Dow Rallies to New All-Time High

  • April 25, 2007
  • Darren Wong

The Dow surged 135 points to close above the
historic 13,000 mark today.  Blue chip leaders today included
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) and IBM
(
IBM |
Quote |
Chart |
News |
PowerRating) with gains of 5% and 3%
respectively. 

June crude futures rose 1.9% to
$65.81 a barrel, after EIA data showed that U.S. gasoline
inventories fell to the lowest levels in 18 months. 
June gold futures were fractionally lower to $687.30 an ounce.

The major European indices finished
with nice gains across the board.  France’s CAC 40 Index and
Germany’s DAX both added 1%.  Britain’s FTSE 100 Index rose
0.5%.

Today’s
PowerRatings
Heat
Map
continues to show slight weakness in several sectors- Energy,
Electronics, Transportation, and Computer Hardware.  The Drug sector
continues to show divergence, which
continues to show a divergence between high PowerRatings stocks
and low PowerRatings stocks.  This gives traders an
opportunity to trade this sector to the long side and to the short
side. 

Click here for a free trial to our PowerRatings Heat Maps.


Stocks in
Motion

ConocoPhillips
(
COP |
Quote |
Chart |
News |
PowerRating) Q1 Profit Up 7.7%, EPS Falls 9.4%
Yet Tops Consensus, Revenue Down 12%; Expects Q2 Production In E&P Unit To Be
Lower (full story).  COP shares rose 1%.


Anheuser-Busch
(
BUD |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises On Higher Domestic Beer Prices,
Fewer Discounts; EPS Misses View (full
story).  BUD shares lost 2.3%.

Baker Hughes
(
BHI |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises 10.5%; EPS From
Cont. Ops. Climbs 26%, Tops Street View; Revenue Up 20% (full
story).  BHI shares jumped 6.5%.

Colgate-Palmolive
(
CL |
Quote |
Chart |
News |
PowerRating) Q1 Profit Jumps 50% On Gains,
Revenue Growth, Matches Estimate (full
story).  CL shares fell 0.4%.

Black & Decker
(
BDK |
Quote |
Chart |
News |
PowerRating) Q1 Profit Falls; EPS Rises On
Lower Share Count; Ups 2007 Outlook; Declares Dividend (full
story).  BDK shares added 3%.

Amazon
(
AMZN |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Surge, Top Estimates;
Boosts FY07 Sales Forecast (full
story).  AMZN shares soared 27%.

Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) Net Income Rises 23%; Affirms 2007 and
2008 Outlook (full
story).  BA shares added 0.3%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Dow

 +135.95 13,089.89

NASDAQ

 +23.35 2,547.89

S&P 500

 +15.01 1,495.42

 

 NYSE NASDAQ

Volume

 3,117,825,000 2,631,791,000

Advances

 2259 1816

Declines

 987 1266

Up Volume

 2391 1557

Down Volume

 507 965

New Highs

 395 201

New Lows

 16 51



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
CBOE Internet Index (INX) Computer Hardware Index (HWI)
Nasdaq Transportation Index (TRANX) Morgan Stanley Healthcare Providers Index (RXH)
GSTI Internet Index (GIN) Morgan Stanley Healthcare Payors Index (HMO)


Economic
News

Fed’s Beige Book
says most districts saw only ‘modest or moderate’ economic expansion

EIA
reports a build of 2 million barrels of crude this week

New Homes Sales 858K vs 890K consensus, m/m change is
+2.6%

Durable Good Orders +3.4% vs +2.5% consensus, prior month
revised to +2.4%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com