TradingMarkets Mid-Day Movers
This month 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).
The major averages are trading modestly higher on Monday,
boosted by M&A news. Yesterday,
Viacom’s
(
VIA |
Quote |
Chart |
News |
PowerRating) Paramount Pictures announced an agreement to buy DreamWorks SKG for
$1.6 Bln (more).
Then, before the open,
ConocoPhillips
(
COP |
Quote |
Chart |
News |
PowerRating) announced that it is in advanced talks to
acquire
Burlington Resources
(
BR |
Quote |
Chart |
News |
PowerRating) for more than $30 Bln (more).
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) is also in the news today after a Federal Court Judge declared a
mistrial in the VIOXX case.
With no economic news scheduled for release today, Treasuries
are trading flat ahead of tomorrow’s FOMC meeting. However, the US Dollar Index
is sharply lower as speculation grows the statement that will accompany the
Fed’s decision may signal an end to rate rises.
Stocks On The Move
Goodrich
(
GR |
Quote |
Chart |
News |
PowerRating) expects a 10-25% rise in full-year 06 profits and reaffirms full-year 05
guidance (full
story).
Jacuzzi
Brands
(
JJZ |
Quote |
Chart |
News |
PowerRating) reported a drop in Q4 profits and issued guidance for
full-year 06 (full
story).
Ingles
Markets
(
IMKTA |
Quote |
Chart |
News |
PowerRating) announced a drop in Q4 profits (full
story).
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+0.88 | 10,779.46 |
| NASDAQ |
+4.99 | 2261.72 |
| S&P 500 |
+0.72 | 1260.09 |
| NYSE | NASDAQ | |
| Volume |
853,619,000 | 791,979,000 |
| Advances |
1783 | 1477 |
| Declines |
1371 | 1412 |
| Up Volume |
454 | 419 |
| Down Volume |
318 | 306 |
| New Hi’s |
154 | 120 |
| New Lo’s |
56 | 19 |
|
|
Weakest Sectors |
| Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
Healthcare ( HMO | Quote | Chart | News | PowerRating) |
| Oil Service ( OSX | Quote | Chart | News | PowerRating) |
Networking ( NWX | Quote | Chart | News | PowerRating) |
| Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
Banks ( BIX | Quote | Chart | News | PowerRating) |
Economic News
No economic news today
Ashton Dorkins
Be sure to vote for
TradingMarkets in the 13th Annual
Stocks & Commodities
2006 Readers’ Choice Awards