TradingMarkets Mid-Day Movers

  • January 17, 2007
  • Darren Wong

With some
troubling inflation data generating some negative sentiment, the U.S. stock
markets have seen some weakness during trading on Wednesday. Selling
pressure has remained subdued, however, limiting the downside for the major
averages.

Nonetheless, significant weakness has
emerged in the airline sector, as a turnaround by the price of oil has inspired
some profit taking. After hitting a low of $50.28 a barrel, crude for February
delivery is currently up $0.13 at $51.34 a barrel.


The price
of gold has turned higher over the course of the trading day on Wednesday. Gold
for February delivery is currently up $4.60 at $630.50 an ounce after hitting a
low of $620.60 an ounce.

The increase by the price of gold is
partly due to some weakness in the value of the U.S. dollar, which is giving
back some ground after trending higher in recent sessions.

Today’s PowerRatings
Heat Maps*
continue to show widespread weakness in the overall markets with the Drug,
Transportation and Materials and Construction sectors showing the most notable
weakness.

Stocks on the Move

Intel Q4 Profit Drops 39% (full
story).  INTC shares lose 5.25% in early trading.

American Airlines Parent AMR Swings To Profit In Q4 On Fuller Planes, Lower
Fuel Costs (full
story).  AMR shares are trading fractionally higher.

Higher Jet Fuel Costs Drag Southwest Airlines Q4 Profit Down By 19%, Adj.
Profit Rises On 15% Revenues Upside (full
story).  LUV shares fall by nearly 3%.

McDonald’s December Comp. Rise 7.2%; Q4 Comp. Up 6.3%; Guides Q4 EPS (full
story).  MCD shares rise by 0.75%.

Sony Ericsson Q4 Profit More Than Triples On Strong Demand For Imaging,
Walkman Phones (full
story).  ERIC shares lose 1.3%.

Lennar Slips To Loss In Q4 On Charges, 15% Drop In Revenues; Guides FY07 (full
story). LEN shares rise by nearly 4%.

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

Market Snapshot

Dow


-12.01
12,570.58

NASDAQ
-7.17
2,490.61

S&P 500


-0.28
1,431.69

NYSE


NASDAQ

Volume
1,079,637,000
903,524,000


Advances
1696
1408

Declines
1385
1449

Up Volume
557
281

Down Volume
385
544

New Highs
149
92


New Lows
14
25


Strongest/Weakest Sectors



Strongest Sectors

Weakest Sectors

Deutsche Bank Energy Index (DXE)

Amex Airline Index (XAL)

Amex Oil 
Index (XOI)
GSTI Multimedia Networking Index (GIP)

CBOE Oil Index (OIX)

Amex Networking Index (NWX)


Economic News

Capacity Utilization 81.8% vs 81.7% consensus

Industrial Production +0.4% vs +0.1% consensus

Core PPI y/y is +2.0%, consensus is +2.0%

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