Unusual 11 Mid-Day Movers 3/23: MXC, FIG, BX, PRU Higher; FAZ, EDZ, HRS, AZO Lower
Mexco Energy (AMEX: MXC) 41% HIGHER; a favorite stock of momentum players, who often chase MXC, when they see oil prices rising.
Fortress (NYSE: FIG) 31% HIGHER; up on Geithner's public-private partnership investment program. More here
Blackstone Group (NYSE: BX) 29% HIGHER; also seen as beneficiary of the Geithner's public-private partnership investment program. More here
Barclays (Nasdaq: BCS) 24% HIGHER; up on Geithner's public-private partnership investment program. More here
Financial Bear 3X (NYSE: FAZ) 23% LOWER; getting hit today as financials rise on the news of the public-private investment partnership.
Emerging Markets Bear 3X (NYSE: EDZ) 23% LOWER; as the entire market is rallying, this inverse emerging markets ETF is taking a hit.
Lear (NYSE: LEA) 20% LOWER; seeing weakness today after rising by more than 40% last week.
Prudential Financial (NYSE: PRU) 17% HIGHER; life insurers are also benefiting from the announcement from the Treasury regarding the public-private partnership investment program.
Wells Fargo (NYSE: WFC) 13% HIGHER; is participating in today's rally after the Treasury announced its new investment program to stabilize asset prices.
Harris Corp. (NYSE: EBAY) 9% LOWER; Oppenheimer downgrades Harris (NYSE: HRS) from Outperform to Perform.
Autozone (NYSE: AZO) 2% LOWER; from Buy to Neutral. Price target $175.
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