4 Stocks Yielding Big Share Volume Momentum May 16th
The Dow Jones (NYSE:DIA) is treading higher 15 points today at 12,611, the S&P 500 (NYSE:SPY) is flat at 1,337 and the Nasdaq (NASDAQ:QQQ) is fading three quarters of a percent at 2,807 on the 93rd trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Amazon.com (NASDAQ:AMZN): Shares are lower 2.6% to $197.29 per share today. Over 2.5 million shares have already traded hands. Today’s Wall Street chatter revolves around rumors of an Amazon table potentially coming to market in the near future. Also, Netflix (NASDAQ:NFLX) inked a deal to stream the several hundred movies from Miramax catalogue of movies. Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers. Competitors to Watch: eBay Inc. (NASDAQ:EBAY), Overstock.com, Inc. (NASDAQ:OSTK), Wal-Mart Stores, Inc. (NYSE:WMT), Google Inc. (NASDAQ:GOOG), Barnes & Noble, Inc. (NYSE:BKS), Costco Wholesale Corp. (NASDAQ:COST), Best Buy Co., Inc. (NYSE:BBY), OverStock.com (NASDAQ:OSTK), HSN (NASDAQ:HSNI), Target (NYSE:TGT) and Apple Inc. (NASDAQ:AAPL).
2) Lowe’s Companies, Inc. (NYSE:LOW): Shares of the home retailer are down 2.25% to $25.18 per share. Over 17 million shares have traded hands today. The company’s hot streak of quarterly profit increases was snapped this quarter as investors sell shares. Lowe’s Companies, Inc. is a home improvement retailer that distributes building materials and supplies through stores in the United States. The Company offers a complete line of products and services for home decorating, maintenance, repair, remodeling, and property maintenance. Competitors to Watch: The Home Depot, Inc. (NYSE:HD), Builders FirstSource, Inc. (NASDAQ:BLDR), Lumber Liquidators Hldgs., Inc. (NYSE:LL), Tractor Supply Company (NASDAQ:TSCO), Hornbach-Baumarkt-AG (NYSE:HBM), PulteGroup (NYSE:PHM), Toll Brothers (NYSE:TOL), D.R. Horton (NYSE:DHI), KB Home (NYSE:KBH), Lennar Corp (NYSE:LEN), Beazer Homes (NYSE:BZH), Sherwin-Williams (NYSE:SHW), Sears Holdings (NASDAQ:SHLD), Target (NYSE:TGT) and Wal-Mart (NYSE:WMT).
3) NYSE Euronext (NYSE:NYX): Shares are lower 11% to $36.37 per share today. Over 11.8 million shares have traded hands. The Nasdaq (NASDAQ:NDAQ) dropped its bid for the NYSE due to an anti-trust allegation. The exchange has shifted gears in a bolder effort to set its eyes on the Deutsche Boerse. NYSE Euronext operates an international stock exchange. The Company operates a marketplace for equities and derivatives in Belgium, France, the Netherlands and Portugal, derivatives in the United Kingdom, and equities and other securities in the United States. Competitors to Watch: IntercontinentalExchange, Inc. (NYSE:ICE), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), CME Group Inc. (NASDAQ:CME), CBOE Holdings, Inc (NASDAQ:CBOE), Deutsche Boerse AG (DB1), MarketAxess Holdings Inc. (NASDAQ:MKTX), Forestar Group Inc. (NYSE:FOR), Knight Capital Group Inc. (NYSE:KCG), and London Stock Exchange Group Plc (NYSE:LSE).
4) Sirius XM Radio (NASDAQ:SIRI): Shares are lower 3.12% to $2.17 per share. Over 60 million shares have traded hands today. The media company announced it will not raise subscription prices for its streaming satellite radio service. Sirius XM Radio Inc. broadcasts various channels of audio from its satellites. The Company provides its services throughout the continental United States for a monthly subscription fee. Sirius delivers various streams of commercial-free music in every genre, as well as streams of news, sports, weather, talk, comedy, and public radio. Competitors to Watch: Westwood One, Inc. (NASDAQ:WWON), Entercom Communications Corp. (NYSE:ETM), Cumulus Media Inc. (NASDAQ:CMLS), Emmis Communications Corp. (NASDAQ:EMMS), Radio One, Inc. (NASDAQ:ROIAK), CBS Corporation (NYSE:CBS), Disney (NYSE:DIS) and Time Warner (NYSE:TWX).
On a bonus side note, keep an eye on IBM (NYSE:IBM). The company’s market cap is just shy of $207 billion and is making a run to topple Microsoft’s (NASDAQ:MSFT) market cap of $208.8 billion. If IBM tops Microsoft, then Microsoft slips into the 3rd position as largest tech company, after number one Apple (NASDAQ:AAPL) too.