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).
After a modest drop at the open all the
major averages are now posting slight gains on the session.
The pre-open headlines were centered on homebuilders, as Toll
Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating) issued disappointing guidance and semiconductors, with a
number of chip stocks reporting (including Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) after the close
today and National Semiconductor
(
NSM |
Quote |
Chart |
News |
PowerRating) during today’s session).
In today’s economic news, Initial Jobless Claims rose
unexpectedly (report).
Treasuries are trading higher, while the US Dollar Index is trading lower.
Energy prices are trading higher, with Natural Gas leading the
advance after a decline in inventories. January Natural Gas is trading higher by
5.55%.
Go to our
Economic
News section for more reports and in-depth analysis.
Stocks On The Move
Costco Wholesale
(
COST |
Quote |
Chart |
News |
PowerRating) reported a rise in Q1
earnings on a 12% jump in sales (full
story).
Ciena
(
CIEN |
Quote |
Chart |
News |
PowerRating) reported a narrower Q4 loss and
expects Q1 earnings to be flat/slightly higher than Q4 (full
story).
Papa John’s
(
PZZA |
Quote |
Chart |
News |
PowerRating) affirmed 05 guidance, declaed a
2:1 stock split and an increase in its share buyback program (full
story).
Toll Brothers
(
TOL |
Quote |
Chart |
News |
PowerRating) announced Q4 EPS rose 66%,
beating estimates but issued disappointing guidance (full
story).
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) reported November sales and
lowered Q4 EPS guidance due to exchange rates (full
story).
American Greetings
(
AM |
Quote |
Chart |
News |
PowerRating) slashed its Q3 earnings
forecast on disappointing UK shipments (full
story).
QUALCOMM
(
QCOM |
Quote |
Chart |
News |
PowerRating) raised its Q1 outlook on strong
shipments (full
story).
| Dow |
+17.05 | 10,827.96 |
| NASDAQ |
+7.29 | 2259.30 |
| S&P 500 |
+4.56 | 1261.93 |
| NYSE | NASDAQ | |
| Volume |
943,352,000 | 860,572,000 |
| Advances |
2083 | 1781 |
| Declines |
1038 | 1071 |
| Up Volume |
579 | 529 |
| Down Volume |
252 | 276 |
| New Hi’s |
112 | 87 |
| New Lo’s |
52 | 24 |
|
|
Weakest Sectors |
| Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
 |
| Oil Service ( OSX | Quote | Chart | News | PowerRating) |
 |
| Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
 |
Economic News
Initial Jobless Claims Up 6,000 To 327,000
Natural Gas Inventories – Down 59 Bln. Cubic Feet
Ashton Dorkins
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