Stocks Bounced Back On The Last Day Of Q1 (RIMM, PNBC, SBSA, VBFC, USB, CROX, VVUS)

Stocks opened higher on Thursday after recent pull back as consumer spending rising more than expected and incomes less in February.Futures on the Dow Jones Industrial Average climbed 55 points, or 0.4%, to 13,133. S&P 500 Index futures gained 6 points, or 0.4%, to 1,404.20, while Nasdaq 100 futures rose 12.50 points, or 0.4%, to 2,770.75.
Personal spending rose 0.8% in February as personal income edged up 0.2%, the Commerce Department said, ahead of economists’ estimates of a rise of 0.4% and spending of 0.7%.Spending was also revised up to a 0.4% increase for January, double the original estimate, while the increase in income was lowered slightly, to a 0.2% rise.

Research In Motion Limited (USA)(NASDAQ:RIMM) is leading the tech sector higher and jumped about 4% after the company said that it had a net loss of $125 million, or 24 cents a share, reversing a year ago profit of $934 million, or $1.78 per share. Revenue slid 25% to $4.19 billion. Analysts were estimating the company to report 81 cents a share on revenue of $4.54 billion. The company said it shipped 11.1 million smartphones in the quarter — at the low end of its previously expected range of 11 million- to 12 million units.

Princeton National Bancorp, Inc.(NASDAQ:PNBC) shares continued to move higher and jumped over 35% after surging over 80% in the prior trading session on heavy volume.

Spanish Broadcasting System Inc(NASDAQ:SBSA) climbed 46.71% to $6.96 after the company reported net income of $3.68 million or $0.51 per share from $880 thousand or $0.12 per share in the year ago quarter. Revenue during the quarter grew to $38.2 million, from $34.9 million a year ago.

Village Bank and Trust Financial Corp.(NASDAQ:VBFC) climbed 32.875 to $2.27 without any significant news on very unusual volume.

Crocs, Inc.(NASDAQ:CROX) surged 2% r after CEO John McCarvel gives a positive interview to USA Today. McCarvel asserts Crocs' casual footwear leaves it well-positioned in Asia (expected to be its largest market by the end of 2013), and notes counterfeit Crocs stores have emerged n the region.

U.S. Bancorp(NYSE:USB) fell 0.22% to $31.48 after analyst at BMO Capital downgraded the stock to Market Perform on valuation, but lifted the price target by $1 to $34.

VIVUS, Inc.(NASDAQ:VVUS) added 5.70% to $22.49 as the dust still clears from a FDA panel that had implications for weight-loss drug Qnexa. Yesterday's roller coaster ride for VVUS may have been a bit of a case of "itchy trader fingers" with the final word on FDA approval for Qnexa still up in the air.