Trading Where the Action Is!

By | TradingMarkets.com | October 03, 2008 01:31 PM
Symbols: C, RIMM, WFC, WB, ORCL

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.


Original publication: October 03, 2008

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