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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 indices all trading fractionally lower. Dow is holding 11,000, S&P is down 1.58 at 1292.60 and Nasdaq is down 2.20 at 2329.16.
Downgrades in Coca-Cola and J.P. Morgan lead the markets to slide; analysts agree that future earnings report will make or break this rally.
Crude oil edges towards $65 a barrel on news that Iran continues to pursue nuclear technology.
Gold futures have backed off of their recent highs; demand for gold remains strong on inflation fears and heavy consumption in Asia.
Guidant (GDT | Quote | Chart | News | PowerRating) accepts Johnson&Johnson's (JNJ | Quote | Chart | News | PowerRating) second offer of $23.5 billion. Boston Scientific (BSX | Quote | Chart | News | PowerRating) plans to continue their efforts to buy-out GDT. GDT's (PowerRating). JNJ's (PowerRating). BSX's (PowerRating).
Anheuser-Busch (BUD | Quote | Chart | News | PowerRating) was cut to under-perform from inline by Goldman Sachs. BUD's (PowerRating).
Coca-Cola (KO | Quote | Chart | News | PowerRating) was downgraded to inline from outperform by Goldman Sachs. KO's (PowerRating).
J.P. Morgan Chase (JPM | Quote | Chart | News | PowerRating) was downgraded by Piper Jaffrey to market perform from outperform. JPM's (PowerRating).
AT&T (T | Quote | Chart | News | PowerRating) was upgraded by Prudential to overweight from neutral. AT&T's (PowerRating).
Apple (AAPL | Quote | Chart | News | PowerRating) was upgraded to outperform from peer perform by Bear Stearns. AAPL's (PowerRating).
RadioShack's (RHS | Quote | Chart | News | PowerRating) earnings for 2005 will not reach company's previous target range. RSH's (PowerRating).
For more stories as they happen, go to our Breaking News section.
|
Dow |
-37.22 |
11,006.22 |
|
NASDAQ |
-4.32 |
2,327.04 |
|
S&P 500 |
-2.02 |
1,292.16 |
|
NYSE |
NASDAQ | |
|
Volume |
866,523,000 |
842,163,000 |
|
Advances |
1270 |
1240 |
|
Declines |
1852 |
1555 |
|
Up Volume |
316 |
407 |
|
Down Volume |
438 |
337 |
|
New Hi's |
172 |
133 |
|
New Lo's |
19 |
8 |
|
Strongest Sectors |
Weakest Sectors |
| Oil Index (XOI | Quote | Chart | News | PowerRating) | Airline Index (XAL | Quote | Chart | News | PowerRating) |
| Oil (CBOE) (OIX | Quote | Chart | News | PowerRating) | Networking Index (NWX | Quote | Chart | News | PowerRating) |
| Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) | Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating) |
Trade Deficit Narrows More Than Economists Expected (full story).
Initial Jobless Claims Increase Modestly (full story).
Import Prices Fall Modestly While Export Prices Edge Higher (full story).
John Patrick Lee
johnl@tradingmarkets.com
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