Halftime Report 9.7.2012

Both the Dow and NASDAQ fell below its opening price today by 11:00 am, but the S&P 500 stands alone ahead 0.30% for the day sitting at 1,436.52.  US indices futures have stayed put as well. Metals futures gained substantial points today with gold, silver and copper up 1.99%, 3.02% and 3.57% respectively. Silver is sitting just below its high of the day at 33.67 and a high of 33.74. Copper is right below its daily high at 3.6425 with a high of 3.6525. Natural Gas just moved away from its low of the day at 2.6740 with a low of 2.6660, down 3.67%.

The Cooper Companies, Inc. (COO | 93.33) hit a new all time high today gaining 7.32 when the market opened to sit around 93. The gain is representative of the company’s third quarter growth in income of almost 50% from last year. Analyst expected earnings at $1.29 per share but the company outperformed with earnings of $1.36 per share.

Facebook (FB | 19.11) has shown three straight days of growth up almost 2 dollars from its new 52 week low on Tuesday. How long can Zuckerberg’s statement keep Facebook from continuing it’s slope downward? The 52-week at-the-money implied volatility has touched its low today. Put/call sentiment is bullish and the stock might just continue its slow climb up next week.