The U.S. Stock Market Showed Upward Trend: Top Gainer at NYSE are SKH, CAB, WTI and DHX

With the gain of Republicans in midterm elections the U.S. stock index futures rolled back. According to the analysts the election results could mature stocks with profit margins as the S&P 500 index raised up to 14% since September. With the persistent U.S. dollar weakness and strong earnings led an increased demand for equity trade witnessed a high U.S. stock index level achieved on Wednesday during the last five months. The DOW JONES index advanced 64.10 points or 0.58% to close at 11,188.72. The NASDAQ index advanced 28.68 points or 1.14% to close at 2,533.52 whereas the S&P 500 index also advanced 9.19 points or 0.78% to close at 1,193.57. Top gainers at NYSE were SKH, CAB, WTI and DHX Skilled Healthcare Group, Inc. NYSE:SKH remained at top in the percentage gainers, advanced 21.63% to close at $4.78 with the total traded volume of 3.35 million shares for the day. The 52week range remained in between $1.43 – $8.23. On November 01, 2010 Company announced its third quarter earnings report. Revenues for quarter ended September 30, 2010 was $209.2 million, got an increase of 11.6 percent, comparatively with the consolidated revenue of $187.5 million in the third quarter of 2009. In results announcement ceremony, company's chairman and chief executive officer of Skilled Healthcare Group, Inc Boyd Hendrickson happily declared that these strong revenues were backed up by hospice and home health acquisition in May and from long-term care business. Cabela’s Incorporated NYSE:CAB advanced 20.73% to close at $22.07 with the total traded volume of 3.46 million shares for the day, the 52week range remained in between $11.65 – $22.22. On 2nd November 2010 a total of 208 put options and 937 call options were traded. The put/call ratio remained 0.22; resulting a 4.50 call options traded for each put option. W&T Offshore, Inc. NYSE:WTI jumped 19.42% to close at $12.85 with the total traded volume of 3.92 million shares for the day, the 52week range remained in between $8.15 – $13.27. Company reported profit in the third quarter due to lower costs and expenses. Company earned 43% per share. DICE HOLDINGS, INC. NYSE:DHX advanced 18.92% to close at $10.75 with the total traded volume of 417,562 shares for the day, the 52week range remained in between $5.22- $10.92. According to results of third quarter 2010 company had increased its revenues by 29% to $34.4 million; year-over-year, than $26.7 million in the comparable quarter of 2009. Top losers at NYSE were GKK, CKP, XRS and ENR Gramercy Capital Corp. NYSE:GKK was at top in losers, declined 17.39% to close at $2.09 with the total traded volume of 1.09 million shares for the day, the 52week range remained in between $1.00 – $4.61. Crude oil price at New York Mercantile surged 0.41% to close at $84.24 per barrel on the latest data.
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