TradingMarkets Mid-Day Movers

  • April 17, 2007
  • Darren Wong

Momentum from yesterday continues to move the
indices higher.  Calming inflation data and positive earnings
reports are also pushing stocks higher this morning.

Crude futures for May delivery
are up by 1.1% this morning currently at $64.28 per barrel. 
June gold futures lose 0.2% to  $693.10 an ounce.

Around Asia, Tokyo’s Nikkei fell 0.6%
to 17,527.45, Hong Kong’s Hang Seng Index added 0.15% to
20,788.61, and Shanghai’s Composite gained 0.4% to 3,611.87.

Our
PowerRatings
Heat Maps*
have started to become more and more bearish over the last several sessions
as the indices make new highs.  This tells us that it is
becoming harder to find good buying opportunities in the current
market. 

Click here for a free trial to our PowerRatings Heat Maps and
find out which sectors you should be entering.



Stocks in
Motion

Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) Q1 Profit Tumbles 22% On
Acquisition Charges; Adj. EPS Beats Estimate; Revenue Rises 16% (full
story).  JNJ shares add 3%.

EMC
(
EMC |
Quote |
Chart |
News |
PowerRating)
Q1 Profit Rises On Higher Software Sales; Growth In Asia-Pacific And Japan
Regions (full
story).  EMC shares rise 2.3%.

Dow Jones
(
DJ |
Quote |
Chart |
News |
PowerRating) Q1 Revenues Up 17.9% On Factiva
Acquisition, Backs FY07 adjusted EPS forecast (full
story).  DJ shares gain 3%.

Wells Fargo
(
WFC |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises 11% On Top Line
Growth; EPS, Revenue Beat Street View (full
story).  WFC shares add 0.2%.

Steel Dynamics
(
STLD |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise 34% (full
story).  STLD shares lose 0.3%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Dow

 +64.77 12,785.23

NASDAQ

 +2.26 2,520.59

S&P 500

 +5.01 1,473.48

 

 NYSE NASDAQ

Volume

 1,188,451,000 769,844,000

Advances

 1635 1315

Declines

 1439 1536

Up Volume

 629 404

Down Volume

 426 277

New Highs

 264 162

New Lows

 17 23



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Retail Index (RLX) Dow Jones Internet Commerce Index (ECM)
Amex Networking Index (NWX) Amex Securities Broker/Dealer Index (XBD)
Amex Pharmaceutical Index (DRG) S&P Chemicals Index (CEX)


Economic
News

Core CPI +0.1% vs
+0.2% consensus. +0.2% prior

CPI +0.6% vs +0.6%
consensus, +0.4% prior

Housing Starts 1518K vs 1500K consensus, 1506 prior

Building Permits 1544K vs 1515K consensus, 1532K prior

Darren Wong

Associate Editor

darrenw@tradingmarkets.com