MORNING UPDATE: PriceWatch Alerts for RIG and More... for 2010-03-22 |
| New PriceWatch Alerts for RIG, CVS, PM, SU, and More... March 22, 8:30 AM EST - Before the open... PriceWatch Alerts for RIG, CVS, CIT, CHS, CE, PM, SU, CMI, ITMN, and AMSC, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for RIG, CVS, CIT, CHS, CE, PM, SU, CMI, ITMN, and AMSC PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Transocean Ltd. (NYSE: RIG) Last Price 81.84 - MAY 80.00 CALL OPTION@ $4.90 -> 4.0% Return (23.8% Annualized) assigned* -- CVS Caremark Corporation (NYSE: CVS) Last Price 34.55 - AUG 34.00 CALL OPTION@ $2.45 -> 5.9% Return (14.2% Annualized) assigned* -- CIT Group, Inc. (NYSE: CIT) Last Price 38.14 - JUL 38.00 CALL OPTION@ $2.77 -> 7.4% Return (23.2% Annualized) assigned* -- Chico's FAS Inc. (NYSE: CHS) Last Price 14.15 - AUG 15.00 CALL OPTION@ $1.00 -> 14.1% Return (33.8% Annualized) assigned* -- Celanese Corp. (NYSE: CE) Last Price 31.54 - JUN 30.00 CALL OPTION@ $3.00 -> 5.1% Return (21.0% Annualized) assigned* -- Philip Morris International, Inc. (NYSE: PM) Last Price 52.68 - SEP 55.00 CALL OPTION@ $1.51 -> 7.5% Return (15.2% Annualized) assigned* -- Suncor Energy Inc. (NYSE: SU) Last Price 31.05 - JUN 31.00 CALL OPTION@ $2.07 -> 7.0% Return (28.6% Annualized) assigned* -- Cummins Inc. (NYSE: CMI) Last Price 58.16 - JUN 55.00 CALL OPTION@ $5.90 -> 5.2% Return (21.5% Annualized) assigned* -- InterMune Inc. (Nasdaq: ITMN) Last Price 40.78 - APR 40.00 CALL OPTION@ $2.55 -> 4.6% Return (65.0% Annualized) assigned* -- American Superconductor Corporation (Nasdaq: AMSC) Last Price 25.44 - APR 25.00 CALL OPTION@ $1.65 -> 5.1% Return (71.4% Annualized) assigned* 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, Autoliv Inc. (ALV), Medtronic (MDT) and and Novell (NOVL) lead the list of companies with positive news, while Tiffany & Co. (TIF), Google (GOOG), and SunTrust Banks (STI) lead the list of companies with negative news. Boeing (BA), Post Properties (PPS), and Waddell & Reed (WDR) were upgraded this morning, while IAC/InterActive (IACI), Valero Energy (VLO), and Akamai Technologies (AKAM) received downgrades. MARKET OVERVIEW--------------------------------------------------- Overseas trading looks weak this morning, as only two of the 10 foreign indexes that we track are in positive territory. The cumulative average return on the collective stands at a loss of 0.80%. In Asia, stock markets retreated on renewed concerns over Greece's debt problems ahead of a euro zone summit, with caution pervading on news of an India interest rate hike. India's stock market opened nearly 1% lower after the central bank's surprise 25- basis point rate hike on Friday, which came after local markets had closed. Meanwhile, European shares extended losses on Monday morning, led lower by banks and commodity stocks as investors fretted over further monetary tightening in emerging markets. The prospect of additional interest-rate hikes around the globe is having a negative impact on crude futures this morning. Compounding concerns that China may move to tighten its monetary policy, India's Reserve Bank lifted rates by a quarter point. In reaction, crude futures have fallen more than 1% to $80.08 per barrel. Also affected by the concerns for higher interest rates, gold futures have dropped $3.30 to $1,104.30 an ounce. Finally, the U.S. Dollar Index is trending higher in overseas trading, rising 0.12% to 80.82. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,834,092 call contracts traded on Friday, compared to 1,120,410 put contracts. The resultant single-session put/call ratio arrived at 0.61, while the 21-day moving average held at 0.59. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $115.15 and resistance around $117.50. For the Nasdaq 100 (QQQQ), support is near $47.10 and resistance is around $47.95. TODAY'S ECONOMIC CALENDAR ---------------------------------------- No major events expected today. EARNINGS EXPECTED TODAY (w/current estimates) -------------------- MPG 0.03 PVH 0.59 TIF 1.13 WSM 0.73 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.com -- 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 |
