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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.
Major indices all close in the green. S&P up 4.49 at 1294.18, Dow up 31.86 at 11043.44 and Nasdaq up 11.04 at 2331.36.
The Dow rebounded today after Dupont lowered fourth quarter estimates; market reacts strongly in opposition to poor earnings from DD and AA.
The financial industry awarded $21.5 billion in bonuses at the end of 2005. The average bonus was $125,000; this was the highest bonus pool since 2000.
EIA reports that US crude supplies declined more than expected; oil closed up almost 1% at 63.88 a barrel.
F5 Networks (FFIV | Quote | Chart | News | PowerRating) was Power Ranked 1, the lowest possible rating, on January 9. Today FFIV opened down 6% and closed down almost 9%.
Dupont (DD | Quote | Chart | News | PowerRating) lowered fourth quarter earnings estimates, citing hurricanes, power disruptions, and unexpected overseas problems as the major forces behind the slip. DD is trading down over 3%. DD's (PowerRating).
Johnson&Johnson (JNJ | Quote | Chart | News | PowerRating) is rumored to raise bid for Guidant (GDT | Quote | Chart | News | PowerRating). GDT currently favors Boston Scientific's (BSX | Quote | Chart | News | PowerRating) bid, which was higher than JNJ's original offer. JNJ's (PowerRating). GDT's (PowerRating). BSX's (PowerRating).
BP (BP | Quote | Chart | News | PowerRating) Q4 Oil Production Declines On Hurricanes, Sees $1.3 Bln Charges For Non-operating Items. BP's (PowerRating).
Compuware (CWPR | Quote | Chart | News | PowerRating) Q3 Outlook Falls Below Wall Street Expectations. CPWR's (PowerRating).
Infosys (INFY | Quote | Chart | News | PowerRating) Q3 Earnings Per ADS Misses Consensus By A Penny, Revenues Rise 32.2%; Sees Q4 Earnings In Line Or Below Estimate. INFY'S (PowerRating).
M&T (MTB | Quote | Chart | News | PowerRating) Bank Q4 Profit Rises 7% On Improved Credit Quality Ad Cost Controls MTB's (PowerRating).
OSI Pharmaceuticals (OSIP | Quote | Chart | News | PowerRating) Q4 Tarceva Sales Up 15%. OSIP's (PowerRating).
Regis (RGS | Quote | Chart | News | PowerRating) Q2
Comp. Up 1.2%; Consolidate Revenues Rise 13% But Misses Consensus. RGS's
(PowerRating).
For more stories as they happen, go to our Breaking News section.
|
Dow |
+31.86 |
11,043.44 |
|
NASDAQ |
+11.04 |
2,331.36 |
|
S&P 500 |
+4.49 |
1,294.18 |
|
NYSE |
NASDAQ | |
|
Volume |
2,346,796,000 |
2,378,701,000 |
|
Advances |
1820 |
1499 |
|
Declines |
1476 |
1517 |
|
Up Volume |
1276 |
1489 |
|
Down Volume |
896 |
776 |
|
New Hi's |
294 |
214 |
|
New Lo's |
39 |
24 |
|
Strongest Sectors |
Weakest Sectors |
| Securities Broker Dealer (XBD | Quote | Chart | News | PowerRating) | Down Jones Internet Commerce (ECM | Quote | Chart | News | PowerRating) |
| Technology (TXX | Quote | Chart | News | PowerRating) | Thestreet.com Internet (DOT | Quote | Chart | News | PowerRating) |
| North American Telecoms (XTC | Quote | Chart | News | PowerRating) | Utility Sector (UTY | Quote | Chart | News | PowerRating) |
Oil Inventories Drop; Gasoline And Distillate Inventories Rise (full story).
NY Fed President Geithner said that the deficit could affect growth, core inflation has been quite moderate, and it is hard to know what the inverted yield curve means for Fed policy.
John Patrick Lee
johnl@tradingmarkets.com
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