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.
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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.