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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.


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).

Stocks On The Move

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)

Economic News

Oil Inventories Drop; Gasoline And Distillate Inventories Rise (full story).

John Patrick Lee
johnl@tradingmarkets.com

Get your stocks PowerRatings here.


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