TradingMarkets Mid-Day Movers

  • March 13, 2007
  • Darren Wong

U.S. stocks are trading lower due
to ongoing subprime lending concerns.  Stocks in the subprime
sector are being led to the downside by Accredited Home Lenders

(
LEND |
Quote |
Chart |
News |
PowerRating), which is trading lower by 56.5% in early trading.  

Crude for April delivery is
trading higher by 1.5% to $59.82 a barrel.  Gold futures
are also moving higher currently up rose 0.2% to $651.70 an ounce.

Asian markets finished
Tuesday’s session mixed.  The Shanghai Composite gained 0.3%,
while the Hang Seng and Nikkei both lost over 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 making a watch list. 



Stocks in
Motion

Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) Raises Q2 Outlook On
Higher Shipments Of Chips, CDMA Units; Increases Quarterly Cash Dividend (full
story).  QCOM shares jump nearly 5%.

Goldman Sachs
(
GS |
Quote |
Chart |
News |
PowerRating) Q1 Profit Soars 29% On
Top Line Growth; EPS Tops Estimate (full
story).  GS shares rise by 1.6%.

Viacom
(
VIA |
Quote |
Chart |
News |
PowerRating) Drags YouTube, Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) To Court For Copyright Violation; Seeks Damages In Excess Of $1 Bln
(full
story).  GOOG shares lose 1.2%, while VIA shares gain 1.4%.

Accredited Home Lenders
(
LEND |
Quote |
Chart |
News |
PowerRating) Plans
Addl. Capital Raising And Workforce Reductions; To Delay Filing Of Form 10-K (full
story).  LEND shares drop by 56.5% in early trading.

Texas Instruments
(
TXN |
Quote |
Chart |
News |
PowerRating) Tightens Q1 EPS,
Revenue Guidance; Midpoint Unchanged (full
story).  TXN shares lose 1.7%.

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

Market Snapshot

Dow

 -57.12 12,261.50

NASDAQ

 -12.64 2,389.65

S&P 500

 -5.19 1,401.41

 

 NYSE NASDAQ

Volume

 1,093,222,000 653,715,000

Advances

 1043 903

Declines

 2006 1909

Up Volume

 346 206

Down Volume

 595 383

New Highs

 64 52

New Lows

 42 60



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Oil Index (XOI) Amex Securities Broker/Dealer Index (XBD)
Deutsche Bank Energy Index (DXE) Nasdaq Financial 100 Index (IXF)
Amex Natural Gas Index (XNG) Nasdaq Other Finance Index (OFINX)


Economic
News

Business Inventories +0.2% vs
+0.2% consensus

Retail Sales +0.1% vs +0.3%
consensus

Retail Sales ex-auto -0.1% vs +0.3% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com