TradingMarkets Mid-Day Movers

  • April 16, 2007
  • Darren Wong

U.S. stocks rally after Citigroup beat earnings
estimates and M&A deals continue to roll out.  The major
indices are all up nearly 1% with the S&P leading. 

Crude futures for May delivery
fell this morning currently down 1.5% to $62.68.  The selloff
comes as Nigerian output has not been disrupted due to the
country’s local elections.  June gold futures
are fractionally lower to $689.10 an ounce.

Around Asia, Shanghai’s Composite
added 2.2% to close at 3,596.44, Hong Kong’s Hang Seng Index
gained 2% to 20,757.53, and Tokyo’s Nikkei rose 1.5% to 17,628.30.



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 



Stocks in
Motion

Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) Q1 Profit Drops 11% On Charge; Adj. EPS
Rises 6%; Top Line Up 15% (full
story).  C shares are up 3% in early trading.


Eli Lilly
(
LLY |
Quote |
Chart |
News |
PowerRating) Q1 Profit Drops 39% On Charges; Adj. EPS Beats
Estimate; Top Line Rises 14%; Lifts FY07 View (full
story).  LLY shares add nearly 2%.

Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) Clinches Deal To Buy DoubleClick For
$3.1 Bln (full
story).  GOOG shares rise 2%.

Sallie Mae
(
SLM |
Quote |
Chart |
News |
PowerRating) Agrees To $25 Bln Investor Group
Buyout Offer (full
story).  SLM shares jump 17% on the takeover.

Mattel
(
MAT |
Quote |
Chart |
News |
PowerRating) Q1 Profit Plunges 60% On Absence Of
Gain; Sales Rise 19% (full
story).  MAT shares add 1.2%.

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

Market Snapshot

Dow

 +102.96 12,715.09

NASDAQ

 +23.75 2,515.69

S&P 500

 +14.02 1,466.87

 

 NYSE NASDAQ

Volume

 1,156,972,000 729,929,000

Advances

 2265 2047

Declines

 811 838

Up Volume

 803 476

Down Volume

 197 166

New Highs

 335 202

New Lows

 12 13



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Banking Index (BIX) Amex Oil Index (XOI)
PHLX/KBW Bank Sector Index (BKX) Morgan Stanley Healthcare Providers Index (RXH)
Nasdaq Other Index (OFINX) Deutsche Bank Energy Index (DXE)


Economic
News

Business
Inventories +0.3% vs +0.3% consensus, prior +0.2%


Net Foreign Purchases $58.1 bln vs $80.0 bln consensus, $97.4 bln prior

Retail Sales +0.7% vs +0.4% consensus, prior +0.1%

Retail Sales ex-auto +0.8% vs +0.7% consensus, prior -0.1%

NY Empire State Index 3.8 vs 10.0 consensus, prior 1.9

Darren Wong

Associate Editor

darrenw@tradingmarkets.com