MORNING UPDATE: PriceWatch Alerts for WFMI and More... for 2012-05-28 |
| ----------------------------------------------------------------- MORNING UPDATE: PriceWatch Alerts for WFMI and NOK Dec 28 - 8:30 AM EST - Before the open... PriceWatch Alerts for WFMI and NOK, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY -------------------------------------------------- ------------------- "The only thing money gives you is the freedom of not worrying about money." -- Johnny Carson, Host, Tonight Show New PriceWatch Alerts for WFMI and NOK ... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Whole Foods Market Inc. (Nasdaq: WFMI) Last Price 75.44 - MAY 75.00 CALL OPTION@ $5.25 -> 6.9 % Return assigned* -- Nokia Corp. (NYSE: NOK) Last Price 18.56 - JUL 17.50 CALL OPTION@ $2.05 -> 6.0 % 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, Celgene, Weatherford, and Metso Minerals lead the list of companies with the most news stories while Bank of America and MBNA Corp are showing a spike in news. Viacom, Nokia, and Microsoft have the highest srtIndex scores to top the list of companies with positive news while AstraZeneca and Sony lead the list of companies with negative news reports. Whole Foods Market has popped up with a high positive news sraIndex score. MARKET OVERVIEW---------------------------------------------------- ----------------------- Trading is higher overseas this morning, with eight of the 15 indices we follow in positive territory. The cumulative average return on the group stands at a 0.12-percent gain. In Asia, Japan's benchmark Nikkei 225 soared to a new five-year closing high as traders bet continuing U.S. dollar strength would benefit exporters. The index skyrocketed 225 points, or 1.4 percent, while the broader Topix rose 0.98 percent. Data released Tokyo showed November industrial production rose 1.4 percent from October?s numbers, disappointing analysts who expected a gain of 1.9 percent. Meanwhile, the Hong Kong Hang Seng shed 0.5 percent. In Europe, the French CAC 40 is flat while the German DAX has added 0.1 percent. Furthermore, trading resumed in London after a four-day weekend, with the FTSE 100 tacking on 0.35 percent. The February gold futures contract jumped nearly one percent higher as the market tripped lower in trading yesterday. Also boosting the yellow metal were forecasts of continued strong physical demand from China, India and the Middle East. In early trading, the yellow metal has continued its trek higher, breaking above its 20- day moving average to hit $513 an ounce. The February crude contract dropped 0.43 percent on Tuesday. The president of the Organization of Petroleum Exporting Countries (OPEC) said the group will not cut production by two million barrels per day at its next meeting, although it will make a reduction. OPEC expects demand to decline to 27.8 million barrels a day in the second quarter from almost 29.8 million barrels a day. Meanwhile, natural gas futures plummeted 10 percent to finish at their lowest level in four months due to forecasts of warmer temperatures than average across the United States this week. The U.S. National Weather Service announced at the weekend that demand for heating fuels could be up to 25 percent below normal this week, as most of the country will see unseasonably mild temperatures. In early trading this morning, crude oil was relatively flat, shedding four cents to hit $58.12 per barrel in electronic trade, while natural gas futures weakened 2.2 cents to $11 per million British thermal units. PUT/CALL ALERT ---------------------------------------------------- --------------------------- Equity option activity on the CBOE saw 460,064 put contracts traded on Tuesday compared to 603,195 call contracts. The resultant single-session put/call ratio spiked to 0.763, while the 21-day moving jumped to 0.601. TODAY'S ECONOMIC CALENDAR ----------------------------------------- ------------------- 7:00 a.m. Dec 23 MBA Refinancing Index 7:45 a.m. Dec 24 ICSC Store Sales Index 8:55 a.m. Dec 24 Redbook Retail Sales Index 10:00 a.m. Dec Conference Board Consumer Confidence Index EARNINGS EXPECTED TODAY (w/current estimates) ------------------ There are no major earnings scheduled for release today. 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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. 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