Corning Calls Sparkle; Stocks Mixed
Following last week’s 5.5% gain, the Nasdaq continues to move higher Monday
while the Dow remains in the red. Biotechs and health care are the day’s top
sectors, while oil services and chemicals are the weakest.
At mid-day, the VIX is down .02 to 22.59.
The OEX 830 calls are down 1/8 to 3.
Among bigger movers on heavier-than-average volume:
Corning
(
GLW |
Quote |
Chart |
News |
PowerRating) 14 5/8 to 281 5/8 after beating earnings estimates. The
Corning July 270 calls are up 10 to 14 7/8 on triple the average volume.
B2B portal VerticalNet
(
VERT |
Quote |
Chart |
News |
PowerRating) is up 7 5/8 to 58 3/4 after being added to
Goldman Sach’s recommended list. The VerticalNet July 60 calls are up 1 7/8 to 2
3/8 on quadruple average volume.
Lucent
(
LU |
Quote |
Chart |
News |
PowerRating) is up 3 1/8 to 67 1/8 along with a strong networking sector.
The Lucent July 65 calls rose 1 9/16 to 3 on more than 9200 contracts.
Novell
(
NOVL |
Quote |
Chart |
News |
PowerRating) is showing renewed signs of life, jumping 1 11/32 to 11
1/8. The Novell July 10 calls are up 1 1/16 to 1 5/16 on more than 4400
contracts.
Looking ahead, the Consumer Price Index is due out Tuesday at 8:30 AM ET, and
analysts expect a 0.5% gain.
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