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 averages remain calm before the New Year.
Retailers receive boost from solid merchandise margin and increase in gift card purchases.
Higher mortgage interest rates lead to a decline in the sales of previously owned homes.
McDermott (PowerRating) Says Bankruptcy Court Recommends OK Of Babcock & Wilcox Reorganization Plan (full story).
Luby's (PowerRating) Swings To Profit In Q1; Reports 6.9% Rise In Same Store Sales (full story).
Christopher & Banks (PowerRating) Dec. Comps. Rise 2%; Total Sales Up 8% (full story).
Bombardier Bags US$290 Mln Order From Spanish National Railways (full story).
For more stories as they happen, go to our Breaking News section.
| Dow | +17.85 | 10,814.11 |
| NASDAQ | -0.25 | 2,228.69 |
| S&P 500 | +1.49 | 1259.66 |
| NYSE | NASDAQ | |
| Volume | 483,196,000 | 422,996,000 |
| Advances | 1730 | 1397 |
| Declines | 1302 | 1423 |
| Up Volume | 241 | 196 |
| Down Volume | 172 | 158 |
| New Hi's | 53 | 52 |
| New Lo's | 54 | 42 |
|
Strongest Sectors |
Weakest Sectors |
| Gold and Silver Sector (XAU | Quote | Chart | News | PowerRating) | Down Jones Equity REIT (DJR | Quote | Chart | News | PowerRating) |
| Oil (CBOE) (OIX | Quote | Chart | News | PowerRating) | Technology (TXX | Quote | Chart | News | PowerRating) |
| S&P Insurance Index (IUX | Quote | Chart | News | PowerRating) | Computer Technology (XCI | Quote | Chart | News | PowerRating) |
Jobless Claims Rise Slightly Less Than Expected (full story).
Existing Home Sales Fall Slightly More Than Expected (full story).
Crude Oil Inventories Tick Up (full story).
Chicago PMI At 61.5 For Dec.
John Patrick Lee