Stocks are directionless


Not much action on Wall Street this morning, at least as far as the major indices go. Seagate Technology (STX), a stock favored by many for its high dividend yield, is up 11.6% after reporting better than expected earnings. It looks like it will be a less-than-festive Christmas for game making companies, which are likely to be hit hard by the collapse of Toys-R-Us. Hasbro (HAS) is down 8% and Mattel (MAT) is down 4.5%

West Texas Intermediate crude is trading at $52.17. At present, the S&P 500 is up 0.02%, the DJIA is up 0.1%, and the NASDAQ is down 0.17%.

Here are your Monday morning market metrics. Industries doing well today include textiles, multiline retail, and diversified consumer services. Industries showing weakness include leisure products, industrial conglomerates, and internet software. The VIX is up 0.6% to 10.03 after closing on Friday at 9.97. The most heavily traded options this morning are for the S&P 500 SPDR ETF (SPY), with 22,010 October-27 253 puts, 20,105 October-27 252 puts on the board. The total put/call ratio as of 10:00 AM was 0.84 (347,518/291,723). The advancers/decliners ratio for NYSE stocks is 1,374/1,476 while the advancers/decliners ratio for NASDAQ stocks is 1,180/1,536.


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