Read Larry Connors' blog – Short Term Trading Strategies
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 close up fractionally; positive earnings report help to ease yesterday's losses.
Positive earnings from Pfizer and Merrill Lynch give investors reason to be happy; earnings fears and worries about Japan's sell-off are allayed momentarily.
Google was subpoenaed by US District Court in California to turn over a week's worth of Internet searches, in an effort by the government to crack down on child pornography.
Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) closed up over 11% after reporting positive earnings and rising demand for tech chips.
Disney (DIS | Quote | Chart | News | PowerRating) reportedly is in talks to buy Pixar (PIXR | Quote | Chart | News | PowerRating), a move that would make Apple CEO Steve Jobs Disney's largest shareholder.
Union Pacific (UNP | Quote | Chart | News | PowerRating) Q4 EPS Surges; Revenues Up 13% (full story).
Home Depot (HD | Quote | Chart | News | PowerRating) Targets 9% - 12% Annual Sales Growth Over Next 5 Years; Boosts Q4 Dividend By 50% (full story).
Pfizer (PFE | Quote | Chart | News | PowerRating) Q4 Profits Slip 3.3%, Yet Trumps Estimates; Revenues Drop 9% (full story).
Merrill Lynch (MER | Quote | Chart | News | PowerRating) Q4 EPS Surges 27% On 15% Top Line Growth, Hikes Quarterly Dividend By 25% (full story).
UnitedHealth (UNH | Quote | Chart | News | PowerRating) Q4 Earnings Rise On Top Line Growth, EPS, Excld. Costs, Beats Estimates; Lifts FY06 EPS Outlook (full story).
Harley-Davidson (HDI | Quote | Chart | News | PowerRating) Q4 Profit Rises On Strong Overseas Sales (full story).
For more stories as they happen, go to our Breaking News section.
|
Dow |
+25.85 |
10880.71 |
|
NASDAQ |
+22.17 |
2301.81 |
|
S&P 500 |
+7.11 |
1285.04 |
|
NYSE |
NASDAQ | |
|
Volume |
2,424,820,000 |
2,308,145,000 |
|
Advances |
2317 |
2095 |
|
Declines |
992 |
944 |
|
Up Volume |
1669 |
1573 |
|
Down Volume |
621 |
702 |
|
New Hi's |
226 |
212 |
|
New Lo's |
33 |
25 |
|
Strongest Sectors |
Weakest Sectors |
| Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating) | Kbw Bank Index (BKX | Quote | Chart | News | PowerRating) |
| Oil Service (OSX | Quote | Chart | News | PowerRating) | S&P Bank (BIX | Quote | Chart | News | PowerRating) |
| Gold and Silver (XAU | Quote | Chart | News | PowerRating) | S&P Insurance (IUX | Quote | Chart | News | PowerRating) |
Philly Fed Index Falls Unexpectedly In January (full story).
Jobless Claims Show An Unexpected Decrease (full story).
Housing Starts Show Notable Decline In December (full story).
Crude Oil Inventories Rise (full story).
John Patrick Lee
johnl@tradingmarkets.com
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