MORNING UPDATE: PriceWatch Alerts for COP and More... for 2011-05-03 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for COP, V, AMAT, and More... May 3, 8:30 AM EST - Before the open... PriceWatch Alerts for COP, CBS, NUE, ICE, LEA, V, AMAT, REGN, FMCN, and JBL, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for COP, CBS, NUE, ICE, LEA, V, AMAT, REGN, FMCN, and JBL PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- ConocoPhillips (NYSE: COP) Last Price 77.47 - AUG 77.50 CALL OPTION@ $3.50-> 4.8% Return (16.0% Annualized) assigned* -- CBS Corporation (NYSE: CBS) Last Price 25.65 - SEP 25.00 CALL OPTION@ $2.30 -> 7.1% Return (18.8% Annualized) assigned* -- Nucor Corporation (NYSE: NUE) Last Price 45.65 - JUL 45.00 CALL OPTION@ $2.39 -> 4.0% Return (19.8% Annualized) assigned* -- IntercontinentalExchange, Inc. (NYSE: ICE) Last Price 118.20 - SEP 115.00 CALL OPTION@ $9.70 -> 6.0% Return (16.0% Annualized) assigned* -- Lear Corp. (NYSE: LEA) Last Price 52.24 - SEP 50.00 CALL OPTION@ $4.70 -> 5.2% Return (13.8% Annualized) assigned* -- Visa, Inc. (NYSE: V) Last Price 79.14 - SEP 75.00 CALL OPTION@ $7.10-> 4.1% Return (10.9% Annualized) assigned* -- Applied Materials Inc. (Nasdaq: AMAT) Last Price 15.15 - OCT 15.00 CALL OPTION@ $1.22 -> 7.7% Return (16.3% Annualized) assigned* -- Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) Last Price 53.71 - JUN 50.00 CALL OPTION@ $5.80-> 4.4% Return (34.6% Annualized) assigned* -- Focus Media Holding Ltd. (Nasdaq: FMCN) Last Price 37.27 - JUN 37.00 CALL OPTION@ $2.35 -> 6.0% Return (47.3% Annualized) assigned* -- Jabil Circuit Inc. (NYSE: JBL) Last Price 20.29 - SEP 20.00 CALL OPTION@ $2.10 -> 10.0% Return (26.5% Annualized) assigned* *Annualized returns are shown for comparison purposes only What exactly is a Covered Call? 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NEWS LEADERS AND LAGGARDS----------------------------------------- So far this morning, MasterCard (MA), Massey Energy (MEE) and Herbalife (HLF) lead the list of companies with positive news, while Pfizer (PFE), Sirius XM Radio (SIRI) and Emerson Electric (EMR) lead the list of companies with negative news. Arch Coal (ACI), Hercules Offshore (HERO) and General Motors (GM) were upgraded this morning, while China Unicom (CHU), Community Health Systems (CYH) and Shire plc (SHPGY) were downgraded. MARKET OVERVIEW--------------------------------------------------- Chinese stocks ended a volatile session slightly higher today, with banks leading the path into the black amid rumors of looming policy-tightening measures from the central bank. Indian stocks, meanwhile, ended notably lower after the country's reserve bank raised its key interest rate by half a percentage point, and cautioned that economic growth would slow amid elevated inflation in the first half of the fiscal year. By the close, the Shanghai Composite tacked on 0.7%, while India's Sensex fell 2.4%. Japanese markets were closed for holiday. European markets were trading lower at midday, with buyers exercising caution ahead of interest rate decisions from the Bank of England and the European Central Bank. Along with automakers, Metro AG and Hannover Re AG were leading the laggards in Germany, after both companies offered disappointing earnings reports. At last check, London's FTSE has given up 0.2%, France's CAC 40 is down 0.7%, and Germany's DAX has surrendered nearly 0.8%. The greenback has gained ground this morning, with the U.S. dollar index up almost 0.4%. Elsewhere, crude futures have extended Monday's slide; at last check, the June-dated contract has surrendered 1% to hover around $112.45 per barrel. Meanwhile, gold futures have retreated from record-high territory. In pre-market action, the front-month contract is trading 0.1% lower at $1,542.30 an ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,174,763 call contracts traded on Monday, compared to 594,101 put contracts. The resultant single-session put/call ratio docked at 0.51, while the 21-day moving average remained at 0.59. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $135.40 and resistance above $137.20. For the Nasdaq 100 (QQQ), support is around $58.55 and resistance is near $59.35. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 10:00 a.m. Mar Factory Orders 3:00 p.m. May Auto & Truck Sales EARNINGS EXPECTED TODAY (w/current estimates) -------------------- AMT 0.23 AVP 0.31 BZH -0.47 CBS 0.19 CEPH 2.04 CTSH 0.63 CMCSA 0.34 DUK 0.35 EMR 0.74 FIS 0.45 FSLR 1.16 GNW 0.21 HRS 1.15 HCN 0.73 H 0.05 LM 0.45 MRO 1.44 MA 4.10 MCK 1.60 PCS 0.19 MOLX 0.42 MYL 0.44 NI 0.72 OKE 1.32 OPEN 0.22 PFE 0.59 PXD 0.52 RDC 0.29 SMG 2.05 SE 0.52 TE 0.30 THC 0.13 CLX 1.04 UNM 0.70 WEC 0.66 XL -0.45 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 |
