Stocks mixed to end month


Stocks are mixed and bouncy this Monday morning after an impressive run in the month of July. Even more impressive was the recovery in the oil market, which has now pushed the global price per barrel nearly back up to $50. Scripps Networks (SNI) was acquired by Discovery (DISCA), but the Street isn’t thrilled with deal, as SNI is up less than 1% and DISCA is down 4.3%. Comcast (CMCSA) is up 2.2%.

West Texas Intermediate crude is trading at $49.48. At present, the S&P 500 is down 0.03%, the DJIA is up 0.25%, and the NASDAQ is down 0.20%.

Here are your Monday morning market metrics. Industries doing well today include media, automobiles, and banks. Industries showing weakness include tobacco, energy equipment, and internet / catalog retail. The VIX is up 1% to 10.39 after closing on Thursday at 10.29. The most heavily traded options this morning are for Bank of America, (BAC), with 2,413 August-4 24.5 calls and 2,210 August-11 24 calls on the board. The total put/call ratio as of 10:00 AM was 0.94 (245,777/231,048). The advancers/decliners ratio for the NYSE is 1,244/1,559 and for the NASDAQ 1,296/1,312.

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.

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