TradingMarkets Mid-Day Movers

  • May 1, 2007
  • Darren Wong

The major indices are mixed in early trading. 
This morning’s ISM manufacturing report showed an expansion in the
sector, while the Pending Home Sales report for March came in 4.9%
lower than a year ago.

June crude futures are
fractionally lower this morning to $65.64 a barrel. 
June gold futures fell 1% to $677 an ounce in early trading.

Around Asia, Tokyo’s Nikkei Index fell
0.7% to 17,274.98, Hong Kong’s Hang Seng Index lost 1% to
20,318.98, and Shanghai’s Composite gained 2.2% to 3,841.27.

Today‘s

PowerRatings Heat Map is beginning to show minor pockets of
bullish price action across the map after Monday’s pullback. 
The Electronics and Drug sectors are continuing to display an
interesting divergence between high PowerRatings stocks and low
PowerRatings stocks.


Stocks in
Motion

Archer Daniels Midland
(
ADM |
Quote |
Chart |
News |
PowerRating) Q3 Profit Rises 4%; Top
Line Grows 25% (full
story).  ADM shares are down 6.4%.

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) Wins Patent Infringement Lawsuit Against AT&T (full
story).  MSFT shares rise by 1%, T shares add 0.6%.

Sirius
(
SIRI |
Quote |
Chart |
News |
PowerRating) Q1 Revenue Growth Props Up Bottom
Line Results, But Fails To Beat Estimate (full
story).  SIRI shares are down 0.7%.

Circuit City
(
CC |
Quote |
Chart |
News |
PowerRating) Plunges As It Withdraws H1’08
Outlook On Weak Sales Trend (full
story).  CC shares drop 7.3%.

Automatic Data Processing
(
ADP |
Quote |
Chart |
News |
PowerRating) Q3 Profit Rises;
Revenue Up 14% (full
story).  ADP shares rise by 3%.

Under Armour
(
UA |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises 14% On Higher Top
Line Results; EPS Matches Estimate; Guides Q2 EPS; Backs FY07 View (full
story).  UA shares lose 7.3%.

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

Market Snapshot

Dow

 +35.27 13,098.18

NASDAQ

 -2.75 2,522.34

S&P 500

 +0.50 1,482.87

 

 NYSE NASDAQ

Volume

 1,348,834,000 1,005,323,000

Advances

 1302 1139

Declines

 1718 1770

Up Volume

 478 301

Down Volume

 712 621

New Highs

 75 82

New Lows

 35 79



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Morgan Stanley Healthcare Products Index (RXP) Amex Airline Index (XAL)
Amex Natural Gas Index (XNG) Amex Gold Bugs Index (HUI)
Amex Oil Index (XOI) S&P Chemicals Index (CEX)


Economic
News

ISM Index 54.7 vs
51.0 consensus

Pending Home Sales -4.9% vs +0.4%
consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com