TradingMarkets Mid-Day Movers

  • April 27, 2007
  • Darren Wong

U.S. stocks are flat after weaker than expected GDP
numbers.  Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) announced positive
earnings yesterday and is helping to keep the Dow above even. 
Baidu.com
(
BIDU |
Quote |
Chart |
News |
PowerRating) also reported yesterday and is up 15%
in early trading.

June crude futures are up 0.4% to
$65.29 a barrel. 
June gold futures are up fractionally to $678.20 an ounce.

Around Asia, Shanghai’s Composite fell
0.6% to 3,759.87, Tokyo’s Nikkei Index lost 0.2% to 17,400.41, and
Hong Kong’s Hang Seng fell 0.7% to 20,526.50.

Today‘s

PowerRatings Heat Map continues to be moderately bearish, with
very little green to be found.  The Energy sector continues
to look the weakest since it has had a major runup and long
positions in this sector will carry higher risk. 


Stocks in
Motion

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) Q3 Profit Jumps 65% (full
story).  MSFT shares rise 4.4%.

Baidu
(
BIDU |
Quote |
Chart |
News |
PowerRating)
Q1 Earnings Double (full
story).  BIDU shares jumped 15% in early trading.

SanDisk
(
SNDK |
Quote |
Chart |
News |
PowerRating) Swings To A Loss In Q1, Loss Wider
Than Consensus, Revenues Rise 26% (full
story).  SNDK shares lost 2%.

Broadcom
(
BRCM |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Slide (full
story).  BRCM shares are down 4.5%.

Valero Energy
(
VLO |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top Estimates
(full
story).  VLO shares fall 0.8%.

Burger King Holdings
(
BKC |
Quote |
Chart |
News |
PowerRating) Swings To Profit In Q3;
Adj. Profit Rises 70%; Revenue Up 9%; Sets FY07 Goal (full
story).  BKC shares are up over 3%.

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

Market Snapshot

Dow

 +2.35 13,107.85

NASDAQ

 +0.44 2,554.90

S&P 500

 -2.61 1,491.64

 

 NYSE NASDAQ

Volume

 1,124,192,000 947,256,000

Advances

 1088 1020

Declines

 1951 1827

Up Volume

 325 357

Down Volume

 668 520

New Highs

 132 111

New Lows

 15 48



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
PHLX TheStreet.com Internet Index (DOT) GSTI Semiconductor Index (GSM)
Nasdaq Computer Index (IXCOX) GSTI Multimedia Networking Index (GIP)
GSTI Software Index (GSO) Morgan Stanley Healthcare Providers Index (RXH)


Economic
News

University of
Michigan Sentiment-rev is 87.1 vs 85.5 consensus


GDP-advanced 1.3% vs 1.8% consensus

Chain Deflator-advanced 4.0% vs 3.2% consensus

Employment Cost Index 0.8% vs 0.9% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com