are trading lower today after catching a “Buy” analyst rating yesterday. Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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