Stocks Finish The Week Strong

  • May 25, 2007
  • Darren Wong

The major indices moved higher in Friday’s session. 
Investors reacted positively to a weaker than expected existing
home sales in hopes that it will bring a FED rate cut later this
year. The existing home sales report slid to a 4-year low in
April. 

June crude futures added 1.6% to close
at $65.20 per barrel. 
June gold futures rose 0.3% to $655.20 an ounce.

Around Europe, Germany’s DAX Index
added 0.5% to finish at 7,739.20, Britain’s FTSE 100 made
fractional gains closing at 6,570.50, and France’s CAC 40 Index
rose 0.15% to 6,057.49.

Today’s

PowerRatings Heat Map still looks overall bearish, but a few sectors such as
metals and mining are starting to show some stocks with high
PowerRatings.  It will be interesting to see how this bearish
theme plays out next week. 



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 


Stocks in
Motion

Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) To Acquire Vitaminwater Maker Glaceau
For $4.1 Bln In Cash (full
story).  KO shares rose by 1.3%.

Gap
(
GPS |
Quote |
Chart |
News |
PowerRating)
Q1 Profit Declines; Backs Full Year Outlook (full
story). GPS shares added 0.6%.

Aruba Networks
(
ARUN |
Quote |
Chart |
News |
PowerRating) Q3 Loss Widens On
Non-operating Expenses; Revenues Surge 65% (full
story).  ARUN shares jumped 17%.

Aeropostale
(
ARO |
Quote |
Chart |
News |
PowerRating) Q1 Profit Surges 73%; Revenues Up 12%; Same-store Sales Rise 2.5%;
Sees Q2 EPS Above Consensus (full
story).  ARO shares lost 1.2%.

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

Market Snapshot

Dow

 +66.15 13,507.28

NASDAQ

 +19.27 2,557.19

S&P 500

 +8.22 1,515.73

 

 NYSE NASDAQ

Volume

 2,050,996,000 1,478,974,000

Advances

 2220 1955

Declines

 990 1056

Up Volume

 1395 1003

Down Volume

 493 345

New Highs

 78 86

New Lows

 31 67


   



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
CBOE Oil Index (OIX) Morgan Stanley Healthcare Products Index (RXP)
GSTI Software Index (GSO) Amex Airline Index (XAL)
Deutsche Bank Energy Bank Sector Index (DXE) Amex Securities Broker/Dealer Index (XBD)


Economic
News

Existing Home Sales
5.99 mln vs 6.13 mln consensus; m/m -2.6%, prior -8.4%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com