MORNING UPDATE: Seven Summits Research Issues Alerts for SGP, SWN, KLAC, LYO, and IIJI
December 02 2005 - 8:14AM
PR Newswire (US)
CHICAGO, Dec. 2 /PRNewswire/ -- Seven Summits Research issues the
following Morning Update at 8:30 AM EST with new PriceWatch Alerts
for key stocks. Before the open... PriceWatch Alerts for SGP, SWN,
KLAC, LYO, and IIJI, Market Overview, Dynamic Market Opportunities,
News Leaders and Laggards, Today's Economic Calendar, and the Quote
Of The Day. QUOTE OF THE DAY "The economy has weathered the
hurricanes and volatile energy prices," -- Matthew Slaughter, White
House Council of Economic Advisers, USA New PriceWatch Alerts for
SGP, SWN, KLAC, LYO, and IIJI... PRICEWATCH ALERTS -- HIGH RETURN
COVERED CALL OPTIONS -- Schering-Plough Corp. (NYSE:SGP) Last Price
19.05 - MAY 17.50 CALL OPTION@ $2.55 -> 6.1 % Return assigned*
-- Southwestern Energy Co. (NYSE:SWN) Last Price 36.12 - JAN 35.00
CALL OPTION@ $3.50 -> 7.3 % Return assigned* -- KLA-Tencor Corp.
(NASDAQ:KLAC) Last Price 53.86 - MAR 50.00 CALL OPTION@ $6.00 ->
4.5 % Return assigned* -- Lyondell Chemical Co. (NYSE:LYO) Last
Price 25.13 - JAN 25.00 CALL OPTION@ $1.25 -> 4.7 % Return
assigned* -- Internet Initiative Japan Inc. (NASDAQ:IIJI) Last
Price 14.71 - APR 12.50 CALL OPTION@ $3.90 -> 15.6 % 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 Investor's Cheat Sheet -- An essential pocket
reference guide packed with the strategies, tactics, tips, and
rules of thumb for smarter investing. For your FREE Investor's
Cheat Sheet, go to: http://www.investorsobserver.com/FreeCSMU .
NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security. MARKET OVERVIEW In
overseas trading, markets are following the US yesterday and are
mostly in the positive. Seven of eight reporting Asian/Pacific
markets are up with the Japan Nikkei 225 up 1.92%, but the China
Shanghai Composite down 0.41%. Eight of nine reporting European
markets are up including the Netherlands AEX General, which is up
0.52%. DYNAMIC MARKET OPPORTUNITIES Not since June 2003 had the
European Central Bank made any change to Eurozone interest rates.
This came much to the irritation of many national leaders and
finance ministers throughout the region, who had practically begged
the bankers to cut rates to stimulate non-existent economic growth.
They finally got their wish on Thursday -- but the bankers decided
to move the other way and raise rates from 2% to 2.25% amid rising
inflation, as the Eurozone inflation rate nudged above the target
2% level recently, including a 2.6% mark in September. The
announcement was expected, since President Jean- Claude Trichet had
prepared the region for the news a couple of weeks ago. In doing
so, the bank ignored calls from the Organization for Economic
Cooperation and Development to leave interest rates unchanged again
amid flagging economic growth and an uncertain future. Economic
growth projections for this year are pegged between 1.2% and 1.6%
and from 1.4% to 2.4% in 2006. In the current climate, for the
Eurozone economy to expand by 2.4% in 2006 seems somewhat
optimistic. As the central bank was announcing the upward move for
interest rates, news also broke that the region's manufacturing
sector rose at the fastest pace in 14 months in November. The
double boost of a 20% decline in oil prices since the end of
August, as well as the euro losing some of its value against the US
dollar is helping manufacturers regain their footing. On the
subject of interest rates, Brazil's massive 18.5% base rate hauled
back a brief rally in consumer spending and resulted in the economy
growing at a mere 1% annual pace during the third quarter, the
slowest in two years. This shattered estimates calling for a 2.1%
gain and was a hefty disappointment after the 4% growth posted
during the second quarter. In the 12 months to September, GDP
growth was 3.1% compared to 4.6% and 4.4% in the first and second
quarters. Full-year growth should hit 3.4% compared to 4.9% in
2004. 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, Intel, Baker Hughes, and Novell lead the
list of companies with the most news stories while JDS Uniphase and
Inspire Pharmaceuticals are showing a spike in news. Starbucks,
Tribune Co, and Allergan have the highest srtIndex scores to top
the list of companies with positive news while Cognos and
AmerisourceBergen lead the list of companies with negative news
reports. LM Ericsson Telephone 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 There are no major economic reports
scheduled for release. 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 . 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, taxes or our
subscription fees 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 Investment Research
CONTACT: Reid Stratton of Seven Summits Investment Research,
+1-800-698-9101
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