Nearest Support: $27
Catalyst: Earnings Beat >>2 Financial Stocks Spiking on Big Volume Shares of financial services firm Morgan Stanley ( MS) are getting bid 5% higher this afternoon, following a 42% rise in profits for the second quarter of 2013. While analysts were already expecting a marked improvement in Morgan Stanley's numbers, the results actually surpassed expectations, with profits coming in at 45.2 cents per share. That's sending MS to new highs today. Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. Investors who aren't risk-averse can consider putting on a position here.
Nearest Support: $16
Catalyst: Preliminary Results >>5 Stocks Insiders Love Right Now Even though WhiteWave Foods ( WWAV) priced a share offering this morning, the dilution isn't phasing investors today. Shares of the organic milk manufacturer are enjoying more upside on the heels of preliminary numbers announced earlier this week. Even though WWAV isn't slated to discuss the details of its financial results until Aug. 9, a sneak peek at numbers on Monday showed a double-digit boost in net income for the quarter. I wouldn't necessarily call that a buy signal, though. WWAV has been trading in a wide range for most of 2013, and the spread between resistance at $19.50 and support at $16 is wide enough to be worried about downside from here. Shares are coming up on a key price ceiling right now -- so despite recent strength, now's not the time to build a position.
Nearest Support: $7
Catalyst: Earnings Beat >>5 Stocks Set to Soar on Bullish Earnings Finally, it's a good day for shareholders of small-cap grocery chain Supervalu ( SVU). Shares of the company are up more than 16% on high volume today, after posting a big earnings beat. Wall Street analysts had been expecting to see earnings per share of 3.7 cents in this morning's cal. Instead, SVU delivered a full 14 cents. That positive sentiment is sending shares to a new 52-week high in this afternoon's session, putting this stock in year-to-date gains of more than 217%. With no resistance levels in sight, traders should expect more upside in the near-term. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
Twitter and become a fan on Facebook.