TradingMarkets just released a proprietary stock rating method called PowerRatings. This method ranks stocks 1-10 and the higher the rating, the greater the one-week historical gain has been.
PowerRatings were created by Cesar Alvarez, Director of Research for Connors Capital, LLC. Cesar looked back at more than 5.5 million trades between Jan 1, 1995 and Dec 1, 2005. The results are based on the average 5-day performance.
To find out more about PowerRatings click here.
Major indices trading fractionally lower with solid volume on first trading day of the year.
Manufacturing growth slows by largest percentage since July 2002; numbers level off after hurricanes sparked surge in restocking and inventories.
Energy and oil lead sectors; driven by the rise in price of crude oil.
IMAX (PowerRating) Signs Deal To Install MPX Theatre System In China's Yunnan Province (full story).
Peter Kosann Takes Up Westwood One's (PowerRating) Mantle; Named President & CEO, Elected To Board (full story).
Pilgrim's Pride (PowerRating) Shares Plummet On Cut In Q1 Guidance Due To Lower Than Expected Results And Price Realization (full story).
Syneron Medical's (PowerRating) Preliminary Q4 Revenues $24 Mln, Ex. $3-4 Mln On Logistical Holiday Limitations (full story).
Walgreen (PowerRating) Posts Record Q1 Earnings; Sales Rise On A Surge In Generic And Prescription Drugs (full story).
For more stories as they happen, go to our Breaking News section.
| Dow | -10.25 | 10,707.25 |
| NASDAQ | -6.61 | 2,198.71 |
| S&P 500 | +1.02 | 1249.31 |
| NYSE | NASDAQ | |
| Volume | 821,933,000 | 682,943,000 |
| Advances | 1533 | 1088 |
| Declines | 1607 | 1815 |
| Up Volume | 346 | 272 |
| Down Volume | 354 | 344 |
| New Hi's | 122 | 69 |
| New Lo's | 46 | 35 |
|
Strongest Sectors |
Weakest Sectors |
| Oil Index (XOI | Quote | Chart | News | PowerRating) | CBOE Internet Index (INX | Quote | Chart | News | PowerRating) |
| Oil (CBOE) (OIX | Quote | Chart | News | PowerRating) | Nasdaq Combined Finance (OFINX | Quote | Chart | News | PowerRating) |
| Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) | GSTI Internet (GIN | Quote | Chart | News | PowerRating) |
Growth In The Manufacturing Sector Slows More Than Expected (full story).
Construction Spending Rises Less Than Expected In November (full story)
John Patrick Lee
johnl@tradingmarkets.com