The Dow Jones (NYSE:DIA) is back above 12,000 to 12,106, the S&P 500 (NYSE:SPY) is edging higher to 1299 and the Nasdaq (NASDAQ:QQQQ) is increasing to 2,702 on the 56th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:

1) Bank of America Corporation (NYSE:BAC): Shares are down 1.44% to $13.68 per share today. Over 196 million shares have traded hands. The Federal Reserve denied Bank of America’s ability to increase its dividend to shareholders. Many on Wall Street see the major BAC bailout has too close in time to distributing paying out a hiked dividend. Meanwhile, competitors J.P. Morgan (NYSE:JPM) and Wells Fargo (NYSE:WFC) are dishing out dividends to their shareholders. 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.

2) Jabil Circuit, Inc. (NYSE:JBL): Shares are up 11.36% to $21.08 per share today. Over 15 million shares have traded hands. Jabil Circuit is a Wall St. Cheat Sheet Premium Investment Newsletter Selection from last month. The company stated net income of $55.4 million, or $.25 cents per share relative to net income of $29.8 million, or $.14 cents per share, in the same quarter a year ago. Revenue jumped nearly 31% to $3.93 billion from $3.0 billion. Jabil (NYSE:JBL) said it expects to earn $.55 cents to$. 59 cents per share next quarter. Jabil Circuit, Inc. is an electronic manufacturing services provider for international electronics companies in the communications, personal computer, peripheral, consumer, and automotive markets. The Company offers circuit design, board design from schematic, prototype assembly, volume board assembly, system assembly, repair, and warranty services.

3) Cree, Inc. (NASDAQ:CREE): Shares are smacked down over 12% to $43.04 per share today. Almost 18 million shares have traded hands. The company disappointed Wall Street when the company lowered guidance for fiscal Q3 revenue and margins on weaker-than-expected demand and pricing. Cree, Inc. develops and manufactures semiconductor materials and electronic devices made from silicon carbide (SiC). The Company uses proprietary technology to make enabling compound semiconductors such as blue and green light emitting diodes, SiC crystals used in the production of unique gemstones, and SiC wafers that are sold for device production and research.

4) General Mills, Inc. (NYSE:GIS): Shares are down 1.71% to $36.28 per share today. Over 6 million shares have traded hands. The food company earned $392.1 million, or $.59 cents per share. That’s up from $332.5 million, or $.48 cents per share, a year earlier. Revenue increased 2% to $3.65 billion. Wall Street forecast $3.7 billion, this GIS under delivered on the top-line estimates. 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.

5) American Tower Corporation (NYSE:AMT): Shares are up 1.7% to $49.55 per share today. Over 4.6 million shares have traded hands. Following the AT&T-T-Mobile merger, the stocks is seeing a major bounce toward its 200-day moving price average above $50 per share. American Tower Corporation owns, operates, and develops wireless communications and broadcast towers in the United States. The Company leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular. American Tower also offers a variety of network development services.

6) Insmed Incorporated (NASDAQ:INSMD): Shares are up 7% to $5.15 per share today on two piece of very strong news. First, the company received FDA clearance toward a Phase 3 trial for ARIKACE™ (liposomal amikacin for inhalation) in nontuberculous mycobacteria (NTM) lung infections. Second, the company regained NASDAQ compliance for its stock listing now that shares above minimum requirements. With healthcare in positive, Insmed has been the speculative talk of many on Wall Street as an acquisition target. Insmed, Inc. is a biopharmaceutical company. The Company develops and commercializes drugs that treat metabolic diseases, endocrine disorders and oncology. Insmed offers products for the treatment of Type 1 and 2 diabetes, polycystic ovary syndrome, and osteoporotic hip fracture.

7) Oclaro, Inc. (NASDAQ:OCLR): Shares are up 3.55% to $10.78 per share today. Over 1.73 million shares have traded hands. The company’s stock is rebounding after a nasty beating the past few weeks. The optical networking sector has seen some pain recently, yet once earnings season rolls around, Oclaro tends to steadily rise again. The bargain buyers are back in this stock today. Oclaro Inc. develops, manufactures, and provides optical solutions designs. The Company manufactures and markets optical components, modules, and subsystems used in a range of diversified markets, including telecommunications, data communications, aerospace, consumer optics, and semiconductors.

8) Capstone Turbine Corporation (NASDAQ:CPST): Shares are up over 6% to $2.07 per share today. Over 9 million shares have traded hands today. Investors are giddy today as President Obama named the company in recent speech on his trip to Brazil highlighting green companies. Capstone Turbine Corporation designs, assembles, and sells Capstone MicroTurbines for worldwide applications in the distributed power generation and hybrid electric vehicle markets. The Capstone MicroTurbine is a low-emissions power generation system that combines a gas turbine-driven high-speed generator with power electronics.

9) Sirius XM Radio Inc. (NASDAQ:SIRI): Shares are down 3% to $1.65 per share today. Over 58 million shares have traded hands. The Howard Stern lawsuit is giving major heat to Sirius XM stock. Wunderlich Securities cut its rating to Hold from Buy and reduced its price target on SIRI shares to $1.65 from $2. There is plenty of uncertainty pushing the stock down due to Stern’s powerfully pending suit. 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.

10) Cintas Corporation (NASDAQ:CTAS): Shares are up over 5.5% to $29.77 per share today. Over 2.65 millino shares have traded hands. The company earned $59.1 million, $.41 cents per share, for the quarter relative to $49 million, or $.32 cents per share, a year earlier. Revenue popped 9% to $937.8 million, way higher than the $908.3 million analysts forecas. Cintas designs, manufactures and implements corporate identity uniform programs. The Company also provides entrance mats, restroom supplies, promotional products, document management, fire protection, and first aid and safety services.

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