TradingMarkets Mid-Day Movers
After a strong upward move in early trading on
Wednesday, the markets continue to hold up near the highs of the morning.Â
Today’s housing report showed that new home sales rose more than expected in the
month of November.Â
Adding to the bullish sentiment are falling crude prices, currently trading
lower by 0.7% to $60.65 bbl.
Notable gains by gold, brokerage, and
internet stocks are contributing to the strength in the broader markets. Oil
service stocks are also seeing some strength despite the continued decrease by
the price of oil.Â
From a quick glance at our new
PowerRatings Heat Maps*,
we are continuing to see potential weakness in the Drug and Health Services
sectors, while no particular sector seems to offer great upside potential.
Stocks on the Move
Cenveo
(
CVO |
Quote |
Chart |
News |
PowerRating) To Acquire Cadmus Communications
(
CDMS |
Quote |
Chart |
News |
PowerRating)
In About $430 Mln Cash Deal (full
story). CVO shares rise by 7.7%, while CDMS shares jump 16.7%.
Inverness Medical
(
IMA |
Quote |
Chart |
News |
PowerRating) And P&G
(
PG |
Quote |
Chart |
News |
PowerRating) To Form 50/50 JV
For Development Of Consumer Diagnostic Products (full
story). IMA shares rise by 2.4%, while PG shares rise 0.3%.
Delta And Pine Land
(
DLP |
Quote |
Chart |
News |
PowerRating) Posts Narrower Q1 Loss On Revenue
Growth; Guides FY07 EPS; Declares Dividend (full
story). DLP shares trade fractionally lower.
Nabors Industries
(
NBR |
Quote |
Chart |
News |
PowerRating) To Initiate Further Review Of Option
Practices Following WSJ Report (full
story). NBR shares rise by 0.3%.
InfoSonics Corp.
(
IFON |
Quote |
Chart |
News |
PowerRating) Is Rising On News Of Partnership With LG
(full
story). IFON shares soar by 48%.
For more stories as they happen, go to our
Breaking News section.
Market Snapshot
|
Dow | +74.50 | 12,482.13 |
| NASDAQ | +13.31 | 2,426.77 |
|
S&P 500 | +6.79 | 1,423.69 |
|
NYSE |
| |
|
Volume | 682,555,000 | 532,776,000 |
|
Advances | 2415 | 1974 |
|
Declines | 692 | 919 |
|
Up Volume | 483 | 347 |
|
Down Volume | 114 | 136 |
|
New Highs | 206 | 141 |
|
| 12 | 19 |
Strongest/Weakest Sectors
| Strongest Sectors | Weakest Sectors |
|
Amex Gold Bugs Index (HUI) | Amex Natural Gas Index (XNG) |
Nasdaq Transportation Index (TRAN) | S&P Insurance Index (IUX) |
CBOE Oil Index (OIX) | S&P Chemicals Index (CEX) |
Economic News
New Home Sales 1047K vs 1020K consensus
Darren Wong
darrenw@tradingmarkets.com
P.S.
Click here to use PowerRatings to identify stocks that could potentially
move higher in the next few days.
* PowerRatings Heat Maps is a powerful tool, which can help you make sense of
the markets in an instant. PowerRatings Heat Maps are set for release in
early 2007.Â