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Stock markets are trading up and the latest labor market data provided it the required fillip. All the major indices including NASDAQ, S&P and Dow are trading more than a percent up each.
The data shows that the labor market is trying to get back on track, though unemployment is likely to be rise in Final pre-election jobs report.On the other hand, companies are providing mixed earnings reports. Major retailer target failed to meet consensus estimates while Chrysler posted its best October sales in 5 years. Here is the list of stocks behind the market gains showed by the indices:
Sourcefire Inc. (NASDAQ:FIRE): The stock is currently trading at $49.45, up 15.56 percent from its previous close of $42.79. Sourcefire is up on the news of its positive Q3 results. The company exceeded market expectations and reported its revenue at $58.8 million, up 30 percent from its prior year week. Sourcefire was expected to report its revenue at $55.8 million. Its adjusted EPS stood at 25 cents per share, beating street estimates of 21 cents per share. The stock is trading at the Price Earnings ratio of 20.4.80. It has traded in the range of $29.19 and $59.64 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $42.04 and 50 days moving average price of $42.03. Sourcefire expects to reports its Q4 revenue in the range of $62 million to $64 million. Its adjusted profit is likely to be between 27 to 29 cents per share.
JDA Software Group Inc. (NASDAQ:JDAS): The stock shot up 17.38 percent and is currently at $44.78. The company has announced its plans to go private after its purchase by RedPrairie for $1.9 billion. RedPrairie will buy outstanding shares of the company at the $45 apiece. Credit Suisse and Greenhill & Co. were retained as financial advisers by RedPrairie. The acquisition will give rise to one of the biggest software companies in the world with over $1 billion in sales. The stock had opened at $44.78 and has traded in the range of $44.76 and $44.80 in the current trading session. JDA Software stock commands the Price Earnings ratio of 51.95. The stock is trading in line to its 20 days moving average price of $44.78 and 50 days moving average price of $44.78. The company is based out of Arizona and was formed in 1985.
Prestige Brands Holdings Inc. (NYSE:PBH): The company reported good results for its second fiscal quarter of the year. Prestige Brands Holdings reported its revenue at $161.9 million, up 53.4 percent from the revenue it reported for the corresponding quarter of the last year. Its net income for the quarter stood at $19.2 million, up from $12.9 million in income it had earned in the prior year quarter. On per share basis, its net income stood at 38 cents, up from 26 cents per share. Prestige Brands Holdings is currently trading at $19.77, up 13.69 percent from its previous close of $17.39. The stock is trading at the Price Earnings ratio of 27.10. It has traded in the range of $8.40 and $20.25 in the past 52 weeks. However, the stock is trading above its 20 days moving average price of $19.74 and below its 50 days moving average price of $19.81.
Heartland Payment Systems Inc. (NYSE:HPY): The company stock is currently trading at $29.32, up 12.42 percent from its previous close of $26.08. The stock had opened at $27.66 and has traded in the range of $27.40 and $29.88 in the current trading session. Heartland Payment Systems stock commands the Price Earnings ratio of 21.59. Heartland Payment Systems reported record earnings for its third quarter of the year. The company reported its GAAP net income at $19.4 million whereas its adjusted net income for the quarter stood at $21.7 million. On per share basis, its net adjusted income has been reported at 33 cents per share.
SM Energy Company (NYSE:SM): The company stock is currently trading at $60.22, up 11.68 percent from its previous close. The stock had opened at $57.09 and has traded in the range of $57.09 and $62.09 in the current trading session. SM Energy stock commands the Price Earnings ratio of 26.35. The company reported its third quarter results and its Quarterly GAAP net loss stood at $38.3 million. The company also announced its adjusted net income at $9.7 million. SM Energy’s revenue for the quarter stood at $379 million, down from $530.6 million in the previous-year quarter.
