TradingMarkets Mid-Day Movers

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.

The S&P and Nasdaq posting moderate gains so far today; week begins with a follow-through from last week's rally.

Technology and semiconductor indexes lead the sectors while oil and energy lag.

Gold soars as dollar weakens, hits 25 year intra-day high.

GM up 5% after being upgraded by Goldman Sachs; company also unveils new Camaro in Detroit.  GM's (PowerRating).

IBM down 1% after being downgraded by J.P. Morgan. IBM's (PowerRating).

Stocks On The Move

Helen Of Troy (PowerRating) Q3 Profit Falls 27.2% On Lower Revenue And Gross Margin, Sees Q4 EPS Below Estimates, Cuts FY05 EPS Outlook (full story).

Boston (PowerRating) Scientific Q4 Preliminary Sales Decline 3.8% On Lower Stent System Sales (full story).

Vertex Pharmaceuticals (PowerRating) To Focus On Drug Candidate, Proprietary Pipeline In 2006 (full story).

Triad Hospitals (PowerRating) Cuts Q4 EPS Below Estimates, Guides Q4 Revenues Above Consensus, Sees FY06 EPS Below Estimates (full story).

CNOOC (PowerRating) In Deal To Acquire 45% Working Interest In Nigerian Oil-mining License From South Atlantic Petroleum For US$2.268 Bln Cash (full story).

Rogers (PowerRating) Raises Q4 EPS Outlook Above Estimates On Strong DFLX Flexible Keypad Lamp Sales (full story).

Celgene (PowerRating) Sees Promise In Blood Cancer Drug (full story).

Economic News

Get your stocks PowerRatings here.