MORNING UPDATE: PriceWatch Alerts for GE and More... for 2011-08-01 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for GE, AA, ADM, and More... August 1, 8:30 AM EST - Before the open... PriceWatch Alerts for GE, AA, ADM, XL, CTSH, CSCO, EMR, RCL, FST and VMC, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for GE, AA, ADM, XL, CTSH, CSCO, EMR, RCL, FST and VMC PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- General Electric Company (NYSE: GE) Last Price 17.91 - JAN 17.50 CALL OPTION@ $1.43 -> 6.2% Return (13.1% Annualized) assigned* -- Alcoa Inc. (NYSE: AA) Last Price 14.75 - JAN 14.00 CALL OPTION@ $1.81 -> 8.2% Return (17.3% Annualized) assigned* -- Archer Daniels Midland Company (NYSE: ADM) Last Price 30.38 - DEC 29.00 CALL OPTION@ $2.95 -> 5.7% Return (15.1% Annualized) assigned* -- XL Group Plc. (NYSE: XL) Last Price 20.52 - JAN 20.00 CALL OPTION@ $2.21 -> 9.2% Return (19.5% Annualized) assigned* -- Cognizant Technology Solutions Corp. (Nasdaq: CTSH) Last Price 69.87 - OCT 67.50 CALL OPTION@ $5.95 -> 5.6% Return (24.9% Annualized) assigned* -- Cisco Systems Inc. (Nasdaq: CSCO) Last Price 16.01 - JAN 16.00 CALL OPTION@ $1.33 -> 9.0% Return (19.0% Annualized) assigned* -- Emerson Electric Co. (NYSE: EMR) Last Price 49.09 - DEC 48.00 CALL OPTION@ $3.95 -> 6.3% Return (16.8% Annualized) assigned* -- Royal Caribbean Cruises Ltd, (NYSE: RCL) Last Price 30.62 - DEC 30.00 CALL OPTION@ $3.70 -> 11.4% Return (30.3% Annualized) assigned* -- Forest Oil Corporation (NYSE: FST) Last Price 26.00 - NOV 23.00 CALL OPTION@ $4.45 -> 6.7% Return (22.3% Annualized) assigned* -- Vulcan Materials (NYSE: VMC) Last Price 34.29 - JAN 33.00 CALL OPTION@ $3.80 -> 8.2% Return (17.4% 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 making gains in pre-market trading this morning include Aetna Inc. (AET), Humana Inc. (HUM) and Marriott International (MAR). Stocks on the decline include Ventas Inc. (VTR) and Healthcare Reit Inc. (HCN). Stocks receiving upgrades this morning include EMC (EMC), Jetblue Airways (JBLU) and Delta Air Lines (DAL). Stocks receiving downgrades include Sun Healthcare (SUNH), National Healthcare (NHC) and Skilled Healthcare (SKH). MARKET OVERVIEW--------------------------------------------------- Most Asian stocks finished higher today, thanks to optimism over the end of the U.S. debt drama. However, gains in China were relatively muted, after data from both HSBC and the China Federation of Logistics and Purchasing showed a contraction in manufacturing in June. By the close, Japan's Nikkei added 1.3%, South Korea's Kospi gained 1.8%, Hong Kong's Hang Seng advanced 1%, and China's Shanghai Composite edged almost 0.1% higher. In similar fashion, European stocks are higher at midday, after President Obama announced a bipartisan deal to raise the debt ceiling. In equities news, European Aeronautic Defence & Space was up roughly 1.4% after announcing plans to buy Vizada from private-equity fund Apax France, while Porsche Automobil Holding SE soared 1.5% after reporting stronger-than-expected first-half operating profits. At last check, France's CAC 40 and Germany's DAX have each tacked on 0.9%, while London's FTSE 100 is up just 0.02%. Crude futures have advanced this morning, as Congress' debt resolution has boosted the demand for black gold. Ahead of the open, crude oil is up 1.3 points, or 1.3%. Elsewhere, the greenback has given up a portion of its gains, down 0.2 point, or 0.2%, in pre-market activity. Meanwhile, the upbeat news over the U.S. debt situation has had an adverse effect on gold, with the "safe-haven" asset down 12.7 points, or 0.8%, ahead of the open. PUT/CALL RATIO --------------------------------------------------- Option activity on the Chicago Board Options Exchange (CBOE) saw 957,155 call contracts traded on Friday, compared to 750,290 put contracts. The resultant single-session put/call ratio docked at 0.78, while the 21-day moving average remained at 0.65. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $126.55 and resistance above $132.90. For the Nasdaq 100 (QQQ), support is around $57.45 and resistance is near $59.80. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 10:00 a.m. Jul ISM Index 10:00 a.m. Jun Construction Spending EARNINGS EXPECTED TODAY (w/current estimates) -------------------- ALL -1.56 BXP 1.19 FMC 1.51 FST 0.30 L 0.74 PFG 0.72 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 |
