Optimism For Chinese Stimulus Boosts Markets

Optimism that China will announce additional economic stimulus measures sent the markets soaring to a sharply higher close with the Dow leaping 125 points to 12,580. Nasdaq surged 33 points to 2870.

On the upside

An InvestorVillage contributor noted that Microvision (Nasdaq: MVIS) was an undervalued growth company.

Rising polysilicon prices lifted shares of MEMC Electronic Materials (NYSE: WFR).

Santarus (Nasdaq: SNTS) will present at the Jefferies 2012 Global Healthcare Conference on Tuesday, June 5.

On the downside

Shares of Talbots (NYSE: TLB) continued falling after announcing on Friday that Sycamore Partners ended acquisition discussions with the women's apparel retailer.

William Blair downgraded Complete Genomics (Nasdaq: GNOM).

Cleveland Research said that April same store sales slowed for Tractor Supply (Nasdaq: TSCO).

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 10 points to 777.

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