3 Stocks Generating Major Trading Interest May 23rd
The Dow Jones (NYSE:DIA) is selling off over 100 points today at 12,388, the S&P 500 (NYSE:SPY) is trading lower at 1,318 and the Nasdaq (NASDAQ:QQQ) is down at 2,763 on the 98th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) The Ford Motor Company (NYSE:F): Share are lower 1.4% to $14.79 per share. Over 38 million shares have traded hands today. The stock is remaining above it’s near-term price support of $14.62 per share from April 18th. The Camaro continues to give the Mustang sales heat in 2011, while Toyota’s supply chain is still plagued with the disaster recovery efforts. Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary. Competitors to Watch: General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), AutoZone (NYSE:AZO), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).
2) Cheniere Energy (AMEX:LNG): Shares are higher over 17% to $11.83 per share. Over 20 million shares have traded hands today. The company received approval from the U.S. Department of Energy to export liquified natural gas from its subsidiary in Louisiana. The policy prompted Citigroup to up its buy price on the stock to $15 per share. Cheniere Energy, Inc., through subsidiaries, develops liquefied natural gas terminals, and explores for oil and natural gas. The Company explores for oil and gas in the Gulf of Mexico. Competitors to Watch: Chevron Corporation (NYSE:CVX), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), TOTAL S.A. (NYSE:TOT), Suncor Energy Inc. (NYSE:SU), ExxonMobil (NYSE:XOM), Chesapeake Energy (NYSE:CHK) and Petroleo Brasileiro SA (NYSE:PBR).
3) Monsanto (NYSE:MON): Shares are up 1.75% to $67.49 per share. Over 5.5 million shares have traded hands today. Monsanto Company provides agricultural products for farmers. The sector is receiving a favorable boost today following Stifel Nicolaus upgrade form a hold to a buy on Mosaic (NYSE:MOS), a positive sign for the fertilizer industry. The Company’s business segments are seeds and genomics. Monsanto produces a wide range of seeds and develops biotechnology traits that assist farmers in controlling insects and weeds as well as provides other seed companies with genetic material and biotechnology traits for their seed brands. Competitors to Watch: The Dow Chemical Company (NYSE:DOW), FMC Corporation (NYSE:FMC), duPont (NYSE:DD), 3M Company (NYSE:MMM), Syngenta (NYSE:SYT), PPG Industries (NYSE:PPG), PolyOne Corporation (NYSE:POL), Rockwood Holdings (NYSE:ROC) and Ashland Inc. (NYSE:ASH).