TradingMarkets Mid-Day Movers

  • March 7, 2007
  • Darren Wong

Momentum from yesterday’s huge
rally is not carrying through this morning as the U.S. indices are
trading moderately lower. 

Crude prices continue to
move higher as supplies of crude continue to drop.  The
Energy Department reported a 4.84 million barrel drop in
inventories this morning.  Crude is currently up by 1.6% to
$61.68 per barrel. 
Gold futures are trading higher
currently up 0.5% to $649.70 an ounce.

Asian stocks finished mixed in
Wednesday’s session with the Shanghai Composite finishing up
nearly 2%, Hong Kong’s Hang Seng down 0.7%, and Tokyo’s Nikkei 225
index down 0.5%.



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 creating a watch list. 



Stocks in
Motion

Saks
(
SKS |
Quote |
Chart |
News |
PowerRating) Swings To Profit In Q4 On
Higher Revenues; Feb Comp. Store Sales Surge 24.7% (full
story).  SKS shares jump 5% in early trading.

American Eagle Outfitters
(
AEOS |
Quote |
Chart |
News |
PowerRating) Q4
Profit Rises 40%; EPS Matches Estimate; Feb. Comp. Up 6% (full
story).  AEOS shares drop by 4.4%.

BJ’s Wholesale Club
(
BJ |
Quote |
Chart |
News |
PowerRating) Q4 Profit
Declines On Restructuring Expenses, Revenues Increase; February Comp. Sales Up
3% (full
story).  BJ shares rise by 1%.

Piedmont Natural Gas
(
PNY |
Quote |
Chart |
News |
PowerRating) Q1 Profit
Falls 2%, EPS Misses Estimates, Revenue Drops 26%, Reaffirms FY07 EPS Outlook (full
story).  PNY shares fall by 0.4%.

Chico’s
(
CHS |
Quote |
Chart |
News |
PowerRating) Q4 Profit Falls 59% (full
story).  CHS shares soar by 10%.

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

Market Snapshot

Dow

 -15.62 12,191.97

NASDAQ

 -12.42 2,372.72

S&P 500

 -3.46 1,391.95

 

 NYSE NASDAQ

Volume

 1,274,354,000 733,867,000

Advances

 1462 1079

Declines

 1600 1767

Up Volume

 532 200

Down Volume

 577 468

New Highs

 39 48

New Lows

 23 35



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Natural Gas Index (XNG) Amex Airline Index (XAL)
Deutsche Bank Energy Index (DXE) Morgan Stanley Healthcare Payors Index (HMO)
Amex Gold Bugs Index (HUI) Dow Jones Equity REIT Index (DJR)


Economic
News

The E.I.A. reports that crude
oil inventories had a draw 4.84 mln barrels

Darren Wong

Associate Editor

darrenw@tradingmarkets.com