Oil Stocks Extending Gains Along With Price Of Crude

Oil stocks are seeing considerable strength during trading on Wednesday, contributing to the upward move by the broader markets. The gains by oil stocks come as oil inventories rose in line with expectations, failing to dent oil prices, which are seeing a strong upward move on the day.

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Semiconductor Stocks Posting Strong Gains After Microchip Technology Raises Guidance

After a lackluster open, semiconductor stocks have moved decidedly higher and are posting strong gains in late morning trading on Tuesday. The strength is sector is due in part to upwardly revised guidance from Microchip Technology Inc. (MCHP).

The gains by semiconductor stocks have contributed to a 2.3 percent advance by the Philadelphia Semiconductor Index. With the gain, the index is climbing back towards the nearly two-month intraday high set last Wednesday.

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Natural Gas Stocks Sliding Following Negative Analyst Comments

Natural gas stocks are under considerable selling pressure during late morning trading on Monday, contributing to the pullback by the broader markets. The weakness in the sector is partly due to negative comments from Morgan Stanley about Apache Corp. (APA) and Chesapeake Energy Corp. (CHK).

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Healthcare Provider Stocks Pulling Back Off Highs

Despite the general lack of conviction being shown on Wall Street, healthcare provider stocks are pulling back by substantial margins on Friday.

The losses by healthcare provider stocks have resulted in a 1 percent drop by the Morgan Stanley Healthcare Provider Index. With the retreat, the index is pulling back off of the historic closing high set on Thursday.

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Railroad Stocks Advancing Following Upbeat Earnings View From CSX

Railroad stocks are extending a recent upward move on Thursday, posting notable gains despite today’s lackluster outing in the broader markets. The advance in the sector comes as traders focus on news from CSX Corp. (CSX), which said it expects a substantial pick up in earnings in 2010.

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Banking Stocks Advance Amid M&A Rumors

Banking stocks have helped to lead the markets higher on Wednesday, with prospective merger and acquisition activity sparking buying interest in the sector.

The strength in the banking sector is reflected by the 2.9 percent gain currently being shown by the Kbw Bank Index. With the gain, the index is adding to its recent gains and has risen to its best intraday level in sixteen months.

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Airline Stocks Advancing After Upbeat United Airlines Traffic Report

Airline stocks are moving notably higher during trading on Tuesday, led by United Airlines parent UAL Corp. (UAUA), which is advancing amid news of a pickup in traffic.

The strength in the airline sector is reflected by the 3.7 percent gain currently being shown by the NYSE Arca Airline Index. With the gain, the index is recovering from its recent pullback, looking to close at a fresh two-year high.

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Brokerage Stocks Helping To Fuel Friday’s Rally

While biotechnology stocks are turning in the market’s best performances in late-morning trading on Friday, notable strength is also visible among brokerage stocks. The sector has jumped in today’s session following a recent steady advance.

The strength in the brokerage sector is reflected by 1.7 percent gain currently being shown by the NYSE Arca Securities Broker/Dealer Index.

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Networking Stocks Headed Lower As Ciena’s Results Disappoint

After moving higher for the most of the past month, networking stocks are giving back some ground during trading on Thursday. Disappointing earnings and guidance from Ciena Corp. (CIEN) have contributed to the selling pressure.

The weakness in the sector is reflected by the 1 percent loss currently being shown by the NYSE Arca Networking Index. With the loss, the index is pulling back off of the twenty-one month closing high set in the previous session.

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Oil Service Stocks Advance As Oil Rises Above $80 A Barrel

Oil service stocks are seeing considerable strength during trading on Wednesday, benefiting from a notable increase by the price of oil. The move comes as the day’s inventory data showed a significant increase in refinery demand even though overall oil inventories rose.

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