TradingMarkets Mid-Day Movers

  • March 27, 2007
  • Darren Wong

U.S. stocks are moving sharply lower
this morning as housing worries continue to mount. 
Homebuilder Lennar
(
LEN |
Quote |
Chart |
News |
PowerRating) reported first quarter
earnings that came in 73% lower than last year.

May Crude futures are lower in
morning trading currently down 0.6% to $62.50 after climbing to a
2-week high in yesterday’s session. 
Gold futures for April delivery are trading fractionally higher to $670.50 an ounce.

Asian markets finished
Tuesday’s session mixed with the Nikkei and Hang Seng indices
closing lower by 0.9% and 0.3% respectively.  Shanghai’s
Composite gained 0.5%.

The
PowerRatings
Heat Maps*
from Monday’s close is showing action that has historically led to weakness with
the Energy and Metals and Mining sectors looking the most
vulnerable.  Goldcorp
(
GG |
Quote |
Chart |
News |
PowerRating) is one of the major metals and mining
stocks moving to the downside this morning.  It has a
PowerRating of 3 and is currently off by 1% in early trading.



Stocks in
Motion

Lennar
(
LEN |
Quote |
Chart |
News |
PowerRating) Q1 Profit Falls 73% On Lower
Top Line, Deliveries, Prices; Withdraws FY07 Forecast (full
story).  LEN shares fall by 2.5%.


Intuit
(
INTU |
Quote |
Chart |
News |
PowerRating), Electronic Clearing House
(
ECHO |
Quote |
Chart |
News |
PowerRating)
Terminate Merger Deal On Mutual Agreement (full
story).  INTU shares gain 1%, while ECHO shares drop by 35%.

GameStop
(
GME |
Quote |
Chart |
News |
PowerRating) Q4 Profit Rises 53% On
Strong Video Game Sales; Guides Q1, FY07 EPS Above Street View (full
story).  GME shares jump 11%.

McCormick
(
MKC |
Quote |
Chart |
News |
PowerRating) Q1 Profit More Than
Triples On Lower Charges, 7% Sales Rise; Adj. EPS Tops Consensus; Backs FY07
Earnings View (full
story).  MKC shares are trading fractionally lower.

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

Market Snapshot

Dow

 -72.74 12,396.33

NASDAQ

 -15.96 2,439.67

S&P 500

 -9.51 1,427.99

 

 NYSE NASDAQ

Volume

 1,115,109,000 734,282,000

Advances

 794 857

Declines

 2321 1976

Up Volume

 180 225

Down Volume

 783 448

New Highs

 89 73

New Lows

 18 39



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
GSTI Software Index (GSO) Amex Gold Bugs Index (HUI)
North American Telecom Index (XTC) Morgan Stanley Healthcare Payors Index (HMO)
GSTI Services Index (GSV) S&P Chemicals Index (CEX)


Economic
News

Consumer Confidence 107.2 vs
109.0 consensus, prior 112.5 was a five year high

Darren Wong

Associate Editor

darrenw@tradingmarkets.com