Editor’s note: Related tickers: Intel Corporation (NASDAQ:INTC), Nokia Corporation (ADR) (NYSE:NOK), Sprint Nextel Corporation (NYSE:S), Cisco Systems, Inc. (NASDAQ:CSCO), Barrick Gold Corporation (USA) (NYSE:ABX)
Following the market is interesting but it also a bit hard since there are several thousands of companies listed. However, one way that could make the job easier is tracking the leaders, and the best choice are the volume leaders, since their higher turnover usually show a high level of popularity and coverage of these stocks. Among volume leaders on Monday are: Intel Corporation (NASDAQ:INTC), Nokia Corporation (ADR) (NYSE:NOK), Sprint Nextel Corporation (NYSE:S), Cisco Systems, Inc. (NASDAQ:CSCO), and Barrick Gold Corporation (USA) (NYSE:ABX).
Intel Corporation (NASDAQ:INTC) grew by 1.69% to $22.82 in deals worth slightly above $35 million. Intel Corporation (NASDAQ:INTC) has recently reported its financial results, which revealed a 25% fall over the year in terms of profits. However, retiring CEO Paul Otellini said “The company’s core architectural and manufacturing strength have never been more valuable.”
Nokia Corporation (ADR) (NYSE:NOK) is the next on the list with deals worth $34.3 million. The stock has advanced by 3.75% to $3.19. On Wednesday Nokia Corporation (ADR) (NYSE:NOK) is revealing a new Nokia phone handset, according to a post on one of its blogs. There are some debates going on, discussing whether the new product will be a qwerty-based Lumia or more of a feature phone like the Asha line, but with a Lumia color scheme.
Sprint Nextel Corporation (NYSE:S) edged down by 0.56% to $7.13 in deals worth $24.5 million. Today, the company announced in a press release that the Board of Directors of Sprint Nextel Corporation (NYSE:S) has created a Special Committee of independent directors who will revise and evalute the acquisition proposal from DISH Network Corp. (NASDAQ:DISH). The members of the Committee are: Larry C. Glasscock, James H. Hance, Jr., V. Janet Hill, William R. Nuti, and Rodney O’Neal. DISH Network Corp. (NASDAQ:DISH) has offered to purchase Sprint Nextel Corporation (NYSE:S) under a deal worth over $25 billion.
Cisco Systems, Inc. (NASDAQ:CSCO) inched up by 0.20% to $20.50 in turnover worth $22.6 million. Equities researches at Sterne Agee have reaffirmed the “buy” rating of Cisco Systems, Inc. (NASDAQ:CSCO), Daily Political said quoting AnalystRatings.Net. The current target price on Cisco Systems, Inc. (NASDAQ:CSCO) is set by Sterne Agee at $26.00.
With a turnover of almost $18.4 million, Barrick Gold Corporation (USA) (NYSE:ABX) is closing our list. The share price of Barrick Gold Corporation (USA) (NYSE:ABX) fell by 1.16% to $17.96. The gold market is suffering some declines this year, which is reflected in Barrick Gold Corporation (USA) (NYSE:ABX)’s stock. Even though, aside gold, Barrick Gold Corporation (USA) (NYSE:ABX) is also involved in copper mining, almost 87% of its 2012 revenues came from gold, which can be a reason to worry, taking into account the overall state of the gold market.
Disclosure: none
