Stocks are ramping higher halfway through trading on Friday, as oversold conditions from Thursday's sell-off overcame negative economic news on the jobs front.
Financial stocks were the biggest performers as of midday, with Wachovia ( WB | Quote | Chart | News | PowerRating) leading the pack as the target of would-be suitors, Citigroup ( C | Quote | Chart | News | PowerRating) and Wells Fargo ( WFC | Quote | Chart | News | PowerRating). Wachovia is up more than 70% so far in trading on Friday.
Among those Nasdaq stocks moving higher as of midday are technology names such as Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating), up more than 6% and Oracle
Corporation
(
ORCL |
Quote |
Chart |
News |
PowerRating), ahead by more than 5%.
Here is a list of stocks that have gained 20% or more so far in trading today.
| Name | Symbol | % Up |
|---|---|---|
| Wachovia Corporation | WB | +74.17 |
| General Growth Properties Inc. | GGP | +43.02 |
| Community Central Bank Corporation | CCBD | +37.75 |
| Imarx Therapeutics Inc. | IMRX | +33.17 |
| Downey Financial Corporation | DSL | +31.55 |
| Fonar Corporation | FONR | +31.48 |
| Miva Inc. | MIVA | +29.76 |
| BankUnited Financial Corporation | BKUNA | +29.35 |
| Intest Corporation | INTT | +29.67 |
| Fx Real Estate & Entertainment Inc. | FXRE | +25.00 |
| Ambac Inc. | ABK | +23.90 |
| National City Corporation | NCC | +23.57 |
| Bluefly Inc. | BFLY | +22.89 |
| Langer Biomechanics Group Inc. | GAIT | +20.50 |
Here is a list of stocks that have lost 20% or more so far in trading today.
| Name | Symbol | % Down |
|---|---|---|
| Navios Maritime Holdings Inc. | NNWS | -59.93 |
| Chesapeake Corporation | CSK | -51.67 |
| Comstock Homebuilding Companies Inc. | CHCI | -26.26 |
| First Industrial Realty Trust | FR | -23.94 |
| WPT Enterprises Inc. | WPTE | -23.73 |
| RF Monolithics Inc. | RFMI | -23.61 |
| Nature Vision Inc. | NRVN | -22.23 |
| Cost Plus Inc. | CPWM | -20.40 |
| Ideac Inc. | IAR | -20.00 |
Source: MarketWatch
For a list of today's top-rated stocks, click here.
David Penn is Editor in Chief at TradingMarkets.com.
