Standout Stocks

With just 20 mintus to go, the markets are sitting at their highs for the day. The strength is notable given that oil is surging today. Biotechs are leading the way, followed by energy. Banks are the weakest group on the day.

My Stock of the Day is Research In Motion (RIMM) - see graph above

The stock gapped lower this morning on the heels of last nights earnings report. I think that given the run in the stock, there would have been profit taking either way. But given that they reported lackluster revenues and gave soft guidance, the move was exaggerated.

Investors often overreact to earnings announcements. Many times the selloffs prove to be good buying opportunities a couple of months out. I will be looking at RIMM in this light, watching for signs of stabilization.

Other stocks making notable, high-volume moves include:

• HCR
• JASO
• WOOF
• BNI
• VIP
• JSDA
• TIF
• KSU
• GROW
• HZO
• USNA
• JOSB
• MSTR
• MBT
• CRM
• MW