TradingMarkets Mid-Day Movers

  • March 15, 2007
  • Darren Wong

U.S. stocks move higher despite
economic data pointing to slowing economic growth and rising
inflation. Today’s PPI report came in at 1.3% vs. the expected
increase of 0.5%. 

Crude for April delivery is
trading fractionally higher by
0.2% to $58.27 a barrel on the New York Mercantile Exchange. 
OPEC ministers met today in Vienna and agreed to maintain current
production targets.  Gold futures
moved higher by 1% to $649.00 an
ounce.

Asian markets moved higher as
bargain hunters stepped in after Tuesday’s sharp declines. 
Gains were made across the board with the Shanghai Composite, Hang
Seng, and Nikkei all up over 1%.

Our

Daily Market Bias page has been updated with new indicators to
determine if there is a strong bias for the market to move higher
(or lower) the following day.  These tables can help you to
pinpoint market conditions that have historically led to
significant up or down moves over the next 1 to 5 days. 

Click here for more information on our Daily Market Bias
indicators.



Stocks in
Motion

Hot Topic
(
HOTT |
Quote |
Chart |
News |
PowerRating) Q4 Profit Falls 16% (full
story).  HOTT shares fall 6% in early trading.

Zumiez
(
ZUMZ |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Up 70%, Beat
Estimate; Guides FY07 Above Consensus (full
story).  ZUMZ shares jump nearly 10%.

Winnebago
(
WGO |
Quote |
Chart |
News |
PowerRating) Q2 Profit Slips On
Lower Revenues, Volume; EPS Rises 4%, Tops Street View By A Penny (full
story).  WGO shares rise by 9.3%.

Scientific Games
(
SGMS |
Quote |
Chart |
News |
PowerRating) Sells Racing
Communications Business To Roberts Communications Network (full
story).  SGMS shares rise by 1.2%.

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

Market Snapshot

Dow

 +30.93 12,164.33

NASDAQ

 +4.53 2,376.27

S&P 500

 +5.83 1,393.00

 

 NYSE NASDAQ

Volume

 1,112,149,000 657,758,000

Advances

 2199 1732

Declines

 903 1072

Up Volume

 749 334

Down Volume

 238 238

New Highs

 55 54

New Lows

 18 37



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Gold Bugs Index (HUI) Amex Computer Technology Index (XCI)
Amex Airline Index (XAL) Nasdaq Computer Index (IXCOX)
S&P Chemicals Index (CEX) Amex Pharmaceutical Index (DRG)


Economic
News

Net Foreign Purchases $97.4 bln
vs $60.0 bln consensus, prior $15.6 bln

Core PPI m/m
+0.4% vs +0.2% consensus

PPI m/m +1.3% vs +0.5% consensus

Initial Claims 318K vs 325K consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com