Hot Stocks For Monday, March 17

Is Facebook a Hot Stock?

On Monday, March 17, the momentum spotlight was on two companies from China: Kandi Technologies (NASDAQ:KNDI) and Sky-mobi (NASDAQ:MOBI) as they posted huge gains. Kandi Technologies (NASDAQ:KNDI) is often described as a go-kart manufacturer. Actually, the Jinhua-based company develops and manufactures electrically-powered specialty vehicles, including: all-terrain vehicles, utility vehicles, three-wheeled motorcycles, mini-cars, as well as go-karts. On Monday, KNDIs share price skyrocketed 23.33 percent to $21.41 after the company reported fourth-quarter earnings. Kandis revenue soared 92 percent to $50.6 million, with $40 million of the companys revenue resulting from a 193.7 percent increase in its sale of electric vehicles. KNDI sold 3,568 electric vehicles during the fourth quarter. On a year-over-year basis, KNDIs profits jumped 259 percent to $4.6 million compared with $1.3 million during the fourth quarter of 2012. Better yet, many investors are anticipating that the company will benefit from Chinese government incentives for electric vehicle manufacturers with expanding efforts to fight the nations air pollution problem. Mondays other star from China was Sky-mobi (NASDAQ:MOBI) a Hangzhou-based provider of mobile software applications. MOBI shares soared 12.42 percent to $11.13 on Monday, after the company announced a partnership between its subsidiary, Mopin Technology and China Unicoms Wo Store. The press release issued by Sky-mobi focused on the idea that customers will be able to receive some degree of tech support at the Wo Store: Michael Tao Song, Chairman and Chief Executive Officer of Sky-mobi stated, We have been arduously working on this project since 2010 when we found through customer feedback that customers visiting the operators physical stores expected more than just assistance with choosing and purchasing a new phone. Source:

Canada Hot Stocks: TransGlobe, Whitecap

Food and medicine Administration (FDA) that its Investigational New medicine (IND) application for the drug imetelstat had been placed on full medical hold. Geron Corporation ( NASDAQ:GERN ) gaining 2.52% and closed at $1.83 on a traded volume of 9.20 million shares, in comparison to 5.53 million shares of average trading volume. The company has a total market capitalization of $283.33 million. For How Long GERN will fight for Profitability? Read This Trend Analysis report Synovus Financial Corp. Source:

Hot Stocks: Geron Corporation (NASDAQ:GERN), Synovus Financial Corp. (NYSE:SNV), Staples, Inc. (NASDAQ:SPLS), IsoRay, Inc. (NYSEMKT:ISR)

As seen in the daily price chart below, Facebook is trading above its rising key averages which signal neutral to bullish price action in the near-term. (Source: Thinkorswim) Taking a look at the implied volatility (red) and implied volatility skew levels of Facebook options may help determine if investors are bullish, neutral, or bearish. Save Time Make Money! A new stock idea each week for less than the cost of a trade. Source:

TransGlobe Energy (C$8.80, up 4.6%) and Caracal Energy Inc., two small, Calgary-based energy companies, agreed to merge by way of a share exchange to create a $1.8 billion venture focused on oil production in Africa. Imperial Oil Ltd. (IMO) said Monday it will sell certain oil and gas assets in Western Canada to smaller peer Whitecap Resources (C$12.00, up 4.1%) for about C$855 million. Separately, Whitecap raised its diviend 10% and said the deal will boost cash flow and production. Write to Among the companies whose shares are making notable moves in Monday's session are Bombardier Inc. Source: