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 indexes showing fractional gains and losses.
The S&P and Nasdaq are trading just above the open, while the Dow hovers at the 11,000 mark.
Dupont (DD | Quote | Chart | News | PowerRating) lowered fourth quarter earnings estimates, citing hurricanes, power disruptions, and unexpected overseas problems as the major forces behind the slip. DD is trading down over 3%. DD's (PowerRating).
EIA reports that US crude supplies declined more than expected; oil and energy dropped heavily on the news but have rebounded to only fractional losses.
Johnson&Johnson (JNJ | Quote | Chart | News | PowerRating) plans to up bid to buy Guidant (GDT | Quote | Chart | News | PowerRating). GDT currently favors Boston Scientific's (BSX | Quote | Chart | News | PowerRating) bid, which was higher than JNJ's original offer. JNJ's (PowerRating). GDT's (PowerRating). BSX's (PowerRating).
Infosys (INFY | Quote | Chart | News | PowerRating) Q3 Earnings Per ADS Misses Consensus By A Penny, Revenues Rise 32.2%; Sees Q4 Earnings In Line Or Below Estimate. INFY'S (PowerRating).
M&T (MTB | Quote | Chart | News | PowerRating) Bank Q4 Profit Rises 7% On Improved Credit Quality Ad Cost Controls MTB's (PowerRating).
OSI Pharmaceuticals (OSIP | Quote | Chart | News | PowerRating) Q4 Tarceva Sales Up 15%. OSIP's (PowerRating).
Regis (RGS | Quote | Chart | News | PowerRating) Q2 Comp. Up 1.2%;
Consolidate Revenues Rise 13% But Misses Consensus. RGS's
(PowerRating).
For more stories as they happen, go to our Breaking News section.
| Dow | -2.64 | 11,008.94 |
| NASDAQ | +2.97 | 2,323.29 |
| S&P 500 | +1.35 | 1,291.04 |
| NYSE | NASDAQ | |
| Volume | 942,108,000 | 1,037,112,000 |
| Advances | 1533 | 1243 |
| Declines | 1542 | 1589 |
| Up Volume | 422 | 567 |
| Down Volume | 395 | 355 |
| New Hi's | 206 | 163 |
| New Lo's | 27 | 13 |
|
Strongest Sectors |
Weakest Sectors |
| Computer Hardware (HWI | Quote | Chart | News | PowerRating) | Airline (XAL | Quote | Chart | News | PowerRating) |
| GSTI Hardware (GHA | Quote | Chart | News | PowerRating) | GSTI Internet (GIN | Quote | Chart | News | PowerRating) |
| Securities Broker Dealer (XBD | Quote | Chart | News | PowerRating) | S&P Chemical (CEX | Quote | Chart | News | PowerRating) |
Oil Inventories Drop; Gasoline And Distillate Inventories Rise (full story).
John Patrick Lee
johnl@tradingmarkets.com