MORNING UPDATE: PriceWatch Alerts for ADM and More... for 2011-05-02 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for ADM, HUM, MA, and More... May 2, 8:30 AM EST - Before the open... PriceWatch Alerts for ADM, HUM, APC, MEE, MYL, MA, CHK, DNDN, HIG and PFG, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for ADM, HUM, APC, MEE, MYL, MA, CHK, DNDN, HIG and PFG PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Archer Daniels Midland Company (NYSE: ADM) Last Price 37.02 - SEP 36.00 CALL OPTION@ $2.75 -> 5.0% Return (13.2% Annualized) assigned* -- Humana Inc. (NYSE: HUM) Last Price 76.12 - AUG 75.00 CALL OPTION@ $5.05 -> 5.5% Return (18.0% Annualized) assigned* -- Anadarko Petroleum Corporation (NYSE: APC) Last Price 78.94 - AUG 75.00 CALL OPTION@ $7.85 -> 5.5% Return (17.9% Annualized) assigned* -- Massey Energy Co. (NYSE: MEE) Last Price 68.24 - OCT 65.00 CALL OPTION@ $6.90 -> 6.0% Return (12.4% Annualized) assigned* -- Mylan Inc. (Nasdaq: MYL) Last Price 24.92 - OCT 24.00 CALL OPTION@ $2.50 -> 7.0% Return (14.7% Annualized) assigned* -- MasterCard Incorporated (NYSE: MA) Last Price 275.89 - OCT 265.00 CALL OPTION@ $25.85 -> 6.0% Return (12.5% Annualized) assigned* -- Chesapeake Energy Corp. (NYSE: CHK) Last Price 33.67 - OCT 30.00 CALL OPTION@ $5.15 -> 5.2% Return (10.8% Annualized) assigned* -- Dendreon Corp. (Nasdaq: DNDN) Last Price 43.43 - AUG 40.00 CALL OPTION@ $6.00 -> 6.9% Return (22.4% Annualized) assigned* -- Hartford Financial Services Group Inc. (NYSE: HIG) Last Price 28.97 - SEP 27.00 CALL OPTION@ $3.30 -> 5.2% Return (13.5% Annualized) assigned* -- Principal Financial Group Inc. (NYSE: PFG) Last Price 33.75 - OCT 32.00 CALL OPTION@ $3.40 -> 5.4% Return (11.3% 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, Cephalon (CEPH), TiVo (TIVO) and Humana (HUM) lead the list of companies with positive news, while Applied Materials (AMAT), Whole Foods (WFMI) and Sunpower (SPWRA) lead the list of companies with negative news. Netflix (NFLX), Alcoa (AA) and Omnova Solutions (OMN) were upgraded this morning, while Electronic Arts (ERTS), Host Hotels (HST) and V.F. Corp (VFC) were downgraded. MARKET OVERVIEW--------------------------------------------------- Stocks in Asia finished mostly higher on Monday, as traders celebrated news of Osama bin Laden's death. The reports pushed the Japanese yen lower against its U.S. counterpart, which helped to lift exporters like Sony Corp., Canon Inc., and Advantest Corp. By the close, Japan's Nikkei index added nearly 1.6%, marking its first finish north of 10,000 since March 14. Markets in Hong Kong and China, meanwhile, were closed for holiday. European markets were also trading north of breakeven, with news of the Al Qaeda leader's death bolstering global sentiment. At last check, the German DAX has added 0.8%, while France's CAC 40 has tacked on nearly 0.3%. Markets in London, however, are closed for holiday. The greenback has reversed early gains this morning, with the U.S. dollar index down almost 0.1%. Elsewhere, crude futures have pulled back from 31-month-high territory, thanks to news of Osama bin Laden's death. At last check, the June-dated contract has surrendered 2% to hover south of $112 per barrel. Meanwhile, gold futures have continued their trek into record-high territory. In pre-market action, the front-month contract is trading fractionally higher at $1,556.90 an ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,171,354 call contracts traded on Friday, compared to 674,867 put contracts. The resultant single-session put/call ratio docked at 0.58, 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 $132.80 and resistance above $136.60. For the Nasdaq 100 (QQQ), support is around $56.10 and resistance is near $59.30. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 10:00 a.m. Mar Construction Spending 10:00 a.m. Apr ISM Index 3:00 p.m. May Auto & Truck Sales EARNINGS EXPECTED TODAY (w/current estimates) -------------------- APC 0.58 ADP 0.85 BXP 1.09 CHK 0.70 DVA 0.95 EIX 0.63 FE 0.74 FMC 1.44 HIG 0.95 HUM 1.86 L 0.91 MEE 0.58 PFG 0.71 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. 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