Mixed signals


Stocks are mixed this Thursday morning, despite the highest number of initial unemployed reported in over one year. Oil made a convincing move upward overnight, but commodities and currency don’t seem to be driving the market this week, for a change. It’s a big day for Monsanto (MON), as shares are up 11% due to a report from Bloomberg saying that German pharmaceutical giant Bayer was considering buying the seed company.

West Texas Intermediate crude is trading at $46.98. At present, the S&P 500 is up 0.19%, the DJIA is up 0.31%, and the NASDAQ is down 0.11%.

Here are your Thursday morning market metrics. Industries doing well today include chemicals, containers, and construction materials. Industries showing weakness include technology hardware, biotechnology, and industrial conglomerates. The VIX is down 3% to 14.35 after closing on Wednesday at 14.35. The most heavily traded options this morning are for Linn Energy (LINE), with 4,026 January 3 puts changing hands. The total put/call ratio as of 9:00 AM was 0.8 (219,697/175,150). NYSE Adv/Dec 1,878/919. Nasdaq Adv/Dec 1,166/1,059.

Symbols: LINE MON
Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

You May Also Like