3 Stocks Attracting Big Trading Interest May 13th
The Dow Jones (NYSE:DIA) is lower over 100 points today at 12,586, the S&P 500 (NYSE:SPY) is lower at 1,337 and the Nasdaq (NASDAQ:QQQ) is cooling off 1% at 2832 on the 92nd trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
- Bank of America (NYSE:BAC): Shares are lower 1.84% to $11.98 per share today. Over 101 million shares have traded hands already. The company is bullish on a housing recovery to begin taking effect the remainder of 2011. Investors could be down on the stock since JP Morgan and Morgan Stanley will likely lead the General Motors stock sale to the public. 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).
- NVIDIA Corporation (NASDAQ:NVDA): Shares are lower 9.32% to $18.59 per share today. Over 38 million shares have traded hands relative to the 18 million daily share volume average. The company reported a decrease in profits in its latest quarterly release. NVIDIA Corporation provides visual computing technologies that generate interactive graphics for computers, mobile devices and gaming consoles. Competitors to Watch: Advanced Micro Devices, Inc. (NYSE:AMD), Intel Corporation (NASDAQ:INTC), Texas Instruments Inc. (NYSE:TXN), Broadcom Corporation (NASDAQ:BRCM), QUALCOMM, Inc. (NASDAQ:QCOM), Microsoft Corporation (NASDAQ:MSFT), Silicon Image, Inc. (NASDAQ:SIMG), Pixelworks, Inc. (NASDAQ:PXLW), Marvell Tech. Group Ltd. (NASDAQ:MRVL), and ARM Holdings plc (NASDAQ:ARMH).
- Dillard’s Inc. (NYSE:DDS): Shares are up 14.59% to $55.68 per share today. Over 3.88 million shares have traded hands relative to the 984,354 daily share volume average. The retailer had a strong quarterly earnings release this morning, reporting an uptick in same store sales. Competitors to Watch: Macy’s, Inc. (NYSE:M), Saks Incorporated (NYSE:SKS), Stage Stores, Inc. (NYSE:SSI), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), J.C. Penney Company, Inc. (NYSE:JCP), Stein Mart, Inc. (NASDAQ:SMRT), Kohl’s Corporation (NYSE:KSS), Syms Corp. (NASDAQ:SYMS), The Buckle, Inc. (NYSE:BKE), and Citi Trends, Inc. (NASDAQ:CTRN).