The Dow Jones (NYSE:DIA) is rebounding since 11 am this morning to 12,574, the S&P 500 (NYSE:SPY) is flat again at 1,340 and the Nasdaq (NASDAQ:QQQ) is down 7 points at 2,815 on the 97th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Mosaic (NYSE:MOS): Shares are lower .38% to $66.06 per share as 30 plus million shares have traded hands today. On average, over 4 million shares trade hands. The company issued a secondary offering of common stock today comprised of 100 million shares at $65 per share. The Mosaic Company produces and distributes crop nutrients to the agricultural communities located in North America and other countries. The Company’s principal products include concentrated phosphates, and potash. Companies to Watch: AGCO Corporation (NYSE:AGCO), Caterpillar Inc. (NYSE:CAT), Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW), The Toro Company (NYSE:TTC), Lindsay Corporation (NYSE:LNN), Kubota Corporation (NYSE:KUB), CNH Global N.V. (NYSE:CNH), Bucyrus (NASDAQ:BUCY), Alamo Group, Inc. (NYSE:ALG), Cummins (NYSE:CMI), General Electric (NYSE:GE) and Manitowoc Company, Inc. (NYSE:MTW).
2) Barnes & Noble Inc. (NYSE:BKS): Shares are higher 30% to $18.36 per share today. Over 7 million shares have traded hands. Liberty Media (NASDAQ:LCAPA) offered to buy the major book retailer for $1.02 billion. Barnes & Noble, Inc. operates superstores and mall-based bookstores throughout the US. The Company operates book superstores under the names Barnes & Noble Booksellers, Bookstop, and Bookstar. Barnes & Noble also operates bookstores in shopping malls under the names B. Dalton Bookseller, Doubleday Book Shops, and Scribner’s Bookstore. Competitors to Watch: eBay Inc. (NASDAQ:EBAY), Overstock.com, Inc. (NASDAQ:OSTK), Wal-Mart Stores, Inc. (NYSE:WMT), Google Inc. (NASDAQ:GOOG), Costco Wholesale Corp. (NASDAQ:COST), Best Buy Co., Inc. (NYSE:BBY), OverStock.com (NASDAQ:OSTK), HSN (NASDAQ:HSNI), PC Mall, Inc. (NASDAQ:MALL), Target (NYSE:TGT) and Apple Inc. (NASDAQ:AAPL)
3) Brocade Communications Systems (NASDAQ:BRCD): Shares are higher 7% to $6.72 per share. Over 30 million shares have traded hands today. Brocade’s earnings report is putting a smile on shareholders’ faces today. Brocade Communications Systems, Inc. provides switching solutions for storage area networks (NYSE:SAN). The Company’s switching solutions utilize the fiber channel interconnect protocol. Brocade’s family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its SAN. Competitors to Watch: EMC Corporation (NYSE:EMC), Emulex Corporation (NYSE:ELX), NetApp Inc. (NASDAQ:NTAP), Hewlett-Packard Company (NYSE:HPQ), Cisco Systems, Inc. (NASDAQ:CSCO), Western Digital Corp. (NYSE:WDC), QLogic Corporation (NASDAQ:QLGC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), and Quantum Corporation (NYSE:QTM).
4) BP plc (NYSE:BP): Shares are higher over 2% to $44.93 per share today. Over 7 million shares have traded hands. BP plc is an oil and petrochemicals company. BP settled with Mitsui today with a $1.1 billion deal. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene. Competitors to Watch: Chevron Corporation (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), TOTAL S.A. (NYSE:TOT), Suncor Energy Inc. (NYSE:SU), Repsol YPF, S.A. (REPYY) and Petroleo Brasileiro SA (NYSE:PBR).