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.
Mixed trading and light volume lead to a limp mid-day level.
The oil and energy sectors are both trading strong; oil is up 1.43% and energy is up 1.12%.
Consumer confidence up from November as more jobs become available and gas prices continue to fall.
Standard & Poor's Reveals Changes To S&P 500 (full story).
NRG Energy (PowerRating) Granted FERC Approval For Proposed Texas Genco Acquisition (full story).
Pinnacle Entertainment (PowerRating) Plans To Apply For Gaming License In Pennsylvania; Sees Investment Of $250 Mln - $400 Mln. (full story).
Per-Se Technologies (PowerRating) Raises Cash Portion Of NDCHealth Merger Deal To $14.05/share (full story).
Shift In Holidays Helps CBRL (PowerRating) Group Dec. Comp. Sales; Q2 Guidance Matches Expectations (full story).
For more stories as they happen, go to our Breaking News section.
| Dow | +30.10 | 10,807.87 |
| NASDAQ | +0.62 | 2,227.51 |
| S&P 500 | +3.01 | 1259.55 |
| NYSE | NASDAQ | |
| Volume | 510,176,000 | 461,804,000 |
| Advances | 1828 | 1318 |
| Declines | 1210 | 1490 |
| Up Volume | 240 | 141 |
| Down Volume | 185 | 249 |
| New Hi's | 45 | 54 |
| New Lo's | 76 | 33 |
|
Strongest Sectors |
Weakest Sectors |
| Oil (CBOE) (OIX | Quote | Chart | News | PowerRating) | North American Telecoms (XTC | Quote | Chart | News | PowerRating) |
| Oil (XOI | Quote | Chart | News | PowerRating) | GSTI Internet Index (GIN | Quote | Chart | News | PowerRating) |
| Oil Service Sector (OSX | Quote | Chart | News | PowerRating) | Semiconductor Sector (SOX | Quote | Chart | News | PowerRating) |
Consumer Confidence Improves Amid Falling Gas Prices (full story).
Mortgage Loan Application Volume Falls (full story)
Mortgage Bankers Association's Weekly Market Index Falls 6.8%; Purchase Index Drops 4.5%, Refi Index Slides 11.2%.
John Patrick Lee