MORNING UPDATE: PriceWatch Alerts for XOM and More... for 2011-02-25 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for XOM, GM, SNDK, and More... February 25, 8:30 AM EST - Before the open... PriceWatch Alerts for XOM, KSS, TJX, TOL, OCR, GM, SNDK, UNP, BHI, and SINA, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for XOM, KSS, TJX, TOL, OCR, GM, SNDK, UNP, BHI, and SINA PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Exxon Mobil Corp. (NYSE: XOM) Last Price 85.97 - JUL 85.00 CALL OPTION@ $4.75-> 4.7% Return (12.0% Annualized) assigned* -- Kohl's Corp. (NYSE: KSS) Last Price 53.80 - JUL 52.50 CALL OPTION@ $3.70-> 4.8% Return (12.4% Annualized) assigned* -- The TJX Companies, Inc. (NYSE: TJX) Last Price 50.24 - JUL 50.00 CALL OPTION@ $3.10-> 6.1% Return (15.7% Annualized) assigned* -- Toll Brothers Inc. (NYSE: TOL) Last Price 20.94 - JUN 20.00 CALL OPTION@ $2.20-> 6.7% Return (21.7% Annualized) assigned* -- Omnicare Inc. (NYSE: OCR) Last Price 27.57 - JUN 27.00 CALL OPTION@ $1.65 -> 4.2% Return (13.5% Annualized) assigned* -- General Motors Corporation (NYSE: GM) Last Price 33.02 - APR 33.00 CALL OPTION@ $1.70 -> 5.4% Return (39.2% Annualized) assigned* -- SanDisk Corp. (Nasdaq: SNDK) Last Price 49.02 - APR 49.00 CALL OPTION@ $3.05-> 6.6% Return (48.1% Annualized) assigned* -- Union Pacific Corporation (NYSE: UNP) Last Price 93.71 - AUG 90.00 CALL OPTION@ $8.75 -> 5.9% Return (12.3% Annualized) assigned* -- Baker Hughes Incorporated (NYSE: BHI) Last Price 68.94 - JUL 65.00 CALL OPTION@ $8.25 -> 7.1% Return (18.4% Annualized) assigned* -- Sina Corp. (Nasdaq: SINA) Last Price 78.00 - APR 75.00 CALL OPTION@ $8.00 -> 7.1% Return (52.1% 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----------------------------------------- So far this morning, Boeing (BA), J.C. Penney (JCP) and American International Group (AIG) lead the list of companies with positive news, while First Solar (FSLR), Novatel Wireless (NVTL) and NutriSystem (NTRI) lead the list of companies with negative news. Adobe Systems (ADBE), Goldcorp (GG) and Fifth Third Bancorp (FITB) were upgraded this morning, while Gap (GPS), Transocean (RIG) and Coinstar (CSTR) were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading looks much improved this morning, with nine of the 10 foreign indexes that we track in positive territory. The cumulative average return on the collective stands at a gain of 0.86%. Asian stocks headed broadly higher on Friday, with investors looking past Middle Eastern turmoil to hunt for bargains. Stabilizing crude prices also helped to bolster investor confidence in the region. The situation is the same in Europe, with regional markets heading higher in an attempt to close a volatile week on a positive note. However, the London Stock Exchange was halted this morning due to a technical error in the exchange's main U.K. SETS platform. After tagging yet another two-year high above $100 per barrel, the April crude contract plunged Thursday afternoon following a mix of government interventions -- Saudi Arabia promised to make up for the lost production out of Libya -- and rumors -- scattered and unverified reports claimed that Mu'ammar Qaddafi had been shot. Prices have stabilized in premarket trading, with the April contract up 39 cents at $97.63 per barrel. Elsewhere, the U.S. dollar is headed higher for the first time in three days, with the U.S. Dollar Index up 0.16% at 77.18. The index's 2011 low rests at 76.88. Finally, with nerves calming a bit, gold appears to have lost its safe-haven appeal. In London, the malleable metal is off $14.10 at $1,401.70 an ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,325,329 call contracts traded on Thursday, compared to 940,541 put contracts. The resultant single-session put/call ratio arrived at 0.71, while the 21-day moving average held at 0.58. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $129.55 and resistance above $134.70. For the Nasdaq 100 (QQQQ), support is around $56.15 and resistance is near $59.05. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Q4 GDP 9:55 a.m. Feb Michigan Sentiment EARNINGS EXPECTED TODAY (w/current estimates) -------------------- IAG 0.29 JCP 1.08 NU 0.64 POM 0.11 PSA 1.37 RDC 0.29 IPG 0.31 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 options carries |
