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Stocks react to econ data, Micron earnings, BlackBerry stock, Virgin Galactic launch: Trending stocks

Stocks are digesting the latest jobless claims and GDP data. Micron stock falls despite beating revenue estimates. BlackBerry shares tick higher after reporting earnings. Virgin Galactic stock ticks down ahead of first commercial space launch. Yahoo Finance Live breaks down several of this morning's trending stocks.

Video transcript

- And we are 30 minutes into trade here on the day 33 minutes and to be exact the S&P 500 right now you're seeing that trading higher by about 2/10 of a percent as well as the Dow and the NASDAQ also in positive territory. Let's take a look at some of the top movers though this morning early in trade. First up, Micron.

The stock is higher in premarket trading early Thursday, but now falling. The chip maker reported a Q3 loss, which was narrower than expected but exceeded analyst expectations on revenue. The company's earnings call-- Micron said its business is benefiting from strong demand from its memory chips and easing supply build up of traditional PC and smartphones.

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- Shares of BlackBerry-- that's not one that we talk about so often these days, but the shares are jumping some 10% today. Effectively, the company is much lower stock-wise than it used to be. It posted a surprise profit for the first quarter after seeing resilient demand for its cybersecurity products. Revenue in blackberry's cybersecurity business unit was up 5 and 1/2 to $93 million. Revenue from licensing and other services came in at $235 million.

- And Virgin Galactic's stock in the red. The stock was rising earlier in premarket trading ahead of the company's first commercial spaceflight. The flight dubbed Galactic 01 was launched from spaceport America just outside of Truth or Consequences, New Mexico. The flight can be watched over live stream at 11:00 AM Eastern time. I'm not sure I knew that was the name of the city.

- Truth or Consequences, New Mexico. That is--

- Stay out of New Mexico, folks.

- Sounds like a serious place.