TradingMarkets Mid-Day Movers

After moving modestly higher at the start
of trading on Thursday, the U.S. stock markets have continued higher throughout
much of the session. The major averages have shown strong upward moves, moving
firmly into positive territory.

The markets are benefiting from
significant strength among resource stocks, with energy stocks posting
particularly strong gains after falling sharply in recent sessions. The gains by
energy stocks come as a substantial turnaround by the price of oil has inspired
some bargain hunting.

The price of gold has shown a lack of
direction during trading on Thursday, as traders digest some volatility being
shown by the price of oil. Gold for February delivery is currently up $1.90 at
$615.30 an ounce.

The choppy trading comes as the price of
oil has staged a significant turnaround after seeing substantial weakness in
early trading. Crude for February delivery is currently up $0.08 at $54.10 a
barrel after hitting a low of $52.94 a barrel.

From a quick glance at our new
PowerRatings
Heat Maps*,
we are seeing Energy as the sector with the most anticipated strength.  The
overall picture however is looking rather weak with the weakest sectors being in
Drugs, Electronics, and Consumer Non-Durables.

Stocks on the Move

Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Soar On Sale Of Cancer Drugs, Lucentis;
EPS Beats View (full
story).  DNA shares jump 4.3%.

Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) Sues Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) For IPhone Trademark
Infringement (full
story).  CSCO shares  rise by 1%, while AAPL shares lose 0.9%.

Bristol-Myers Squibb
(
BMY |
Quote |
Chart |
News |
PowerRating), AstraZeneca
(
AZN |
Quote |
Chart |
News |
PowerRating) To
Jointly Develop Compounds For Type 2 Diabetes (full
story).  BMY shares rise by 0.3%, while AZN shares rise by 1.7%.

Infosys
(
INFY |
Quote |
Chart |
News |
PowerRating) Q3 EPS Soars On Strong Revenues (full
story).  INFY shares rise by 3.6%.

Sapient
(
SAPE |
Quote |
Chart |
News |
PowerRating) Posts Breakeven Earnings In Q3, Profit Declines
(full story).  SAPE shares jump 8.5% in early trading.

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

Market Snapshot

Strongest/Weakest Sectors

Economic News

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.