MORNING UPDATE: PriceWatch Alerts for RIMM and More... for 2011-12-02 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for RIMM, BP, NFLX, and More... December 2, 8:30 AM EST - Before the open... PriceWatch Alerts for RIMM, BP, BKS, ROST, HBI, NFLX, CF, COST, LEA, and MBI, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for RIMM, BP, BKS, ROST, HBI, NFLX, CF, COST, LEA, and MBI PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Research In Motion Limited (Nasdaq: RIMM) Last Price 18.58 - JAN 17.50 CALL OPTION@ $2.71 -> 10.3% Return (75.0% Annualized) assigned* -- BP plc (NYSE: BP) Last Price 42.75 - JAN 42.50 CALL OPTION@ $2.23 -> 4.9% Return (35.7% Annualized) assigned* -- Barnes & Noble, Inc. (NYSE: BKS) Last Price 14.59 - JAN 14.00 CALL OPTION@ $1.75 -> 9.0% Return (66.0% Annualized) assigned* -- Ross Stores Inc. (Nasdaq: ROST) Last Price 92.28 - FEB 90.00 CALL OPTION@ $5.80 -> 4.1% Return (19.0% Annualized) assigned* -- Hanesbrands Inc. (NYSE: HBI) Last Price 23.20 - JAN 22.50 CALL OPTION@ $1.80 -> 5.1% Return (37.5% Annualized) assigned* -- Netflix, Inc. (Nasdaq: NFLX) Last Price 67.17 - JAN 65.00 CALL OPTION@ $8.25 -> 10.3% Return (75.3% Annualized) assigned* -- CF Industries Holdings, Inc. (NYSE: CF) Last Price 146.98 - JAN 145.00 CALL OPTION@ $11.75 -> 7.2% Return (52.7% Annualized) assigned* -- Costco Wholesale Corporation (Nasdaq: COST) Last Price 87.09 - APR 85.00 CALL OPTION@ $6.05 -> 4.9% Return (12.6% Annualized) assigned* -- Lear Corp. (NYSE: LEA) Last Price 40.86 - JAN 40.00 CALL OPTION@ $2.85 -> 5.2% Return (38.2% Annualized) assigned* -- MBIA Inc. (NYSE: MBI) Last Price 10.21 - JAN 10.00 CALL OPTION@ $1.70 -> 17.5% Return (127.8% Annualized) assigned* *Annualized returns are shown for comparison purposes only What exactly is a Covered Call? What are the risks, benefits, and requirements? If you are asking yourself these questions, the answers you seek lie in :Covered Calls: Aggressive Strategy for the Conservative Investor: (http://www.poweropt.com/107/). This educational kit, written by the founders of PowerOptions, will teach you the ins and outs of the Covered Call Strategy. PLUS, it comes with two free months of PowerOptions AND a 30 day risk free guarantee! Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting- instructions.asp) and start back testing today! NEWS LEADERS AND LAGGARDS----------------------------------------- Stocks pointed towards a higher open this morning include Western Digital (WDC), Morgan Stanley (MS) and Genworth Financial (GNW). Pointed lower this morning are Big Lots (BIG), H&R Block (HRB) and CenturyLink (CTL). Analyst upgrades this morning include lululemon athletic (LULU), Cracker Barrel (CBRL) and Lowes (LOW). The downgrade list this morning includes Beacon Roofing Supply (BECN), Celestica (CLS) and Franklin Resources (BEN). MARKET OVERVIEW--------------------------------------------------- Stocks in Asia ended mixed today, as the bulls let up on the throttle after Thursday's big gains. Traders seemed reluctant to push equities too much higher ahead of the weekend -- particularly with a key U.S. employment report on the day's docket. Meanwhile, automakers took diverging paths in the wake of November sales data. Toyota and Nissan both gained ground after their respective reports, while Honda declined after confessing to another month of weakening sales. By the close, China's Shanghai Composite fell 1.1%, South Korea's Kospi ended fractionally lower, Hong Kong's Hang Seng added 0.2%, and Japan's Nikkei jumped 0.5%. On the other hand, European benchmarks are broadly higher at mid-session. Investor sentiment caught a boost after Merkel and Sarkozy announced a Monday meeting to discuss possible treaty reforms that could facilitate the euro zone's fiscal rehabilitation. At last check, the French CAC 40 has added about 1.8%, the German DAX is up 1.7%, and London's FTSE 100 is 1.7% higher. The U.S. dollar index is headed lower this morning, with the greenback 0.1% lower at $78.23. Crude oil, on the other hand, is hoping to extend its stay above the century mark, with the front- month contract 0.8% higher to trade at $100.97 per barrel. Gold futures are looking to end the week on a positive note. At last check, the malleable metal has added $14.50 to rest at $1,754.30 per ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 841,295 call contracts traded on Thursday, compared to 546,475 put contracts. The resultant single-session put/call ratio arrived at 0.65, while the 21-day moving average was 0.71. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $118.80 and resistance above $126.75. For the Nasdaq 100 (QQQ), support is around $55.45 and resistance is near $58.15. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Nov Hourly Earnings 8:30 a.m. Nov Unemployment Rate 8:30 a.m. Nov Nonfarm Payrolls 8:30 a.m. Nov Average Workweek EARNINGS EXPECTED TODAY (w/current estimates) -------------------- BIG 0.09 This Morning Update was prepared with data and information provided by: PowerOptionsPlus.com - The Best Way To Find, Compare, Analyze, and Make Money On Option Investments - Forbes Best of the Web Winner. InvestorsObserver -- Better Strategies for Making Money -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $800, see: http://www.poweropt.com/io Seven Summits Investment Research is an independent investment research group focusing on the U.S. equities and options markets. Our unique set of analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best investment decisions possible. For more information go to www.SevenSummitsInvestmentResearch.com . CRD# 137114 Schaeffer's Investment Research - Market information that combines unique data with insightful commentary, enabling you to navigate in any market conditions and invest wisely http://www.poweropt.com/sirmmo All stocks and options shown are examples only. These are not recommendations to buy or sell any security and they do not represent in any way a positive or negative outlook for any security. Potential returns do not take into account your trade size, brokerage commissions, taxes or our subscription fees which will affect actual investment returns. Stocks and options involve risk and are not suitable for all investors and investing in |
