A123 Systems, Inc.(NASDAQ:AONE) shares continued to
move higher and has bounced back 280% from its all time low of $0.05 last week,
as the stock was a 80% fall in one day after the company filed for bankruptcy.
On Friday, the company won court approval to borrow
as much as $15.5 million from Johnson Controls Inc. while it prepares to sell
its assets.
Has
AONE Found The Bottom and Ready To Move Up? Find Out Here
Netflix, Inc.(NASDAQ:NFLX) shares are gaining
momentum as well and rose 6.20% after The Next Web notices a job listing for
linguists capable of translating "marketing, UI and content
materials" into "Turkish, Dutch, Hindi, German, Italian, Norwegian,
Korean, and Japanese." That's fueling speculation Netflix is planning to
enter some of the markets where those languages are spoken. Norwegian audiences
are already covered by last week's Scandinavian launch.
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) gained 1.33%. The
stock has been moving within a narrow range over the past one month after
slumping earlier in the first half on increased
competition from Qihoo 360 Technology Co Ltd(NYSE:QIHU).
Baidu is still at the top of the heap having about
80 percent of the search market in China. It also has the advantage of being
protected by the Chinese government which has obstructed Google in its efforts
to penetrate the market.
On Friday, analyst at UBS started coverage on the
stock with a Buy rating.
SUPERVALU INC.(NYSE:SVU) soared 28%, extending its
weekly gain to over 74%. Today’s rally were sparked by a note out
to clients from JPMorgan citing a 50% chance for a leveraged buyout. The firm's
stance is that Supervalu sits as a relatively easy target with its low-cost
debt and real estate assets as it upgrades the stock to Neutral from
Underweight.
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