Hot US stocks today july 13 2011

Hot US stocks today july 13 2011 ; US stocks were trading higher on Wednesday as investors shrug off concerns European debt, after China reported better-than-expected growth data. The Dow Jones industrial average was trading higher by 134.72 points or 1.08 percent to trade at 12,581.60 and the Standard & Poor's 500 index added 13.56 points or 1.03 percent to trade at 1,327.20. The Nasdaq Stock Market Inc. composite index was up 29.85 points, or 1.07 percent to trade at 2,811.76.

Capital One Financial Corp. (NYSE: COF : 51.77, -0.47) today reported better-than-expected second quarter FY 2011 earnings of $1.97 a share, compared to Wall Street's estimate of $1.68 a share. The financial services company is also announced a $2 billion stock offering. COF is down 2.22 percent to $51.08 a share.

Exco Resources Inc. (NYSE: XCO : 16.32, 0.59) has been upgraded by analysts at Stifel Nicolaus on Wednesday to buy from hold and set a price target of $19 a share for the oil and gas exploration company. XCO is trading higher by 2.54 percent to $16.14.

Netflix Inc. (Nasdaq: NFLX : 298.38, 7.08) hiked monthly prices for customers who use both its mail and online services, a move that could steer users toward its growing Internet streaming service. NFLX is trading at $298.72, up 2.546 percent on Wednesday.

Cummins Inc. (NYSE: CMI : 107.08, 4.32) said Tom Linebarger, currently president and chief operating officer, will succeed CEO Tim Solso effective January 1, 2012. Shares of CMI were trading higher by 2.90 percent to $106.32 on Wednesday.

Transatlantic Holding Inc. (NYSE: TRH : 51.53, 2.51) said today that it has received an unsolicited proposal from Validus Holdings, Ltd. (NYSE: VR) to acquire all of Transatlantic's outstanding shares of common stock. Shares of Transatlantic were trading higher by 4.65 percent to $51.30, while Validus shares lost 8.08 percent to $28.32 on Wednesday.

Harbin Electric Inc. (Nasdaq: HRBN : 18.14, 0.77) announced in June about its plan to go private. The company submitted a preliminary merger proxy statement. Shares of Harbin Electric were trading at $18.40, adding 1 point, or 5.75 percent on Wednesday.

Shares of Transcept Pharmaceuticals Inc. (Nasdaq: TSPT : 5.14, -3.43) plunged on Wednesday, after the company said the Food and Drug Administration rejected its new drug application for insomnia treatment Intermezzo. TSPT is trading lower by 41.09 percent to $5.06 a share in the morning session of trading today.

Investment Technology Group Inc. (NYSE:ITG : 12.02, -1.67) said that it expect second quarter losses to be in the range of $4.62 per share to $5.18 per share. The company also expects to carry out cost-cutting activities in the coming quarters. ITG is currently trading lower by 7.52 percent to $12.66 a share.