TradingMarkets Mid-Day Movers
The major averages have begun the
week virtually unchanged from Friday’s close. With the markets
overbought on a short-term basis stocks are basically consolidating gains since
the October lows. Earnings and M&A news before the open failed to inspire much
activity outside of the stocks reporting news.
In M&A news; Georgia-Pacific
(
GP |
Quote |
Chart |
News |
PowerRating) and Koch Industries
announced that they have reached a definitive agreement for Koch Forest Products
to make a $48 per share cash tender offer for all shares of Georgia-Pacific (full
story).
Meanwhile Host Marriott
(
HMT |
Quote |
Chart |
News |
PowerRating) agreed to purchase 38 luxury
and upper upscale hotels from Starwood Hotels and Resorts
(
HOT |
Quote |
Chart |
News |
PowerRating) for about
$4.04 billion (full
story).
In earnings; Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) reported Q3 net income of $0.57 per share compared to $0.54 per share a
year-ago (more).Â
Lowe’s Companies
(
LOW |
Quote |
Chart |
News |
PowerRating) reported a 25.8% rise in third quarter profit on
16.9% top line growth, fuelled by strong sales across all product categories (more).
For more stories as they happen go to our
Breaking
News section.
Treasuries are trading lower, the US Dollar Index is higher
and Energy prices are mixed.
Stocks On The Move
Georgia Pacific
(
GP |
Quote |
Chart |
News |
PowerRating) is trading at a new 52-week high on
today’s news. Enterasys
(
ETS |
Quote |
Chart |
News |
PowerRating) also jumped to a new high on an agreement to
be taken private. Ameritrade
(
AMTD |
Quote |
Chart |
News |
PowerRating) is adding to Friday’s gains, extending
its high. Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) is also trading at a new high.
EchoStar
(
DISH |
Quote |
Chart |
News |
PowerRating) is adding to a downtrend that began in
mid-September, extending its 52-week low. Competitor DIRECTV
(
DTV |
Quote |
Chart |
News |
PowerRating) is also
moving to a fresh low. Education Realty Trust
(
EDR |
Quote |
Chart |
News |
PowerRating) has broken to a new low
on quarterly results.
| Dow |
+3.99 | 10,690.03 |
| NASDAQ |
-1.50 | 2200.97 |
| S&P 500 |
-0.92 | 1233.80 |
| NYSE | NASDAQ | |
| Volume |
947,976,000 | 686,164,000 |
| Advances |
1156 | 1191 |
| Declines |
2014 | 1657 |
| Up Volume |
392 | 316 |
| Down Volume |
462 | 304 |
| New Hi’s |
101 | 129 |
| New Lo’s |
106 | 37 |
|
|
Weakest Sectors |
| Oil Service ( OSX | Quote | Chart | News | PowerRating) |
Airline ( XAL | Quote | Chart | News | PowerRating) |
| Oil ( XOI | Quote | Chart | News | PowerRating) |
Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
| Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
Ashton Dorkins