Investing

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

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

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