TradingMarkets Mid-Day Movers

  • April 19, 2007
  • Darren Wong

The major indices pulled back from yesterday’s
record highs after traders were influenced by a selloff in Asia
stocks. Notable gainers in the S&P 500 include Schering Plough
(
SGP |
Quote |
Chart |
News |
PowerRating)
and Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating) with gains of 8.3% and 5% respectively.

May Crude futures are down this
morning by 2.3% to $61.65 a barrel. 
June gold futures are also trading lower currently off 0.9% to $687.10
per ounce.

Around Asia, Shanghai’s Composite took
center stage as it dove nearly 5% to close at 3,449.02. 
Tokyo’s Nikkei Index followed lower by 1.7% to 17,371.97 and Hong
Kong’s Hang Seng dropped 2.3% to finish at 20,299.71.



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 


Stocks in
Motion

EBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top Estimates; Boosts
FY07 Outlook (full
story).  EBAY shares fall by 0.7%.

Merrill
Lynch
(
MER |
Quote |
Chart |
News |
PowerRating) Q1 Profit Soars On Absence Of Year-ago Charge, Higher
Revenues (full
story).  MER shares rise by 0.8%.

Gilead
(
GILD |
Quote |
Chart |
News |
PowerRating) Q1 Profit Soars 55% On Strong HIV
Drug Sales (full
story).  GILD shares jump 4.5%.

Pulte Homes
(
PHM |
Quote |
Chart |
News |
PowerRating) Sees Loss In Q1 (full
story).  PHM shares are flat through the morning.

UnitedHealth Group
(
UNH |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises 4%; Adj.
EPS Beats Street View; Guides Q2; Lifts 2007 Adj. EPS View, Trims Revenue
Forecast (full
story).  UNH shares fall  by 3.25%.

Union Pacific
(
UNP |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises 24%; EPS Tops
Street View; Revenue Misses Consensus (full
story).  UNP shares rise over 4%.

Nucor
(
NUE |
Quote |
Chart |
News |
PowerRating) Reports Roughly Flat Q1 Profit; Sales
Up 6%; Raises Dividend (full
story).  NUE shares move fractionally lower.

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

Market Snapshot

Dow

 -5.21 12,798.63

NASDAQ

 -3.96 2,506.54

S&P 500

 -1.01 1,471.49

 

 NYSE NASDAQ

Volume

 1,178,289,000 878,434,000

Advances

 986 886

Declines

 2026 1909

Up Volume

 409 402

Down Volume

 634 366

New Highs

 131 64

New Lows

 16 38



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Morgan Stanley Healthcare Products Index (RXP) GSTI Internet Index (GIN)
Computer Hardware Index (HWI) Dow Jones Internet Commerce Index (ECM)
GSTI Semiconductor Index (GSM) Morgan Stanley Healthcare Payors Index (HMO)


Economic
News

Leading Indicators
+0.1% vs +0.1% consensus

Initial Claims 339K vs 320K
consensus; prior week revised to 343K from 342K

Darren Wong

Associate Editor

darrenw@tradingmarkets.com