What’s Moving These Popular Shares on the Final Trading Day of May?
The Dow Jones (NYSE:DIA) is rising strongly higher today at 12,566, the S&P 500 (NYSE:SPY) is up at 1,344 and the Nasdaq (NASDAQ:QQQ) is climbing to 2,830 on the 103rd trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Apple Inc. (NASDAQ:AAPL): Shares are higher almost 3% today to $347.37 per share. Over 12 million shares have traded hands today. Investors seem to be liking the ‘Sell Nokia, Buy Apple’ trade on the negative sentiment arising out of Nokia analysts and the continued positive growth momentum of the iPhone, iPads, ipod, iMac, Macbooks, and everything else with the Apple brand on such a diversified product pipeline. 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).
2) Nokia Corporation (NYSE:NOK): Shares are lower 14.33% to $7.03 per share today. Over 150 million shares have traded hands. Today, the company’s outlook was reduced. Well, it doesn’t take a rocket scientist to seek Apple (NASDAQ:AAPL) iPhones as the everywhere ‘must have’ cool gadget. Nokia’s feeling the Apple heat right now and needs a must turnaround strategy before its too late. Nokia Corporation is a player in the mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks.
3) American International Group (NYSE:AIG): Shares are lower 1.52% to $28.45 per share today. Over 19.5 million shares have traded hands. AIG’s stock is the worst-performer among the S&P 500 group in 2011. The company still appears to carry a grey cloud over its building since the famed bailout of the 2008 heyday. American International Group, Inc. is a holding company which, through its subsidiaries provides a varied range of insurance and insurance-related activities in the United States and abroad. The Company’s main activities include both general insurance and life insurance & retirement services operations as well as financial services and asset management. Competitors to Watch: Hartford Financial Services (NYSE:HIG), HCC Insurance Hldgs., Inc. (NYSE:HCC), American Financial Group (NYSE:AFG), ACE Limited (NYSE:ACE), The Chubb Corporation (NYSE:CB), The Travelers Companies, Inc. (NYSE:TRV), White Mountains Insurance Group, Ltd. (NYSE:WTM), CNA Financial Corporation (NYSE:CNA), and Loews Corporation (NYSE:L)
4) Southern Copper Corporation (NYSE:SCCO): Shares are lower 6.39% to $34.14 per share today. Over 2.84 million shares have traded hands today. In which direction will the commodities markets move next? Southern Copper Corporation conducts mining operations in Peru and Mexico. The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.