The market might feel like it is in free fall mode as suddenly 1,100 on the S&P500 has been taken out and now the DJIA is within 2% of challenging the DJIA 10,000 mark.  What is always interesting to see is those few stocks are actually up on the.  For starters, none should be inverse or leverage ETF/ETN products.  None should be M&A stocks either, nor should they be ADRs.  Some of today’s few key winners are MasterCard Inc. (NYSE: MA), Visa Inc. (NYSE: V), and Apollo Group Inc. (NASDAQ: APOL) on favorable climate news.  Bounces on oversold conditions include BSD Medical Corp. (NASDAQ: BSDM), Citi Trends, Inc. (NASDAQ: CTRN), and Advance Auto Parts Inc. (NYSE: AAP).  Then come favorable earnings reports sending shares of The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Dollar Tree, Inc. (NASDAQ: DLTR), Ross Stores Inc. (NASDAQ: ROST), Williams Sonoma Inc. (NYSE: WSM), Aruba Networks Inc. (NASDAQ: ARUN), and Staples Inc. (NASDAQ: SPLS).

We have provided the news or logic behind the gains as well as price. volume, and other relative data where applicable.

REGULATORY BOUNCES

MasterCard Inc. (NYSE: MA) is up 1.5% at $205.40 on over 2.6 million shares and Visa Inc. (NYSE: V) is up 2.5% at $74.84 on almost 15 million shares.  These two are bouncing after being very much oversold on swipe fee regulation.  Apollo Group Inc. (NASDAQ: APOL) is up again on continued hope that a recent regulatory boss has resigned that was deemed unfavorable to for-profit education companies, and shares are up 0.35% at $56.38.

OVER-SOLD BOUNCES

BSD Medical Corp. (NASDAQ: BSDM) is up over 7% at $1.48 on a recently oversold chart as this was just a $2.00 stock as recently as April 22.  Citi Trends, Inc. (NASDAQ: CTRN) is just a bounce after a big drop this week, but shares are up 6.5% at $32.50 on double-volume.  Advance Auto Parts Inc. (NYSE: AAP) is not just up, but it hit 52-week highs after beating earnings last night and due to an analyst call from Raymond James reiterating a BUY and taking the $55 target to $60 on the stock.  Shares are up 5.7% at $48.71.

EARNINGS GAINERS

The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE) is up 3.4% at $42.91 after bearing earnings handily and raising guidance next quarter and for the year.  Dollar Tree, Inc. (NASDAQ: DLTR) is showing that the dollar store trade is not dead after it beat earnings and raised guidance; shares up over 3% at $51.58.  Ross Stores Inc. (NASDAQL ROST) is up over 2% at $52.78 after beating earnings and claiming record margins. Williams Sonoma Inc. (NYSE: WSM) beat earnings handily again as its store traffic recovers, sending shares up 4.6% at $29.75 on almost 6 million shares.  Aruba Networks Inc. (NASDAQ: ARUN) is one that was up more and is barely up now after beating earnings and seeing a Stifel Nicolaus upgrade, with shares up 0.3% at $11.61.  Staples Inc. (NASDAQ: SPLS) beat earnings but guidance was soft.  Staples was soft this morning then went up close to $22.00 and shares are currently 0.25% at $21.60.

Imagine how well these stocks would be doing today if the ticker-tape was not such a disaster.  As it stands right after 1:00 PM, the markets are sharply lower:

• DJIA is at 10,132.17, down 312.20 or -2.99%
• S&P500 is at 1,077.31, down 37.74 or -3.38%
• NASDAQ is at 2,211.01, down 87.36 or 3.80%

Longer-dated U.S. Treasury prices are about the only winners in town outside stocks; now the 10-year is yielding 3.21% and the 30-year is yielding down at 4.09%.  Gold is down about 0.6% around $1,184 per ounce and crude oil is getting wiped out with a drop of $5.24 to $64.63 around the contract roll-date.

JON C. OGG

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