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Stocks on the move
Real-time equity news
U.S. stock market report
1311 ET 09Feb2010 Deutsche Bank jumps after comments on Greece
U.S.-listed shares of Deutsche Bank AG rose 7.8 percent to $62.43, its biggest daily percentage jump since Oct. 29, after a German source said euro zone countries have decided in principle to help debt-stricken Greece.
U.S. and European stocks rose sharply after the news, with banks were the among the top gainers in Europe.
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1251 ET 09Feb2010 July calls heat up in energy
related ETF
United States Oil Fund LP fund bulls are positioning for a rally in the price of the underlying stock by the time U.S. roadways are bumper-to-bumper with summer traffic, wrote Andrew Wilkinson, senior market analyst at Interactive Brokers Group in a note. Shares of the fund, run by United States Commodity Funds, rose 2.79 percent to $36.06 in the afternoon session. Plain-vanilla call buying took place at the July $37 strike where investors paid an average premium of $2.67 per contract for 5,000 call options, Wilkinson said.
Traders holding the calls stand ready to amass profits if the price per USO share rallies 10 percent over the current value to surpass the break-even point at $39.67 ahead of July expiration. The exchange-traded fund is a passive investment vehicle traded on stock exchanges that allows non-oil trade participants exposure to oil futures movements.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1159 ET 09Feb2010
Option bulls flock to Kinross March calls
Option bulls scooped up Kinross Gold Corp call options, likely hoping to catch further gains in the Canadian gold miner within the next few weeks. Its U.S. listed shares rose 6 percent to $17.65 at midday. The company is due to release quarterly earnings on Feb. 17.
More than 13,800 March $17 calls traded out of the gate, and several blocks crossed the tape at a premium of $1.30 per contract, said Jud Pyle, chief investment strategist at www.ONN.tv. This action suggests investors bought the options betting the stock could climb even further prior to March options expiration in 38 days, Pyle added. Jon Najarian, co-founder of optionMonster.com, said on its website that a newsletter recommendation to buy KGC March $17 call options was behind the increased volume that traded in small blocks. In all, more than 20,000 contracts in that strike price crossed the tape against open interest of 416 by midday, indicating new positions were initiated, Reuters data show.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1139 ET 09Feb2010
Stocks rise as tentative Greece deal seen
U.S. stocks rose after a source said euro zone countries have decided in principle to help debt-stricken Greece.
'The decision on help for Greece has been taken in principle within the euro zone,' said a senior German ruling coalition source.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1120 EST 9Feb2010-Healthcare sticky issue among the wealthy
survey
Health care remains a persistent concern in wealthy households, a survey by Ipsos Mendelsohn showed on Tuesday.
The Mendelsohn Affluent Survey showed 39 percent of wealthy households were concerned about healthcare in January, down only modestly from a 40 percent in November. A year ago 33 percent cited the issue.
U.S. President Barack Obama is engaged in a divisive struggle to reform health care. The issue was cited among reasons for the shock defeat of Obama's Democratic Party candidate in Massachusetts's Senate race in January.
The survey, which queried 1,362 adults with a household income $100,000 or more, says the economy remained the top concern among that demographic, but the percentage of those citing it fell to 43 percent in January from 60 percent a year ago.
Over the past year world stock markets have bounced sharply as the economy has improved. But with unemployment still high the job market was the third most cited concern, raised by 31 percent of respondents, virtually unchanged over the year.
In January 52 percent of respondents were positive about the economy compared to 49 percent in April when the question was first introduced.
Reuters Messaging: edward.krudy@reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stocks on the move
Real-time equity news
U.S. stock market report
1311 ET 09Feb2010 Deutsche Bank jumps after comments on Greece
U.S.-listed shares of Deutsche Bank AG rose 7.8 percent to $62.43, its biggest daily percentage jump since Oct. 29, after a German source said euro zone countries have decided in principle to help debt-stricken Greece.
U.S. and European stocks rose sharply after the news, with banks were the among the top gainers in Europe.
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1251 ET 09Feb2010 July calls heat up in energy
related ETF
United States Oil Fund LP fund bulls are positioning for a rally in the price of the underlying stock by the time U.S. roadways are bumper-to-bumper with summer traffic, wrote Andrew Wilkinson, senior market analyst at Interactive Brokers Group in a note. Shares of the fund, run by United States Commodity Funds, rose 2.79 percent to $36.06 in the afternoon session. Plain-vanilla call buying took place at the July $37 strike where investors paid an average premium of $2.67 per contract for 5,000 call options, Wilkinson said.
Traders holding the calls stand ready to amass profits if the price per USO share rallies 10 percent over the current value to surpass the break-even point at $39.67 ahead of July expiration. The exchange-traded fund is a passive investment vehicle traded on stock exchanges that allows non-oil trade participants exposure to oil futures movements.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1159 ET 09Feb2010
Option bulls flock to Kinross March calls
Option bulls scooped up Kinross Gold Corp call options, likely hoping to catch further gains in the Canadian gold miner within the next few weeks. Its U.S. listed shares rose 6 percent to $17.65 at midday. The company is due to release quarterly earnings on Feb. 17.
More than 13,800 March $17 calls traded out of the gate, and several blocks crossed the tape at a premium of $1.30 per contract, said Jud Pyle, chief investment strategist at www.ONN.tv. This action suggests investors bought the options betting the stock could climb even further prior to March options expiration in 38 days, Pyle added. Jon Najarian, co-founder of optionMonster.com, said on its website that a newsletter recommendation to buy KGC March $17 call options was behind the increased volume that traded in small blocks. In all, more than 20,000 contracts in that strike price crossed the tape against open interest of 416 by midday, indicating new positions were initiated, Reuters data show.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1139 ET 09Feb2010
Stocks rise as tentative Greece deal seen
U.S. stocks rose after a source said euro zone countries have decided in principle to help debt-stricken Greece.
'The decision on help for Greece has been taken in principle within the euro zone,' said a senior German ruling coalition source.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1120 EST 9Feb2010-Healthcare sticky issue among the wealthy
survey
Health care remains a persistent concern in wealthy households, a survey by Ipsos Mendelsohn showed on Tuesday.
The Mendelsohn Affluent Survey showed 39 percent of wealthy households were concerned about healthcare in January, down only modestly from a 40 percent in November. A year ago 33 percent cited the issue.
U.S. President Barack Obama is engaged in a divisive struggle to reform health care. The issue was cited among reasons for the shock defeat of Obama's Democratic Party candidate in Massachusetts's Senate race in January.
The survey, which queried 1,362 adults with a household income $100,000 or more, says the economy remained the top concern among that demographic, but the percentage of those citing it fell to 43 percent in January from 60 percent a year ago.
Over the past year world stock markets have bounced sharply as the economy has improved. But with unemployment still high the job market was the third most cited concern, raised by 31 percent of respondents, virtually unchanged over the year.
In January 52 percent of respondents were positive about the economy compared to 49 percent in April when the question was first introduced.
Reuters Messaging: edward.krudy@reuters.com@reuters.net
Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.