Markets Hold On to New Year Gains
TradingMarkets just released a proprietary stock rating
method called href=”https://tradingmarkets.com.site/powerratings”>color=#ff0000>Powercolor=#ff0000>R
ranks stocks 1-10 and the higher the rating, the greater the one-week historical
gain has been.
href=”https://tradingmarkets.com.site/powerratings”>color=#ff0000>Powercolor=#ff0000>Ratings 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 style=”TEXT-DECORATION: none”
href=”https://tradingmarkets.com.site/powerratings”>color=#ff0000>Powercolor=#ff0000>Ratings href=”https://tradingmarkets.com.site/stocks/commentary/lftw/12132005-47902.cfm”>click
here.
Major indices all close in the green. S&P up
4.49 at 1294.18, Dow up 31.86 at 11043.44 and Nasdaq up 11.04 at 2331.36.
The Dow rebounded today after Dupont lowered fourth
quarter estimates; market reacts strongly in opposition to poor earnings from DD
and AA.
The financial industry awarded $21.5 billion in
bonuses at the end of 2005. The average bonus was $125,000; this was the
highest bonus pool since 2000.
EIA reports that US crude supplies declined more than
expected; oil closed up almost 1% at 63.88 a barrel.
F5 Networks
(
FFIV |
Quote |
Chart |
News |
PowerRating)
was Power Ranked 1, the lowest possible rating, on January 9. Today FFIV
opened down 6% and closed down almost 9%.
Dupont
(
DD |
Quote |
Chart |
News |
PowerRating)
lowered fourth quarter earnings estimates, citing hurricanes, power disruptions,
and unexpected overseas problems as the major forces behind the slip. DD
is trading down over 3%. DD’s face=Arial color=#000000 size=2>
(color=#ff0000>P
Johnson&Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating)
is rumored to raise bid for Guidant
(
GDT |
Quote |
Chart |
News |
PowerRating).Â
GDT currently favors Boston Scientific’s
(
BSX |
Quote |
Chart |
News |
PowerRating)
bid, which was higher than JNJ’s original offer. JNJ’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating). GDT’s
(color=#ff0000>Powercolor=#ff0000>Rating). BSX’s
(color=#ff0000>Powercolor=#ff0000>Rating).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
BP
(
BP |
Quote |
Chart |
News |
PowerRating) Q4 Oil
Production Declines On Hurricanes, Sees $1.3 Bln Charges For Non-operating
Items. BP’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).
Compuware
(
CPWR |
Quote |
Chart |
News |
PowerRating)
Q3 Outlook Falls Below Wall Street Expectations. CPWR’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).
Infosys
Â
(
INFY |
Quote |
Chart |
News |
PowerRating) Q3 Earnings Per ADS Misses Consensus By A Penny,
Revenues Rise 32.2%; Sees Q4 Earnings In Line Or Below Estimate. INFY’S face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).
M&T
(
MTB |
Quote |
Chart |
News |
PowerRating) Bank
Q4 Profit Rises 7% On Improved Credit Quality Ad Cost Controls MTB’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).
OSI Pharmaceuticals
(
OSIP |
Quote |
Chart |
News |
PowerRating) Q4 Tarceva Sales Up 15%. OSIP’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).
Regis
(
RGS |
Quote |
Chart |
News |
PowerRating) Q2
Comp. Up 1.2%; Consolidate Revenues Rise 13% But Misses Consensus. RGS’s face=Arial color=#000000 size=2>
(color=#ff0000>Powercolor=#ff0000>Rating).
Â
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
width=”26%” height=14>
Dow
align=middle width=”41%” height=14>
+31.86
align=middle width=”48%” height=14>
11,043.44
width=”26%” height=16>
NASDAQ
align=middle width=”41%” height=16>
+11.04
align=middle width=”48%” height=16>
2,331.36
width=”26%” height=16>
S&P 500
align=middle width=”41%” height=16>
+4.49
align=middle width=”48%” height=16>
1,294.18
width=”26%” height=16>
align=middle width=”41%” height=16>
size=2>NYSE
align=middle width=”48%” height=16>
size=2>NASDAQ
width=”26%” height=14>
Volume
align=middle width=”41%” height=14>
2,346,796,000
align=middle width=”48%” height=14>
2,378,701,000
width=”26%” height=16>
Advances
align=middle width=”41%” height=16>
1820
align=middle width=”48%” height=16>
1499
width=”26%” height=16>
Declines
align=middle width=”41%” height=16>
1476
align=middle width=”48%” height=16>
1517
width=”26%” height=16>
Up Volume
align=middle width=”41%” height=16>
1276
align=middle width=”48%” height=16>
1489
width=”26%” height=16>
Down Volume
align=middle width=”41%” height=16>
896
align=middle width=”48%” height=16>
776
width=”26%” height=16>
New Hi’s
align=middle width=”41%” height=16>
294
align=middle width=”48%” height=16>
214
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
39
align=middle width=”48%” height=16>
24
Strongest
Sectors
Weakest
Sectors
(
XBD |
Quote |
Chart |
News |
PowerRating)
(
ECM |
Quote |
Chart |
News |
PowerRating)
(
TXX |
Quote |
Chart |
News |
PowerRating)
(
DOT |
Quote |
Chart |
News |
PowerRating)
(
XTC |
Quote |
Chart |
News |
PowerRating)
(
UTY |
Quote |
Chart |
News |
PowerRating)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Oil Inventories Drop; Gasoline And
Distillate Inventories Rise (full
story).
NY Fed President Geithner said that the
deficit could affect growth, core inflation has been quite moderate, and it is
hard to know what the inverted yield curve means for Fed policy.
Helvetica>
John Patrick Lee
johnl@tradingmarkets.com
face=Arial color=#000000 size=2>