Morning Market Movers

Joe's Jeans JOEZ rose 21.36% to $1.25 on Q2 results. The company reported a 56% surge in its quarterly revenue. InterCloud Systems ICLD shares surged 15.71% to $6.48 after the company announced an update on network solution sales. American Apparel APP shares gained 14.40% to $1.18 after jumping 19% on Thursday. Digital Ally DGLY rose 10.73% to $8.01 following Thursday's 127% gain. Can-Fite BioPharma CANF rose 7.60% to $4.53. ChannelAdvisor ECOM surged 7.17% to $24.82. Deutsche Bank upgraded Channel Advisor from Hold to Buy. ChannelAdvisor is expected to release its Q2 financial results on August 4, 2014. Lorillard LO climbed 4.49% to $65.92. Lorillard confirmed that Lorillard and Reynolds American RAI are engaged in discussions regarding RAI's potential acquisition of Lorillard. Cowen & Company initiated coverage on Lorillard with a Underperform rating.