Major indices are in the green this Monday morning, surging to new highs. NVDIA (NVDA) leads the pack higher, up another 3.3% this morning after ending Friday up more than 6%. This follows recent comments from Evercore ISI analyst C.J. Muse that shares would soon hit $250. In other news, Northrop Grumman (NOC) announced that it would purchase Orbital ATK (OA) in a deal valued at $7.8 billion. Shares of OA are up 20%.
Here are your Monday morning market metrics. Industries doing well today include construction materials, construction & engineering, and semiconductors. Industries showing weakness include healthcare technology, leisure products, and airlines. The VIX is down 2.16% to 9.95 after closing on Friday at 10.17. The most heavily traded options this morning are for the WisdomTree Japan Hedged Equity ETF (DXJ), with 6K October-27 54.5 on the board. The total put/call ratio as of 10:00 AM was 0.95 (370,125/352,885). The advancers/decliners ratio for NYSE stocks is 1,945/816, while the advancers/decliners ratio for NASDAQ stocks is 1,872/824.