MORNING UPDATE: PriceWatch Alerts for JEC, BZH and More... for 2017-01-06 |
First Look: Stocks in the United States are pointed toward a relatively flat open this morning. The final unemployment report for 2016 shows 156,000 new nonfarm jobs created in December, with much of the hiring coming in healthcare and social assistance. The unemployment rate was unchanged at 4.7%. The average workweek was unchanged, although there were some improvements in manufacturing. Wages also showed some improvement, rising by 10 cents and hour. The Nasdaq is up 0.03%, the S&P 500 is down -0.07%, the Dow Jones is down -0.1%. Today's Market Outlook: Neutral Quote of the day When the world seems to shine like you've had too much wine, that's amore. Dean Martin PriceWatch Alerts for JEC, BZH, DSW, TSEM, FRAN ,A, INTU, FL, AEO and HPQ Today's optimal covered call on Jacobs Engineering Group has an assigned return rate of 2.75%. To enter this trade, buy 100 shares of JEC stock at 58.56 per share and selling one contract of the Jacobs Engineering Group Feb 2017 57.5 call for 2.6 for a net debit of $ 55.96 per share. This trade lasts 42 days, giving it an annualized return rate of 23.91%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Beazer Homes USA has an assigned return rate of 8.01%. To enter this trade, buy 100 shares of BZH stock at 13.65 per share and selling one contract of the Beazer Homes USA May 2017 12 call for 2.54 for a net debit of $ 11.1 per share. This trade lasts 133 days, giving it an annualized return rate of 21.98%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on DSW has an assigned return rate of 6.21%. To enter this trade, buy 100 shares of DSW stock at 20.82 per share and selling one contract of the DSW Apr 2017 20 call for 2 for a net debit of $ 18.82 per share. This trade lasts 105 days, giving it an annualized return rate of 21.59%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Tower Semiconductor has an assigned return rate of 6.2%. To enter this trade, buy 100 shares of TSEM stock at 19.34 per share and selling one contract of the Tower Semiconductor Apr 2017 19 call for 1.44 for a net debit of $ 17.89 per share. This trade lasts 105 days, giving it an annualized return rate of 21.56%. The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Francesca's has an assigned return rate of 9.09%. To enter this trade, buy 100 shares of FRAN stock at 17.25 per share and selling one contract of the Francesca's Jun 2017 15 call for 3.5 for a net debit of $ 13.75 per share. This trade lasts 161 days, giving it an annualized return rate of 20.6%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Agilent has an assigned return rate of 2.17%. To enter this trade, buy 100 shares of A stock at 46.54 per share and selling one contract of the Agilent Feb 2017 45 call for 2.5 for a net debit of $ 44.03 per share. This trade lasts 42 days, giving it an annualized return rate of 18.94%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Intuit has an assigned return rate of 2.14%. To enter this trade, buy 100 shares of INTU stock at 115.69 per share and selling one contract of the Intuit Feb 2017 115 call for 3.1 for a net debit of $ 112.59 per share. This trade lasts 42 days, giving it an annualized return rate of 18.6%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Foot Locker has an assigned return rate of 2.08%. To enter this trade, buy 100 shares of FL stock at 71.76 per share and selling one contract of the Foot Locker Feb 2017 70 call for 3.2 for a net debit of $ 68.56 per share. This trade lasts 42 days, giving it an annualized return rate of 18.12%. The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on American Eagle Outfitters has an assigned return rate of 11.11%. To enter this trade, buy 100 shares of AEO stock at 15.19 per share and selling one contract of the American Eagle Outfitters Aug 2017 15 call for 1.7 for a net debit of $ 13.5 per share. This trade lasts 224 days, giving it an annualized return rate of 18.1%. The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Hewlett Packard has an assigned return rate of 6.38%. To enter this trade, buy 100 shares of HPQ stock at 15.06 per share and selling one contract of the Hewlett Packard May 2017 15 call for 0.97 for a net debit of $ 14.09 per share. This trade lasts 133 days, giving it an annualized return rate of 17.51%. The risk assessment of this trade is 4 keys, (Low relative risk). *Annualized returns are shown for comparison purposes *For more details on these covered calls and how you can use them to enhance your portfolio performance, go to: http://www.investorsobserver.com/learningcenter#CoveredCall NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE McCormick & Company, Incorporated (MKC), Huntington Bancshares Incorporated (HBAN) and General Motors Company (GM) are moving higher this morning, while Edwards Lifesciences Corp (EW), Carnival Corp (CCL) and FMC Technologies, Inc. (FTI) are headed lower. Expedia Inc (EXPE), Virtusa Corporation (VRTU) and Cognizant Technology Solutions Corp (CTSH) were upgraded by analysts this morning, while Stryker Corporation (SYK), FTI Consulting, Inc. (FCN) and Clearwater Paper Corp (CLW) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 0.21%, the Australia ASX All Ordinaries is up 0.07%, the Nikkei 225 is down -0.34% the Shanghai SE Composite Index is down -0.35% and the Mumbai Sensex is down -0.44%.Stocks in Europe are down. The Euronext 100 is down -0.43%, the CAC 40 is down -0.39%, the DAX is down -0.16% and the FTSE 100 is down -0.12%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.46 at 54.22 per barrel. Brent crude is up 0.41 at 57.3 per barrel. Natural Gas is down -0.03 at 3.24. Precious metals are down this morning. Gold is down -2.72 at 1177.4 per ounce. Platinum is down -4.59 at 963.4 while silver is down -0.11 at 16.53. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, up against the Yen and down against the Pound. PUT/CALL RATIO Yesterday, 692,416 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 478,639 put contracts. The single-session put/call was 0.69 while the 20-day moving average is now at 0.62. TODAY'S ECONOMIC CALENDAR Nonfarm Payrolls Dec 08:30 Nonfarm Private Payrolls Dec 08:30 Unemployment Rate Dec 08:30 Hourly Earnings Dec 08:30 Average Workweek Dec 08:30 |
