Sunday, January 10, 2010

Weekly Stock Market Overview - 1/8/2010

It was an up week for the major markets. For the week the Dow Jones Industrial Average gained 190.14 points or 1.82%. The Standard & Poor's 500 Index gained 29.88 points or 2.68%, while the Nasdaq Composite gained 48.02 points or 2.12%. Read More ...
The Materials sector was the strongest sector (5.85%) last week followed by the Energy sector (5.77%). The Utilities sector was the worst performing sector (-0.97%) of the week followed by the Consumer Staples sector (0.38%).
The Basic Materials sector is the most overvalued sector followed by Services, while Regional Airlines, Railroads, and Publishing - Books are among the most overvalued industries. The Healthcare sector is the most oversold sector followed by Utilities, while Biotechnology, Hospitals, and Electric Utilities are among the most oversold industries.
Weekly S&P 500 Winners
Gains/Loses(%) Symbol Company Sector
33.67% MBI MBIA Inc. Financials
27.90% ZION Zions Bancorp Financials
26.42% MI Marshall & Ilsley Corp. Financials
Weekly S&P 500 Loosers
Gains/Loses(%) Symbol Company Sector
-6.95% PCS MetroPCS Communications Inc. Telecommunications Services
-5.48% MYL Mylan Inc. Health Care
-4.17% VZ Verizon Communications Telecommunications Services