3 Stocks Driving Markets Up June 30th
The Dow Jones (NYSE:DIA) is powering up for the 4th straight day 152 points to 12,413, the S&P 500 (NYSE:SPY) is up 13 points at 1,320 and the Nasdaq (NASDAQ:QQQ) is higher 35 points to 2,775 on the 125th trading day of 2011, as these stocks hit our radar:
1) Ford Motor Company (NYSE:F): Shares are up almost 3% to $$13.83 per share today. The daily average volume of 64 million traded shares has been achieved today. With Independence day holiday weekend approaching, drivers are already starting their engines in this stock. Here’s Why Shares of Ford are Smoking Now. Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.
2) Sirius XM Radio Inc. (NASDAQ:SIRI): Shares are up over 5% to $2.20 per share today. Over 100 million shares have traded hands on Wall Street. On a technical basis, shares broke above the 50-day moving average this week. 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.
3) Koninklijke Philips Electronics NV (NYSE:PHG): Shares are up 4.43% to $25.68 per share today. Over 4 million shares have traded hands relative to the 2 million daily average. The stock is finally catching a bid after recently hitting a 52-week low of $22.60 per share. Shares were slammed over 10% on June 22nd. Koninklijke Philips Electronics N.V. manufactures medical systems; domestic appliances; consumer electronics; and lighting. The Company produces imaging, ultrasound and healthcare informatics equipment; shaving and beauty and health and wellness products; displays, and peripherals; and lamps and luminaries.
Dow Loser of the day: Bank of America (NYSE:BAC): The dog of the Dow today. Shares are down around 2% at $10.92 per share. The company is the highest traded stock of the day with over 210 million shares trading hands relative to the daily average of 151 million shares. Another $1 billion plus lawsuit is haunting BAC’s Countrywide by way of MBIA. 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).
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