MORNING UPDATE: PriceWatch Alerts for INTC and More... for 2009-12-22 |
| ------------------------------------------------------------------ New PriceWatch Alerts for INTC, MS, USB, X, and More... December 22, 8:30 AM EST - Before the open... PriceWatch Alerts for INTC, MS, USB, X, DTV, JCP, IAG, GLW, CRM, and BBBY, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for INTC, MS, USB, X, DTV, JCP, IAG, GLW, CRM, and BBBY PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Intel Corporation (Nasdaq: INTC) Last Price 20.09 - APR 20.00 CALL OPTION@ $1.31 -> 6.5% Return (20.4% Annualized) assigned* -- United States Steel Corp. (NYSE: X) Last Price 52.35 - FEB 50.00 CALL OPTION@ $5.00 -> 5.6% Return (34.0% Annualized) assigned* -- Corning Inc. (NYSE: GLW) Last Price 18.98 - MAY 19.00 CALL OPTION@ $1.60 -> 9.3% Return (22.5% Annualized) assigned* -- Salesforce.com (NYSE: CRM) Last Price 69.72 - MAY 65.00 CALL OPTION@ $10.20 -> 9.2% Return (22.3% Annualized) assigned* -- Bed Bath & Beyond, Inc. (Nasdaq: BBBY) Last Price 38.19 - FEB 38.00 CALL OPTION@ $1.85 -> 4.6% Return (27.8% Annualized) assigned* -- Morgan Stanley (NYSE: MS) Last Price 29.66 - FEB 29.00 CALL OPTION@ $1.99 -> 4.8% Return (29.2% Annualized) assigned* -- US Bancorp (NYSE: USB) Last Price 22.96 - MAR 22.00 CALL OPTION@ $1.96 -> 4.1% Return (19.8% Annualized) assigned* -- DIRECTV Group, Inc. (Nasdaq: DTV) Last Price 33.80 - FEB 33.00 CALL OPTION@ $2.10 -> 4.1% Return (24.9% Annualized) assigned* -- J. C. Penney Company, Inc. (NYSE: JCP) Last Price 27.66 - FEB 27.00 CALL OPTION@ $2.00 -> 5.2% Return (31.8% Annualized) assigned* -- IAMGOLD Corp. (NYSE: IAG) Last Price 15.11 - FEB 15.00 CALL OPTION@ $1.45 -> 9.8% Return (59.7% 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! 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NEWS LEADERS AND LAGGARDS----------------------------------------- So far this morning, State Street (STT), Jabil Circuit (JBL) and Navistar International (NAV) lead the list of companies with positive news, while Take-Two Interactive Software (TTWO) and MannKind Corporation (MNKD) lead the list of companies with negative news. TD Ameritrade (AMTD) and Iamgold (IAG) were upgraded this morning, while Warnaco Group (WRC) and Imax (IMAX) were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading is in fine shape 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 0.55%. In Asia, most markets finished higher. Japanese stocks found support from gains in the technology sector. In Europe, shares climbed for the second straight session on Tuesday, helped by further gains for oil and gas producers. Crude oil backpedaled modestly on Monday, as a severe snap of winter weather wasn't enough to overcome a rebound in the U.S. dollar. Meanwhile, the expiration of the January-dated contract added an extra dash of volatility to the proceedings. By the close, crude oil for January delivery gave up 89 cents, or 1.2%, to end at $72.47 per barrel. The newly front-month February contract ended on a deficit of 70 cents, or 0.94%, at $73.72 per barrel. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,463,648 call contracts traded on Monday, compared to 746,240 put contracts. The resultant single-session put/call ratio arrived at 0.51, while the 21-day moving average slipped to 0.62. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $110.05 and resistance around $112.15. For the Nasdaq 100 (QQQQ), support is near $43.75 and resistance is around $45.15. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Q3 GDP - Third Estimate 10:00 a.m. Nov Existing Home Sales EARNINGS EXPECTED TODAY (w/current estimates) -------------------- CTAS 0.43 CMC -0.04 MU 0.06 NAV 1.52 PRGS 0.55 RHT 0.16 TIBX 0.20 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 |
