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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.
All major indexes close in the red; week kicks off with an end to the New Year's rally.
Rising oil prices overshadow a positive earnings forecast from McDonald's and a higher bid for Guidant by Boston Scientific.
Crude oil March contract closed at 66.94, the highest closing price since September.
Gold futures hit a new 25 yr high (565.50) before settling back down and closing below 560.
Boston Scientific (BSX | Quote | Chart | News | PowerRating) upped its bid to buy Guidant (GDT | Quote | Chart | News | PowerRating) in its bidding contest against Johnson&Johnson (JNJ | Quote | Chart | News | PowerRating). BSX's new bid is $27 billion, and GDT's deadline to accept is Tuesday, Jan 17th at 5:00 PM.
BioCryst (BCRX | Quote | Chart | News | PowerRating) Gets "fast Track" Status For Flu Drug Peramivir (full story).
Continental Airlines (CAL | Quote | Chart | News | PowerRating) Q4 Loss Narrows On Higher Revenues, Cost Reductions Despite Higher Fuel Costs (full story).
Alcoa (AA | Quote | Chart | News | PowerRating) Cuts Pension Benefits To Curb Costs (full story).
McDonald's (MCD | Quote | Chart | News | PowerRating) Dec. Comp. Rises 5%, Sees Q4 Profit Above Consensus (full story).
IBM (IBM | Quote | Chart | News | PowerRating) Inks $1.1 Bln, 10-year Information Technology Agreement With Apparel Retailer Gap (full story).
Sherwin-Williams (SHW | Quote | Chart | News | PowerRating) Boosts Q4, FY05 Earnings Outlook (full story).
For more stories as they happen, go to our Breaking News section.
|
Dow |
-63.55 |
10896.32 |
|
NASDAQ |
-14.32 |
2302.69 |
|
S&P 500 |
-4.68 |
1282.93 |
|
NYSE |
NASDAQ | |
|
Volume |
2,130,144,000 |
1,697,872,000 |
|
Advances |
1173 |
1157 |
|
Declines |
2155 |
1931 |
|
Up Volume |
630 |
512 |
|
Down Volume |
1335 |
1117 |
|
New Hi's |
153 |
132 |
|
New Lo's |
31 |
34 |
|
Strongest Sectors |
Weakest Sectors |
| Natural Gas (XNG | Quote | Chart | News | PowerRating) | Airline (XAL | Quote | Chart | News | PowerRating) |
| Deutsche Bank Energy (DXE | Quote | Chart | News | PowerRating) | GSTI Semiconductor (GSM | Quote | Chart | News | PowerRating) |
| Oil (OIX | Quote | Chart | News | PowerRating) | GSTI Multimedia Networking (GIP | Quote | Chart | News | PowerRating) |
Industrial Production Rises Slightly More Than Expected (full story).
New York Fed Says Conditions For NY Manufacturers Improve At Slower Pace (full story).
Earnings reveal a slowdown (full story).
John Patrick Lee
johnl@tradingmarkets.com
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