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Tuesday Options Recap

Nov 17, 2009 - 4:01 PM EST

Frederic Ruffy submits:

Sentiment

Stocks opened lower after the latest round of earnings and economic news failed to spur another round of buying interest in the equity market Tuesday morning. Dow component Home Depot (HD) slid at the open after the home improvement retailer reported better-than-expected earnings for the most recent quarter, but offered only in-line guidance for the full year. Target (TGT), JC Penney (JCP), and SunPower (SPWRA) are also seeing post-earnings weakness.

Meanwhile, the day's economic news included a weaker than expected Producer Price Index (+.3 percent vs. .5 percent consensus) and a disappointing read on industrial production (+.1 percent vs. +.4 percent consensus).

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Source: Seeking Alpha (Nov 17, 2009 - 4:01 PM EST)