Vringo Inc Extends Rally (VRNG, STEM, ROST, NFLX, NLY)

Vringo Inc Extends Rally (VRNG, STEM, ROST, NFLX, NLY)

Vringo Inc (NYSEAMEX: VRNG) surged up 14.19% to $4.92 on a traded volume of 8.22 million shares. The stock is up after a federal judge removed one of the last hurdles that could have stopped the Company from going to trial October16. Vringo filed a patent suit against Google Inc and others. The judge threw out the defendants’ motion for summary judgment, which could have prevented a trial.

StemCells Inc (NASDAQ:STEM) soared 7.35% to $2.27 on a traded volume of 2.30 million shares. The Company said that it transplanted neural stem cells into its first patient with dry age-related macular degeneration. This will push forward its Phase I/II clinical trial. This trial signifies an exciting extension of on-going clinical research with neural stem cells from disorders of the brain and spinal cord to now include the eye.

Ross Stores Inc (NASDAQ:ROST) declined 2.26% to $65.18 on a traded volume of 1.49 million shares. The Company raised the third guidance. The Company expects earnings per share for the third quarter of 2012 are now projected to be in the range of $.70 to $.71. October same store sales are forecast to be up 3% to 4%.

The Company reported that September sales increased 10% to $800 million. Comparable store sales for the month grew 5%. Sales rose 13% to $6.245 billion for the eight months. Comparable store sales increased 8% for the eight months.

Netflix Inc (NASDAQ:NFLX) increased 5.19% to $65.78 on a traded volume of 5.11 million shares. The Company will post its third-quarter 2012 financial results and business outlook on its investor relations on October 23, 2012.

Citigroup restated a buy rating on the stock. The analyst rated buy due to highly reasonable valuation, positive execution track record and early market opportunity for Internet video streaming.

The analyst of Citigroup said the video- subscription service has improved its customer satisfaction. Netflix has struggled with customer-satisfaction issues since increasing prices in 2011 for users who both stream videos and get DVDs by mail.

Annaly Capital Management Inc (NYSE:NLY) declined 1.75% to $16.59 on a traded volume of 5.62 million shares. The Company announced an adjustment to the conversion rate for 4.00% Convertible Senior Notes Due 2015. The adjustment to the conversion rate for the Notes is being made pursuant to the governing indenture for the Notes in light of the Company’s previously announced third quarter 2012 common stock cash dividend of $0.50 per common share