The internet software and services industry is the leading industry at the moment up 2.18% with SINA corp leading the charge up over 15%.
Among leading stocks is Rosetta Genomics(ROSG) up over 300% after the announcement of obtaining medicare coverage. Telik Inc. is another leader after publishing two reports describing results of a clinic study of Telintra, up over 42% to 4.19.
Down shares this morning are Ambow Education of China due to a further delay of filing its 2011 financial. JCPenny is also amongst the losers due to poor results down 15% to 28.33
The commodities are inline where they were pre-trade with crude, gold and silver down and Natural gas up. At least they are consistent.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

The Mortgage bankers association report was out this morning with a big surge in refinance applications up 13% for the week of May 11. The average mortgage rate fell 5 basis points to 3.96% its lowest in the reports history.
The housing starts are up for April .747 million units an increase of 30.1% from a year ago, strengthen mostly by multifamily units.
JCPenny earnings were reported short and shares are down pre-trade while Target and Abercrombie both posted up. John Deere also beat expectations with net profit up 17%. Dunkin Doughnuts were upgraded by Argus to buy from hold and shares are above before open.
Commodities futures are currently presenting a loss with crude of over 1%, gold and silver of about 1% while natural gas stays afloat up about .5%.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

Tecumseh products was the leading gainer of the day up almost 40% to 38.94 after a positive earnings call. The company’s earnings report Monday may 7th showed net sales down 9.6%

Crude finished down yet again finalizing at 93.27 down 1.59% as did gold and silver while natural gas showed them up gaining nearly 3% closing at 2.50. The CRB future was still able to maintain positive finishing up .80 to 289.20 and ending a five session losing streak.
The drug delivery and sporting goods industries both finished strong up around 3.3% each.

JP Morgan managed to finish up despite all the bad reporting at 36.27 up 1.35%.
The housing market index showed signs of life with significant improvements in demand this month lifting the housing market index 5 points higher to 29, a new recovery high.

The positives were outweighed by the negatives with the Dow, Nasdaq and S&P all finishing negative. Spanish broadcasting remained heavily hit finishing down 40% to 3.75.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

Commodities are currently mixed with the CRB index up 0.4% after its fifth straight loss yesterday. Energies crude and natural gas are both up with crude around $95 a barrel and metals gold and silver both in the negative.

Under Armour shares are up this morning 1.8% after dick’s sporting goods announced its quarter 1 results showing strong sales of the firm’s products. Together with Sports Authority they account for about a quarter of Under Armour’s sales. The sporting goods industry is currently up 4.05% as the top performing industry.

One of the top performing stocks again today is Groupon up over 18% to 13.93 after announcing Monday that its revenue jumped up 89% and its customer base more than double to 36.9 from 15.4m a year earlier.

Heading losers today is that of Spanish Broadcasting System down over 25% after announcing its first quarter results.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu