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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.
Dow bounces back from early selling to close above 11,000 for two days in a row; Nas up fractionally while S&P down fractionally.
Alcoa (AA | Quote | Chart | News | PowerRating) kicks off the season with weaker than expected earnings, citing strikes and restructuring costs. AA was down as low as 7% during intraday, rebounding to close down only 1%. AA's (PowerRating).
Gold closed fractionally lower lower after Monday's 25 year closing high.
Crude oil closes slightly lower; oil and energy both performed well today as news of Iran's resumption of nuclear research cited as major concerns.
Apple Computer (AAPL | Quote | Chart | News | PowerRating) closes at a new high, 80.86. Today in San Francisco CEO Steve Jobs reported that revenue for Dec. quarter reached beyond expectations; unveils new PC with Intel processing chip. AAPL's (PowerRating).
Phelps Dodge Cp (PD | Quote | Chart | News | PowerRating) closes down 5% after lowering quarterly outlook. PD's (PowerRating).
Home Depot (HD | Quote | Chart | News | PowerRating) To Acquire Hughes Supply For $3.47 Bln; Expects Deal To Be Accretive To First Year EPS. HD's (PowerRating).
Red Robin (RRGB | Quote | Chart | News | PowerRating) Cuts Q4 & FY05 EPS, Revenue Guidance Below Analysts' Forecast On Lower-than-expected Same Store Sales And Higher Operating Expenses. RRGB's (PowerRating).
Guidant (GDT | Quote | Chart | News | PowerRating) Raises Q4 Sales Forecast; Co. Receives Follow-up Letter From FDA. GDT's (PowerRating).
Another Blowout Quarter Expected From Genentech (DNA | Quote | Chart | News | PowerRating) On Blockbuster Drugs Sales. DNA's (PowerRating).
NASDAQ (NDAQ | Quote | Chart | News | PowerRating) To Acquire
Shareholder.com; Terms Not Disclosed (full
story).
For more stories as they happen, go to our Breaking News section.
| Dow | -0.32 | 11,011.58 |
| NASDAQ | +1.63 | 2,320.32 |
| S&P 500 | -0.46 | 1,289.69 |
| NYSE | NASDAQ | |
| Volume | 2,329,824,000 | 1,977,494,000 |
| Advances | 1840 | 1709 |
| Declines | 1525 | 1330 |
| Up Volume | 1060 | 966 |
| Down Volume | 1085 | 916 |
| New Hi's | 257 | 178 |
| New Lo's | 18 | 27 |
|
Strongest Sectors |
Weakest Sectors |
| Oil Service Sector (OSX | Quote | Chart | News | PowerRating) | Morgan Stanley Health Provider (RXH | Quote | Chart | News | PowerRating) |
| Disk Drive (DDX | Quote | Chart | News | PowerRating) | Airline (XAL | Quote | Chart | News | PowerRating) |
| Computer Hardware (HWI | Quote | Chart | News | PowerRating) | Pharmaceutical (DRG | Quote | Chart | News | PowerRating) |
Wholesale Inventories Rise Slightly Less Than Expected (full story).
Canadian Housing Starts Rose 1.2% In December (full story).
John Patrick Lee
johnl@tradingmarkets.com
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