Education Stocks Rallying After Obama's Speech (APOL, ESI, DV, STRA)

Earlier today, President Obama spoke at Hudson Valley Community College in Troy, N.Y. where he pushed his plans to make the nation's economy more stable in the future by investing in education for high-tech industries. He unveiled a new "innovation strategy" that builds on $100 billion of economic stimulus funds to support entrepreneurship, education, infrastructure and other investments.

"Our strategy begins where innovation so often does: in the classroom and in the laboratory -- and in the networks that connect them to the broader economy," the president said in prepared remarks.

Additionally, Obama said that by 2020 America will again have the world's highest proportion of college graduates and recent increase in Pell Grants will help the nation reach that goal.

Some of the for-profit education stocks are reacting to Obama's prepared remarks today.

• Apollo Group (Nasdaq: APOL) up 6.61% to $73.58
  
• ITT Educational Services (NYSE: ESI) up 9.6% to $113.40
  
• DeVry (NYSE: DV) up 6.44% to $55.89
  
• Strayer Education (Nasdaq: STRA) up 5.32% to $214.85
  
• Career Education (Nasdaq: CECO) up 4.95% to $25.03
  
• Corinthian Colleges (Nasdaq: COCO) up 7.50% to $20.20
  
• Brightpoint Education (NYSE: BPI) up up 7.79% to $17.68

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