Looking for more upside

U.S. markets are moving up Thursday morning after two days of little movement. The S&P 500 is up 0.26% and the Dow is rising 0.23%. There were 290,000 initial claims for unemployment in the week of 11/8 up from 278,000 the prior week.

Asian markets were mixed Thursday with Japanese stocks continuing their upward run. The Shanghai Composite fell 0.36% while the Nikkei is up 1.14%.

European markets are up today as British pound reached a 24-month low against the Dollar. The FTSE is up 0.23%, and the DAX is up 0.43%.

Energy futures are down today. The price for West Texas Intermediate crude oil is $76.34 per barrel, down $0.84 and natural gas is down $0.03. Metals prices are mixed. Gold is up $2.10 and platinum is down $2.10. The Dollar is down against the Euro and the Yen.

DreamWorks Animation SKG Inc. (DWA), Rocket Fuel Inc.  (FUEL) and HubSpot, Inc. (HUBS), are up, and J. C. Penney Company, Inc.   (JCP), AEGON N.V. (AEG) and AECOM Technology Corporation(ACM) are down. 

Michael Haden is an Options Analyst at InvestorsObserver. He graduated from James Madison University in 1986 with a degree in Marketing. In two decades with Standard & Poor’s, Michael honed his analytical skills in the Financial Industry. He has a conservative view toward investing and prefers value stocks to high-fliers with big risk..

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