Here are four stocks the Yahoo Finance team will be following today.
First up, WPCS International (WPCS) whose stock jumped 20% in after-hours trading yesterday. The surge came after the tech company announced its BTX Trader unit would be releasing a software platform to trade Bitcoins. The digital currency last traded above $800 according to Bitcoin exchange, Mt.Gox. For the year, WPCS is down nearly 50%.
Next, General Motors (GM). The U.S. automaker and its Chinese partner, SAIC, will recall close to 1.5 million cars in China, according to a Chinese watchdog. The Buicks and Chevys are being recalled to fix defective fuel-pump brackets, which could leak fuel in extreme situations. The recall will begin on December 30th. China is a key market for GM with 30% of its car sales came from this market last year. GM is up close to 43% year-to-date.
Now, aircraft maker Textron (TXT), whose stock rose more than 2% in after-hours trading yesterday after it agreed to buy U.S. plane maker Beechcraft Corp for $1.4 billion. Textron, which makes Cessna planes and Bell helicopters, will be adding Hawker business jets to its arsenal through this merger. Textron hopes this deal will help turn things around after missing top line expectations for five consecutive quarters. Textron stock is up more than 42% for the year.
Finally, Lockheed Martin (LMT). The company hit a 52-week high yesterday after reports that the Obama Administration recently sent a batch of Lockheed's Hellfire missiles to Iraq to help the country combat an increase in terrorist attacks. For the year, Lockheed Martin is up about 60%.