3 Stocks Lifting Markets in Today’s Trading as S&P Hits 1,350
The Dow Jones (NYSE:DIA) is continuing higher to 12, 702, the S&P 500 (NYSE:SPY) is up at 1,350and the Nasdaq (NASDAQ:QQQ) is higher 32 points to 2,866 on the 128th trading day of 2011, as these stocks hit our radar:
1) Sprint Nextel (NYSE:S): Shares of Sprint are higher 3% to $5.68 per share today. Over 24 million shares have traded hands. This morning’s same-store sales growth metrics surpassed expectations, so investors are feeling friendlier about Sprint shares this afternoon. 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).
2) Target (NYSE:TGT): Shares are higher over 6% to $51.51 per share. Over 11.3 million shares have traded hands. Target sales were up 4.5% for the month of June, with sales totals for the period up 5.7% to $6.26 billion. Target Corporation operates general merchandise discount stores in the United States. The Company’s merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards. Competitors to Watch: Wal-Mart Stores, Inc. (NYSE:WMT), Costco Wholesale Corp. (NASDAQ:COST), Dollar Tree, Inc. (NASDAQ:DLTR), Dollar General Corp. (NYSE:DG), Gordmans Stores, Inc. (NASDAQ:GMAN), Wal-mart de Mexico S A B de C V (WMMVY), Family Dollar Stores, Inc. (NYSE:FDO), 99 Cents Only Stores (NYSE:NDN), Fred’s, Inc. (NASDAQ:FRED), and BJ’s Wholesale Club, Inc. (NYSE:BJ).
3) Cisco (NASDAQ:CSCO): Shares are higher over 1.5% to $15.80 per share. Over 15 million shares have traded hands today. Shares hit a 52-week low in June and since have rebounded and are heading back to the 50-day moving average at $16.22 per share. Cisco Systems, Inc. is a multinational corporation engaged in the design, manufacturing and sales of Internet Protocol-based consumer electronics, networking, and other services related to communications and information technology. Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Juniper Networks, Inc. (NYSE:JNPR), Alcatel-Lucent (NYSE:ALU), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Extreme Networks, Inc (NASDAQ:EXTR), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Motorola Mobility Hldgs. Inc (NYSE:MMI), NetGear, Inc. (NASDAQ:NTGR), and ADTRAN, Inc. (NASDAQ:ADTN)
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