Stocks Open Higher; Initial Claims Fall and Productivity Rises
Stocks opened higher after Labor Department reports showed a
drop in initial claims and a rise in first-quarter productivity.
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) reported first-quarter profits
down 90% from a year ago. Quarterly profits fell from $602 million to $62
million. MGM Mirage
(
MGM |
Quote |
Chart |
News |
PowerRating) 1Q profits rose 17% boosted by gains
from its Las Vegas Strip properties as well as its Beau Rivage resort in
Mississippi, but earnings came in below analyst expectations.
International Paper
(
IP |
Quote |
Chart |
News |
PowerRating) announced quarterly
earnings of $434 million versus a loss of $1.24 billion during the same period
last year.
For more stocks
to watch, see
TradingMarkets 7 Trading Ideas for Today.
Today‘s
PowerRatings Heat Map is neutral across most sectors, suggesting possible
consolidation over the next few sessions. The sector with the highest amount of high
and low PowerRatings stocks is
the Energy sector, shown here:
Today’s featured
list comes from our
PowerRatings
Top 10 Most Requested Stocks. These stocks have been the most
requested over the past 24 hours.
For a free PowerRatings trial,
click here. If
you have any questions about PowerRatings or the new Stock Indicators please
feel free to email us or call 213-955-5858 ext 1.
Darren Wong
Associate Editor
darrenw@tradingmarkets.com
Reminder: We are in no
way recommending the purchase or short sale of these stocks. This article is
intended for education purposes only. Trading should be based on your own
understanding of market conditions, price patterns and risk; our information is
designed to contribute to your understanding.