TradingMarkets Mid-Day Movers
This month TradingMarkets.com published new
research on what the month of December is likely to have in store for the
stock market. Our research, titled “Will
December Be Up Or Down?” showed some interesting results when comparing
all Decembers with those that have followed a market that is up after the first
11-months (as it is this year).
All the major averages are trading higher, except for the
Nasdaq Composite which is modestly lower. A number of large-cap pharmaceutical
companies are higher boosted by favorable court ruling in favor of
Pfizer (PowerRating)
(
PFE |
Quote |
Chart |
News |
PowerRating) (more).
However, the news is negatively impacting biotech stocks.
No economic news has been released today but comments made by
President Bush can be found in our
Economic
News section.
Treasuries are trading flat, however the yield
curve has inverted for the first time since 2001 with 2-yr T-Notes yielding more
than 5-yr T-Notes.
Energy prices are falling, with Crude Oil
declining for the fourth consecutive day. Forecasts of warmer weather across the
US are impacting the energies.
Honeywell (PowerRating)
(
HON |
Quote |
Chart |
News |
PowerRating) to buy First Technology for GBP315 Mln in cash plus debt (full
story).
Pepsi (PowerRating)
(
PBG |
Quote |
Chart |
News |
PowerRating) backs FY05 EPS outlook, sees FY06 pro forma EPS of $1.94 – $2.02 (full
story).
Clorox (PowerRating)
(
CLX |
Quote |
Chart |
News |
PowerRating) raises Q2 earnings and sales guidance, sees FY05 earnings in
$2.91-$3.06 range (full
story).
FPL Group (PowerRating)
(
FPL |
Quote |
Chart |
News |
PowerRating) and Constellation Energy (PowerRating)
(
CEG |
Quote |
Chart |
News |
PowerRating) to merge in $11 Bln deal, expects deal to add to earnings immediately
(full
story).
Circuit City (PowerRating)
(
CC |
Quote |
Chart |
News |
PowerRating) beats Q3 EPS estimates; posts profit vs loss; raises FY06 sales growth
outlook; appoints Schoonover CEO (full
story).
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+34.24 | 10,909.83 |
| NASDAQ |
-4.00 | 2248.48 |
| S&P 500 |
+1.89 | 1269.21 |
| NYSE | NASDAQ | |
| Volume |
973,991,000 | 743,949,000 |
| Advances |
1226 | 1094 |
| Declines |
1969 | 1826 |
| Up Volume |
457 | 287 |
| Down Volume |
422 | 398 |
| New Hi’s |
57 | 80 |
| New Lo’s |
61 | 42 |
|
|
Weakest Sectors |
| Pharmaceutical ( DRG | Quote | Chart | News | PowerRating) |
Healthcare ( HMO | Quote | Chart | News | PowerRating) |
| Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
Biotechnology ( BTK | Quote | Chart | News | PowerRating) |
| Health Products ( RXP | Quote | Chart | News | PowerRating) |
Utility ( UTY | Quote | Chart | News | PowerRating) |
No economic news today.
Ashton Dorkins