Start the conversation
Or to contact Money Morning Customer Service, click here.
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.
Tags: best stocks 2014, best stocks to buy, best stocks to buy 2014, best stocks to buy now, best stocks to buy right now, best stocks to buy today, best stocks to invest in, best stocks today, Best Tech Stocks to buy Today, Hot Stocks, hot stocks 2014, hot stocks to watch, hot stocks today, stock to buy, Stocks to Buy, stocks to buy 2014, Stocks to Buy Now, stocks to buy today, stocks to invest in, stocks to watch, stocks to watch 2014, stocks to watch today, top stocks