TradingMarkets Mid-Day Movers
Monday’s session got off to a rather
lackluster start with stocks fluctuating either side of the flat line.
With earnings season winding down and no major economic reports due over the
next few days, traders will have to look elsewhere for inspiration.
The US Dollar Index is trading slightly higher, along with
Treasuries. Energy prices are lower, with Crude Oil trading below $60 again.
Guidant
(
GDT |
Quote |
Chart |
News |
PowerRating) initiated a lawsuit seeking to compel
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) to complete its deal to acquire the company. Read
JNJ comments on GDT lawsuit
here.
Guidant also released Q3 EPS of $0.32, excluding one-time
items, versus EPS of $0.63 in the same period last year. Sales declined 14% to
$795 Mln (more).
ViroPharma
(
VPHM |
Quote |
Chart |
News |
PowerRating) reported Q3 EPS of $0.31, beating
analyst expectations by $0.10 and up from a loss of $0.13 per share last year.
VPHM also raised full-year guidance (more).
ProAssurance
(
PRA |
Quote |
Chart |
News |
PowerRating) agreed to sell its personal lines
insurance operations to a subsidiary of GMAC Insurance Holdings. The $400 Mln
transaction includes a $327 Mln cash payment (more).
Stocks On The Move
Exxon Mobil
(
XOM |
Quote |
Chart |
News |
PowerRating) is the worst performing Dow
component. Procter & Gamble
(
PG |
Quote |
Chart |
News |
PowerRating), SBC
(
SBC |
Quote |
Chart |
News |
PowerRating) and DuPont
(
DD |
Quote |
Chart |
News |
PowerRating) are also
weak.
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) is the best performing Dow stock.
GM
(
GM |
Quote |
Chart |
News |
PowerRating) is also strong.
| Dow |
+21.93 | 10,552.69 |
| NASDAQ |
+2.43 | 2171.86 |
| S&P 500 |
-0.15 | 1219.99 |
| NYSE | NASDAQ | |
| Volume |
768,769,000 | 668,614,000 |
| Advances |
1394 | 1406 |
| Declines |
1663 | 1428 |
| Up Volume |
285 | 352 |
| Down Volume |
395 | 233 |
| New Hi’s |
64 | 96 |
| New Lo’s |
61 | 32 |
|
|
Weakest Sectors |
| Internet ( INX | Quote | Chart | News | PowerRating) |
Oil Service ( OSX | Quote | Chart | News | PowerRating) |
| Retail ( RLX | Quote | Chart | News | PowerRating) |
Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
| Banks ( BIX | Quote | Chart | News | PowerRating) |
Oil ( XOI | Quote | Chart | News | PowerRating) |
Ashton Dorkins