COR Calls Rise; Market Mixed
Stocks are mixed Tuesday following some inflation-friendly economic numbers. The NAPM
came in at 51.8 which was lower than the expected 52.4, and new construction
spending fell 1.7% after a 0.2% increase had been expected.
Biotechs are the top sector of the day while retailers and semiconductors are
At mid-day, the VIX remains unchanged at 23.44.
Among bigger movers on heavier-than-average volume:
PowerRating) is up 7 7/16 to 88 3/4 along with other biotechs
and healthcare companies. The COR August 95 calls are up 2 3/16 to 3 3/8 on
PowerRating) is up 1 11/16 to 34 15/16 on news the company’s conference
call with analysts is going well. The Motorola August 35 calls are up 5/8 to 1
11/16 on heavier-than-average volume.
Looking ahead, Wednesday will see the release of the index of leading economic indicators as
well as June’s new home sales.