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Thursday, November 4, 2010

Market Movers of the Day: AAPL, BAC, BHP, F, PPO, VZ

Apple Inc. (NASDAQ: AAPL) was up over $5 today or 1.75%, hitting a new 52-week high of $320.18.

Bank of America Corporation (NYSE: BAC) soared 5.30% on news from the Wall Street Journal that stated the fed may let healthy banks once again increase their dividends. The bank has been beaten heavily by short sellers recently. The stock is down a whopping 30% in the last 6 months.

BHP Billiton (NYSE: BHP) was up almost 6% hitting a new 52-week high. The company had been trying to buy Canadian fertilizer firm, Potash Corporation (NYSE: POT). However the Canadian government stepped in, announcing that it would block the bid from the foreign company.

Ford Motor Company (NYSE: F) jumped 4.48% to $15.86 per share. News that General Motors will soon IPO averted more interest to Ford instead.

Polypore International (NYSE: PPO), a company that specializes in filtration processes, was one of the top losers today after it reported so-so earnings. The stock traded approximately 10% lower.

Verizon Communications Inc. (NYSE: VZ) rallied 1.61% today. The company recently awarded a contract to Alcatel (NYSE: ALU) for expanding its 3G and 4G networks. Alcatel was down almost 9% after the company reported earnings that did not impress investors.

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