4 Stocks Moving Market Waves Higher June 28th

The Dow Jones (NYSE:DIA) closed up 145 points to 12,188, the S&P 500 (NYSE:SPY) closed up 16 points at 1,296 and the Nasdaq (NASDAQ:QQQ) closed higher 41 points to 2,729 on the 123rd trading day of 2011, as these stocks hit our radar:

1) General Motors (NYSE:GM): Shares of GM closed up .79% to $30.50 per share today. 12.61 million shares traded hands. Toyota issued a negative report today and auto investors stock switched over to General Motors’ shares. Moody’s even cut Toyota’s rating today as well. GM shares have not gone anywhere in 2011, yet are in need of a catalyst to generate shareholder growth once again. The negative hit on Toyota  this year could be the catalyst for now. General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide. Competitors to Watch: Ford Motor Company (NYSE:F), Toyota Motor Corp. (NYSE:TM), HONDA MOTOR CO., LTD. (NYSE:HMC), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM), Spartan Motors, Inc. (NASDAQ:SPAR).

2) Google (NASDAQ:GOOG): Shares closed up 2.25% to $493.65 per share today. 2.69 million shares traded hands relative to the 2.56 million daily average. Google unveiled Google+, its new social networking initiative to improve site time and compete with Facebook for a larger share of ad dollars. New CEO Larry Page is shifting corporate strategy to compete head-on with Facebook. Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Competitors to Watch: Apple (NASDAQ:AAPL), Yahoo (NASDAQ:YHOO), Microsoft (NASDAQ:MSFT), eBay (NASDAQ:EBAY), Amazon (NASDAQ:AMZN), Bidu (NASDAQ:BIDU), Oracle (NASDAQ:ORCL), Research in Motion (NASDAQ:RIMM), and AOL (NYSE:AOL).

3) Schlumberger Limited. (NYSE:SLB): Shares closed higher 4.6% to $84.35 per share today. 10.98 million shares traded hands. Investors were buying shares of SLB hand over fist today. Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys. Competitors to Watch: Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL), National-Oilwell (NYSE:NOV), Allis-Chalmers (NYSE:ALY), Chevron (NYSE:CVX), Exxon (NYSE:XOM), Conoco-Phillips (NYSE:COP), BP (NYSE:BP), and Weatherford International Ltd. (NYSE:WFT).

4) Insmed (NASDAQ:INSM): Shares closed up 5.8% to $12.47 per share. Over twice the daily average trading volume changed hands. The company’s shares were added to the Russell 3000 Index today. Expect to see more institutional money become aware of this hidden healthcare gem. The stock kicked off April at $6.71 per share, up 87% in almost 3 months. Is Merck (NYSE:MRK) still watching INSM as a potential acquisition target, or are other healthcare companies (i.e. Pfizer (PFE) Eli Lilly (NYSE:LLY) Johnson & Johnson (NYSE:JNJ)) now potentially watching this stock too? Insmed Incorporated is a biopharmaceutical company focused on the development of innovative inhaled pharmaceuticals for the site-specific treatment of serious lung diseases, and has a proprietary protein platform aimed at niche markets with unmet medical need. Insmed’s primary focus is on the development of inhaled antibiotic therapy delivered via proprietary advanced pulmonary liposome technology in areas of high unmet need in lung diseases.

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