Stocks are rallying this today as the market bounces back after five straight days of losses. Alcoa’s earnings helped push the markets higher this morning. Alcoa was expected to report a four cent loss, but instead saw earnings of ten cents per share.
Investors’ worries over Europe also diminished today as borrowing costs fell in Italy and Spain. Energy prices are mixed today with natural gas approaching a ten year low and oil prices jumping nearly $2 to $102.88.
The major stock indexes are up nearly 1% with the Dow up 97 points, the Nasdaq up 21 points and the S&P 500 up 11 points.
Sunpeaks Ventures, Inc. (OTC:SNPK) continues to trend higher today and is up 2.68% at $1.53. SNPK is still being promoted heavily by stock newsletters and the company continues to release news at a steady clip. SNPK has seen some major pullbacks on the way up though so it can and eventually will have another big sell off.
Converted Organics Inc. (PINK:COIN) is up 95% today at $0.0176. COIN is seeing huge volume today with 101 million shares traded so far. COIN shares hit an intraday high of $0.0180 this afternoon.
East Coast Diversified Corporation (OTC:ECDC) jumped another 16% today at $0.0058 with an intraday high of $0.0077. ECDC has jumped about 100% in the past two days. Volume continues to be heavy in ECDC for a second straight day with 77.6 million shares traded.
DNA Dynamics, Inc. (PINK:DNAD) is up 100% today at $0.0032. DNAD has traded 71.6 million shares this afternoon and hit an intraday high of $0.0039.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.