3 Stocks Traded Hot on Wall Street July 12th
The Dow Jones (NYSE:DIA) closer lower at 12,466, the S&P 500 (NYSE:SPY) closed lower at 1,313 and the Nasdaq (NASDAQ:QQQ) closed down at 2,781 on the 132nd trading day of 2011, as these stocks hit our radar:
1) Cisco (NASDAQ:CSCO): Shares of Cisco Systems, Inc. closed higher 1.1% at $15.60 per share today. Over 87 million shares traded hands. The stock received a lift today on the rumors circulating of major job cuts at the company. The cuts would generate $1 billion savings. However, 10,000 less jobs does not help the jobs picture for the overall economic recovery. Cisco Systems, Inc. supplies data networking products for the Internet. The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world. 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).
2) Radiant Systems, Inc. (NASDAQ:RADS): Shares of Radiant Systems, Inc. closed higher over 30% to $27.99 per share today. Over 36.5 million shares traded hands. NCR is acquiring RADS for $1.2 billion, a double digit percentage premium to the recent share price. Radiant Systems, Inc. provides enterprise-wide technology solutions to the retail industry. The Company offers fully integrated retail automation solutions, including point of sale systems, consumer-activated ordering systems, back office management systems, and headquarters-based management systems. Radiant also offers system planning and design services.
3) Clean Energy Fuels Corp. (NASDAQ:CLNE): Shares of Clean Energy Fuels Corp closed higher 14.94% to $15.08 per share today. Over 7 million shares traded hands today. Chesapeake Energy is set to invest $150 million in over three years to develop 150 liquefied natural gas (NYSE:UNG) truck fueling stations, a positive catalyst for CLNE stock today.Clean Energy Fuels Corporation designs, builds, finances and operates natural gas filling stations for vehicle fleets. The Company also helps its customers acquire and finance natural gas vehicles and obtain local, state, and federal clean air rebates and incentives.