The stock market continues to look sluggish in morning trading today as the Dow is up 34 points, the Nasdaq is down 7 points and the S&P is down 0.5 point. The main reason behind this market action today is Standard & Poor’s putting much of the euro zone under credit watch downgrade. The ratings agency also put the EFSF on credit watch downgrade.
Let’s take a look at some big board stocks that are ignoring the sluggish market and are heading up.
Vulcan Materials Company (NYSE:VMC) is up 4.34% at $34.37 this morning. VMC has traded 2.3 million shares so far today, already above its daily average volume of 1.7 million shares. Over the past five trading sessions, VMC has seen a gain of $4 a share. Vulcan Materials has a market cap of 4.47 billion.
LinkedIn Corporation (NYSE:LNKD) is up 3.90% this morning at $72.68. LNKD has traded 1.4 million shares so far today and trades 1.2 million shares a day on average. LinkedIn is up today after J.P. Morgan upgraded the stock to overweight. LNKD is up more than $10 a share over the past week. The company has a current market cap of 7.12 billion.
Assured Guaranty Ltd. (NYSE:AGO) is up 3.52% this morning at $12.66. AGO has traded 1.6 million shares already today and should pass its daily average volume of 2.3 million shares. AGO stock is up $2.50 over the past week as some analysts think the stock will go higher. Assured Guaranty has a market cap of 2.31 billion.
General Electric Company (NYSE:GE) is up 2.05% today at $16.67. GE has traded 23.6 million shares so far today and trades 70.8 million shares a day on average. GE has risen about $1 a share since last Wednesday. General Electric has a market cap of 176.31 billion.
Intel Corporation (NASDAQ:INTC) is up 1.08% this morning at $25.28. INTC has traded 17.4 million shares so far today and averages 63.2 million shares a day. INTC is trading near its 52-week high of $25.49 today. INTC stock has jumped nearly $1 a share in the past five trading sessions. Intel Corporation has a market cap of 129.03 billion.
Eli Lilly & Co. (NYSE:LLY) is up 3.74% at $38.81 so far today. LLY has traded 7.3 million shares this morning, about a million shares short of its daily average for a full day. LLY is up close to $2 a share since last Wednesday. The company has a current market cap of 43.25 billion.