Key Stock Gainers That Don’t Care About the Poor Employment Report (AMZN, BAC, GMCR, ING, BTU, QCOR, ZQK, GOLD, SWHC, ULTA, X)

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By Jon C. Ogg Updated Published
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So what if the jobs numbers were a huge disappointment. There are many stocks on the move this morning after the huge Chinese stimulus package and on the heels of yesterday’s bond-buying plans from Mario Draghi.

Amazon.com Inc. (NASDAQ: AMZN) is up almost 1.6% at $255.25 this morning after yesterday’s new lineup of Kindle products. This may not sound like much of a move, but it is a key move: this is an all-time high as the prior high was $252.70.

Bank of America Corp. (NYSE: BAC) is the biggest bank gainer this morning among the money-center banks with a gain of 3.3% to $8.63 in active trading. With the employment report so bad, this drives QE3 chances higher.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is surging by 8% to $26.70 after being started as with a Buy rating and $39 target at Lazard this morning.

ING Groep N.V. (NYSE: ING) is trading up 6% at $8.53 after selling its Capital One stake. This is against a 52-week range of $5.51 to $10.43.

Peabody Energy Corp. (NYSE: BTU) is surging 6.4% to $22.76 this morning as this is a coal play benefiting from China’s stimulus and while it is still in a sales process over an operation in Australia.

Questcor Pharmaceuticals Inc. (NASDAQ: QCOR) is surging 5% to $52.85 after disclosing information on its operating metrics and share repurchases.

Quiksilver Inc. (NYSE: ZQK) is surging by 18% to $3.63 after beating earnings. What is interesting is that the revenue figure may have been light against some estimates for this small cap apparel player.

Randgold Resources Ltd. (NASDAQ: GOLD) is up another 4% at $113.20 and that makes about an $11 gain just since Wednesday.

Smith & Wesson Holding Corp. (NASDAQ: SWHC) is selling guns faster than they can make them and that is what their earnings outlook shows. Shares hit a new 52-week high and shares were up 22% at $11.00. At the moment shares are up almost 19% at $10.68.

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ: ULTA) shares are up almost 8% at $102.54 based on beating earnings estimates after the close on Thursday. Shares hit a new all-time high, but get this figure: Ulta is now worth $6 billion!

United States Steel Corp. (NYSE: X) is surging this morning by almost 8% to $20.70 after China’s stimulus package and on news that a rival’s union is protesting at U.S. facilities over contracts.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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