In financial news, New York based firm Duff Phelps Company (NYSE:DUF) had a very robust trading day on New Years Eve. The company's stock is currently up 20.31% at $15.72. The firm is performing well after its stock rating was improved to over-perform by analysts at William Blair. This company is coming off a third quarter net profit margin of 5.56% and an operating margin of 9.26%. Duff Phelps Company (DUF) is a financial advisory firm that specializes in investment banking services.
In pharmaceutical news, Lexicon Pharmaceuticals (LXRX)is having a very strong day of trading on Wall Street. The company is currently up 14.13% at $2.17. Lexicon Pharmaceuticals (NASDAQ:LXRX) recently announced that the FDA has given the firm fast track status for its drug LX1033. The company is coming off of a third quarter that saw a net profit margin drop of 7490%. Lexicon Pharmaceuticals (LXRX) is a Woodlands, Texas based pharmaceutical firm that specializes in discovery and treatments for several human diseases.
In transportation news, US Airways Group Inc. (LCC) is posting a strong day of trading. The company is currently trading up 5.47% at $13.49. The company is trading strongly after news that AMR, the parent company of American Airlines is closing in on a merger with US Airways. News of the pending acquisition sent the stock shooting up as many see the move as a sign of strength for the firm. US Airways Inc. (LCC operates and owns a series of freight airline carriers.
Amyris Inc. (NASDAQ:AMRS) is having a great trading day. The company which specializes in creating renewable energy is currently trading up 18.55% at $2.90. Amyris Inc. (AMRS)is coming off of a rough third quarter that saw a drop of 106.7%. The uptick in the stock comes as a result of news that the company is starting production at a Brazillian Biofuels plant. In order to achieve this the firm has already raised $37 million. Amyris Inc. (AMRS) is based out of Amryville, California.
In technology news, Cirrus Logic Inc. (NASDAQ:CRUS)is currently having a strong day of trading. The company which specializes as a supplier of digital analog and audio processing components is currently trading up 5.24% at $28.53. The company is coming off a third quarter that saw an increase of 18.29% and a net profit margin of 18.29% as well as a return on average equity of 28.54%.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.