TradingMarkets Mid-Day Movers
TradingMarkets just released a proprietary stock rating
method called
PowerRatings.
This method ranks stocks 1-10 and the higher the rating, the greater the
one-week historical gain has been.
PowerRatings
were created by Cesar Alvarez, Director of Research for Connors Capital, LLC.
Cesar looked back at more than 5.5 million trades between Jan 1, 1995 and Dec 1,
2005. The results are based on the average 5-day performance.
To find out more about
PowerRatings
click here.
The major averages are
trading modestly higher following the morning release of the
Employment Report for December. Non-Farm Payrolls came in below expectations but
a large upward revision to November’s number and a slight downward revision to
October led to very choppy trading in the futures across most asset classes.
Treasuries are trading lower after spiking higher
immediately after the report was released. The US Dollar fell sharply against
the Euro and Yen.
Energy prices are trading higher, including
Natural Gas (NGG6) which has been a freefall since mid-December.
Best Buy
(PowerRating)
(
BBY |
Quote |
Chart |
News |
PowerRating) said December comps rose 5.8% and that Q4
sales should rise 11%. Flat panel TVs had triple digit gains.
EMC
(PowerRating)
(
EMC |
Quote |
Chart |
News |
PowerRating) guided revenues higher for Q4 and announced a “workforce rebalance.”
Shaw Group
(PowerRating)
(
SGR |
Quote |
Chart |
News |
PowerRating) beat by 0.05 and beat on revenues.
California Amplifier
(PowerRating)
(
CAMP |
Quote |
Chart |
News |
PowerRating) beat by 0.02 but issued downside guidance.
Immugen
(PowerRating)
(
BLUD |
Quote |
Chart |
News |
PowerRating) beat by a penny after items and reaffirmed guidance.
Take Two Interactive
(PowerRating)
(
TTWO |
Quote |
Chart |
News |
PowerRating) missed by a penny and guided lower. Q4 sales fell 30% from last
year. Bank of America lowered its target on the stock to $17 from $19.
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+48.67 | 10,930.82 |
| NASDAQ |
+12.51 | 2289.38 |
| S&P 500 |
+6.88 | 1280.36 |
| NYSE | NASDAQ | |
| Volume |
886,903,000 | 846,342,000 |
| Advances |
1877 | 1558 |
| Declines |
1193 | 1258 |
| Up Volume |
507 | 569 |
| Down Volume |
260 | 196 |
| New Hi’s |
225 | 157 |
| New Lo’s |
14 | 15 |
|
|
Weakest Sectors |
| Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
Airline ( XAL | Quote | Chart | News | PowerRating) |
| Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
Healthcare ( HMO | Quote | Chart | News | PowerRating) |
| Oil Services ( OSX | Quote | Chart | News | PowerRating) |
Utility ( UTY | Quote | Chart | News | PowerRating) |
Employment Report:
Non-Farm Payrolls, M/M Change – Actual 108,000 Consensus 215,000
Unemployment Rate – Actual 4.9% Consensus 5.0%
Average Hourly Earnings – Actual 0.3% Consensus 0.2%
Average Workweek – Actual 33.7 hrs Consensus 33.8 hrs
Ashton Dorkins