TradingMarkets Mid-Day Movers
Earlier this week 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).
Stocks are trading lower
on Monday despite M&A news before the bell. Treasuries are trading
lower, the US Dollar Index is slightly higher. Energy prices are rallying
sharply with Crude Oil back above $60.
Boston Scientific
(
BSX |
Quote |
Chart |
News |
PowerRating) has entered
the race to acquire Guidant
(
GDT |
Quote |
Chart |
News |
PowerRating) by offering 14% premium than
Johnson & Johnson’s
(
JNJ |
Quote |
Chart |
News |
PowerRating) bid price to buy Guidant in cash and stock (full
story).
Liberty Media
(
L |
Quote |
Chart |
News |
PowerRating) and Provide
Commerce
(
PRVD |
Quote |
Chart |
News |
PowerRating) have struck a definitive deal allowing Liberty Media to
buy Provide Commerce for $477 Mln (full
story).
BP
(
BP |
Quote |
Chart |
News |
PowerRating) revealed that its Singapore
unit would buy 20% stake in China Aviation Oil for approximately US$44 Mln (full
story).
Sears Holdings
(
SHLD |
Quote |
Chart |
News |
PowerRating) announced that it would acquire all the
outstanding common shares of Sears Canada that it does not currently own for
about US$715 Mln (full
story).
Yellow Roadway
(
YELL |
Quote |
Chart |
News |
PowerRating) reaffirmed Q4
earnings per share below Street analysts’ estimates. The company also backed
2005 earnings outlook (full
story).
Monsanto
(
MON |
Quote |
Chart |
News |
PowerRating) raised its Q1 earnings
guidance, citing stronger than expected results for cotton traits in Australia
and for Roundup herbicides in Europe and the United States due partly to earlier
timing of demand particularly in Europe (full
story).
In today’s economic news, the ISM
Non-Manufacturing Index for November was 58.5 (report).
| Dow |
-48.67 | 10,828.84 |
| NASDAQ |
-18.55 | 2254.82 |
| S&P 500 |
-4.87 | 1260.21 |
| NYSE | NASDAQ | |
| Volume |
1,041,079,000 | 795,239,000 |
| Advances |
1020 | 964 |
| Declines |
2107 | 1902 |
| Up Volume |
331 | 229 |
| Down Volume |
624 | 490 |
| New Hi’s |
113 | 121 |
| New Lo’s |
53 | 25 |
|
|
Weakest Sectors |
| Oil Index ( XOI | Quote | Chart | News | PowerRating) |
Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
| Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
Retail ( RLX | Quote | Chart | News | PowerRating) |
| Oil Service Index ( OSX | Quote | Chart | News | PowerRating) |
Airline ( XAL | Quote | Chart | News | PowerRating) |
Ashton Dorkins
Be sure to vote for
TradingMarkets in the 13th Annual
Stocks & Commodities
2006 Readers’ Choice Awards