MORNING UPDATE: PriceWatch Alerts for T and More... for 2011-10-05 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for T, MA, MS, and More... October 5, 8:30 AM EST - Before the open... PriceWatch Alerts for T, CNX, BWA, PPG, SGEN, MA, CMCSA, EIX, PCAR, PGR, MS, ABX, GPS, FAST, and HFC, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for T, CNX, BWA, PPG, SGEN, MA, CMCSA, EIX, PCAR, PGR, MS, ABX, GPS, FAST, and HFC PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- AT&T, Inc. (NYSE: T) Last Price 28.31 - APR 28.00 CALL OPTION@ $1.93 -> 6.1% Return (11.3% Annualized) assigned* -- CONSOL Energy Inc. (NYSE: CNX) Last Price 34.43 - NOV 34.00 CALL OPTION@ $4.05 -> 11.9% Return (96.6% Annualized) assigned* -- BorgWarner Inc. (NYSE: BWA) Last Price 60.13 - NOV 60.00 CALL OPTION@ $4.80 -> 8.4% Return (68.5% Annualized) assigned* -- PPG Industries Inc. (NYSE: PPG) Last Price 70.67 - NOV 70.00 CALL OPTION@ $4.80 -> 6.3% Return (50.9% Annualized) assigned* -- Seattle Genetics Inc. (Nasdaq: SGEN) Last Price 20.34 - NOV 20.00 CALL OPTION@ $1.65 -> 7.0% Return (56.9% Annualized) assigned* -- MasterCard Incorporated (NYSE: MA) Last Price 307.66 - NOV 305.00 CALL OPTION@ $23.95 -> 7.5% Return (60.9% Annualized) assigned* -- Comcast Corporation (Nasdaq: CMCSA) Last Price 21.17 - NOV 21.00 CALL OPTION@ $1.44 -> 6.4% Return (52.2% Annualized) assigned* -- Edison International (NYSE: EIX) Last Price 36.30 - JAN 35.00 CALL OPTION@ $2.90 -> 4.8% Return (16.2% Annualized) assigned* -- PACCAR Inc. (Nasdaq: PCAR) Last Price 34.41 - JAN 33.00 CALL OPTION@ $4.50 -> 10.3% Return (34.9% Annualized) assigned* -- Progressive Corp. (NYSE: PGR) Last Price 17.83 - JAN 17.50 CALL OPTION@ $1.60 -> 7.8% Return (26.4% Annualized) assigned* -- Morgan Stanley (NYSE: MS) Last Price 14.01 - NOV 12.00 CALL OPTION@ $3.35 -> 12.6% Return (102.0% Annualized) assigned* -- Barrick Gold Corporation (NYSE: ABX) Last Price 44.61 - NOV 44.00 CALL OPTION@ $3.50 -> 7.0% Return (57.0% Annualized) assigned* -- Gap Inc. (NYSE: GPS) Last Price 16.73 - DEC 16.00 CALL OPTION@ $1.83 -> 7.4% Return (36.9% Annualized) assigned* -- Fastenal Co. (Nasdaq: FAST) Last Price 33.45 - NOV 32.50 CALL OPTION@ $2.65 -> 5.5% Return (44.8% Annualized) assigned* -- HollyFrontier Corporation (NYSE: HFC) Last Price 26.34 - NOV 25.00 CALL OPTION@ $3.50 -> 9.5% Return (76.7% 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----------------------------------------- Apollo Group (APOL), International Paper (IP) and Monsanto (MON) are all poised to open higher this morning. Pointing to a lower open today are Sysco Corp. (SYY), General Dynamics (GD) and JDS Uniphase (JDSU). Stocks receiving upgrades this morning include A123 (AONE), Acme Packet (APKT) and Disney (DIS). The list of downgrades this morning includes Comverge (COMV), Hewlett-Packard (HPQ) and Perkin Elmer (PKI). MARKET OVERVIEW--------------------------------------------------- Stocks in Asia ended in the red today, thanks to familiar concerns about the fiscal fate of Europe. Late Tuesday, Moody's cut Italy's sovereign debt rating by three notches to A2, with a negative outlook -- echoing a similar downgrade from Standard & Poor's last month. Meanwhile, Softbank slumped in Tokyo after losing its iPhone exclusivity, while construction companies helped lead the laggards in Seoul amid concerns over the health of the global economy. By the close, South Korea's Kospi gave up 2.3%, and Japan's Nikkei fell 0.9%. Markets in Hong Kong and Shanghai are closed for holiday. Conversely, the major European benchmarks are pointed higher at midday. Italian Prime Minister Silvio Berlusconi's office expressed a general lack of surprise at the Moody's downgrade, and traders seem to share the government's nonchalance. Instead, stocks are on the upswing after the Financial Times reported that euro- zone finance ministers are working toward a plan to recapitalize financial institutions. "Capital positions of European banks must be reinforced to provide additional safety margins and thus reduce uncertainty," said Olli Rehn, commissioner of economic and monetary affairs, in a statement to the paper. At last check, the German DAX has jumped 3.4%, the French CAC 40 is up 2.8%, and London's FTSE 100 is 2.1% higher. The greenback has given back some of its recent gains this morning, with the U.S. dollar index down about 0.8% at last check. After falling to a one-year low on Tuesday, crude oil futures are on the rebound, thanks to a favorable supplies report. Specifically, the American Petroleum Institute last night said domestic oil supplies fell by 3.1 million barrels last week, compared to economists' expectations for an uptick in inventories. Against this backdrop, crude oil futures are up $2.35, or 3.1%, to hover just north of $78 per barrel. Meanwhile, gold futures have extended yesterday's retreat, with the precious metal last seen $4.80, or 0.3%, lower at $1,611.20 an ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,301,264 call contracts traded on Tuesday, compared to 1,013,454 put contracts. The resultant single-session put/call ratio arrived at 0.78, while the 21-day moving average was 0.73. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $107.40 and resistance above $114.20. For the Nasdaq 100 (QQQ), support is around $50.00 and resistance is near $57.35. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 7:00 a.m. 10/1 MBA Mortgage 7:30 a.m. Sep Challenger Job Cuts 8:15 a.m. Sep ADP Employment Change 10:00 a.m. Sep ISM Services 10:30 a.m. 10/1 Crude Inventories EARNINGS EXPECTED TODAY (w/current estimates) -------------------- AYI 0.79 COST 1.09 MAR 0.27 MON -0.27 RT 0.05 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 |
