eBay Calls Lift; Nasdaq Rally Continues
Stocks are higher Friday following a tame round of economic numbers that
continues to show very little in the way of inflationary pressures. Internets
and semiconductors are again leading the Nasdaq higher while the Dow and S&P
500 have also posted modest gains.
At mid-day, the VIX is up .32 to 23.03.
The OEX 825 calls are up 3/4 to 4.
Among bigger movers on heavier-than-average volume:
In the Internet space, eBay
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PowerRating) is up 7 3/16 to 60 5/8 after
receiving a couple of analyst upgrades. The eBay July 60 calls are up 2 7/16 to
3 3/8 on quadruple the average volume.
Also strong among the Nets is Amazon
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PowerRating) which has gained 5 5/16 to
40 5/16. The Amazon July 40 calls have gained 1 1/2 to 1 7/8 on triple the
average volume.
Tyco
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PowerRating) is up 2 11/16 to 54 5/8 following news that the SEC has
completed its investigation of the company’s recent accounting woes. The Tyco
July 50 calls are up 2 5/16 to 4 5/8 on heavier-than-average volume.
Cisco Systems
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PowerRating) has gained 2 5/8 to 67 7/8 while the Cisco July 60
calls have added 2 3/8 to 8 on triple the average volume.