MORNING UPDATE: PriceWatch Alerts for WMT and More... for 2010-03-11 |
| New PriceWatch Alerts for WMT, JPM, NOK, VLO, and More... March 11, 8:30 AM EST - Before the open... PriceWatch Alerts for WMT, JPM, NOK, VLO, WSM, PAG, BRCM, BMY, WFR, and RYL, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for WMT, JPM, NOK, VLO, WSM, PAG, BRCM, BMY, WFR, and RYL PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Wal-Mart Stores Inc. (NYSE: WMT) Last Price 53.63 - SEP 55.00 CALL OPTION@ $1.70 -> 5.9% Return (11.3% Annualized) assigned* -- Broadcom Corp. (Nasdaq: BRCM) Last Price 32.83 - MAY 32.00 CALL OPTION@ $2.36 -> 5.0% Return (25.5% Annualized) assigned* -- Bristol-Myers Squibb Company (NYSE: BMY) Last Price 25.65 - SEP 26.00 CALL OPTION@ $1.23 -> 6.5% Return (12.4% Annualized) assigned* -- MEMC Electronic Materials Inc. (NYSE: WFR) Last Price 13.63 - JUL 13.00 CALL OPTION@ $1.75 -> 9.4% Return (26.9% Annualized) assigned* -- Ryland Group Inc. (NYSE: RYL) Last Price 24.57 - JUL 24.00 CALL OPTION@ $2.50 -> 8.7% Return (24.9% Annualized) assigned* -- JPMorgan Chase & Co. (NYSE: JPM) Last Price 42.93 - JUN 42.00 CALL OPTION@ $3.05 -> 5.3% Return (19.4% Annualized) assigned* -- Nokia Corp. (NYSE: NOK) Last Price 14.56 - OCT 15.00 CALL OPTION@ $1.01 -> 10.7% Return (17.8% Annualized) assigned* -- Valero Energy Corp. (NYSE: VLO) Last Price 20.52 - JUN 20.00 CALL OPTION@ $1.66 -> 6.0% Return (22.1% Annualized) assigned* -- Williams-Sonoma Inc. (NYSE: WSM) Last Price 24.39 - AUG 22.50 CALL OPTION@ $3.30 -> 6.7% Return (15.0% Annualized) assigned* -- Penske Automotive Group, Inc. (NYSE: PAG) Last Price 15.97 - AUG 17.50 CALL OPTION@ $1.00 -> 16.9% Return (37.8% 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, Smithfield Foods (SFD), Gymboree Corporation (GYMB), and The Buckle (BKE) lead the list of companies with positive news, while Yahoo! (YHOO), China Sunergy Co. (CSUN), and StemCells, Inc. (STEM) lead the list of commpanies with negative news. Level 3 (LVLT) and Dr Pepper Snapple (DPS) were upgraded this morning, while Bed Bath & Beyond (BBBY), CapitalSource (CSE), and Airgas (ARG) received downgrades. MARKET OVERVIEW--------------------------------------------------- Overseas trading is mixed this morning, as only four of the 10 foreign indexes that we track are in positive territory. The cumulative average return on the collective stands at a loss of 0.06%. In Asia, key indices pared early gains after tracking advances in the U.S. markets. Markets were focused on a slew of economic data out from China, including Chinese consumer inflation for February, which rose a higher-than-expected 2.7% year-on-year, adding to expectations that China will take more monetary tightening steps. Turning to Europe, shares were slightly lower in late morning trade on Thursday as weaker banking and commodity stocks offset gains in utilities and automobiles. Concerns about a stronger Chinese yuan are applying pressure to the U.S. dollar this morning, as the U.S. Dollar Index is off 0.10% this morning at 80.39. Commodities, meanwhile, are trading flat heading into the open. Specifically, the April crude futures contract is up 0.10% at $82.51 per barrel, while gold has slipped $1.30 to $1,106.80 an ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,973,787 call contracts traded on Wednesday, compared to 989,039 put contracts. The resultant single-session put/call ratio arrived at 0.50, while the 21-day moving average slipped to 0.63. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $113.85 and resistance around $115.30. For the Nasdaq 100 (QQQQ), support is near $45.40 and resistance is around $47.30. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. 2/27 Initial Claims 8:30 a.m. 3/6 Continuing Claims 8:30 a.m. Jan Trade Balance 12:00 p.m. Q2 Flow of Funds EARNINGS EXPECTED TODAY (w/current estimates) -------------------- ARO 0.95 JTX 0.48 NSM 0.18 PLL 0.47 SHFL 0.08 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 |
