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TradingMarkets Mid-Day Movers

By John Patrick Lee | TradingMarkets.com
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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.


Dow slides below 11,000 mark as weak earnings from Alcoa lead the fall away from gains made yesterday.

Alcoa (AA | Quote | Chart | News | PowerRating) kicks off the season with weaker than expected earnings, citing strikes and restructuring costs.  AA is down over 5% at 28.85.  AA's (PowerRating).

Gold trading slightly lower after Monday's 25 year closing high.

Oil and energy lead the sectors as crude prices rise; Iran's resumption of nuclear research and China's interest in building a strategic oil reserve cited as major concerns.

Stocks On The Move

Phelps Dodge Cp (PD | Quote | Chart | News | PowerRating) down 6% after lowering quarterly outlook. PD's (PowerRating).

Home Depot (HD | Quote | Chart | News | PowerRating) To Acquire Hughes Supply For $3.47 Bln; Expects Deal To Be Accretive To First Year EPS.  HD's (PowerRating).

Tiffany (TIF | Quote | Chart | News | PowerRating) Narrows FY05 EPS Outlook Below Estimates, Worldwide Comps Rises In Holiday Season, Guides FY06 EPS Below Consensus.  TIF's (PowerRating).

Red Robin (RRGB | Quote | Chart | News | PowerRating) Cuts Q4 & FY05 EPS, Revenue Guidance Below Analysts' Forecast On Lower-than-expected Same Store Sales And Higher Operating Expenses.  RRGB's (PowerRating).

AmerisourceBergen (ABC | Quote | Chart | News | PowerRating) Backs Q1 And FY06 EPS Outlook, Lifts FY06 Operating Revenue Growth, Buys Network For Medical Communications & Research For $90 Mln.  ABC'S (PowerRating).

Another Blowout Quarter Expected From Genentech (DNA | Quote | Chart | News | PowerRating) On Blockbuster Drugs Sales.  DNA's (PowerRating).
 

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

Dow -26.41 10,985.49
NASDAQ -6.04 2,312.65
S&P 500 -3.42 1,286.74
NYSE NASDAQ
Volume 970,355,000 807,339,000
Advances 1309 1307
Declines 1829 1534
Up Volume 300 333
Down Volume 555 407
New Hi's 154 125
New Lo's 16 18

Strongest Sectors

Weakest Sectors

Oil Service Sector (OSX | Quote | Chart | News | PowerRating) Morgan Stanley Health Provider (RXH | Quote | Chart | News | PowerRating)
Oil Index (XOI | Quote | Chart | News | PowerRating) Airline (XAL | Quote | Chart | News | PowerRating)
Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) Pharmaceutical (DRG | Quote | Chart | News | PowerRating)

Economic News

Wholesale Inventories Rise Slightly Less Than Expected (full story).

Canadian Housing Starts Rose 1.2% In December (full story).

John Patrick Lee
johnl@tradingmarkets.com

Get your stocks PowerRatings here.


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