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%.
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.