MORNING UPDATE: PriceWatch Alerts for AAPL and More... for 2012-05-15 |
| ----------------------------------------------------------------- MORNING UPDATE: PriceWatch Alerts for AAPL, GS, APOL, NDAQ, and LEN Dec 15 - 8:30 AM EST - Before the open... PriceWatch Alerts for AAPL, GS, APOL, NDAQ, and LEN, Market Overview, Dynamic Market Opportunities, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY -------------------------------------------------- ------------------- "Despite worrisome pockets of violence and destruction, commerce and wealth-building continues apace. On average, world standards of living are rising in large part because of the widening embrace of competitive free markets, especially by populous and growing China and India" -- Alan Greenspan, Chairman, US Federal Reserve Board New PriceWatch Alerts for AAPL, GS, APOL, NDAQ, and LEN... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Apple Computer Inc. (Nasdaq: AAPL) Last Price 72.01 - JAN 70.00 CALL OPTION@ $5.40 -> 5.1 % Return assigned* -- Goldman Sachs Group Inc. (NYSE: GS) Last Price 129.63 - APR 125.00 CALL OPTION@ $10.20 -> 4.7 % Return assigned* -- Apollo Group Inc. (Nasdaq: APOL) Last Price 67.91 - FEB 65.00 CALL OPTION@ $5.70 -> 4.5 % Return assigned* -- NASDAQ Stock Market, Inc. (Nasdaq: NDAQ) Last Price 36.18 - JAN 35.00 CALL OPTION@ $3.30 -> 6.4 % Return assigned* -- Lennar Corp. (NYSE: LEN) Last Price 60.58 - JAN 60.00 CALL OPTION@ $2.95 -> 4.1 % 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, Lennar Corp. and Bear Stearns lead the list of companies with the most positive news stories on news of good earnings numbers. Apollo Group and Goldman Sachs lead the list of negative stories with less promising than expected quarterly reports. In acquisitions/mergers news, Amgen said it plans to acquire Abgenix. Also this morning, Citigroup has upgraded SanDisk. MARKET OVERVIEW---------------------------------------------------- ----------------------- In overseas trading, only five of the 15 markets that we track are showing gains, and the overall average return is -0.213 percent. The FTSE 100 in London and the CAC 40 in Paris are both down 0.3 percent, and the German DAX is level so far on the day. The Nikkei was the biggest loser once again, down 1.4 percent after hitting a five-year high yesterday. The January crude futures contract fell 0.85 percent on Wednesday. The American Automobile Association reported that the national average price of a gallon of regular unleaded gasoline was $2.192 on Wednesday, up from $1.829 a year ago. Meanwhile, natural gas futures for January delivery showed a sharp loss of 4.55 percent, but January heating oil edged forward by 0.46 percent. DYNAMIC MARKET OPPORTUNITIES--------------------------------------- ---------------- With the US Federal Reserve raising interest rates for the 13th straight time since June 2004 on Tuesday, the monetary policy board also more importantly indicated that the end of the increases is near. While the bankers did say that they?d continue to raise the rates at a ?measured? pace, they removed the ?accommodative? assessment from the statement and instead said: ?Further measured policy firming is likely to be needed to keep the risks to the attainment of both sustainable economic growth and price stability roughly in balance.? This signals that the tightening may soon be over. But shortly after the Fed delivered the news, the US trade deficit once again offset the good news by breaking new ground in October, rising 4.4% to a new record of US$68.89 billion from September?s revised US$66 billion. This came thanks to rising demand for foreign oil and natural gas, which offset an increase in exports. Exports were up 1.7%. Imports were up by 2.7%. Elsewhere, it appears much more merger activity is imminent, with three new deals on the way. General Dynamics just agreed to acquire Anteon, the provider of information technology, system integration, and engineering services, for US$55 a share in cash. That?s a 36% premium over Tuesday?s closing price. Under the deal, General Dynamics will assume Anteon?s US$100 million debt. It?s expected to close by the close of Q2 and is expected to ?immediately? add to General Dynamic?s earnings. The New York Times reported that FPL Group Inc is in talks to acquire Constellation Energy for about US$11 billion. According to reports, ?A deal would create an electricity-industry behemoth, with state-regulated utility operations in Florida and Maryland, and a power generation and supply business that operates in deregulated markets around the country. The combined company would own about 25,000 megawatts of power generation fueled by natural gas, coal, nuclear reactors and wind.? Finally, there?s ConocoPhillips, which just agreed to acquire Burlington Resources for US$35.6 billion. The deal would offer Burlington shareholders US$46.50 in cash and 0.7214 shares of ConocoPhillips stock. PUT/CALL ALERT ---------------------------------------------------- --------------------------- Equity option activity on the CBOE saw 555,550 put contracts traded on Wednesday compared to 971,112 call contracts. The resultant single-session put/call ratio climbed to 0.572, while the 21-day moving average slipped very slightly to 0.586. TODAY'S ECONOMIC CALENDAR ----------------------------------------- ------------------- 8:30 a.m. Dec 10 Initial Jobless Claims 8:30 a.m. Dec Empire State Mfg Index 8:30 a.m. Nov Consumer Price Index (CPI) 8:30 a.m. Nov Consumer Price Index (CPI), ex-food and energy 9:00 a.m. Oct Treasury Intl Capital Flows 9:15 a.m. Nov Indus Production 9:15 a.m. Nov Capacity Utilization 10:00 a.m. Dec 3 DJ-BTM Business Barometer 10:30 a.m. Dec 9 U.S. Energy Dept Natural Gas Stocks 12:00 p.m. Dec Philadelphia Fed Business Index 4:30 p.m. Dec 10 Money Supply EARNINGS EXPECTED TODAY (w/current estimates) ------------------ Adobe Systems Inc. (ADBE) 4Q 0.29 Advanced Digital Information Corp. (ADIC) 4Q 0.08 Apollo Grp Inc. (APOL) 1Q 0.71 Ashworth Inc. (ASHW) 4Q (0.16) Bear Stearns Cos. (BSC) 4Q 2.66 FuelCell Energy Inc. (FCEL) 4Q (0.43) Goldman Sachs Grp Inc. (GS) 4Q 3.30 KB Home (KBH) 4Q 3.31 Lennar Corp. (LEN) 4Q 3.33 Oracle Corp. (ORCL) 2Q 0.19 Pier 1 Imports Inc. (PIR) 3Q (0.08) Spartech Corp. (SEH) 4Q 0.30 Tektronix Inc. (TEK) 2Q 0.28 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. 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