What’s Moving These Shares Today?

With the Dow Jones (NYSE:DIA), S&P 500 (NYSE:SPY) and Nasdaq (NASDAQ:QQQQ) all up over 1% on the first trading day of 2011, here is a group of stocks making moves on our radar and the reasons why:

1) NVIDIA Inc (NASDAQ:NVDA): The stock is breaking out to 6-month highs as there is chatter on the street about a potential leveraged buyout for the company’s shares. The stock is trading at $15.87 per share.

2) Salesforce.com (NYSE:CRM): Shares hit $138 per share today on a pop to the upside this morning. CRM beat the indexes in 2010. Can it outperform the markets again in 2011?

3) Amazon.com (NASDAQ:AMZN): We heard from consumers that server storage was overloaded for the Nook (NYSE:BKS). The overload caused in-store visits and questions and questions about books downloading slower. Competitive advantage over the holidays could be favoring The Kindle early-on. Morgan Stanley raised their 2011 estimates for Amazon too.

4) IMAX Corp. (NASDAQ:IMAX): The company’s global gross box office reached a record $546 million in 2010, more than doubling the Company’s previous global box office record of $270 million achieved in 2009. The stock continues to be in play to the upside today.

5) Pfizer Inc. (NYSE:PFE): The Japanese government imposed a tax increase on cigarettes, directly impacting Pfizer’s drug Chantix. Chantix helps smokers trying to quit. With shares lagging the broader market today, investors seem confident the tax increase might just do a better job at curbing smoking in Japan.

6) Sprint (NYSE:S): Shares are up over 5% today after FBR Capital Markets said it expects the company to issue growth in valuable monthly contract customers for the 4th quarter. Growth has not been associated with Sprint in a very long time. Investors continuing to push shares higher with optimism as the day evolves.

7) Alcoa Inc. (NYSE:AA): Deutsche Bank analyst Jorge Beristain upgraded Alcoa to “Buy” from “Hold,” and raised the target for the company’s shares to $22 from $14.

8) Microsoft (NASDAQ:MSFT): The company’s famed email service, Hotmail, was experiencing major problems over the weekend as many users complained to the company. This afternoon, we received word the glitch as been corrected. Hopefully, investors can return to focusing on the Kinect, the new handset-free gaming experience.

9) Oracle (NASDAQ:ORCL): Ellison and Hurd are a deadly combination of strong executive power as shares now trade at $31.65 per share. Investors are still soaking up 2010’s incredible numbers…

10) Ford Motor Co. (NYSE:F): The iconic American car company’s shares hit a 52-week high of $17.31 per share today.