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
the weakest.

At mid-day, the VIX remains unchanged at 23.44.

Among bigger movers on heavier-than-average volume:

COR Therapeutics
(
CORR |
Quote |
Chart |
News |
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
heavier-than-average volume.

Motorola
(
MOT |
Quote |
Chart |
News |
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.

Xcelera
(
XLA |
Quote |
Chart |
News |
PowerRating)
is up 3 5/8 to 18 3/4 while the Xcelera August 17 1/2 calls
have added 1 1/2 to 2 7/8 on double the average volume.

Genzyme
(
GENZ |
Quote |
Chart |
News |
PowerRating)
has gained 1 1/8 to 70 9/16 while the Genzyme August 75
calls are up 1 7/16 to 2 on triple the average volume.

Looking ahead, Wednesday will see the release of the index of leading economic indicators as
well as June’s new home sales.