MORNING UPDATE: PriceWatch Alerts for MOT and More... for 2012-05-05 |
| ----------------------------------------------------------------- MORNING UPDATE: PriceWatch Alerts for MOT, WYE, HON, RMBS, and LNG Dec 5 - 8:30 AM EDT - Before the open... PriceWatch Alerts for MOT, WYE, HON, RMBS, and LNG, Market Overview, Dynamic Market Opportunities, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY -------------------------------------------------- ------------------- "If the pernicious drift toward fiscal instability in the United States and elsewhere is not arrested and is compounded by a protectionist reversal of globalization, the adjustment process could be quite painful for the world economy." -- Alan Greenspan, Chairman, US Federal Reserve New PriceWatch Alerts for MOT, WYE, HON, RMBS, and LNG... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Motorola Inc. (NYSE: MOT) Last Price 23.59 - APR 22.50 CALL OPTION@ $2.55 -> 6.9 % Return assigned* -- Wyeth (NYSE: WYE) Last Price 43.20 - JUL 40.00 CALL OPTION@ $5.20 -> 5.3 % Return assigned* -- Honeywell International Inc. (NYSE: HON) Last Price 36.06 - MAR 35.00 CALL OPTION@ $2.50 -> 4.3 % Return assigned* -- Rambus Inc. (NYSE: RMBS) Last Price 16.71 - JAN 15.00 CALL OPTION@ $2.80 -> 7.8 % Return assigned* -- Cheniere Energy Inc. (AMEX: LNG) Last Price 39.13 - MAR 35.00 CALL OPTION@ $6.20 -> 6.3 % 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, Lions Gate Entertainment, Agilent, and Guidant lead the list of companies with the most news stories while Liberty Media and Sears Holdings are showing a spike in news. Merck, Intel, and Verizon have the highest srtIndex scores to top the list of companies with positive news while Tribune Co and Sandisk lead the list of companies with negative news reports. Jos. A Bank Clothiers has popped up with a high positive news sraIndex score. MARKET OVERVIEW---------------------------------------------------- ----------------------- In overseas trading, the various markets are mixed this morning, with only seven of the 15 indices we follow in positive territory. The cumulative average return on the group stands at a meager 0.006-percent gain. In Asia, the Nikkei succeeded in closing the session with a gain of 0.8 percent while Hong Kong?s Hang Seng finished down by 0.3 percent. Turning to Europe, we find that the London FTSE 100 has shed 0.3 percent and the German DAX has retreated 0.2 percent. The French CAC 40 has inched 0.1 percent lower. European shares tumbled this morning with mining and telecom stocks leading the decliners after BHP Billiton said it may abandon its Typhoon platform in the Gulf of Mexico. The January crude futures contract added 85 cents per barrel on Friday, ending the week one percent higher, while natural-gas prices finished the week with a gain of nearly 16 percent. Driving prices higher in the energy sector was forecasts for cold-weather in the U.S. and upbeat economic figures. DYNAMIC MARKET OPPORTUNITIES--------------------------------------- ---------------- As 2005 ends, the Organization for Economic Cooperation and Development (OECD) is providing some upbeat conclusions and forecasts. In evaluating the Eurozone?s prospects, it said growth would total 1.4% this year, and 2.1% the year after. US economic expansion next year will hit a solid 3.5%, with 3.3% expected in 2007. For the 30 OECD nations as a whole, growth is set to hit 2.7% this year and 2.9% in 2006 and 2007. The brighter outlook comes after a spring in which global growth was ?exceptionally vigorous,? despite higher oil prices. The group also said world trade growth will rise from 7.3% this year to 9.1% in 2006 and 9.2% in 2007. Among the OECD?s other proposals: The European Central Bank should leave interest rates on hold for another 12 months. However, the bankers raised rates from 2% to 2.25% last Thursday ? the first move in any direction since June 2003 and the first hike since October 2000. In Japan, it advises the central bank to also leave rates until core inflation hits 1%. And the group also issued its regular warning about political inertia with regard to budget and trade deficits. One OECD economy faring well is Canada. Annualized third quarter growth totaled 3.6% pace ? the fastest pace in a year. A 2.5% climb in exports, including a 7% spike in car shipments, fuelled a decent portion of the growth. It was the quickest growth rate in over a year. Corporate profits also jumped 5.4% - the best since the middle of 2004, thanks to Canada?s position as a leading energy producer. Energy sector growth hit 2.5% for the quarter. The news comes as a boost for incumbent Prime Minister Paul Martin, who is bidding to stay in office in the January 23 general election ? and at a key time, too, having just been the first Canadian leader to be forced from office since 1979 amid a scandal over misuse of government funds. But Tony Blair in Britain proved that while you might not be the most popular figure and get widely criticized for making controversial decisions and presiding over some ugly events, you can still retain power on the back of a solid economic record. It also means that Bank of Canada will probably be forced to raise interest rates. Economists believe it?s tough for the economy to grow much above 2.8% without sparking inflation. PUT/CALL ALERT ---------------------------------------------------- --------------------------- Equity option activity on the CBOE saw 443,058 put contracts traded compared to 769,511 call contracts on Friday. The resultant single-session put/call ratio dropped sharply to 0.576, while the 21-day moving average followed suit to arrive at 0.579. TODAY'S ECONOMIC CALENDAR ----------------------------------------- ------------------- 10:00 a.m. Nov ISM Non-Mfg Index EARNINGS EXPECTED TODAY (w/current estimates) ------------------ AVANIR Pharma. (AVN) 4Q 0.00 CSK Auto Corp. (CAO) 3Q 0.35 Fncl Federal Corp. (FIF) 1Q 0.55 Jos. A. Bank Clothiers Inc. (JOSB) 3Q 0.31 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. 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