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 remain largely unchanged, still holding onto gains made on Tuesday.
Apparel retailers post moderate December sales. Teen clothiers Aeropostale, American Eagle Outfitters, and Abercrombie & Fitch lead the field, while Wal-Mart struggles with a lackluster December performance.
Jobless claims fall more than expected; Fed minutes hint that US might be at full employment.
Technology indexes leading the sectors; oil is at the bottom of the barrel and airlines remain unchanged.
US Airways (PowerRating) Lowers Traveling Fares (full story).
Wal-Mart (PowerRating) comps rose 2.2%, the smallest December gain in 5 years. For Q4, the company sees earnings coming in at the low end of guidance.
Payless ShoeSource (PowerRating) December Same Store Sales Declines 1.5% (full story).
XM Satellite Radio
(PowerRating) reported it has over 6 million subscribers and that it expects to have over 9 million by the end of the year.SIRIUS Satellite Radio (PowerRating) Subscriber Base Reaches 3.32 Mln In 2005; Expects Over 6 Mln Subscribers By 2006 End (full story).
Boeing
(PowerRating)
Reports More Than 1,000 Net Commercial Airplane
Orders For 2005 (full
story).
For more stories as they happen, go to our Breaking News section.
| Dow | +2.40 | 10,882.55 |
| NASDAQ | +9.89 | 2,273.35 |
| S&P 500 | +0.01 | 1,273.47 |
| NYSE | NASDAQ | |
| Volume | 943,303,000 | 804,688,000 |
| Advances | 1534 | 1424 |
| Declines | 1550 | 1345 |
| Up Volume | 430 | 555 |
| Down Volume | 392 | 171 |
| New Hi's | 134 | 106 |
| New Lo's | 24 | 20 |
|
Strongest Sectors |
Weakest Sectors |
| GSTI Multimedia Networking (GIP | Quote | Chart | News | PowerRating) | Oil (XOI | Quote | Chart | News | PowerRating) |
| Technology (TXX | Quote | Chart | News | PowerRating) | Utility Sector (UTY | Quote | Chart | News | PowerRating) |
| Thestreet.com Internet (DOT | Quote | Chart | News | PowerRating) | Combined Insurance (INSRX | Quote | Chart | News | PowerRating) |
Crude Oil Inventories Slide In Most Recent Week (full story).
Service Sector Grows Faster Than Expected In December (full story).
Jobless Claims Fall More Than Economists Had Expected (full story).
John Patrick Lee
johnl@tradingmarkets.com