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 for the day; positive earnings from United Tech and McDonald's boost investor confidence.
Gold traded below recent multi-year highs, as prices were kept down by a rebound in the dollar.
Oil traded down for the day on warm weather forecasts and hopes that Wednesday's weekly supply data will show an increased inventory.
McDonald's (MCD | Quote | Chart | News | PowerRating) reported in-line earnings and announced a $1 billion stock buy-back. MCD's stock rose 1.5% in morning trading and closed up fractionally for the day. MCD's (PowerRating).
Johnson&Johnson (JNJ | Quote | Chart | News | PowerRating) beat earnings but reported a quarterly loss in sales. JNJ closed down 2.5%. JNJ's (PowerRating).
CBS (CBS | Quote | Chart | News | PowerRating), Warner Bros. Plan To Form New Network (full story).
ImClone (IMCL | Quote | Chart | News | PowerRating) Swings To Q4 Profit From Year-ago Loss In The Absence Of Litigation Expenses; Hires Lazard To Review Strategic Alternatives (full story).
Johnson & Johnson's (JNJ | Quote | Chart | News | PowerRating) Q4 May Pick Up Pace (full story).
DaimlerChrysler (DCX | Quote | Chart | News | PowerRating) To Cut 20% G&A Jobs To Tighten Its Purse Strings (full story).
Lucent (LU | Quote | Chart | News | PowerRating) Q1 Slumps To Loss On Lower Sales (full story).
Health Management Associates (HMA | Quote | Chart | News | PowerRating) Q1 Profit Slips On Costs; Updates FY06 EPS Target (full story).
Northrop Grumman (NOC | Quote | Chart | News | PowerRating) Q4 Profit Rises 22% On Segment Growth; Lifts FY06 EPS Target, Yet Cuts Revenue Outlook (full story).
For more stories as they happen, go to our Breaking News section.
|
Dow |
+23.45 |
10712.22 |
|
NASDAQ |
+16.78 |
2265.25 |
|
S&P 500 |
+3.02 |
1266.84 |
|
NYSE |
NASDAQ | |
|
Volume |
2,525,416,000 |
2,066,547,000 |
|
Advances |
2219 |
1944 |
|
Declines |
1067 |
1058 |
|
Up Volume |
1487 |
1147 |
|
Down Volume |
794 |
697 |
|
New Hi's |
242 |
188 |
|
New Lo's |
28 |
24 |
|
Strongest Sectors |
Weakest Sectors |
| Airline Index (XAL | Quote | Chart | News | PowerRating) | Pharmaceutical (DRG | Quote | Chart | News | PowerRating) |
| Nasdaq Combined Transport (TRANX | Quote | Chart | News | PowerRating) | Networking Index (NWX | Quote | Chart | News | PowerRating) |
| GSTI Internet (GIN | Quote | Chart | News | PowerRating) | Oil Service (OSX | Quote | Chart | News | PowerRating) |
No major economic news to report at this time.
John Patrick Lee
johnl@tradingmarkets.com