Reply #76: 2:35 EST Partying on at the Wall Street B&G [View All]

[UpInArms]

Dow 10,794.18 +27.85 (+0.26%)
Nasdaq 2,233.65 +6.58 (+0.30%)
S&P 500 1,251.02 +3.75 (+0.30%)
10-Yr Bond 4.457 -0.45 (-1.00%)

NYSE Volume 1,437,942,000
Nasdaq Volume 1,199,584,000

2:00PM: Sideways trading persists, with the averages holding their places despite two more sectors' drops - Telecom and Utilities - into the red. Energy (+1.2%) continues to stand as the session's leader, driven by oil and gas explorers but supported by each of the S&P 500's six subgroups. All but one of the market's energy issues (MRO) currently lends a gain, with over three-quarters of them up at least 1.0%. Since August, Briefing.com has maintained an Overweight rating on the Energy sector - favoring oil and gas drillers, services, equipment, refining, and marketing industries as pent up demand within the international markets will support volume and pricing gains. In our portfolio of recommended holdings for active investors, we include services company BJ Services (BJS 34.97 +0.45), which has risen 1.3% today. NYSE Adv/Dec 1797/1416, Nasdaq Adv/Dec 1536/1425

1:30PM: In the absence of a catalyst to either drive further buying or spark selling, the market has stood still since the last update. During this holiday-shortened week, both the economic and earnings calendars are light ones. Here's a look at what the remainder of the week offers. Tomorrow, Albertson's (ABS), Deere (DE) Dillard's (DDS), HJ Heinz (HNZ), and Tech Data (TECD) are amongst the companies slated to report earnings; minutes from the FOMC's November 1 meeting are the only economic item. Wednesday, Hormel Foods (HRL) is one of the four companies due to deliver earnings results, while last weeks' initial claims, the revised University of Michigan sentiment report for November, the October help-wanted index, and the latest energy inventory report fill the economic calendar. The market is closed for Thanksgiving Thursday, and Friday is absent of data on either front.