MORNING UPDATE: PriceWatch Alerts for ORCL and More...
MORNING UPDATE: PriceWatch Alerts for ORCL, BA, MRVL, and More...
February 16, 8:30 AM EST - Before the open... PriceWatch Alerts for
ORCL, CF, GG, HRB, YOKU, BA, AEM, NBR, TWC, TLCR, MRVL, MON, BK,
AVP, and CY, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for ORCL, CF, GG, HRB, YOKU, BA, AEM, NBR,
TWC, TLCR, MRVL, MON, BK, AVP, and CY
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Oracle Corp. (Nasdaq: ORCL)
Last Price 32.76 - JUN 32.00 CALL OPTION@ $2.26-> 4.9% Return
(14.7% Annualized) assigned*
-- CF Industries Holdings, Inc. (NYSE: CF)
Last Price 143.90 - MAY 140.00 CALL OPTION@ $14.70 -> 8.4% Return
(32.5% Annualized) assigned*
-- Goldcorp Inc. (NYSE: GG)
Last Price 43.97 - JUL 43.00 CALL OPTION@ $3.65-> 6.6% Return
(16.2% Annualized) assigned*
-- H&R Block, Inc. (NYSE: HRB)
Last Price 13.93 - JUL 14.00 CALL OPTION@ $1.00-> 8.3% Return
(20.1% Annualized) assigned*
-- Youku.com Inc. (NYSE: YOKU)
Last Price 33.00 - MAR 33.00 CALL OPTION@ $2.70 -> 8.9% Return
(104.9% Annualized) assigned*
-- Boeing Co. (NYSE: BA)
Last Price 71.40 - MAY 70.00 CALL OPTION@ $4.15 -> 4.1% Return
(15.9% Annualized) assigned*
-- Agnico-Eagle Mines Ltd. (NYSE: AEM)
Last Price 75.53 - MAY 75.00 CALL OPTION@ $5.20 -> 6.6% Return
(25.8% Annualized) assigned*
-- Nabors Industries Ltd. (NYSE: NBR)
Last Price 25.93 - JUN 25.00 CALL OPTION@ $2.64 -> 7.3% Return
(22.0% Annualized) assigned*
-- Time Warner Cable Inc. (NYSE: TWC)
Last Price 71.26 - JUL 70.00 CALL OPTION@ $4.50 -> 4.9% Return
(11.8% Annualized) assigned*
-- Talecris Biotherapeutics Holdings Corp. (Nasdaq: TLCR)
Last Price 24.00 - JUN 22.50 CALL OPTION@ $2.60 -> 5.1% Return
(15.4% Annualized) assigned*
-- Marvell Technology Group Ltd. (Nasdaq: MRVL)
Last Price 18.78 - MAY 18.00 CALL OPTION@ $1.78 -> 5.9% Return
(22.8% Annualized) assigned*
-- Monsanto Co. (NYSE: MON)
Last Price 71.54 - APR 70.00 CALL OPTION@ $4.50 -> 4.4% Return
(27.3% Annualized) assigned*
-- The Bank of New York Mellon Corporation (NYSE: BK)
Last Price 31.05 - JUN 31.00 CALL OPTION@ $1.77 -> 5.9% Return
(17.6% Annualized) assigned*
-- Avon Products Inc. (NYSE: AVP)
Last Price 28.34 - APR 28.00 CALL OPTION@ $1.50 -> 4.3% Return
(26.7% Annualized) assigned*
-- Cypress Semiconductor Corporation (Nasdaq: CY)
Last Price 22.76 - JUN 22.50 CALL OPTION@ $2.00 -> 8.4% Return
(25.1% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Genzyme (GENZ), Deere & Company (DE) and
Abercrombie & Fitch (ANF) lead the list of companies with positive
news, while Borders Group (BGP), SINA Corporation (SINA) and
Denny's Corporation (DENN) lead the list of companies with negative
news. Archer Daniels Midland (ADM), Gap (GPS) and Research In
Motion (RIMM) were upgraded this morning, while Capella Education
(CPLA), Allscripts Healthcare Solutions (MDRX) and Holly (HOC) were
downgraded.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is pointed broadly higher this morning, as nine of
the 10 foreign indexes that we track are in positive territory. The
cumulative average return on the collective stands at a gain of
0.47%. Asian markets headed higher on Wednesday, with investor
tensions easing in the wake of China's latest data on inflation.
Japan's Nikkei extended its rally to three straight sessions, with
exporters rallying on a weaker yen. Meanwhile, European stocks are
trading broadly higher, as Sanofi-Aventis' deal to purchase Genzyme
provided a shot in the arm for investor sentiment.
After sliding to an 11-week low yesterday, crude futures are
looking to reclaim their footing this morning. With a first look at
weekly U.S. petroleum supplies set for release later today, the
March crude contract has added 40 cents to trade at $87.97 per
barrel. A weak U.S. dollar is helping provide ballast for
commodities this morning, with the greenback extending its decline
versus euro. However, the greenback continues to edge higher versus
the yen, extending its push into eight-week high territory versus
the Japanese currency. As a result, the U.S. Dollar Index has
dipped 0.16% in premarket trading. Finally, gold futures are off 60
cents at $1,373.50 an ounce in London, with the malleable metal
struggling to extend yesterday's solid gains.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,364,445 call contracts traded on Tuesday, compared to 754,566
put contracts. The resultant single-session put/call ratio arrived
at 0.56, while the 21-day moving average edged higher to 0.56.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $131.30 and resistance above $133.55. For the Nasdaq 100 (QQQQ),
support is around $57.50 and resistance is near $58.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
7:00 a.m. 2/11 MBA Mortgage Purchase Index
8:30 a.m. Jan Housing Starts
8:30 a.m. Jan Building Permits
8:30 a.m. Jan PPI
9:15 a.m. Jan Industrial Production
9:15 a.m. Jan Capacity Utilization
10:00 a.m. 2/12 Crude Inventories
2:00 p.m. Fed Minutes
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ANF 1.32
CAR -0.06
CBS 0.43
CLF 2.16
CMCSA 0.32
DF 0.14
DE 0.99
DVN 1.41
ESRX 0.70
GENZ 0.86
HCN 0.77
MSO 0.07
NVDA 0.21
ORLY 0.64
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