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Stocks Hold Strong After First Day Rally

By John Patrick Lee | TradingMarkets.com
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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.


S&P ends the day at four year closing high, as investors continue to feel confident with the information from the Fed minutes.

Conversely, the dollar had its worst two days against the Euro in five years, also caused by the Fed's position on inflation-containment.

Technology indexes head the sectors, while oil and the energies trading lower for the day.

Surge in factory orders linked directly to airline industry; the orders remain largely unchanged outside of transportation sector. 

Stocks On The Move

Ford (PowerRating) December U.S. Sales Fall 9%; Full Year Sales Down 5% (full story).

Daimlerchrysler (PowerRating) U.S. Sales Fall 2% In Dec., But Rise 4% In 2005 (full story).

Unisys (PowerRating) Awarded Dept Of Homeland Security Contract (full story).

Estee Lauder (PowerRating) Replaces Mercury Interactive In S&P 500; Per-Se Replaces NDCHealth In S&P SmallCap 600 (full story).

Monsanto (PowerRating) Reports Profit For Q1 On Higher Revenue, Confirms FY06 EPS Outlook (full story).

Trans World Entertainment (PowerRating) Cuts FY05 EPS Outlook On Weak Sales (full story).

Boyd Gaming (PowerRating) To Develop $4 Bln Las Vegas Complex (full story).

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

Dow +32.74 10,880.15
NASDAQ +19.72 2,263.46
S&P 500 +19.72 1,273.46
NYSE NASDAQ
Volume 2,454,040,000 1,887,113,000
Advances 2399 1891
Declines 930 1159
Up Volume 1677 1421
Down Volume 620 438
New Hi's 286 169
New Lo's 29 24

Strongest Sectors

Weakest Sectors

GSTI Multimedia Networking (GIP | Quote | Chart | News | PowerRating) Natural Gas (XNG | Quote | Chart | News | PowerRating)
Gold and Silver Sector (XAU | Quote | Chart | News | PowerRating) Oil (CBOE) (OIX | Quote | Chart | News | PowerRating)
Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating) GSTI Internet Index (GIN | Quote | Chart | News | PowerRating)

Economic News

Mortgage Application Volume Slides Again As Purchase Activity Falls (full story).

Canadian Industrial And Raw Materials Prices Fall In November (full story).

Factory Orders Rise 2.5% In Nov. (full story).

John Patrick Lee
johnl@tradingmarkets.com

Get your stocks PowerRatings here.


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