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TradingMarkets Mid-Day Movers

By John Patrick Lee | TradingMarkets.com
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TradingMarkets just released a proprietary stock rating method called PowerRatings. This method ranks stocks 1-10 and the higher the rating, the greater the one-week historical gain has been.

PowerRatings were created by Cesar Alvarez, Director of Research for Connors Capital, LLC. Cesar looked back at more than 5.5 million trades between Jan 1, 1995 and Dec 1, 2005. The results are based on the average 5-day performance.

To find out more about PowerRatings click here.


Major indexes up fractionally; sell-off ends as Ford announces positive earnings and oil prices ease off four-month highs. 

Crude futures down fractionally despite continuing tensions in oil-producing countries Iran and Nigeria.

US Supreme Court denied Research in Motion's (RIMM | Quote | Chart | News | PowerRating) appeal in a patent dispute with NTP Inc.  The decision, which could force RIMM to pull their BlackBerry products off the shelves, led to a 3% decline in RIMM's stock this morning.  RIMM's (PowerRating).

Ford (F | Quote | Chart | News | PowerRating) beat expectations and announced restructuring plans; F rose 7.5% on the news.  F's (PowerRating).

Nike (NKE | Quote | Chart | News | PowerRating) stock price fell as much as 3.2% after CEO William Perez resigns, citing conflicts with chairman and co-founder Philip Knight.  NKE's (PowerRating).

Stocks On The Move

Bank Of America (BAC | Quote | Chart | News | PowerRating) Q4 EPS Edges Down, Misses Consensus On Higher Provision Expense And Lower Trading Results (full story).

NIKE (NKE | Quote | Chart | News | PowerRating) CEO Resigns Over Differences Regarding Leadership; Names Mark Parker As CEO (full story).

Ford's (F | Quote | Chart | News | PowerRating) Q4 May Not Crash - Thanks To Financial Services Arm (full story).

Pilgrim's Pride (PPC | Quote | Chart | News | PowerRating) Q1 Profit Plummets 88.72% On Lower Price Realizations And Weaker Sales (full story).

Grocer Albertson's (ABS | Quote | Chart | News | PowerRating) Sells Itself To A Consortium For $17.4 Bln (full story).

For more stories as they happen, go to our Breaking News section.

Dow

+60.61

10728.00

NASDAQ

+6.70

2254.40

S&P 500

+5.64

1267.13

NYSE

NASDAQ

Volume

919,998,000

841,051,000

Advances

1988

1642

Declines

1105

1188

Up Volume

550

471

Down Volume

244

295

New Hi's

92

83

New Lo's

28

28

 

Strongest Sectors

Weakest Sectors

Disk Drive (DDX | Quote | Chart | News | PowerRating) Nasdaq Combined Transport (TRANX | Quote | Chart | News | PowerRating)
Securities Broker Dealer Index (XBD | Quote | Chart | News | PowerRating) Natural Gas (XNG | Quote | Chart | News | PowerRating)
Airline Index (XAL | Quote | Chart | News | PowerRating) Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating)

Economic News

US Dec. Index Of Leading Economic Indicators Increases 0.1%

John Patrick Lee
johnl@tradingmarkets.com

Get your stock's PowerRatings here.


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