TradingMarkets Mid-Day Movers

  • March 6, 2007
  • Darren Wong

The major averages are currently holding near
their highs of the morning with the Dow gaining triple digits
earlier in the session.  Today’s strong rally extends the
positive move in the Asian markets. 

Crude prices are trading
fractionally higher this morning currently at $60.00 per barrel
despite rising earlier on forecasts for frigid weather throughout
the Northeastern U.S. 
Gold futures are trading higher by 1%
to $644.20 an ounce. 

Some positive regional
factors led to buying and helped the Asian markets to finish in
the green on Tuesday.  Hong Kong’s Hang Seng Index charged
ahead by 2.1%, the Shanghai Composite gained 2%, and Tokyo’s
Nikkei charged higher by 1.22%.

Our

Daily Market Bias page gave us several strong bullish signals
after Monday’s close.  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.



Stocks in
Motion

Bausch & Lomb
(
BOL |
Quote |
Chart |
News |
PowerRating) Sees Lower FY06
Sales, Profit; Guides FY07; Recalls 12 Lots Of ReNu MultiPlus Lens Care Solution
(full
story).  BOL shares rise by 2.25%.

Finisar
(
FNSR |
Quote |
Chart |
News |
PowerRating) Reports Q3 Preliminary
Revenue Below Prior Forecast, Says Unable To Complete Stock Option Review In
Time (full
story).  FNSR shares gain 2.3%.

Maidenform Brands
(
MFB |
Quote |
Chart |
News |
PowerRating) Posts Q4 Profit
On Higher Revenues (full
story).  MFB shares jump by 9%.

Iconix Brand
(
ICON |
Quote |
Chart |
News |
PowerRating) Q4 Profit Up 18%;
EPS Matches Estimate; Boosts FY07 EPS View (full
story).  ICON shares lose 5.6%.

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

Market Snapshot

Dow

 +89.64 12,140.05

NASDAQ

 +28.69 2,368.96

S&P 500

 +13.16 1,387.28

 

 NYSE NASDAQ

Volume

 1,442,465,000 909,927,000

Advances

 2505 2180

Declines

 608 693

Up Volume

 1067 755

Down Volume

 216 84

New Highs

 39 41

New Lows

 28 53



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Gold Bugs Index (HUI) Amex Airline Index (XAL)
Dow Jones Equity REIT Index (DJR) Morgan Stanley Healthcare Providers Index (RXH)
Nasdaq Other Finance Index (OFINX) S&P Insurance Index (IUX)


Economic
News

January Factory Orders -5.6% vs
-4.0% consensus

Productivity- rev +1.6% vs +1.7%
consensus; Productivity- prelim reported on Feb 7th was 3.0%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com