Dividend.com: Midday Update

The market's weakness at the open has persisted throughout the first half of the trading day. Let's take a look at what is moving following this morning's jobs report.

Bullish

Upgrade Winners: Continental Airlines(CAL Quote), Energy Conversion Devices(ENER Quote), General Mills(GIS Quote) and ADTRAN(ADTN Quote).

Fertilizer Plays: Potash(POT Quote) and CF Industries(CF Quote) are bucking the downtrend in other commodity areas.

Ultrashort ETFs: Watching the SKF/SRS plays rise as well as ProShares UltraShort Oil & Gas(DUG Quote)

Elan(ELN Quote): Receiving $1 Billion investment from Johnson & Johnson(JNJ Quote).

Bearish

Analyst Downgrades: BJ Services(BJS Quote), Johnson Controls(JCI Quote) and Southwest Airlines(LUV Quote) are all lower.

Earnings Misses/Warnings: Illumina(ILMN Quote) and Xilinx(XLNX Quote) are lower.

Transports: FedEx(FDX Quote), Union Pacific(UNP Quote) and some truckers are lower.

Financials: Goldman Sachs(GS Quote) and JP Morgan(JPM Quote) are not able to lead the sector higher and the group was also a non-factor Wednesday during the market's rally.

Oil and Oil-related Plays: Oil ETF(USO Quote), Exxon Mobil(XOM Quote) and Transocean Ltd.(RIG Quote) are weak today.

TiVo(TIVO Quote): Taking a hit after judge stays court decision against Echostar(DISH Quote).

Sepracor Inc.(SEPR Quote): Shares are down over 15% after the Food and Drug Administration halted trials of Lunesta trials.

Internet Giants: Amazon(AMZN Quote) and Google(GOOG Quote) are helping drag down the Nasdaq.

Summary

Shares of FSLR, which were down nearly $4 in the early going, have since bounced back. This is why I recommended moving the trailing stop lower to capture more of the profit. It should have been a good trade for readers. Gold(GLD Quote) is pulling back today and may be set to close the week slightly lower. Treasuries(TLT Quote) are up slightly and should end the week flat if we closed around these current levels.

I will be looking for potentially more opportunities, but you have the key names to focus on above if you choose to venture out in a trade this afternoon. We may start to see some extra volatility with traders beginning to head out to the exits a bit early in front of the three-day holiday weekend.