The Dow Jones (NYSE:DIA) is erasing yesterday’s gains with a loss of 133 points today at the end of the 6th straight losing week at 11,990, , the S&P 500 (NYSE:SPY) is down 14 points at 1,274 and the Nasdaq (NASDAQ:QQQ) is lower 29 points to 2,655 on the 111th trading day of 2011, as these stocks hit our radar:
1) Bank of America (NYSE:BAC): Shares are trading lower 1.5% to $10.49 per share. Over 65 million shares have traded hands. The stock hit another 52-week low today at $10.41 per share. The Fed is expanding its stress test campaign on banks while the U.S. Treasury is enforcing penalties on BAC for its mortgage services. Big banks like BAC may need Fed approval in order to increase dividends in the future. 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).
2) The Travelers Companies, Inc. (NYSE:TRV): Shares are down 3% to $59.25 per share today. Over 3 million shares have traded hands. TRV is the worst Dow performer of the day. The company is reducing its share repurchase program due to the unexpected cost increase attributable to more catastrophic storm and tornado damage in April and May. The cost hit to TRV is around $1 billion. The Travelers Companies, Inc. provides commercial property casualty insurance and asset management services to businesses, government units, associations and individuals. The Company underwrites homeowners and auto insurance through independent agents. Competitors to Watch: American Financial Group (NYSE:AFG), American International Group (NYSE:AIG), MetLife (NYSE:MET), RLI Corp (NYSE:RLI), White Mountain (NYSE:WTM), The Chubb Corp (NYSE:CB), AllState (NYSE:ALL), CNA Financial (NYSE:CNA), W.R. Berkeley (NYSE:WRB), Markel Corp (NYSE:MKL), HCC Insurance Holdings (NYSE:HCC), XL Group (NYSE:XL), Tower Group (NASDAQ:TWGP) Hartford Financial Services Group Inc. (NYSE:HIG) and W.R. Berkley Corporation (NYSE:WRB).
3) Apple Inc (NASDAQ:AAPL): Shares are lower over 1% today to $327.63 per share. Over 8.5 million shares have traded hands. Hewlett-Packard (NYSE:HPQ) is slated to begin the distribution of its touchscreen tablet on July 1st. Will the iPad begin facing the pressure, or is Apple far out in the lead with first mover advantage? 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. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. 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).