TradingMarkets Mid-Day Movers
The major indices are turning in a mixed
performance in morning trading on Friday, with traders reluctant to make any
significant moves ahead of the release of some key quarterly earnings reports
next week.
The gains by oil service stocks come as
the price of oil is regaining some ground after ending the previous session at
its lowest closing level since May of 2005. Crude for February delivery is
currently up $0.34 at $52.22 a barrel.
Gold stocks are also posting strong gains
in morning trading, contributing to a 1.8 percent gain by the Amex Gold Bugs
Index. The strength among gold stocks comes as gold for February delivery is
currently up $5.60 at $619.50 an ounce.
By looking at our new PowerRatings
Heat Maps*,
the energy sector remains the only sector showing anticipated strength, while
the rest of the market looks extremely weak. Some of the Energy stocks
with the highest PowerRatings include Gulfmark Offshore
(
GMRK |
Quote |
Chart |
News |
PowerRating) and Bronco
Drilling
(
BRNC |
Quote |
Chart |
News |
PowerRating), which are both trading higher by 3% through the morning
session.
Stocks on the Move
AMD
(
AMD |
Quote |
Chart |
News |
PowerRating) Warns Of Lower Revenues In Q4 On Margin Pressure (full
story). AMD shares drop 11.5% in early trading.
BP
(
BP |
Quote |
Chart |
News |
PowerRating) Alternative Energy North America To Begin Construction On
Five Wind Power Generation Projects In US (full
story). BP shares rise over 4%.
Coventry Health Care
(
CVH |
Quote |
Chart |
News |
PowerRating) To Redeem All $170.5 Mln 8.125% Senior
Notes, Sees Charge In Q1; Backs FY07 EPS View (full
story). CVH shares fall by 0.5%.
Napster
(
NAPS |
Quote |
Chart |
News |
PowerRating) To Provide Exclusive Music Subscription For AOL
Music (full
story). NAPS shares jump by nearly 6%.
Murphy Oil
(
MUR |
Quote |
Chart |
News |
PowerRating) Cuts Upper End Of Q4 Earnings Forecast (full
story). MUR shares are trading fractionally higher.
For more stories as they happen, go to our
Breaking News section.
Market Snapshot
|
Dow | +31.32 | 12,546.30 |
| NASDAQ | +9.97 | 2,494.91 |
|
S&P 500 | +4.67 | 1,428.81 |
|
NYSE |
| |
|
Volume | 1,141,881,000 | 962,307,000 |
|
| 1822 | 1614 |
|
Declines | 1229 | 1234 |
|
Up Volume | 581 | 536 |
|
Down Volume | 422 | 331 |
|
New Highs | 164 | 112 |
|
| 18 | 19 |
Strongest/Weakest Sectors
| Strongest Sectors | Weakest Sectors |
|
| CBOE Oil Index (OIX) |
CBOE Oil Index (OIX) | Deutsche Bank Energy Index (DXE) |
Amex Gold Bugs Index (HUI) | Amex Oil Index (XOI) |
Economic News
Business Inventories +0.4% vs +0.3% consensus
Retail Sales +0.9% vs +0.7% consensus
Retail Sales ex-auto +1.0% vs +0.5% consensus
Import Prices ex-oil +0.4%, prior +0.7%
Export Prices ex-ag +0.5%, prior +0.1%
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. For a free trial to PowerRatings Heat Maps
click
here.Â