MORNING UPDATE: PriceWatch Alerts for NXTL, TASR and More... for 2012-04-13 |
| ----------------------------------------------------------------- MORNING UPDATE: PriceWatch Alerts for NXTL, TASR, AMT, ET, PHM, FON, JNJ, SONS, ATVI and DHI. Dec 13 - 8:30 AM EDT - Before the open... PriceWatch Alerts for NXTL, TASR, AMT, ET, PHM, FON, JNJ, SONS, ATVI and DHI, Market Overview, Put/Call Alert, FuturesWatch, Today's Economic Calendar, Expected Earnings Reports, and the Quote Of The Day. QUOTE OF THE DAY ----------------------------------------------- "The only thing that seems to be fueling our economy is the fact that our housing market is continuing to be strong." -- Marc Schwaber, executive vice president, MortgageIT. PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- NEXTEL Communications. Inc. (Nasdaq: NXTL) Last Price 29.76 - JAN 30.00 CALL OPTION@ $1.20 -> 5.0 % Return assigned* -- Taser International Inc. (Nasdaq: TASR) Last Price 27.02 - MAR 20.00 CALL OPTION@ $8.20 -> 6.3 % Return assigned* -- American Tower CorP. (NYSE: AMT) Last Price 17.50 - JAN 17.50 CALL OPTION@ $0.70 -> 4.2 % Return assigned* -- E-trade Group (NYSE: ET) Last Price 14.80 - APR 13.00 CALL OPTION@ $2.30 -> 4.0 % Return assigned* -- Pulte Homes (NYSE: PHM) Last Price 59.65 - JAN 60.00 CALL OPTION@ $2.80 -> 5.5 % Return assigned* -- Sprint Corp. (NYSE: FON) Last Price 24.14 - FEB 22.50 CALL OPTION@ $2.60 -> 4.5 % Return assigned* -- Johnson & Johnson. (NYSE: JNJ) Last Price 60.25 - APR 60.00 CALL OPTION@ $2.55 -> 4.0 % Return assigned* -- Sonus Networks, Inc. (Nasdaq: SONS) Last Price 5.84 - APR 5.00 CALL OPTION@ $1.35 -> 11.4 % Return assigned* -- Activision Inc. (Nasdaq: ATVI) Last Price 17.75 - JAN 17.50 CALL OPTION@ $1.10 -> 5.1 % Return assigned* -- D. R. Horton Inc. (NYSE: DHI) Last Price 39.29 - JAN 40.00 CALL OPTION@ $1.55 -> 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 Oracle Corp. and Fidelity National Financial lead the list of companies with the most news stories while McDATA Corp., and AEGON N.V. are showing a spike in news. Honeywell International, Time Warner Inc., and Oracle Corp. have the highest srtIndex scores to top the list of companies with positive news while OmniVision Technologies and Delphi Corporation lead the list of companies with negative news reports. Peoplesoft Inc. has popped up with a high positive news sraIndex score. MARKET OVERVIEW------------------------------------------------ Overseas markets are displaying a bullish sentiment this morning as most of the markets that we track are in positive territory, with the lone dissenter being the Hang Seng. The FTSE is up 0.50% supported by Lloyds, with some of the gains in the index being offset by losses in the oil sector. In Asian markets the Nikkei is up 0.30%. However in Hong Kong, it appears that the bears are in control with the Hang Seng closing down 0.11% as Lenovo and HSBC continued to slide. But the Christmas spirit seems to have galvanized the bulls on the BSE Sensex as the index moved higher by 35 points aided by the auto and banking sectors. The December future contract on the 30-year bond was up 3/32 in Friday's trading. Treasuries were flat to slightly higher as the bond markets tried to digest some key economic data. The Institute of Supply Management's manufacturing index fell short of expectations, new orders fell, and the employment index was lower. Amid the slowdown in manufacturing, prices paid rose, suggesting a hint of inflation in the marketplace. While the debt market generally likes weaker economic news due to the lower probability of rising interest rates, it does not take too kindly to the threat of inflation. The yields on the 2-year and 10-year notes stood at 2.934 percent and 4.151 percent respectively, falling as the notes rose. The 2-30 year yield spread stood 189 basis points. DYNAMIC MARKET OPPORTUNITIES------------------------------------- Are Sweet-N-Low?s days numbered? A new sugar substitute is now dominating the US$337 million market for drinks sweeteners ? one that could send the pink packets to the bottom shelf. In essence, Splenda isn't such a new product. The market first saw it back in 2000, and it quickly became a shining star in the new American mentality of dieting and cutting down on pure sugar. But made from sucralose, a derivative of pure sugar, this zero-calorie sweetener does taste eerily similar to its unhealthier cousin. Nevertheless, Splenda keeps emerging on the ingredient list of more and more products ? most recently in Coca-Cola's low-calorie ?C2? soda. It is estimated that more than 10,000 products currently use sucralose, and more are clamoring to add it to their low-calorie repertoire. The trouble is?the strong demand for Splenda has caused a severe shortage of sucralose. So much so, in fact, that the world's only manufacturer of the sugar substitute is being forced to open a second plant in Singapore to keep pace with demand. According to London-based Tate & Lyle, the sole sucralose manufacturer, ?interest has so outpaced expectations the company won't take on new U.S. customers until it has doubled production at its plant in McIntosh, Alabama sometime in early 2006.? With no competition and staggering demand, Tate & Lyle stands to significantly sweeten their pot as diet-happy consumers clamor for Splenda. Tate & Lyle trades in London and was just elevated to the FTSE-100 index after a seven- year absence. It will begin trading there on Friday, December 17. PUT/CALL ALERT ------------------------------------------------- Equity option activity on the CBOE Friday had 263,896 put contracts trade compared to 546,189 call contracts. The resultant 0.483 single-session put/call ratio has allowed the 21-day moving average to drop down to 0.637. The CBOE Market Volatility Index, SPX implied (VIX - 12.76) fell 0.93 percent (OEX implied, VXO - 13.20, down 0.23 percent). The Nasdaq-100 Trust Volatility Index (QQV - 17.79) lost 2.41 percent and the CBOE Nasdaq Market Volatility Index (VXN - 19.57) slid 1.36 percent. FUTURES WATCH -------------------------------------------------- The merger activity taking place early this morning between Oracle and People Soft has given the markets an early boost. The S&P futures are once again within striking distance of the 119950 recent high in the March contract. The retail sales numbers were a tad higher which is also helping the bullish argument. I'm looking for a quiet session today as traders look ahead to tomorrow's FOMC meeting. The Fed is expected to raise rates for the fifth consecutive time in a row. In the meantime, the S&P futures could see some selling below the 119100 level and below the 161600 level in the NASDAQ. TODAY'S ECONOMIC CALENDAR --------------------------------------- 8:30 a.m.: November Retail & Food Sales (last plus 0.2 percent) 8:30 a.m.: November Retail & Food Sales, Ex-autos (last plus 0.9 percent) 10:00 a.m.: October Business Inventories (last plus 0.1 percent) 11:00 a.m.: November Kansas City Fed Mfg Index (last plus 20) EARNINGS EXPECTED TODAY (w/current estimates) ------------------ Cuno Inc. (CUNO) 4Q 0.48 Piedmont Natural Gas (PNY) 4Q -0.21 Portal Software (PRSF) 3Q -0.38 This Morning Update was prepared with data and information provided by: Motley Fool Investing Alert for 2005 ? ?The Case Against Mutual Funds? ? New FREE report details a more successful way for you to invest your money. http://www.investorsobserver.com/phillips 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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Go to: http://www.poweropt.com/247 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. PriceWatch Alerts do not take into account your trade size, brokerage commissions or taxes which will effect actual investment returns. Stocks and |
