MORNING UPDATE: PriceWatch Alerts for WMT and More... for 2009-08-13 |
| ------------------------------------------------------------------ New PriceWatch Alerts for WMT, EMC, ABT, ERTS, and More... August 13, 8:30 AM EST - Before the open... PriceWatch Alerts for WMT, EMC, ABT, ERTS, KR, TYC, BBT, HOT, INTU, and FLS, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for WMT, EMC, ABT, ERTS, KR, TYC, BBT, HOT, INTU, and FLS PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Wal-Mart Stores Inc. (NYSE: WMT) Last Price 50.51 - DEC 50.00 CALL OPTION@ $3.00 -> 5.2% Return (14.9% Annualized) assigned* -- BB & T Corp. (NYSE: BBT) Last Price 25.71 - SEP 25.00 CALL OPTION@ $1.85 -> 4.8% Return (47.1% Annualized) assigned* -- Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) Last Price 29.03 - SEP 29.00 CALL OPTION@ $2.10 -> 7.7% Return (75.8% Annualized) assigned* -- Intuit Inc. (Nasdaq: INTU) Last Price 31.02 - JAN 30.00 CALL OPTION@ $2.95 -> 6.9% Return (16.1% Annualized) assigned* -- Flowserve Corp. (NYSE: FLS) Last Price 89.27 - OCT 85.00 CALL OPTION@ $7.90 -> 4.5% Return (25.1% Annualized) assigned* -- EMC Corporation (NYSE: EMC) Last Price 15.19 - JAN 15.00 CALL OPTION@ $1.47 -> 9.3% Return (21.8% Annualized) assigned* -- Abbott Laboratories (NYSE: ABT) Last Price 44.01 - NOV 44.00 CALL OPTION@ $2.30 -> 5.5% Return (20.4% Annualized) assigned* -- Electronic Arts Inc. (Nasdaq: ERTS) Last Price 21.10 - SEP 21.00 CALL OPTION@ $1.10 -> 5.0% Return (49.3% Annualized) assigned* -- Kroger Co. (NYSE: KR) Last Price 21.27 - JAN 20.00 CALL OPTION@ $2.30 -> 5.4% Return (12.7% Annualized) assigned* -- Tyco International Ltd. (NYSE: TYC) Last Price 31.63 - OCT 31.00 CALL OPTION@ $1.90 -> 4.3% Return (24.0% Annualized) assigned* *Annualized returns are shown for comparison purposes only What exactly is a Covered Call? What are the risks, benefits, and requirements? 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NEWS LEADERS AND LAGGARDS----------------------------------------- So far this morning, Wal-Mart Stores, Urban Outfitters, and Bank of America Corp. lead the list of companies with positive news, while Kohl's Corporation, Advance Auto Parts, and URS Corporation lead the list of companies with negative news. Home Depot, Coca-Cola Enterprises, and Harris Corp. were upgraded this morning, while Lowe's, Palm, and DR Horton were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading looks strong this morning, as eight of the 10 foreign indices that we track are in positive territory. The cumulative average return on the collective stands at a gain of 1.19%. In Asian trading, regional indexes closed higher after the FOMC indicated that the worst was over for the U.S. economy, with resource stocks especially strong on higher metal and crude-oil prices. European shares rose sharply in early Thursday trading, with investors buying into the mining sector following stronger- than-forecast gross domestic product readings from France and Germany. Crude futures were buoyed Wednesday by the same bullish sentiment that lifted the equities market. Traders generally shrugged off the day's inventory data, which revealed that crude supplies jumped last week by 2.5 million barrels -- more than tripling the increase expected by analysts. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,520,786 call contracts traded on Wednesday, compared to 927,621 put contracts. The resultant single-session put/call ratio arrived at 0.61, while the 21-day moving average held at 0.61. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $99.45 and resistance around $102.00. For the Nasdaq 100 (QQQQ), support is near $39.05 and resistance is around $40.20. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Jul Import & Export Prices 8:30 a.m. 8/08 Initial Claims 8:30 a.m. Jul Retail Sales 10:00 a.m. Jun Business Inventories EARNINGS EXPECTED TODAY (w/current estimates) -------------------- ACMR -0.23 ADSK 0.19 BBI -0.12 DV 0.50 DPS 0.49 KSS 0.74 JWN 0.48 RRGB 0.37 EL 0.20 URBN 0.26 WMT 0.86 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 |
