MORNING UPDATE: PriceWatch Alerts for F and More... for 2009-08-25 |
| ------------------------------------------------------------------ New PriceWatch Alerts for F, COP, AMZN, WFC, and More... August 25, 8:30 AM EST - Before the open... PriceWatch Alerts for F, COP, AMZN, WFC, YHOO, LO, EXPE, RL, KO, TS, CBS, CREE, NEM, MHP, and VIP, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for F, COP, AMZN, WFC, YHOO, LO, EXPE, RL, KO, TS, CBS, CREE, NEM, MHP, and VIP PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Ford Motor Co. (NYSE: F) Last Price 7.41 - JAN 7.50 CALL OPTION@ $1.03 -> 17.6% Return (44.5% Annualized) assigned* -- ConocoPhillips (NYSE: COP) Last Price 45.31 - NOV 45.00 CALL OPTION@ $2.78 -> 5.8% Return (24.6% Annualized) assigned* -- Newmont Mining Corp. (NYSE: NEM) Last Price 39.94 - OCT 39.00 CALL OPTION@ $2.75 -> 4.9% Return (33.5% Annualized) assigned* -- The McGraw-Hill Companies, Inc. (NYSE: MHP) Last Price 30.71 - OCT 30.00 CALL OPTION@ $2.05 -> 4.7% Return (32.2% Annualized) assigned* -- Vimpel-Communications (NYSE: VIP) Last Price 15.18 - OCT 15.00 CALL OPTION@ $1.55 -> 10.1% Return (69.2% Annualized) assigned* -- Amazon.com Inc. (Nasdaq: AMZN) Last Price 84.50 - OCT 80.00 CALL OPTION@ $7.75 -> 4.5% Return (29.2% Annualized) assigned* -- The Coca-Cola Company (NYSE: KO) Last Price 49.06 - FEB 50.00 CALL OPTION@ $2.15 -> 6.6% Return (13.4% Annualized) assigned* -- Tenaris SA (NYSE: TS) Last Price 29.57 - DEC 25.00 CALL OPTION@ $5.60 -> 4.3% Return (13.5% Annualized) assigned* -- CBS Corporation (NYSE: CBS) Last Price 11.01 - DEC 10.00 CALL OPTION@ $2.10 -> 12.2% Return (38.5% Annualized) assigned* -- Cree Inc. (Nasdaq: CREE) Last Price 35.72 - OCT 35.00 CALL OPTION@ $2.50 -> 5.4% Return (36.9% Annualized) assigned* -- Wells Fargo & Company (NYSE: WFC) Last Price 27.32 - SEP 27.00 CALL OPTION@ $1.40 -> 4.2% Return (60.8% Annualized) assigned* -- Yahoo! Inc. (Nasdaq: YHOO) Last Price 14.99 - JAN 14.00 CALL OPTION@ $2.12 -> 8.8% Return (22.3% Annualized) assigned* -- Lorillard, Inc. (NYSE: LO) Last Price 78.04 - MAR 80.00 CALL OPTION@ $3.50 -> 7.3% Return (12.9% Annualized) assigned* -- Expedia Inc. (Nasdaq: EXPE) Last Price 22.30 - JAN 20.00 CALL OPTION@ $3.90 -> 8.7% Return (22.0% Annualized) assigned* -- Polo Ralph Lauren Corp. (NYSE: RL) Last Price 66.22 - OCT 65.00 CALL OPTION@ $4.40 -> 5.1% Return (35.4% 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, Burger King Holdings, Medtronic, Inc., and Big Lots lead the list of companies with positive news, while Staples and Southern Copper lead the list of companies with negative news. Rio Tinto, Google, and Costco were upgraded this morning, while Companhia Vale do Rio, Central European Distribution Corp., and BlackRock were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading is in trouble this morning, as only one of the 10 foreign indexes that we track is in positive territory. The cumulative average return on the collective stands at a loss of 0.76%. In Asia, stocks ended mostly lower, dragged lower by a drop in Chinese equities amid worries that banks may have to issue new shares to meet stricter capital requirements. Turning to Europe, stock slipped for the first time in four sessions on Tuesday, with banks and miners some of the worst performers as investors took a breather after pushing shares to a fresh annual high in the previous session. Gold futures backpedaled on Monday, hammered by a double dose of technical and fundamental concerns. Gold has come under pressure recently amid remarkably tame inflationary data, and fresh fuel was added to the fire today after the yellow metal tumbled through its 20-day moving average. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 2,007,644 call contracts traded on Monday, compared to 1,083 859 contracts. The resultant single-session put/call ratio arrived at 0.54, while the 21-day moving average slipped to 0.58. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $98.10 and resistance around $104.00. For the Nasdaq 100 (QQQQ), support is near $38.45 and resistance is around $40.60. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 9:00 a.m. Jun S&P/Case-Shiller Home Price Index 10:00 a.m. Aug Consumer Confidence EARNINGS EXPECTED TODAY (w/current estimates) -------------------- BIG 0.30 BCSI 0.22 BGP -0.16 BKC 0.33 CMRG 0.04 CHS 0.10 COCO 0.25 IRF -0.58 MDT 0.78 SPLS 0.16 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 |
