The Dow Jones (NYSE:DIA) is rocky and higher today at 12,580, the S&P 500 (NYSE:SPY) is flat at 1,340 and the Nasdaq (NASDAQ:QQQ) is up 3 points at 2,818 on the 96th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) LinkedIn (NYSE:LNKD): Shares of LinkedIn are exploding higher 128% to $102 per share today. Over 25 million shares have traded hands in the company’s IPO debut today. LinkedIn is a business-oriented social networking site. Founded in December 2002 and launched in May 2003, it is mainly used for professional networking. As of 22 March 2011, LinkedIn reports more than 100 million registered users, spanning more than 200 countries and territories worldwide. The site is available in English, French, German, Italian, Portuguese and Spanish. Quantcast reports Linkedin has 21.4 million monthly unique U.S. visitors and 47.6 million globally. 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).
2) Sprint Nextel (NYSE:S): Shares of Sprint are trading a half percent to $5.26 per share today. Over 63 million shares have traded hands today. On average 47 million shares traded hands each day. The big telecom news today is Clearwire is handing its 4G business over to Ericsson. Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers. The Company develops, engineers, and deploys various technologies, including two wireless networks offering mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone. Competitors to Watch: AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), Clearwire Corporation (NASDAQ:CLWR), Deutsche Telekom AG (DTEGY), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP), NTELOS Holdings Corp. (NASDAQ:NTLS), United States Cellular Corp. (NYSE:USM), Telephone & Data Systems, Inc. (NYSE:TDS), and CenturyLink, Inc. (NYSE:CTL).
3) General Electric (NYSE:GE): Shares are trading higher 1% to $19.94 per share. Over 31 million shares have traded hands. CEO Jeff Immelt confirmed at a shareholders’ meeting in Florida that GE will execute share buybacks of $12 billion over the next few years. General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally. Competitors to Watch: Citigroup, Inc. (NYSE:C), 3M (NYSE:MMM), Hitachi (NYSE:HIT), United Technologies (NYSE:UTX), Honeywell (NYSE:HON), Agilent (NYSE:A), Danaher (NYSE:DHR), Textron (NYSE:TXT) OSI Systems (OSI), Koninklijke Philips Electronics NV (NYSE:PHG), and Siemens AG (NYSE:SI).