First Look
Stocks are higher Monday morning. Oil prices are rising today after plunging following the travel restrictions due to the discovery of the new omicron variant. Meanwhile, Pending Home Sales for October are expected to have risen 0.7% following the 2.3% decline in September. Lastly, Li Auto (LI) is up 8.49% after the company reported earnings of $0.34 per share, against estimates for $0.01 per share, while revenues grew 209.7% year-over-year and EV deliveries increased 190% year-over-year. The Nasdaq is up 0.87%, the S&P is up 0.72%, the Dow Jones is up 0.57%.
Today's Sentiment
BearishQuote of the Day
Quality is not an act, it is a habit.
Aristotle
Daily Action Trade
Stocks on the Move
Higher
- Carnival Corp (CCL)
- Royal Caribbean Cruises Ltd (RCL)
- Occidental Petroleum Corporation (OXY)
- Norwegian Cruise Line Holdings Ltd (NCLH)
- Sealed Air Corp (SEE)
Lower
Upgrades & Downgrades
Upgrades
International Markets
Stocks in Asia are mixed. The Mumbai Sensex is up 0.27%, the Shanghai SE Composite Index is down -0.04%, the Australia ASX All Ordinaries is down -0.49% the Hang Seng is down -0.95% and the Nikkei 225 is down -1.63%. In Europe stocks are up. The FTSE 100 is up 1.32%, the CAC 40 is up 1.18%, the Euro Stoxx 50 is up 1.14% and the DAX is up 0.7%.
Futures & Currencies
Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 3.38 at 71.583 per barrel. Brent crude is up 3.3 at 76.02 per barrel. Natural Gas is down -0.45 at 5.02. Precious metals are mixed this morning. Gold is down -9.13 at 1793.46 per ounce. Platinum is up 12.88 at 971.16 while silver is up 0.13 at 23.27. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound.
Put/Call Ratio
Yesterday, 1,417,752 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 800,807 put contracts. The single-session put/call ratio was 0.56.
Today's Economic Calendar
| No. | What's Happening? | Period | Release Time |
|---|---|---|---|
| 1 | Pending Home Sales | Oct | 10:00 ET |
