4 Stocks Steaming With Trade Volume May 24th

The Dow Jones (NYSE:DIA) is down 10 points at 12,370, the S&P 500 (NYSE:SPY) is flat at 1,317 and the Nasdaq (NASDAQ:QQQ) is down 8 points at 2,750 on the 99th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:

1) Sprint Nextel Corporation (NYSE:S): Shares are higher 3.95% to $5.79 per share today. Over 51 million shares, the daily trading average, have already changed hands. Leap Wireless is expressing opposition to the AT&T/T-Mobile deal. Meanwhile, Sprint is aggressively marketing to attract potential customers who are sitting on the fence with the merger. 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), MetroPCS Communications, Inc. (NYSE:PCS), Leap Wireless Intl., Inc. (NASDAQ:LEAP) and United States Cellular Corp. (NYSE:USM).

2) iShares Silver Trust (NYSE:SLV): Shares are up 3.12% to $35.34 per share today. Over 23 million shares have traded hands today. The stock appears to have broken out of its $34-$34.50 range for the first time in 5 trading days today. Precious metals look to be a safe haven during financial market volatility and European contagion. iShares Silver Trust is a trust formed to invest in silver. The assets of the trust consist primarily of silver held by the custodian on behalf of the trust. The objective of the trust is for the shares to reflect the price of silver owned by the trust, less the trust’s expenses and liabilities. Also take a look at iShares Gold Trust (NYSE:GLD) today.

3) El Paso Corporation (NYSE:EP): Shares are up 7.11% to $20.33 per share today. Over 31 million shares have traded hands today, almost 3 times the daily average. The stock hit a new 52-week high at $21.40 per share. The company announced it will split into two. Spin offs of divisions always bode well for shareholders as they unlock the real value of the company in pieces. El Paso Corporation operates natural gas pipeline and storage facilities, transports natural gas, and imports liquefied natural gas. El Paso also explores for and produces natural gas (NYSE:UNG). The Company has operations in the United States, Brazil, and Egypt. Competitors to Watch: Gastar Exploration Ltd. (AMEX:GST), Anadarko Petroleum Corp. (NYSE:APC), Devon Energy Corporation (NYSE:DVN), Bronco Drilling Co., Inc. (NASDAQ:BRNC), EOG Resources, Inc. (NYSE:EOG), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Chesapeake (NYSE:CHK) and Apache Corporation (NYSE:APA).

4) Medtronic, Inc. (NYSE:MDT): Shares are down 1.65% to $40.56 per share today. Over 8.4 million shares have traded hands. The company released its latest quarterly report and investors are taking profits on the news. Medtronic, Inc. develops therapeutic and diagnostic medical products. The Company’s principal products include those for bradycardia pacing, tachyarrhythmia management, atrial fibrillation management, heart failure management, heart valve replacement, malignant and non-malignant pain, and movement disorders. Medtronic’s products are sold worldwide. Competitors to Watch: Boston Scientific Corp. (NYSE:BSX), St. Jude Medical, Inc. (NYSE:STJ), Edwards Lifesciences Corp (NYSE:EW), Johnson & Johnson (NYSE:JNJ), ZOLL Medical Corporation (NASDAQ:ZOLL), Abbott Laboratories (NYSE:ABT), Stryker Corporation (NYSE:SYK), Integra LifeSciences Hldgs. Corp. (NASDAQ:IART) and Intuitive Surgical (NASDAQ:ISRG).

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