MORNING UPDATE: brokersXpress, LLC issues alerts for ET, MCD, VC, BBI, and OVTI
August 09 2005 - 9:27AM
PR Newswire (US)
CHICAGO, Aug. 9 /PRNewswire/ -- brokersXpress, LLC issues the
following Morning Update at 8:30 AM EDT with new PriceWatch Alerts
for key stocks. Before the open... PriceWatch Alerts for ET, MCD,
VC, BBI, and OVTI, Market Overview, Today's Economic Calendar, and
the Quote Of The Day. QUOTE OF THE DAY "It isn't that the Fed
strategy isn't clear, but it's whether the Fed strategy will work."
-- John P. Waterman, chief investment officer, Rittenhouse Asset
Management New PriceWatch Alerts for ET, MCD, VC, BBI, and OVTI...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- --
E-trade Group (NYSE:ET) Last Price 16.10 - OCT 16.00 CALL OPTION@
$0.90 -> 5.3 % Return assigned* -- McDonalds Corp. (NYSE:MCD)
Last Price 32.14 - DEC 32.50 CALL OPTION@ $1.50 -> 6.1 % Return
assigned* -- Visteon Corp. (NYSE:VC) Last Price 9.85 - DEC 7.50
CALL OPTION@ $2.75 -> 5.6 % Return assigned* -- Blockbuster Inc.
(NYSE:BBI) Last Price 8.01 - SEP 7.50 CALL OPTION@ $0.90 -> 5.5
% Return assigned* -- OmniVision Technologies Inc. (NASDAQ:OVTI)
Last Price 12.19 - DEC 10.00 CALL OPTION@ $2.80 -> 6.5 % Return
assigned* * To learn more about how to use these alerts and for our
FREE report, "The 18 Warning Signs That Tell You When To Dump A
Stock", go to: http://www.investorsobserver.com/mu18 (Note: You may
need to copy the link above into your browser then press the
[ENTER] key) ** FREE Access to the Market Intelligence Center where
you will find the news, insight and intelligence that can make a
difference in the way you invest, go to:
http://www.investorsobserver.com/FreeMIC NOTE: All stocks and
options shown are examples only. These are not recommendations to
buy or sell any security. NEWS LEADERS AND LAGGARDS So far today,
Clear Channel Communications, Biogen Idec, and MCI lead the list of
companies with the most news stories while King Pharmaceuticals and
NRG Energy are showing a spike in news. Pixar, Time Warner, and
AmeriCredit have the highest srtIndex scores to top the list of
companies with positive news while Blockbuster and Amgen lead the
list of companies with negative news reports. Walt Disney Co has
popped up with a high positive news sraIndex score. For the FREE
article titled, "Earnings Season Decoded - An Essential 15 Point
Checklist For Finding Winning Stocks." go to:
http://www.wallstreetsecretsplus.com/go/freemu/ MARKET OVERVIEW
Overseas trading is cautiously higher ahead of today's
interest-rate report from the FOMC, as eight of the 15 foreign
indices that we track are currently in positive territory. This
trepidation is reflected in the group's cumulative average return
of a mere 0.169. In Japan, traders appeared to be largely
unaffected by the political upheaval that followed parliament's
defeat of the government's postal privatization bill on Monday. The
Nikkei surged more than 121 points on the day, helped by
better-than-expected domestic June machinery orders. In the rest of
Asia, rising oil prices boosted indices. The economic calendar is
packed today, as we are set to receive the preliminary non-farm
productivity and unit labor costs for the second quarter before the
open. Also, we get a peek at retail sales for the past week from
the Redbook Retail Sales Index. However, the report that every one
is waiting for is the FOMC decision on interest rates. While the
Fed is largely expected to lift this key rate by 25 basis points to
3.5 percent, the wording of this release is always carefully
scrutinized. Keep an eye out at 2:15 p.m. Eastern time for that
first tick after the announcement, it could indicate the direction
of the market heading into the close. Be prepared for the investing
week ahead with Bernie Schaeffer's FREE Monday Morning Outlook. For
more details and to sign up, go to:
http://www.investorsobserver.com/freemo DYNAMIC MARKET
OPPORTUNITIES The second week of August started brightly, with
George Bush finally inking the new Energy Bill, worth around
US$14.5 billion. Since this is double what he originally asked for,
the president looks to have achieved a significant personal
victory. However, one look at the oil market to see crude prices
marching to yet another record high over US$64 a barrel will
deflate his mood a little. The spike comes as the US closed its
Embassy and Consulates in Saudi Arabia, the world's leading oil
producer. The US government said that it received terrorist threats
against the buildings. Traders worry that if terrorists strike
against US positions in Saudi Arabia, they will probably also
strike against oil production plants there, forcing refinery
shutdowns that would reduce supply. Oil prices are rising even
though the OPEC oil cartel said it had increased production by
300,000 barrels a day in the past two weeks to 30.4 million barrels
per day. But the market seemingly prefers to focus more on the
streak of problems plaguing US refineries lately. More than half a
dozen, including Exxon-Mobil, BP, Valero Energy, and
ConocoPhillips, have experienced unplanned outages over the past
two weeks, reducing output of consumer end fuels like gasoline.
Since March, the companies have operated at more than 90% of
capacity, in hopes of meeting surging demand for gasoline and
diesel. That, coupled with a decade of under-investment, and with
no new refineries having been built in the US for over 30 years,
means many plants are now finally starting to fail. To add to the
turmoil in Saudi Arabia, Iran said it has resumed work at its
uranium conversion plant, risking sanctions by restarting its
nuclear program. Read more analysis from the 247Profits Group every
trading day with the FREE 247Profits e-Dispatch, featuring
insightful economic commentary, profitable investment
recommendations, and full access to a leading team of financial
experts. Register for free here:
http://www.247profits.com/enter.html TODAY'S ECONOMIC CALENDAR 7:45
a.m. Aug 6 ICSC Store Sales Index 8:30 a.m. 2Q Prelim Non-Farm
Productivity 8:30 a.m. 2Q Prelim Unit Labor Costs 8:55 a.m. Aug 6
Redbook Retail Sales Index 10:00 a.m. June Wholesale Trade 2:15
p.m. FOMC decision on interest rates 5:00 p.m. Aug 6 ABC/Washington
Post Consumer Confidence Index The Mankus Lavelle Group is an
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Member NASD/SPIC. CRD# 127081 This Morning Update was prepared with
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Investments. For a 14-Day FREE trial and 5 FREE bonuses go to:
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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 or taxes which
will affect actual investment returns. Stocks and options involve
risk and are not suitable for all investors and investing in
options carries substantial risk. Prior to buying or selling
options, a person must receive a copy of Characteristics and Risks
of Standardized Options available from Michael at 800-230-5570 or
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