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 slide as New Year gains are lost; Dow, S&P and Nasdaq all down over 1.5%.
Dow has biggest one day point loss since March 2003; Nasdaq posts biggest loss since September 2003.
Missed earnings from GE and Citigroup, combined with a four-month high in crude prices, lead to heavy selling across all three of the major indices.
Supertex
(SUPX | Quote | Chart | News | PowerRating) closed down almost 30% after missing earnings by 9 cents. SUPX's (PowerRating).Ford (F | Quote | Chart | News | PowerRating) announced considerations to cut 25,000 jobs over next four years in a move to curb North American losses. F's (PowerRating).
Bankruptcy Court Approves United Airlines' (CAL | Quote | Chart | News | PowerRating) Reorganization Plan (full story).
Alltel Net (AT | Quote | Chart | News | PowerRating) Income Sees Double Digit Growth, But Earnings Miss (full story).
A.C. Moore Arts & Crafts (ACMR | Quote | Chart | News | PowerRating) Sees FY05 EPS Below Estimates; Guides FY06 (full story).
Citigroup (C | Quote | Chart | News | PowerRating) Q4 Profit Surges 30% On Gain From Sale Of Business; Boosts Quarterly Dividend By 11% (full story).
Albertson's (ABS | Quote | Chart | News | PowerRating) To Talk To Consortium On Buy Out (full story).
KeyCorp (KEY | Quote | Chart | News | PowerRating) Q4 EPS Up, Beats Estimates On Commercial Loan Growth, Higher Fee Income; Sees Q1 EPS Above Consensus (full story).
Genworth (GNW | Quote | Chart | News | PowerRating) Financial Q4 Operating EPS Rises, Tops Estimate; To Acquire Continental Life For $145 Mln (full story).
For more stories as they happen, go to our Breaking News section.
|
Dow |
-213.32 |
10667.39 |
|
NASDAQ |
-54.11 |
2247.70 |
|
S&P 500 |
-23.55 |
1261.49 |
|
NYSE |
NASDAQ | |
|
Volume |
2,819,295,000 |
2,348,118,000 |
|
Advances |
981 |
834 |
|
Declines |
2301 |
2222 |
|
Up Volume |
421 |
256 |
|
Down Volume |
2146 |
2068 |
|
New Hi's |
240 |
171 |
|
New Lo's |
43 |
35 |
|
Strongest Sectors |
Weakest Sectors |
| Oil Service (OSX | Quote | Chart | News | PowerRating) | Semiconductor (SOX | Quote | Chart | News | PowerRating) |
| Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) | GSTI Semiconductor (GSM | Quote | Chart | News | PowerRating) |
| Natural Gas (XNG | Quote | Chart | News | PowerRating) | Airline (XAL | Quote | Chart | News | PowerRating) |
Richmond Fed President Says Short Term Rates Should Not Be Expected To Remain Constant (full story).
John Patrick Lee
johnl@tradingmarkets.com