MORNING UPDATE: PriceWatch Alerts for BAC and More... for 2009-09-25 |
| ------------------------------------------------------------------ New PriceWatch Alerts for PALM, NTAP, UTX, EXPE, and More... September 25, 8:30 AM EST - Before the open... PriceWatch Alerts for BAC, TSO, AEO, MA, L, TEVA, STT, ARO, HOG and JOYG, Market Overview, News Leaders and Laggards, Today's Economic Calendar, Support & Resistance Levels, and the Quote Of The Day. New PriceWatch Alerts for BAC, TSO, AEO, MA, L, TEVA, STT, ARO, HOG and JOYG PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Bank of America (NYSE: BAC) Last Price 16.98 - JAN 15.00 CALL OPTION@ $3.15 -> 8.5% Return (27.3% Annualized) assigned* -- Tesoro Corporation (NYSE: TSO) Last Price 14.36 - FEB 13.00 CALL OPTION@ $2.50 -> 9.6% Return (23.7% Annualized) assigned* -- American Eagle Outfitters Inc. (NYSE: AEO) Last Price 16.89 - FEB 15.00 CALL OPTION@ $2.95 -> 7.6% Return (18.8% Annualized) assigned* -- MasterCard Incorporated (NYSE: MA) Last Price 214.94 - JAN 200.00 CALL OPTION@ $24.80 -> 5.2% Return (16.8% Annualized) assigned* -- Loews Corporation (NYSE: L) Last Price 33.59 - JAN 30.00 CALL OPTION@ $5.05 -> 5.1% Return (16.5% Annualized) assigned* -- Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) Last Price 50.75 - DEC 50.00 CALL OPTION@ $2.70 -> 4.1% Return (17.4% Annualized) assigned* -- State Street Corp. (NYSE: STT) Last Price 51.28 - JAN 45.00 CALL OPTION@ $9.05 -> 6.6% Return (21.2% Annualized) assigned* -- Aeropostale Inc. (NYSE: ARO) Last Price 43.20 - NOV 41.00 CALL OPTION@ $4.20 -> 5.1% Return (34.0% Annualized) assigned* -- Harley Davidson Inc. (NYSE: HOG) Last Price 23.53 - JAN 20.00 CALL OPTION@ $4.60 -> 5.7% Return (18.3% Annualized) assigned* -- Joy Global Inc. (Nasdaq JOYG) Last Price 46.33 - NOV 43.00 CALL OPTION@ $5.80 -> 6.1% Return (40.4% 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, Ford Motor Co., Lockheed Martin, and Sara Lee Corp. lead the list of companies with positive news, while Research in Motion and KB Home lead the list of companies with negative news. UAL Corp., McAfee, and Focus Media were upgraded this morning, while Medco Health Solutions, Massey Energy, and Cepheid were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading is mixed heading into the weekend, as only four of the 10 foreign indexes that we track are in positive territory. In Asia, most markets closed lower, with Japanese stocks taking a beating after Nomura Holdings announced a new $5.6 billion share offering. Trading volumes were thin, however. Other financial sector stocks also suffered amid concerns about capital levels in the sector. Resource stocks were generally weak after prices in the base metals complex fell sharply. Turning to Europe, stocks were locked in a tight range on Friday, with gains from commodity-sector stocks offsetting losses for industrials. The losses came as investors took some profits in industrial firms, with Siemens shares down 1.9% in Frankfurt. Crude futures backpedaled to a nine-week nadir on Thursday, as supply and demand concerns continued to plague black gold. Commodities traders remained spooked in the wake of yesterday's inventory report from the Energy Information Administration (EIA), which indicated that domestic oil and gasoline supplies rose by more than expected last week. Meanwhile, the government report showed that weekly crude demand fell to its lowest level since late June, while weekly gasoline demand retreated to a near eight-month low. Against this backdrop, November-dated crude extended yesterday's slide, shedding $3.08, or 4.47%, to finish at $65.89 per barrel, the lowest front-month closing price since late July. Despite Wednesday's Fed-related, after-hours pop, gold futures also journeyed into the red yesterday, finishing beneath the psychologically significant $1,000 level. Weighing on the malleable metal was a strengthening U.S. dollar and a round of discouraging housing data. By the close, gold for December delivery surrendered $15.50, or 1.53%, to settle at $998.90 an ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,483,369 call contracts traded on Thursday, compared to 1,063,091 put contracts. The resultant single-session put/call ratio arrived at 0.72, 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 $104.28 and resistance around $108.03. For the Nasdaq 100 (QQQQ), support is near $41.57 and resistance is around $43.17. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Aug Durable Goods Orders 9:55 a.m. Sep U. of Mich. Consumer Sentiment 10:00 a.m. Aug New Home Sales EARNINGS EXPECTED TODAY (w/current estimates) -------------------- KBH -0.58 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 risk and are not suitable for all investors and investing in options carries substantial risk. Prior to buying or selling |
