Stock Analysis Recap: Here’s Why These Stocks Were Heavily Traded This Week
Here are the hottest stocks of the week from June 27th to July 1st.
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1) Apple Inc. (NASDAQ:AAPL): Shares are higher over 2% to $333.33 per share today. Over 7 million shares are trading hands. Shareholders and new investors are going gaga over the latest iPhone chatter and buzz. On June 17th, we wrote that Apple was undervalued for a few major reasons at $321 per share. The stocks is now up over 4% since that story assessed the value situation. Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. Competitors to Watch: Google Inc. (NASDAQ:GOOG), Hewlett-Packard Company (NYSE:HPQ), Dell (NASDAQ:DELL), Microsoft (NASDAQ:MSFT), Adobe (NASDAQ:ADBE), IBM (NYSE:IBM), Intel (NASDAQ:INTC), Super Micro (NASDAQ:SMCI), Verizon (NYSE:VZ) and Research In Motion Limited (NASDAQ:RIMM).
2) Bank of America (NYSE:BAC): Shares are higher over 3% to $10.86 per share today. Over 121 million shares are trading hands. The giant banking stock finally caught a bid after continuous 52-week lows being hit. The latest news today is the new banking rules appears to be well-liked by bank shareholders. About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary. Competitors to Watch: Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF) and Wells Fargo & Company (NYSE:WFC).
3) Nike Inc. (NYSE:NKE): Shares of Nike Inc. are trading higher over 1.5% to $82.45 per share today. 1.88 million shares have traded hands prior to the company’s earnings release slated for this afternoon. For the Earnings Sneak Peek, go here. NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors. Competitors to Watch: Crocs, Inc. (NASDAQ:CROX), Deckers Outdoor Corp. (NASDAQ:DECK), Skechers USA, Inc. (NYSE:SKX), K-Swiss Inc. (NASDAQ:KSWS), Steven Madden, Ltd. (NASDAQ:SHOO), The Timberland Company (NYSE:TBL), LaCrosse Footwear, Inc. (NASDAQ:BOOT), Phoenix Footwear Group, Inc. (AMEX:PXG), TOD’S SpA (NYSE:TOD), Kenneth Cole Productions (NYSE:KCP), Under Armour (NYSE:UA) and Nordstrom (NYSE:JWN)
1) General Motors (NYSE:GM): Shares of GM closed up .79% to $30.50 per share today. 12.61 million shares traded hands. Toyota issued a negative report today and auto investors stock switched over to General Motors’ shares. Moody’s even cut Toyota’s rating today as well. GM shares have not gone anywhere in 2011, yet are in need of a catalyst to generate shareholder growth once again. The negative hit on Toyota this year could be the catalyst for now. General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide. Competitors to Watch: Ford Motor Company (NYSE:F), Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM), Spartan Motors, Inc. (NASDAQ:SPAR).
2) Google (NASDAQ:GOOG): Shares closed up 2.25% to $493.65 per share today. 2.69 million shares traded hands relative to the 2.56 million daily average. Google unveiled Google+, its new social networking initiative to improve site time and compete with Facebook for a larger share of ad dollars. New CEO Larry Page is shifting corporate strategy to compete head-on with Facebook. Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Competitors to Watch: Apple (NASDAQ:AAPL), Yahoo (NASDAQ:YHOO), Microsoft (NASDAQ:MSFT), eBay (NASDAQ:EBAY), Amazon (NASDAQ:AMZN), Bidu (NASDAQ:BIDU), Oracle (NASDAQ:ORCL), Research in Motion (NASDAQ:RIMM), and AOL (NYSE:AOL).
3) Schlumberger Limited. (NYSE:SLB): Shares closed higher 4.6% to $84.35 per share today. 10.98 million shares traded hands. Investors were buying shares of SLB hand over fist today. Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys. Competitors to Watch: Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL), National-Oilwell (NYSE:NOV), Allis-Chalmers (NYSE:ALY), Chevron (NYSE:CVX), Exxon (NYSE:XOM), Conoco-Phillips (NYSE:COP), BP (NYSE:BP), and Weatherford International Ltd. (NYSE:WFT).
4) Insmed (NASDAQ:INSM): Shares closed up 5.8% to $12.47 per share. Over twice the daily average trading volume changed hands. The company’s shares were added to the Russell 3000 Index today. Expect to see more institutional money become aware of this hidden healthcare gem. The stock kicked off April at $6.71 per share, up 87% in almost 3 months. Is Merck (NYSE:MRK) still watching INSM as a potential acquisition target, or are other healthcare companies (i.e. Pfizer (PFE) Eli Lilly (NYSE:LLY) Johnson & Johnson (NYSE:JNJ)) now potentially watching this stock too? Insmed Incorporated is a biopharmaceutical company focused on the development of innovative inhaled pharmaceuticals for the site-specific treatment of serious lung diseases, and has a proprietary protein platform aimed at niche markets with unmet medical need. Insmed’s primary focus is on the development of inhaled antibiotic therapy delivered via proprietary advanced pulmonary liposome technology in areas of high unmet need in lung diseases.
1) Monsanto Company (NYSE:MON): Shares of Monsanto Company traded higher over 5% today. Monsanto Company provides agricultural products for farmers. The Company’s business segments are seeds and genomics. Monsanto produces a wide range of seeds and develops biotechnology traits that assist farmers in controlling insects and weeds as well as provides other seed companies with genetic material and biotechnology traits for their seed brands.
2) General Mills, Inc. (NYSE:GIS): Shares of General Mills, Inc. traded higher .46% today. General Mills, Inc. manufactures and markets branded and packaged consumer foods worldwide. The Company also supplies branded and unbranded food products to the foodservice and commercial baking industries.
3) The Shaw Group Inc. (NYSE:SHAW): Shares of The Shaw Group Inc. traded lower over 7% today. The Shaw Group Inc. provides engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the power, process, environmental, infrastructure, and emergency response markets.
4) Lindsay Corporation (NYSE:LNN): Shares of Lindsay Corporation traded higher over 5% today. Lindsay Corporation manufactures and markets center pivot and lateral move irrigation equipment, as well as large diameter steel tubing, for use to irrigate agricultural crops. The Company also provides outsourced manufacturing and production services to original equipment manufacturers in the United States.
5) American Greetings Corporation (NYSE:AM): Shares of American Greetings Corporation traded lower .66% today. American Greetings Corporation and its subsidiaries design, manufacture, and sell everyday and seasonal greeting cards and other social expression products. The Company’s products include greeting cards, gift wrap, paper party goods, candles, balloons, stationery, and giftware. American Greetings’s products are sold throughout the world.
6) Alanco Technologies, Inc. (NASDAQ:ALAN): Shares of Alanco Technologies, Inc. traded higher over 112% today. Alanco Technologies, Inc., through its subsidiary, provides advanced information technology solutions with a focus on radio frequency identification tracking technology. The Company’s TSI PRISM system features proprietary software and hardware components. Alanco’s system provides continuous, real-time prison inmate and officer identification and tracking capabilities indoors and out.
7) Family Dollar Stores, Inc. (NYSE:FDO): Shares of Family Dollar Stores, Inc. traded higher .79% today. Family Dollar Stores, Inc. is a national discount store chain. The Company operates stores located throughout the United States that offer merchandise that includes consumables, home products, apparel and accessories, seasonal and electronics.
8) KB Home (NYSE:KBH): Shares of KB Home traded lower 15% today. KB HOME builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers. The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title and insurance services.
9) Sealy Corporation (NYSE:ZZ): Shares of Sealy Corporation traded lower over 2% today. Sealy Corporation manufactures and markets a complete line of bedding products, including mattresses and mattress foundations. The Company also manufactures and markets specialty (non-innerspring) viscoelastic and latex bedding products.
10) SGOCO Group Ltd (NASDAQ:SGOC): Shares of SGOCO Group Ltd traded lower over 11% today. SGOCO Group Ltd. designs and manufactures branded LCD products in China. The Company currently sells its products via multiple channels including computer stores, distributors and specialty retailers, but is focused on developing a more vertically integrated Direct Store Delivery system.
1) Ford Motor Company (NYSE:F): Shares are up almost 3% to $$13.83 per share today. The daily average volume of 64 million traded shares has been achieved today. With Independence day holiday weekend approaching, drivers are already starting their engines in this stock. Here’s Why Shares of Ford are Smoking Now. Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.
2) Sirius XM Radio Inc. (NASDAQ:SIRI): Shares are up over 5% to $2.20 per share today. Over 100 million shares have traded hands on Wall Street. On a technical basis, shares broke above the 50-day moving average this week. Sirius XM Radio Inc. broadcasts various channels of audio from its satellites. The Company provides its services throughout the continental United States for a monthly subscription fee. Sirius delivers various streams of commercial-free music in every genre, as well as streams of news, sports, weather, talk, comedy, and public radio.
3) Koninklijke Philips Electronics NV (NYSE:PHG): Shares are up 4.43% to $25.68 per share today. Over 4 million shares have traded hands relative to the 2 million daily average. The stock is finally catching a bid after recently hitting a 52-week low of $22.60 per share. Shares were slammed over 10% on June 22nd. Koninklijke Philips Electronics N.V. manufactures medical systems; domestic appliances; consumer electronics; and lighting. The Company produces imaging, ultrasound and healthcare informatics equipment; shaving and beauty and health and wellness products; displays, and peripherals; and lamps and luminaries.
4) Dow Loser of the day: Bank of America (NYSE:BAC): The dog of the Dow today. Shares are down around 2% at $10.92 per share. The company is the highest traded stock of the day with over 210 million shares trading hands relative to the daily average of 151 million shares. Another $1 billion plus lawsuit is haunting BAC’s Countrywide by way of MBIA. Competitors to Watch: Citigroup (NYSE:C), Deutsche Bank (NYSE:DB), JPMorgan Chase (NYSE:JPM), HSBC (NYSE:HBC), Metlife (NYSE:MET), PNC (NYSE:PNC), U.S. Bancorp (NYSE:USB), Financials (NYSE:XLF) and Wells Fargo & Company (NYSE:WFC).
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