TradingMarkets mid-day movers

Markets rally on flurry of M&A activity.  Crude oil futures move up by 0.8% to $59.60.

Friday's market action created 10 day intraday lows on both the S&P 500 index and Nasdaq Composite index (explanations below).  These are bullish signals and are part of our contrarian indicator list. It will be interesting to see if we get more bullish signals this week (click here for more info).

Stocks on the Move

XM Satellite (XMSR | Quote | Chart | News | PowerRating) Q3 Loss Narrows, Revenue Up 57% (full story).  XMSR shares rise by over 16%.

Four Seasons (FS | Quote | Chart | News | PowerRating) Receives US$3.7 Bln Buyout Offer From CEO-led Investor Group (full story).  FS shares jump nearly 30%.

OSI Restaurant Partners (OSI | Quote | Chart | News | PowerRating) To Be Acquired By Investor Group For $40 Per Share In Cash (full story).  OSI shares soar by over 23%.

Avnet (AVT | Quote | Chart | News | PowerRating) To Buy GE's (GE | Quote | Chart | News | PowerRating) Business Unit For $425 Mln (full story).  AVT shares trade fractionally higher. GE shares rise by 1.4%.

Abbott (ABT | Quote | Chart | News | PowerRating) To Buy Kos Pharma (KOSP | Quote | Chart | News | PowerRating) For $3.7 Bln Cash (full story).  ABT shares trade fractionally lower, while KOSP shares soar by over 50%.

AES (AES | Quote | Chart | News | PowerRating) Slips To Loss In Q3 On Charges; Adj. EPS Up On Higher Revenues; Lifts FY06 Adj. EPS View (full story).  AES shares rise by 2.7%.

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

Use our most popular trading tool to find out how your stocks will move in the next 5 days.

10 Day Low Alert-This alert occurs when the market has made a 10 day low intra-day. It occurs after much selling has occurred and the market is many times oversold. When the market is above its 200 day ma, its been an opportune time to be entering long positions. When its below its 200 day, it's a good place to begin locking in profits on the short side.