GTK Gtech

CHICAGO, Sept. 14 /PRNewswire/ -- Seven Summits Research issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks. Before the open... PriceWatch Alerts for NOK, ERTS, KR, GTK, and KG, Market Overview, News leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "With a lot of economic data and the Federal Reserve meeting next week, you're going to find people hesitant to make any big moves." -- Jeff Kleintop, chief investment strategist, PNC Financial Services Group New PriceWatch Alerts for NOK, ERTS, KR, GTK, and KG... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Nokia Corp. ADR (NYSE:NOK) Last Price 16.81 - JAN 17.50 CALL OPTION@ $0.75 -> 9.0 % Return assigned* -- Electronic Arts Inc. (NASDAQ:ERTS) Last Price 61.89 - DEC 60.00 CALL OPTION@ $5.50 -> 6.4 % Return assigned* -- Kroger Co. (NYSE:KR) Last Price 19.97 - JAN 20.00 CALL OPTION@ $1.15 -> 6.3 % Return assigned* -- GTECH Holdings Corp. (NYSE:GTK) Last Price 34.15 - OCT 35.00 CALL OPTION@ $0.80 -> 4.9 % Return assigned* -- King Pharmaceuticals Inc. (NYSE:KG) Last Price 16.09 - JAN 15.00 CALL OPTION@ $2.00 -> 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. MARKET OVERVIEW Of the overseas markets that we track, 11 are gaining ground, with the Nikkei Average down 0.42 percent. In Europe, the activity looks muted with London and Frankfurt a shade down, and Paris 0.34 percent higher. The October futures contract on sweet crude oil lost 0.36 percent. It has been slipping consistently since August 30, and now stands at its lowest closing price since August. October unleaded gas gained nearly one percent and October heating oil added 1.43. In early electronic trading, crude was gaining ground this morning. 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 Despite a slight rally on the Philadelphia Housing Index of late, Yahoo recently ran a front-page story, entitled "Housing Slowdown Could Spell Trouble," in which it theorized that the surging housing market may finally be nearing its peak. That could indeed spell potential trouble for sellers and recent buyers who overextended themselves using one of many new "creative"' loan types. On the surface, of course, the housing numbers continue to look impressive. The market is on pace to record the fifth straight record year for purchases of new and existing houses. But those numbers come with a caveat. Although house prices jumped 13.4% from April to June, that was the biggest increase in 25 years and was more than double the average annual price gain of 6% for the past three decades. No matter what market it is, that kind of growth is unsustainable and must eventually revert back to the mean. In fact, the next few years must see growth figures well below the historical 6% average just to get back to normal levels. And setting the bullishness aside, there are clear signs of a slowdown. Existing home sales fell 2.6% in July. Houses are now staying on the market longer. The Mortgage Bankers Association reports that current demand for mortgages is 11% below the June peak. At Economy.com, Mark Zandi states, "I think what we have is a slow deflating of the housing bubble, not a bursting of the bubble. But if mortgage rates rise more sharply than I am expecting, then the downturn in housing could be more severe." At National City Corp, Richard DeKaser believes the 53 metropolitan areas that represent 31% percent of the country's housing market, are "extremely overvalued and confront a high risk of a future price correction." These statistics mean that homeowners who took out "creative" loans - zero down or interest-only, for example - are in for a shock. When the initial 3-5- year period ends, their new interest rate is likely to rise. Homeowners who stretched their finances may find themselves unable to make their new monthly payments, forcing them to either default on their mortgages or sell their houses. That scenario would put more houses on to a slowing market, further depressing prices. 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 NEWS LEADERS AND LAGGARDS So far today, Sony, Motorola, and Altiris lead the list of companies with the most news stories while Tyson Foods and Lions Gate Entertainment are showing a spike in news. Siebel Systems, Oracle, and M.D.C. Holdings have the highest srtIndex scores to top the list of companies with positive news while Allied Waste Industries and Abbott Labs lead the list of companies with negative news reports. Tribune 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/ TODAY'S ECONOMIC CALENDAR 8:30 AM Retail Sales 8:30 AM Retail Sales ex-auto 9:15 AM Industrial Production 9:15 AM Capacity Utilization 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 http://www.sevensummitsinvestmentresearch.com/ . CRD# 137114 This Morning Update was prepared with data and information provided by: 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 $420, see: http://www.investorsobserver.com/must 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 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.investorsobserver.com/agora Schaeffer's Investment Research - Sign up for your FREE e-weekly, Monday Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now http://www.investorsobserver.com/freemo PowerOptionsPlus - The Best Way To Find, Compare, Analyze, and Make Money On Options Investments. For a 14-Day FREE trial and 5 FREE bonuses go to: http://www.poweroptionsplus.com/ 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. 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 Catherine at 800-698-9101 or at http://www.cboe.com/Resources/Intro.asp. Privacy policy available upon request. DATASOURCE: Seven Summits Research CONTACT: Reid Stratton of Seven Summits Investment Research, +1-800-698-9101

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