TradingMarkets Mid-Day Movers
The U.S. markets are seeing profit taking after this week’s
gains and selling due to a drop in existing home sales. The major indices
are trading lower by 0.3%. One of the bright spots today was eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating),
which reported earnings after yesterday’s close. EBAY shares are currently
higher by 10%.
Crude oil has been holding steady through the morning session
currently trading fractionally lower at $55.07 per barrel. Gold prices
rose to a 5-month high on increasing investment demand. Gold for February
delivery is currently up 0.6% to $658.60 an ounce.
From
our new PowerRatings
Heat Maps*,
the overall stock market has
been displaying price action that has historically led to weakness, with the
energy sector looking particularly vulnerable. Some of the lowest energy related
PowerRatings stocks over the past few days has been BJ Services
(
BJS |
Quote |
Chart |
News |
PowerRating)
and Grant PrideCo
(
GRP |
Quote |
Chart |
News |
PowerRating), which are trading lower by 3.1% and 2.5%
respectively.
Stocks on the Move
EBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Rise, Top Estimates; Guides FY07 EPS
Above Consensus; Reveals $2 Bln Additional Share Buyback (full
story). EBAY shares rise by 10% through the morning.
St. Jude Medical
(
STJ |
Quote |
Chart |
News |
PowerRating) Q4 Profit Soars On Higher Revenues; Absence
Of Charges; Guides Q1, FY07; Authorizes Share Buyback Program (full
story). STJ shares rise by nearly 5%.
Cardinal Health
(
CAH |
Quote |
Chart |
News |
PowerRating) Q2 Profit More Than Doubles; Backs FY07 Adj.
EPS View; To Sell PTS Unit To Blackstone For About $3.3 Bln In Cash (full
story). CAH shares gain 4%.
Textron
(
TXT |
Quote |
Chart |
News |
PowerRating) Q4 Profit Up 65%, EPS From Cont. Operations Tops
Consensus; Sees Q1 & FY07 EPS Below Analysts’ View (full
story). TXT shares lose 3.8%.
Netflix
(
NFLX |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Decline, Yet EPS Beats View (full
story). NFLX shares gain 1%.
Symantec
(
SYMC |
Quote |
Chart |
News |
PowerRating) Q3 Profit Rises 25%, Revenues Up, Reaffirms Q4,
FY07 Outlook, Mulls Cost Cutting Plans, Board Approves $1 Bln Share Buy Back
Program (full
story). SYMC shares gain 4.75%.
For more stories as they happen, go to our
Breaking News section.
Market Snapshot
|
Dow | -37.09 | 12,584.68 |
| NASDAQ | -10.16 | 2,456.12 |
|
S&P 500 | -5.27 | 1,434.86 |
|
NYSE |
| |
|
Volume | 1,275,477,000 | 930,342,000 |
|
| 1041 | 1057 |
|
Declines | 2057 | 1776 |
|
Up Volume | 516 | 431 |
|
Down Volume | 630 | 417 |
|
New Highs | 220 | 93 |
|
| 17 | 25 |
Strongest/Weakest Sectors
| Strongest Sectors | Weakest Sectors |
|
GSTI Semiconductor Index (GSM) | Nasdaq Other Finance Index (OFINX) |
Dow Jones Equity REIT Index (DJR) | Nasdaq Transportation Index (TRANX) |
CBOE Technology Index (TXX) | Amex Securities Broker Dealer Index (XBD) |
Economic News
Natural Gas Inventory fell 179 bcf to 2757 bcf
Help Wanted Index 33 vs 31 consensus
Help Wanted Index 33 vs 31 consensus
Darren Wong
darrenw@tradingmarkets.com
P.S.
Click here to use PowerRatings to identify stocks that could potentially
move higher in the next few days.
* PowerRatings Heat Maps is a powerful tool, which can help you make sense of
the markets in an instant. For a free trial to PowerRatings Heat Maps
click
here.Â