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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.
Markets trading slightly lower with light volume on last trading day before New Year.
Inverted yield curve making some investors wary; an inverted curve has presaged the past four recessions.
The Dow is trading at 10730.83, setting up a loss for the year.
Crude oil is down 37 cents to 59.95 on the NYMEX, while Gold futures rose 1.20 to 518.70 on the Comex division of the Nymex.
Omni-Lite To Buy Two More Progressive Forging Systems For Approx. US$800 Thousand; Co. Receives Automotive Contract Worth US$50 Thousand (full story).
Taseko Mines Reveals Profit For Full Year (full story).
Crystallex (PowerRating) Acquires Minority Interests In 2 Vengroup Cos For US$6.6 Mln; Settles Vengroup Arbitration (full story).
MarineMax (PowerRating) To Acquire Assets And Real Estate Of Port Arrowhead Group For $27.5 Mln In Cash And Working Capital Adjustments (full story).
Dana (PowerRating) Completes Restatement For First Two Quarters Of 2005, Full Year 2004, Prior Years (full story).
Endesa (PowerRating) To Sell Remaining 5.01% Stake In France Telecom Operadores De Telecomunicaciones For Euro 377.9 Mln (full story)
GlobeTel Communications Says It Will Install $600 Mln. WiMax Wireless Network In 30 Russian Cities.
St Andrew Goldfields Executes Definitive Deal With Kinross Gold Corp. To Buy Aquarius Gold Deposit.
For more stories as they happen, go to our Breaking News section.
| Dow | -55.71 | 10,729.11 |
| NASDAQ | -14.96 | 2,203.20 |
| S&P 500 | -6.58 | 1,247.84 |
| NYSE | NASDAQ | |
| Volume | 413,027,000 | 392,041,000 |
| Advances | 831 | 770 |
| Declines | 2187 | 2015 |
| Up Volume | 61 | 46 |
| Down Volume | 275 | 296 |
| New Hi's | 48 | 50 |
| New Lo's | 72 | 56 |
|
Strongest Sectors |
Weakest Sectors |
| Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) | Airline Index (HWI | Quote | Chart | News | PowerRating) |
| S&P Retail Index (RLX | Quote | Chart | News | PowerRating) | Networking (NWX | Quote | Chart | News | PowerRating) |
| Oil Index (OIX | Quote | Chart | News | PowerRating) | Securities Broker Dealer (XBD | Quote | Chart | News | PowerRating) |
No major economic news to report today. Have a Happy New Year!
John Patrick Lee
johnl@tradingmarkets.com
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