TradingMarkets Mid-Day Movers

  • April 12, 2007
  • Darren Wong

U.S. stocks are fractionally higher this morning,
despite initial claims data that showed a greater than expected
increase in weekly jobless claims. 

Crude futures for May delivery
are up 1.9% to $63.19 per barrel.  A report released by the
International Energy Agency showed OPEC’s crude supplies are at a
two-year low. 
June gold futures are down by 0.6% to $677.40 an ounce.

Around Asia, the Shanghai Composite closed
higher by 1% to 3,531.03, Hong Kong’s Hang Seng Index fell 0.3% to
20,380.21, and Tokyo’s Nikkei lost 0.7% to 17,540.42.



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Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
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Stocks in
Motion

Research In Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating) Q4 Profit Surges, Revenue
Up 66%; Says SEC Upgrades Probe, Shares Fall (full
story).  RIMM shares are down 7.5% in early trading.

Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) Q1 Profit, Revenue Top Consensus; Sees
FY07 EPS Growth Of 25% – 30% (full
story).  DNA shares lose 2.8%.

MedImmune
(
MEDI |
Quote |
Chart |
News |
PowerRating) To Put Itself Up For Sale (full
story).  MEDI shares rise 11.6%.

Rite Aid
(
RAD |
Quote |
Chart |
News |
PowerRating) Q4 Profit Dips; Revenue Down 4.4%;
Expects To Close Brooks And Eckerd Acquisition By May End (full
story).  RAD shares add 2%.

Wal-Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) March Sales Rise 11.7%; Comps. Up
4%; Sees April Comps Of 0%- Down 2%, Gives Q1 EPS View (full
story).  WMT shares are trading fractionally lower.

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

Market Snapshot

Dow

 +2.36 12,486.98

NASDAQ

 +6.45 2,465.79

S&P 500

 +1.23 1,440.10

 

 NYSE NASDAQ

Volume

 1,161,904,000 800,235,000

Advances

 1539 1463

Declines

 1506 1345

Up Volume

 540 520

Down Volume

 494 216

New Highs

 78 76

New Lows

 30 54



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Chemicals Index (CEX) Dow Jones Equity REIT (DJR)
Amex Pharmaceuticals Index (DRG) GSTI Multimedia Networking Index (GIP)
GSTI Internet Index (GIN) PHLX / KBW Bank Sector Index (BKX)


Economic
News

Import Prices +1.7% vs
Bloomberg Consensus of +0.8%, prior +0.2%

Export
Prices ex-ag +0.6% , prior +0.6%

Import Prices ex-oil +0.3%, prior -0.1%

Initial Claims 342K vs 320K consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com