3 Stocks Are Lighting Up Trading Screens Today

The Dow Jones (NYSE:DIA) at 12,580, the S&P 500 (NYSE:SPY) is at 1,327 and the Nasdaq (NASDAQ:QQQ) is at 2,817 on the 138th trading day of 2011, as these stocks hit our radar:

1) Apple Inc. (NASDAQ:AAPL): Shares of Apple Inc. are trading higher over 3% to $388.45 per share today. Over 29 million shares have traded hands relative to the 15 million daily share average. Shares hit a 52-week high today of $396.26. Apple crushed their quarterly earnings report with 82% revenue growth over last year. The iPad and iPhone demand continues to fuel the company’s operational upside. 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. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

2) E TRADE Financial Corporation (NASDAQ:ETFC): Shares of E TRADE Financial Corporation are trading higher over 15% to $15 per share today. Over 26 million shares have traded hands relative to the average 4.38 million on a daily basis. Sale rumors are swirling on Wall Street as shorts are covering and shares are being bid up today ahead of the company’s earnings release. E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors. The Company’s products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering. E Trade reports earnings after the bell. Here is what you need to know right now>>

3) Nalco Holding Company (NYSE:NLC): Shares of Nalco Holding Company are trading higher over 24% to $35.87 per share today. Over 44 million shares have traded hands today. Ecolab (NYSE:ECL) announced it will buy Nalco for $5.4 billion to add water treatment to its business portfolio. Nalco Holding Co. provides integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. The Company’s products and services are used in water treatment applications to prevent corrosion, contamination and the buildup of harmful deposits, or in production processes to enhance process efficiency.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

More from The Cheat Sheet