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 have been choppy this morning,
fluctuating either side of the unchanged mark throughout the session. Traders
had to digest a slew of economic data and news. The Illinois Supreme Court ruled
in favor of Altria (PowerRating)
(
MO |
Quote |
Chart |
News |
PowerRating), pushing the stock to a new high. Abgenix
(PowerRating)
(
ABGX |
Quote |
Chart |
News |
PowerRating) is also trading at a new high after Amgen
(PowerRating)
(
AMGN |
Quote |
Chart |
News |
PowerRating) agreed to acquire the company for approximately $2.2 Bln.
In today’s economic news, the November CPI number
fell more than expected, posting the largest drop in Consumer Prices in
56-years, Core CPI (excluding food and energy) continued to rise
(report).
Initial Jobless Claims ticked up last week
(report).
The Empire State Index rose, showing improvement for New York manufacturers
(report)
and Industrial Production growth came in above estimates
(report).
Go to our
Economic
News section for more headlines and analysis, including comments by John
Snow made earlier today.
Treasuries are declining following today’s
reports, with traders citing the rise in Core Inflation as cause for concern.
The US Dollar is posting its strongest advance in over a week versus the Euro.
Energy prices are mixed. Natural Gas is trading
lower despite a much larger drop in supplies than forecast.
Lennar (PowerRating)
(
LEN |
Quote |
Chart |
News |
PowerRating) Q4 EPS up 55%, beats estimates; reaffirms FY06 EPS Outlook (full
story).
SFBC (PowerRating)
(
SFCC |
Quote |
Chart |
News |
PowerRating) cuts FY05 Adj. EPS outlook, initiates FY06 EPS guidance (full
story).
International Speedway (PowerRating)
(
ISCA |
Quote |
Chart |
News |
PowerRating) expects EPS of $3.20-$3.30 for 2006 (full
story).
BB&T (PowerRating)
(
BBT |
Quote |
Chart |
News |
PowerRating) to acquire Main Street Banks in a $622.7Mln stock swap (full
story).
JPMorgan (PowerRating)
to acquire Collegiate Funding for $663 Mln, deal to close in Q1 (full
story).
Goldman Sachs (PowerRating)
(
GS |
Quote |
Chart |
News |
PowerRating) Q4 EPS Rises In Line With Estimates; Total Revenue Up 63% (full
story).
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+6.26 | 10,889.77 |
| NASDAQ |
-4.71 | 2257.88 |
| S&P 500 |
-1.53 | 1271.21 |
| NYSE | NASDAQ | |
| Volume |
998,603,000 | 920,427,000 |
| Advances |
1095 | 1007 |
| Declines |
2052 | 1860 |
| Up Volume |
430 | 420 |
| Down Volume |
479 | 440 |
| New Hi’s |
76 | 71 |
| New Lo’s |
57 | 39 |
|
|
Weakest Sectors |
| Airline ( XAL | Quote | Chart | News | PowerRating) |
Healthcare Providers ( RXH | Quote | Chart | News | PowerRating) |
| Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
Oil ( XOI | Quote | Chart | News | PowerRating) |
| Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
CPI Down 0.6% For Oct.; Core CPI Up 0.2% (report)
Initial Jobless Claims Up 1,000 To 329,000
(report)
Empire State Index At 28.7 For Dec.
(report)
Industrial Production Up 0.7% In Nov.
(report)
Weekly Natural Gas Inventories: -202 Billion Cubic Feet
(report)
Ashton Dorkins