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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 paused after strong start to the year; Nasdaq at four year high closing price.
Tech stocks rallied the Nas to a closing price not seen since May 2001; S&P and Dow both closed flat.
Apparel retailers post moderate December sales. Teen clothiers Aeropostale, American Eagle Outfitters, and Abercrombie&Fitch lead the field, while Wal-Mart struggles with a lackluster December performance.
Jobless claims fall more than expected; Fed minutes hint that US might be at full employment.
Technology indexes leading the sectors; oil is at the bottom of the barrel and airlines remain unchanged.
US Airways (PowerRating) Lowers Traveling Fares (full story).
Wal-Mart (PowerRating) comps rose 2.2%, the smallest December gain in 5 years. For Q4, the company sees earnings coming in at the low end of guidance.
XM Satellite Radio
(PowerRating) reported it has over 6 million subscribers and that it expects to have over 9 million by the end of the year.SIRIUS Satellite Radio (PowerRating) Subscriber Base Reaches 3.32 Mln In 2005; Expects Over 6 Mln Subscribers By 2006 End (full story).
Boeing (PowerRating) Reports More Than 1,000 Net Commercial Airplane Orders For 2005 (full story).
Target (PowerRating) Dec. Same Store Sales Rise 4.7% (full story).
Gap (PowerRating) Dec. Same Store Sales Dip 9%; Backs FY EPS Forecast (full story).
For more stories as they happen, go to our Breaking
News section.
| Dow | +2.00 | 10,882.15 |
| NASDAQ | +13.41 | 2,276.87 |
| S&P 500 | +0.02 | 1,273.48 |
| NYSE | NASDAQ | |
| Volume | 2,218,742,000 | 1,762,552,000 |
| Advances | 1785 | 1642 |
| Declines | 1533 | 1401 |
| Up Volume | 1044 | 1240 |
| Down Volume | 998 | 406 |
| New Hi's | 193 | 163 |
| New Lo's | 34 | 25 |
|
Strongest Sectors |
Weakest Sectors |
| Thestreet.com Internet (DOT | Quote | Chart | News | PowerRating) | Oil (XOI | Quote | Chart | News | PowerRating) |
| GSTI Multimedia Networking (GIP | Quote | Chart | News | PowerRating) | Utility Sector (UTY | Quote | Chart | News | PowerRating) |
| GSTI Services Index (GSV | Quote | Chart | News | PowerRating) | North American Telecoms (XTC | Quote | Chart | News | PowerRating) |
Crude Oil Inventories Slide In Most Recent Week (full story).
Service Sector Grows Faster Than Expected In December (full story).
Jobless Claims Fall More Than Economists Had Expected (full story).
John Patrick Lee
johnl@tradingmarkets.com
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