Hot Stocks Of The Day (OPWV, Bank of America Corp, JOYG)


Openwave Systems Inc. (NASDAQ:OPWV) is one of the notable percentage gainers and jumped 28% to $1.88 on over 6.20 million shares. This morning the company said that it has logged a complaint with the International Trade Commission in Washington against Apple Inc. (Nasdaq: AAPL) and Research In Motion Ltd. (Nasdaq: RIMM), stating that both the companies have repeatedly infringed on the Redwood City, California-based company’s patents.

Bank of America Corp (NYSE:BAC) is one of the most active stocks and jumped another 1% to $8.19 after hitting day’s high of $8.29. The stock had been under heavy selling pressure over the past two months on concern of mortgage relates liablities. However, the stock has recovered significantly from its 52-week low of 6.01 (on Aug 23, 2011). The stock has soared about 35% from its low boosted by an announcement that Warren Buffett has agreed to invest $5 billion as an additional capital in the Bank.

Joy Global Inc. (NASDAQ:JOYG) surged 1.65% to $83.73 after the company said that it earned $173.1 million, or $1.62 a share in the third-quarter  on revenue of $1.14 billion, ahead of analysts’ estimates of $1.53 a share on $1.17 billion in revenue. In a year ago quarter, the company had profit of  $118.5 million, or $1.13 a share.

The company also increased its profit guidance for full-year and said that now it expects to earn $5.70 to $6 a share on revenue of $4.3 billion to $4.5 billion, compared to its previous guidance of $5.30 to $5.60 a share and $4.1 billion to $4.3 billion.

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