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Trucking Sector Lower After Q2 Disappointment From Con-Way
Posted on August 5th, 2010 No commentsTrucking stocks are mostly on the downside in late-morning trading on Thursday after Con-way Inc. (CNW) missed second quarter profit expectations.
The weakness in the trucking sector is reflected by the 1.4 percent loss currently being shown by the Dow Jones Trucking Index. With the loss, the index is falling from the nearly two year closing high set at the end of yesterday’s session.
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Gold Stocks Gaining Ground Along With Gold Prices
Posted on August 4th, 2010 No commentsAfter a strong start to the session, gold stocks remain notably higher in late-morning trading on Wednesday, benefiting from a pickup in gold prices on the day.
The advance by gold stocks has resulted in a 2.6 percent gain by the NYSE Arca Gold Bugs Index. The gain has lifted the index to its best intraday in over two weeks.
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Housing Stocks Sinking Amid Disappointing Results From Radian, Vulcan
Posted on August 3rd, 2010 No commentsHousing stocks are notably lower in late-morning trading on Tuesday, as Radian Group (RDN) reported a second quarter loss versus a year-ago profit and Vulcan Materials (VMC) also posted a net loss for the second quarter.
The weakness among housing stocks has resulted in a 2.8 percent loss by the Philadelphia Housing Sector Index. Despite the drop, the index remains rangebound.
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Oil Service Stocks Advancing As Oil Prices Shoot Higher
Posted on August 2nd, 2010 No commentsOil service stocks are seeing considerable strength in late-morning trading on Monday, benefiting from a notable increase by the price of crude oil.
The strength in the oil service sector is reflected by the 3.7 percent gain currently being shown by the Philadelphia Oil Service Index. With the gain, the index has jumped to its best intraday level in two and a half months.
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Healthcare Provider Stocks Advancing Amid Choppy Trading
Posted on July 30th, 2010 No commentsHealthcare provider stocks are attempting to build a recovery from recent lows in late morning trading on Friday, even as the broader markets are seeing a see-saw performance.
The gains by healthcare provider stocks have resulted in a 1.7 percent advance by the Morgan Stanley Healthcare Provider Index. With the gain, the index is moving further off of the seven and a half month closing low set last week.
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Semiconductor Stocks Leading The Way Lower In Broad Market Downturn
Posted on July 29th, 2010 No commentsAfter trending higher for most of the past month, semiconductor stocks are seeing notable weakness during trading on Thursday. The weakness in the sector is partly due to negative analyst comments, with FBR Capital Markets downgrading Advanced Micro Devices (AMD).
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Health Insurance Stocks Sliding Despite Strong Q2, 2010 Forecast From Aetna
Posted on July 28th, 2010 No commentsHealth insurance stocks are under pressure in late-morning trading on Wednesday, contributing to the moderate pullback by the broader markets. The sector is being hurt by Aetna (AET), which is down even after its second quarter earnings, revenues and 2010 forecast beat estimates.
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Gold Stocks Falling Along With Price Of Precious Metal
Posted on July 27th, 2010 No commentsGold stocks are moving notably lower in late-morning trading on Tuesday, with the weakness in the gold sector coming amid a downturn by the price of the precious metal.
The weakness among gold stocks reflected by the 3.4 percent loss being shown by the NYSE Arca Gold Bugs Index. The loss has the index poised for its lowest closing level in over two months.
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Biotechnology Stocks Posting Strong Gains In Late-Morning Dealing
Posted on July 26th, 2010 No commentsAfter a steady upward move at the open, biotechnology stocks are seeing notable strength in late morning trading on Monday. The NYSE Arca Biotechnology Index is up by 2.3 percent and set a one-month intraday high earlier in the session.
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Railroad Stocks Notably Higher Amid Lackluster Trading
Posted on July 23rd, 2010 No commentsRailroad stocks are continuing a recent upward move in late morning trading on Friday, seeing notable gains despite today’s largely lackluster outing in the broader markets.
The gains by railroad stocks are contributing to a 1 percent advance by the Dow Jones Railroads Index. With the gain, the average is on pace for its best closing level in almost a month.


