TradingMarkets Mid-Day Movers

  • May 2, 2007
  • Darren Wong

Bulls continued to buy today after factory orders
data showed the highest gains in a year.  News Corp.’s $5
billion bid for Dow Jones continues to bolster the markets as
well.  

June crude futures are down
1.3% to $63.59 per barrel after the Energy Department’s weekly
inventory report showed an increase in fuel output by refiners. 
June gold futures are down 0.8% to $672.10.

Around Asia, Tokyo’s Nikkei gained
0.7% to close at 17,394.92 and Hong Kong’s Hang Seng Index added
0.3% to 20,388.49.

Today‘s

PowerRatings Heat Map is starting to become more bullish across many
sectors.  The sector with the highest amount of high PowerRatings stocks is
the Metals and Mining sector.


Stocks in
Motion

Sprint Nextel
(
S |
Quote |
Chart |
News |
PowerRating) Slides To Loss In Q1 On Higher
Investments, Subscriber Losses; Reiterates FY07 Outlook (full
story).  S shares add nearly 3% in early trading.

MasterCard
(
MA |
Quote |
Chart |
News |
PowerRating) Q1 Profit Surges 70% On Strong
Transactions Number (full
story).  MA shares soar by 11%.

Biogen Idec
(
BIIB |
Quote |
Chart |
News |
PowerRating) Q1 Profit Up On Higher Drug
Sales; Misses Street View; Backs 2007 Forecast (full
story).  BIIB shares are trading flat through the morning.

Nortel
(
NT |
Quote |
Chart |
News |
PowerRating) Boosts Q1 Revenue Outlook, Maintains
FY07 Revenue Forecast; Appoints David Drinkwater As Interim CFO (full
story).  NT shares rise over 7%.

Yum! Brands
(
YUM |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top Estimates;
Boosts FY07 Earnings (full
story).  YUM shares add nearly 8%.

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

Market Snapshot

Dow

 +80.45 13,216.59

NASDAQ

 +23.04 2,554.57

S&P 500

 +9.78 1,496.08

 

 NYSE NASDAQ

Volume

 1,340,006,000 858,406,000

Advances

 2360 2030

Declines

 725 845

Up Volume

 969 649

Down Volume

 211 133

New Highs

 157 115

New Lows

 13 39


   



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Morgan Stanley Healthcare Payors Index (HMO) Morgan Stanley Healthcare Products Index (RXP)
GSTI Multimedia Networking Index (GIP) GSTI Hardware Index (GHA)
Amex Airline Index (XAL) Morgan Stanley Healthcare Providers Index (RXH)


Economic
News

The EIA’s weekly
crude inventory report showed a build of 1.17 million barrels.

Factory Orders 3.1% vs 2.1% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com