TradingMarkets Mid-Day Movers

  • February 14, 2007
  • Darren Wong

After seeing some early
strength, the U.S. stock markets have seen some further upside
over the course of morning trading on Wednesday. Some buying
interest has been generated by comments from Federal Reserve
Chairman Ben Bernanke.

In testimony before the
Senate Banking Committee, Bernanke said that the U.S. economy
seems likely to expand at a moderate pace this year and next. He
also said that there are signs that inflation pressures are
easing, although he noted that the Fed remains concerned about
inflation.

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.

Gold for April delivery rose to its
highest level since July currently trading up $7.50 to $676 an
ounce.

Crude for March delivery
is trading lower by $0.77 to $58.29 a barrel after the weekly
crude inventory report showed less than expected drawdowns in
crude supplies.


Stocks in
Motion

Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) Q1 Earnings
Surge, Top Estimates (full
story).  AMAT shares jump 4%.

Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) Q4 Profit Falls 22% On CCE
Impairment Charge; Adj. EPS Beats Estimate; Revenue Up 7%; To Repurchase $2.5
Bln – $3.0 Bln Stock (full
story).  KO shares move lower by 0.8%.

NVIDIA
(
NVDA |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Rise, Beat
Estimates (full
story).  NVDA shares rise by 0.5%.

Deere & Co.
(
DE |
Quote |
Chart |
News |
PowerRating) Q1 Net Income Increases,
Revenues Up 5%; Guides Q2, FY07 (full
story).  DE shares jump over 9%.

Genzyme
(
GENZ |
Quote |
Chart |
News |
PowerRating) Falls To Loss In Q4 On
AnorMED Charges; Adj. Profit Up 29%, EPS Tops Estimates; Revises FY07 EPS
Outlook (full
story).  GENZ shares gain 2.8%.

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

Market Snapshot

Dow

 +81.16 12,736.01

NASDAQ

 +30.72 2,490.60

S&P 500

 +10.79 1,455.05

 

 NYSE NASDAQ

Volume

 1,023,580,000 889,673,000

Advances

 2267 1882

Declines

 790 943

Up Volume

 694 697

Down Volume

 195 104

New Highs

 297 146

New Lows

 12 22



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Nasdaq Telecommunications  Index (IXTCX) Dow Jones Equity REIT  Index (DJR)
Amex Securities Broker/Dealer Index (XBD) Nasdaq Insurance Index (INSR)
Nasdaq Other Finance Index (OFINX) S&P Retail Index (RLX)


Economic
News

The E.I.A. reports
that crude oil inventories had a draw 589K barrels

Business Inventories unchanged vs +0.1%
consensus

Retail Sales ex-auto +0.3% vs +0.4%
consensus, prior +1.0%

Retail Sales unchanged vs +0.3% consensus,
prior +0.9%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com