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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.


The major averages showing fractional change with light volume.  Christmas time!

In the Treasuries, the short end of the yield curve has inverted with two year yields above five year yields.  Also, the long end is close to inversion.   

Energy prices also falling today, as expectations for warm weather drive demand for crude oil and natural gas down.

Stocks On The Move

Albertson's (PowerRating) (ABS | Quote | Chart | News | PowerRating) Spurns Buyout Bid; Plans Instead To Sell Under Performing Assets Piecemeal (full story).

Best Buy Co. (PowerRating) (BBY | Quote | Chart | News | PowerRating) Buys Pacific Sales Kitchen And Bath Centers In $410 Mln Deal (full story).

Wal-Mart (PowerRating) (WMT | Quote | Chart | News | PowerRating) To Appeal Jury Verdict In Meals Break Case; Brings To Its Support Another Ruling (full story).

Tommy Hilfiger  (PowerRating) (TOM | Quote | Chart | News | PowerRating) Agrees To Be Purchased By Apax For $1.6 Billion (full story).

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

Dow -4.73 10,8884.71
NASDAQ +1.43 2247.92
S&P 500 -0.79 1267.33
NYSE NASDAQ
Volume 541,803,000 412,140,000
Advances 1778 1335
Declines 1253 1420
Up Volume 222 200
Down Volume 245 167
New Hi's 88 90
New Lo's 39 19

Strongest Sectors

Weakest Sectors

Airline Index (XAL | Quote | Chart | News | PowerRating) Oil Service Sector (OSX | Quote | Chart | News | PowerRating)
Networking Index (NWX | Quote | Chart | News | PowerRating) Natural Gas (XNG | Quote | Chart | News | PowerRating)
Dow Jones Internet Commerce (ECM | Quote | Chart | News | PowerRating) Deutsche Band Energy (DXE | Quote | Chart | News | PowerRating)

Economic News

Durable Goods Orders Up 4.4% For Nov., Ex.-Trans Down 0.6% (full story).

New Home Sales Down 11.3% In Nov. To Rate Of 1.245 Mln. Units (full story).

U. Of Mich. Consumer Sentiment Index At 91.5 For Dec.

John Patrick Lee
johnl@tradingmarkets.com

Get your stocks PowerRatings here.


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