Stocks quoted in this article:
In a relatively light trading session ahead of Thursday's Thanksgiving holiday, the Dow Jones Industrial Average (DJI - 12,816.85) is up 28 points, or 0.2%, as Wall Street digests the latest round of economic reports. Weekly jobless claims fell by 41,000 to a seasonally adjusted 410,000 last week, in line with economists' estimates. Also, the Conference Board reported its leading economic index climbed 0.2% in October (matching estimates), versus September's increase of 0.5%. Meanwhile, the final reading of the Thomson Reuters/University of Michigan consumer sentiment index for November arrived at 82.7 -- lower than the initial estimate of 84.9, as well as economists' forecast for a final reading of 83.5. Elsewhere, the CBOE Market Volatility Index (VIX - 14.99) is 0.1 point, or 0.6%, lower.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all 10 options exchanges checks in at 0.83, with 2.5 million calls changing hands so far today, compared to 2.1 million puts.
- Among the equities with call-slanted activity is Celsion Corporation (NASDAQ:CLSN - 6.40), which has gained around 5% today -- and claimed a new multi-year high of $6.46 -- despite a lack of notable news drivers. Currently, calls make up 87.7% of the security's intraday option volume.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX - 31.04) -- which touched a new all-time low of $30.50 earlier in the session -- sits at 0.89, with calls outnumbering puts.
- The New York Stock Exchange (NYSE) shows an advance/decline ratio of 1.30, with the number of upward movers comfortably outpacing the decliners.
- Among the NYSE's major advancers is Skechers USA Inc (NYSE:SKX - 18.97), which has jumped about 12% in intraday trading, thanks to some positive analyst attention at Susquehanna this morning. Specifically, the brokerage firm upgraded the stock to "positive" from "neutral" and boosted its price target to $22 from $19.
- Bullish sentiment fell last week, according to the latest Investors Intelligence survey. The percentage of financial advisors with a bullish view on stocks dropped to 37.2% from 38.3%, while the percentage bearish also declined to 27.7% from 28.7%. Meanwhile, the percentage of advisors expecting a market correction rose to 35.1% from 33.0%.