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Today's list of hot stocks to watch includes a tech giant hitting a new 52-week high, a penny stock up 20% on M&A news, and a bank stock soaring 40%.
Take a look at these 12 hot stocks to watch today, and why they're on the move.
12 Hot Stocks to Watch Today
Apple Inc. (Nasdaq: AAPL) shares rose more than 1% to $604.41 intraday, a new 52-week high. Shares of the iPhone maker closed up $8.38, or 1.4%, to $600.96 on Monday, the first time it has closed over $600 in about 18 months. APPL shares have been rising for weeks on the heels of a better-than-expected fiscal Q2 2014 report, announcement of a stock split and dividend boost, plus a successful bond offering. Since the robust earnings report on April 23, shares are up some 13%. Analysts remain bullish. The average rating among the 49 industry experts who cover the stock is "Outperform," according to S&P Capital IQ.
Anadarko Petroleum Corp. (NYSE: APC) shares climbed nearly 5% to a 52-week high of $104.84 intraday. Citigroup upgraded the Woodlands, Texas company to "Buy" from "Neutral" and raised its price target to $115 from $112.
Avago Tech. Ltd. (Nasdaq: AVGO) shares jumped nearly 5% to $68.08 in morning trading. The semiconductor company will be added to the S&P 500 Index after the market close on Wednesday, a day after it closes its acquisition of LSI Corp. (Nasdaq: LSI). AVGO replaces LSI in the broad-based benchmark.
Baxter International Inc. (NYSE: BAX) shares ticked up 0.30% to $74.73 after the company hiked its quarterly dividend 6% to $0.52 per share for an annual dividend rate of $2.08, or nearly 3%. The new rate maintains Baxter's dividend payout ratio of approximately 40%. Since 2008, the healthcare giant has more than doubled its dividend.
Dex Media Inc. (Nasdaq: DXM) shares surged nearly 25% to $9.51 after posting a much narrower year-over-year loss. One of the largest U.S. providers of social, local, and mobile marketing solutions, DXM reported a Q1 2014 loss of $4.74 a share, versus a loss of $5.84 in the same quarter a year ago. Revenue rose 58.3% million to $0.456 million, boosted by digital ad sales growth.