MORNING UPDATE: PriceWatch Alerts for MCD and More... for 2012-06-05 |
| ----------------------------------------------------------------- MORNING UPDATE: PriceWatch Alerts for MCD, AMD, SHLD, AZO, and KR Dec 6 - 8:30 AM EDT - Before the open... PriceWatch Alerts for MCD, AMD, SHLD, AZO, and KR, Market Overview, News Leaders and Laggards, FuturesWatch, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY ----------------------------------------------------- ---------------- "The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good." -- Paul Krugman, Commentator, New York Times New PriceWatch Alerts for MCD, AMD, SHLD, AZO, and KR... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- McDonald's Corp. (NYSE: MCD) Last Price 34.57 - MAR 32.50 CALL OPTION@ $3.60 -> 4.9 % Return assigned* -- Advanced Micro Devices Inc. (NYSE: AMD) Last Price 27.27 - APR 25.00 CALL OPTION@ $4.20 -> 8.4 % Return assigned* -- Sears Holdings Corporation (Nasdaq: SHLD) Last Price 116.70 - JAN 115.00 CALL OPTION@ $8.80 -> 6.6 % Return assigned* -- AutoZone Inc. (NYSE: AZO) Last Price 86.95 - MAR 85.00 CALL OPTION@ $6.80 -> 6.1 % Return assigned* -- Kroger Co. (NYSE: KR) Last Price 20.23 - APR 20.00 CALL OPTION@ $1.45 -> 6.5% Return assigned* *For more details on covered calls and how you can use them to enhance your portfolio performance go to http://www.poweropt.com/cchelp.asp NEWS LEADERS AND LAGGARDS--------------------------------------------- --------------- So far today, AutoZone, Cephalon, and Ericsson lead the list of companies with the most news stories while Sears Holdings and Consolidated Edison are showing a spike in news. Bristol-Myers Squibb, MCI, and Brocade Communications have the highest srtIndex scores to top the list of companies with positive news while ConAgra Foods and Dillards lead the list of companies with negative news reports. UTI Worldwide has popped up with a high positive news sraIndex score. MARKET OVERVIEW------------------------------------------------------- -------------------- In overseas trading, traders are struggling to hold onto a positive note, as nine of the 15 foreign indices are in positive territory. The cumulative average return on the collective stands at 0.119 percent. In Asia, the Nikkei and the Hang Seng were both walloped for 100-point losses, as traders sought an opportunity to take some profits off the table. Meanwhile, across the pond in Europe, only the London FTSE 100 was trading in negative territory early this morning. The U.S. Dollar Index dropped 47 cents during the regular session of trading yesterday. The greenback touched a 32-month high against the yen yesterday following comments made on the sidelines of weekend meetings of the world's top finance leaders revealed little Japanese concern over a weaker currency. Late during the session on Monday, the dollar was changing hands at 120.78 yen from 120.16 yen on Friday, a 0.5-percent gain. The dollar reached as high as 121.39 yen, an area last reached in March 2003. Meanwhile, the Canadian dollar hit 14- year highs versus its U.S. counterpart, with the greenback worth as little as C$1.1551 at one point Monday. These gains came on expectations that the Bank of Canada will raise its interest-rate target to 3.25 percent today from 3.0 percent. A rate hike would help give a yield boost to the currency on top of its commodities-related appreciation. The policy move would narrow the gap between Canadian rates and the four-percent U.S. target. In early trading, the dollar is trading higher versus all of our benchmark currencies except the Brazilian real, the Mexican peso, and the Canadian dollar. The January crude futures contract added 89 cents on Monday, tagging a session high of $60.80 per barrel, as frigid temperatures swept through the Northeast and Midwest. On the other hand, January natural gas, which rose above $14 per million British Thermal Units (BTU) for the first time since October 27, finished the day with a loss of 27.1 cents at $13.66 BTU FUTURESWATCH --------------------------------------------------------- -------- Yesterday's consolidation session had equity future setting back a bit which attracted some late buying that seems to carrying over to this morning's session. Oil prices may be done with its recent short covering rally as it shows some early weakness that is also helping to force the equities to move higher. The S&P's should remain strong as long as that market can maintain the 126300 level and the 170000 level in the NASDAQ futures. There is report on factory orders at 9:00 CST that could help the current rally. It certainly looks as if the markets are on mission to retest the recent highs as it continues to attract buyers whenever the markets offer the opportunity. PUT/CALL ALERT ------------------------------------------------------- ------------------------ Equity option activity on the CBOE saw 417,256 put contracts traded compared to 685,572 call contracts on Monday. The resultant single- session put/call ratio rebounded to 0.608, while the 21-day moving average followed suit to arrive at 0.584. TODAY'S ECONOMIC CALENDAR -------------------------------------------- ---------------- 7:45 a.m. Dec 3 ICSC Store Sales Index 8:30 a.m. 3Q Revised Non-Farm Productivity 8:30 a.m. 3Q Revised Unit Labor Costs 8:30 a.m. Dec 3 Redbook Retail Sales Index 10:00 a.m. Oct Factory Orders 3:00 p.m. Nov Treasury STRIPS 5:00 p.m. Dec 4 ABC/Washington Post Consumer Confidence Index EARNINGS EXPECTED TODAY (w/current estimates) ------------------ ADE Corp. (ADEX) 2Q 0.19 America's Car-Mart Inc. (CRMT) 2Q 0.35 AutoZone Inc. (AZO) 1Q 1.55 Brocade Comm. Systems Inc. (BRCD) 4Q 0.04 Casey's General Stores Inc. (CASY) 2Q 0.29 Chordiant Sftwr. Inc. (CHRD) 4Q (0.01) Comtech TeleComm. Corp. (CMTL) 1Q 0.41 Comverse Tech. Inc. (CMVT) 3Q 0.15 Diamond Foods Inc. (DMND) 1Q 0.41 DSW Inc. Cl A (DSW) 3Q 0.21 Innovative Sltns. & Support Inc. (ISSC) 4Q 0.05 Kroger Co. (KR) 3Q 0.26 Nuance Comm. Inc. (NUAN) 4Q 0.04 Sears Hldngs Corp. (SHLD) 3Q 0.28 Tweeter Home Entertainment Group Inc. (TWTR) 4Q (.21) Ulticom Inc. (ULCM) 3Q 0.09 UTi Worldwide Inc. (UTIW) 3Q 0.77 Verint Systems Inc. (VRNT) 3Q 0.26 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 Quote.com QCharts- Real time quotes and streaming technical charts to keep you up with the market. Analyze, predict, and stay ahead. for a Free 30 day trial go to: http://www.investorsobserver.com/MUQuote2 WallStreetSecretsPlus.com ? For Investors Who Need To Know -> Only $1 for your first month plus free bonuses worth over $269, go to: http://gowssp.com/go/mu/ 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 247profits.com: You'll get exclusive financial commentary, access to a global network of experts and undiscovered stock alerts. Register NOW for the FREE 247profits e-Dispatch. Go to: http://www.247profits.com/enter.html 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 |
