TradingMarkets Mid-Day Movers

  • February 12, 2007
  • Darren Wong

While selling pressure has
remained subdued, the U.S. stock markets continue to see some
weakness in late-morning trading on Monday. Weakness among
resource stocks is contributing to the losses being shown by the
major averages.

Our
PowerRatings
Heat Maps*
have been pointing towards this breakdown in resource/energy
stocks over the last week.  It will be interesting to see
what signals we get today. 

Click here for a free trial to our PowerRatings Heat Maps.

Crude for March delivery has
fallen in morning trading after Saudi oil minister said OPEC does
not need to continue cutting supply.  Crude is currently down
$1.59 to $58.30 a barrel.

After closing at an 8-month high
last week, gold is giving back some ground currently down $2.80 to
$664.05 an ounce.



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

Four Seasons
(
FS |
Quote |
Chart |
News |
PowerRating) Agrees To Be Taken
Private By CEO Isadore Sharp-led Group For US$82 A Share Cash (full
story).  FS shares fall by 3%.

Vodafone
(
VOD |
Quote |
Chart |
News |
PowerRating) Wins Bidding War To
Acquire Controlling Stake In Hutchison Essar; Intends To Sell Stake In Bharti (full
story).  VOD shares rise by 2%.

Novelis
(
NVL |
Quote |
Chart |
News |
PowerRating) Strikes Deal With Hindalco
For $6 Bln Buy Out Offer (full
story).  NVL shares soar 13.5%.

CNA Financial
(
CNA |
Quote |
Chart |
News |
PowerRating) Swings To Profit In
Q4; Adds Jose Montemayor To Board (full
story).  CNA shares rise 0.3%.

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

Market Snapshot

Dow

 -7.05 12,573.78

NASDAQ

 -8.35 2,451.47

S&P 500

 -2.23 1,435.83

 

 NYSE NASDAQ

Volume

 915,774,000 825,215,000

Advances

 1172 1144

Declines

 1916 1740

Up Volume

 276 217

Down Volume

 534 539

New Highs

 94 91

New Lows

 24 38



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Airline Index (XAL) Dow Jones Equity REIT Index (DJR)
Computer Hardware Index (HWI) Deutsche Bank Energy Index (DXE)
Morgan Stanley Healthcare Providers Index (HMO) CBOE Oil Index (OIX)


Economic
News

No economic
reports released today.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com