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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.
Stocks started the day with a hint of holiday optimism, but as the day progresses, the major averages continue to fall.
Oil and natural gas prices continue to fall, as do related energy stocks. Oil service sector is down 3.3% and natural gas is down 2.9%.
The airline industry is moving sideways, fighting the overall decline in the market. This sector is showing gains of 3%.
Applied Biosystems (PowerRating) To Buy Ambion's Research Products Unit For $273 Mln, Deal To Close In Q1, Expects Accretion To Non-GAAP EPS Slightly In FY07 (full story).
Overstock.com (PowerRating) Reports Slower Holiday Sales; Expects Lower Profit For 2005 (full story).
Guidant (PowerRating) Receives Warning Letter From FDA Regarding Cardiac Rhythm Management Facility (full story).
Boston Scientific (PowerRating) To Proceed With $25 Bln Acquisition Offer Of Guidant (full story).
For more stories as they happen, go to our Breaking News section.
| Dow | -4746 | 10,835.81 |
| NASDAQ | -16.76 | 2,232.66 |
| S&P 500 | -7.35 | 1261.31 |
| NYSE | NASDAQ | |
| Volume | 685,364,000 | 607,891,000 |
| Advances | 1412 | 999 |
| Declines | 1748 | 1928 |
| Up Volume | 232 | 214 |
| Down Volume | 363 | 316 |
| New Hi's | 116 | 104 |
| New Lo's | 55 | 32 |
|
Strongest Sectors |
Weakest Sectors |
| Airline (XAL | Quote | Chart | News | PowerRating) | Oil Services (OSX | Quote | Chart | News | PowerRating) |
| S&P Banks Index (BIX | Quote | Chart | News | PowerRating) | Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) |
| Computer Hardware Index (HWI | Quote | Chart | News | PowerRating) | Oil Index (OIX | Quote | Chart | News | PowerRating) |
No major economic news to report at this time.
John Patrick Lee
johnl@tradingmarkets.com
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