Wednesday, June 1, 2011

US Hot Stocks: LVS, F, MU, OREX, AMSC

Las Vegas Sands Corp. (NYSE: LVS) rallied more than 2% after the Macau government announced that gambling revenue in the world's largest gaming market, jumped 42.4 percent in May to 24.3 billion patacas ($3 billion).

Ford Motor Co. (NYSE: F) slumped more than 3% on Wednesday after the automaker said that it U.S. sales dropped 0.1% to 192,102 vehicles in May. 

Micron Technology Inc. (NASDAQ: MU) slid more than 4% after IHS iSuppli said that global DRAM revenues during the first three months of 2011 amounted to $8.3 billion, lower than the $9 billion anticipated. The first-quarter total represented a 5.6% decline from US$8.8 billion in the fourth quarter of 2010.

Orexigen Therapeutics, Inc. (NASDAQ: OREX) soared more than 14% after the diet pill developer said it would make a regulatory announcement about its highly anticipated obesity treatment Contrave on Friday, June 3, 2011.

American Superconductor Corp. (NASDAQ: AMSC) tumbled more than 19% after the maker of wind-turbine components and transmission lines delayed filing its annual report, saying it needed time to review revenue from shipments to China and expects to exclude a “material amount” of revenue that had been included in its sales estimate for the fiscal year ended in March.

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