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.
The major averages are flat/slightly
lower in very light trading ahead of the holiday. The November
Producer Price Index fell more than expected
(report)
and Housing Start rose unexpectedly (report)
but neither report was able to stir much interest on Wall Street. New York is
also being effected by the transit strike (full
story) which may be keeping even more traders away from their desks.
Treasuries fell following the housing starts
report and the US Dollar rose as traders speculated the continued strength in
housing will lead to further rate rises.
Crude Oil is trading higher ahead of tomorrow’s
inventory data.
FactSet Research Systems (PowerRating)
(
FDS |
Quote |
Chart |
News |
PowerRating) Q1 profit rises 17.1% on 21% top line growth, guides Q2 rev. in line
with or above consensus (full
story).
Progress Software (PowerRating)
(
PRGS |
Quote |
Chart |
News |
PowerRating) Q4 EPS rises 23%, beats estimates on higher software licenses
revenues; sees Q1 EPS below estimates (full
story).
Amkor Technology (PowerRating)
(
AMKR |
Quote |
Chart |
News |
PowerRating) raises Q4 revenue, gross margin outlook on stronger-than-expected
products demand (full
story).
American Electric Power (PowerRating)
(
AEP |
Quote |
Chart |
News |
PowerRating) boosts FY05 earnings guidance above consensus on cold December
temperatures, reaffirms FY06 outlook above estimates (full
story).
Morgan Stanley (PowerRating)
(
MWD |
Quote |
Chart |
News |
PowerRating) Q4 profit jumps 49% on 28% revenue growth and tax gain (full
story).
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+12.88 | 10,849.41 |
| NASDAQ |
+4.78 | 2227.52 |
| S&P 500 |
+1.92 | 1261.84 |
| NYSE | NASDAQ | |
| Volume |
972,412,000 | 881,506,000 |
| Advances |
1623 | 1421 |
| Declines |
1526 | 1485 |
| Up Volume |
420 | 373 |
| Down Volume |
453 | 443 |
| New Hi’s |
45 | 50 |
| New Lo’s |
110 | 64 |
|
|
Weakest Sectors |
| Oil Service ( OSX | Quote | Chart | News | PowerRating) |
Gold ( XAU | Quote | Chart | News | PowerRating) |
| Healthcare ( HMO | Quote | Chart | News | PowerRating) |
Gold Bug ( HUI | Quote | Chart | News | PowerRating) |
| Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
PPI Down 0.7% For Nov.; Core PPI Up 0.1% (report).
New Housing Starts Up 5.3% To Rate Of 2.123 Mln. Units (report).
Ashton Dorkins