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Dow Sits Under 11,000 As Markets End The Week Flat

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 500 and Nasdaq both close up with fractional gains; DOW misses the 11,000 mark, down fractionally.

Crude oil closed down fractionally for the day at $63.90 a barrel.

Gold rallies to close at highest level since January 1981.  Gold rose $16 an ounce over this week.

The SEC launches a formal probe, investigating IBM's earnings reports and expenses for stock options.  IBM closed down .4%.

AIG to spend more than $1billion to settle accounting investigations.  AIG closed down 3%.

Stocks On The Move

HCA (HCA | Quote | Chart | News | PowerRating) Sees Q4 EPS Above Estimates, Lifts FY05 EPS Outlook; Reiterates FY06 (full story).

Tyson (TSN | Quote | Chart | News | PowerRating) Foods Plans To Close Two Facilities In Iowa, To Invest Above $30 Mln In Expanded Bacon Production (full story).

Learning Tree (LTRE | Quote | Chart | News | PowerRating) Posts Breakeven Per Share For Q4; Revenues Decline 2% (full story).

GM (GE | Quote | Chart | News | PowerRating) Takes The Road To North American Recovery (full story).

Tyco (TYC | Quote | Chart | News | PowerRating) To Split Into Three Companies; Cuts Q1 Outlook (full story).

Lucent (LU | Quote | Chart | News | PowerRating) Cuts FY06 Revenue Forecast On Lower Sales In U.S. And China; Names Frank D'Amelio As COO (full story).

Pfizer (PFE | Quote | Chart | News | PowerRating) To Acquire Worldwide Rights Of Diabetes Insulin Exubera From Sanofi-Aventis For $1.3 Bln (full story).

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

Dow

-2.49

10,959.87

NASDAQ

+0.35

2.317.04

S&P 500

+1.55

1,287.61

NYSE

NASDAQ

Volume

2,151,405,000

1,729,182,000

Advances

1770

1616

Declines

1511

1379

Up Volume

832

837

Down Volume

1118

837

New Hi's

123

123

New Lo's

19

23

 

Strongest Sectors

Weakest Sectors

Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating) Morgan Stanley Healthcare (HMO | Quote | Chart | News | PowerRating)
Gold and Silver (XAU | Quote | Chart | News | PowerRating) Dow Jones Equity REIT (DJR | Quote | Chart | News | PowerRating)
Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) Airline (XAL | Quote | Chart | News | PowerRating)

Economic News

December Retail Sales Rise On Higher Auto Sales (full story).

Producer Prices Rise Much More Than Expected (full story).

Business Inventories Rise More Than Expected In November (full story).

John Patrick Lee
johnl@tradingmarkets.com

Get your stock's PowerRatings here.


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