TradingMarkets Mid-Day Movers
TradingMarkets just released a proprietary stock rating
method called
PowerRatings.
This method ranks stocks 1-10 and the higher the rating, the greater the
one-week historical gain has been.
PowerRatings
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
PowerRatings
click here.
Stocks are trading notably higher on Wednesday,
boosted by earnings from
FedEx
(PowerRating)
(
FDX |
Quote |
Chart |
News |
PowerRating) and M&A news before the open. All the major sectors are trading in
positive territory.
In today’s economic news, the Mortgage Bankers
Association reported a drop in loan applications
(report).
3rd Quarter GDP was revised downward
(report)
and Crude Oil Inventories rose
(report).
Treasuries are falling for the 3rd consecutive
day after today’s reports; meanwhile the US Dollar is rallying for the 3rd
straight session. Crude Oil is trading lower after the unexpected rise in
inventories.
Google
(PowerRating)
(
GOOG |
Quote |
Chart |
News |
PowerRating) announced last night that it is to buy a 5% stake in AOL for $1 Bln,
a wholly owned subsidiary of Time Warner
(PowerRating)
(
TWX |
Quote |
Chart |
News |
PowerRating).
Seagate
(PowerRating)
(
STX |
Quote |
Chart |
News |
PowerRating) agreed to acquire
Maxtor
(PowerRating)
(
MXO |
Quote |
Chart |
News |
PowerRating) for $1.9 Bln in stock (full
story).
Allergran
(PowerRating)
(
AGN |
Quote |
Chart |
News |
PowerRating) agreed to buy
Inamed
(PowerRating)
(
IMDC |
Quote |
Chart |
News |
PowerRating) for $3.2 Bln (full
story).
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+94.86 | 10,900.41 |
| NASDAQ |
+17.84 | 2240.26 |
| S&P 500 |
+9.56 | 1269.18 |
| NYSE | NASDAQ | |
| Volume |
1,079,651,000 | 845,682,000 |
| Advances |
2232 | 1913 |
| Declines |
928 | 1004 |
| Up Volume |
773 | 545 |
| Down Volume |
212 | 242 |
| New Hi’s |
84 | 56 |
| New Lo’s |
75 | 39 |
|
|
Weakest Sectors |
| Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
 |
| Biotechnology ( BTK | Quote | Chart | News | PowerRating) |
 |
| Airline ( XAL | Quote | Chart | News | PowerRating) |
 |
Mortgage Bankers Association’s Weekly Market
Index Drops 4%; Purchase Index Down 5.2%, Refinancing Index Down 1.6% (report).
Q3 GDP Revised Downward To 4.1% Growth Rate (report).
EIA: Crude Oil Inventories Up 1.3 Mln. Barrels, Gasoline Inventories Down
300,000 Barrels (report).
Ashton Dorkins