The Dow Jones (NYSE:DIA) is rebounding over 150 points to 12,085, the S&P 500 (NYSE:SPY) is up 14 points at 1,283 and the Nasdaq (NASDAQ:QQQ) is higher 39 points to 2,692 on the 122nd trading day of 2011, as these stocks hit our radar:
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)
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