CHICAGO, Dec. 7 /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 DNA, PDG, AMT, FDX, and CMVT, Market Overview, Dynamic Market Opportunities, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "There's no doubt that we're bringing the short-term deficit under control. The real issue is those long-term deficits." -- John Snow, Treasury Secretary, USA New PriceWatch Alerts for DNA, PDG, AMT, FDX, and CMVT... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Genentech Inc. (DNA) Last Price 97.28 - MAR 95.00 CALL OPTION@ $8.70 -> 7.2 % Return assigned* -- Placer Dome Inc. (PDG) Last Price 22.37 - JUN 20.00 CALL OPTION@ $3.40 -> 5.4 % Return assigned* -- American Tower Corp. (AMT) Last Price 27.85 - APR 27.50 CALL OPTION@ $2.30 -> 7.6 % Return assigned* -- FedEx Corporation (FDX) Last Price 99.01 - APR 95.00 CALL OPTION@ $8.60 -> 5.1 % Return assigned* -- Comverse Technology Inc. (CMVT) Last Price 26.40 - APR 25.00 CALL OPTION@ $3.00 -> 6.8% 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 Overseas trading is looking strong this morning with 12 of the 15 markets that we follow in positive territory. The cumulative average return on the group stands at a 0.361-percent gain. In Asia, the Nikkei finished the session with a 0.4-percent gain while the Hong Kong Hang Seng spiked 1.0- percent higher. Turning to Europe, the London FTSE 100 has added 0.42 percent and the French CAC 40 has inched 0.1 percent higher. On the other hand, the German DAX is down 0.1 percent. The January crude futures contract edged three cents higher yesterday as traders anxiously await the weekly release of crude oil, gasoline, and distillate inventory levels. Expectations are currently mixed for crude oil, but analysts are expecting to see an increase in distillate levels. Meanwhile, the Energy Department stated in a monthly report I that domestic heating bills are likely to be about $203, or 26 percent higher than a year ago. However, the forecast is lower than earlier forecasts of a $258 increase due to warm weather in October and November. According to the report, crude oil prices are expected to average $63 per barrel in 2006. Retail gasoline prices are expected to average $2.41 a gallon and natural-gas prices are expected to average $9.30 per thousand cubic feet in 2006. In early trading this morning, crude oil futures have added 38 cents to climb back above the 60 mark. Get Free Stock Picks from Bernie Schaeffer, 3 time winner of the Wall Street Journal Stock Picking Contest. For your Free Trial go to: http://www.investorsobserver.com/freemo2 DYNAMIC MARKET OPPORTUNITIES Chip giant Intel continues to invest heavily in India in hopes of expanding its operations and develop more local technology companies. Having spent US$700 million over the past ten years, the company just announced that it will invest over US$1 billion in India over the next five years. US$800 million of the new funds will go to tech-heavy Bangalore. Not to be outdone, however, competitor Advanced Micro Devices signed an agreement with the SemIndian consortium. Already looking to build a new US$3 million factory, this gives Sem group licensing of its flagship chip design. This chip news comes after other big Indian investment announcements by the likes of Microsoft and Cisco. According to a recent report in The Times of India, Bill Gates is set to visit the Indian city of Chennai later this year to discuss how "India could collaborate with Microsoft in bridging the digital divide in the country." It appears Gates, who already has offices in Hyderabad and Bangalore, is looking to expand Microsoft's presence in India. Cisco also plans to create a larger presence in India by investing a total of US$1.1 billion in India over the next three years, and will triple its Indian staff in the process. President John Chambers is forecasting at least a 30% annual growth in Indian revenues and was even quoted as saying that "India has rapidly risen to become a major force in the global economy" and that India "may become the largest market for Cisco in Asia." Cisco will also help the Indian government establish "Common Services Centers" in 100 villages. The aim of the centers is to provide residents of rural areas with online access to government services. With both Microsoft and Cisco battling for Indian market share, it's excellent news for the country, which is capitalizing on the fact that it boasts the second-largest pool of software developers in the world after the United States, and the second-largest pool of English-speaking scientific, technical and executive manpower on earth. 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, Microsoft, Brunswick Corp, and 3M lead the list of companies with the most news stories while Boyd Gaming and Sears Holdings are showing a spike in news. Baker Hughes, Comverse Technology, and Intel have the highest srtIndex scores to top the list of companies with positive news while SigmaTel and AutoZone lead the list of companies with negative news reports. Cisco Systems 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 7:00 a.m. Dec 2 MBA Refinancing Index 10:00 a.m. Nov Challenger Layoffs Survey 10:30 a.m. Dec 2 US Energy Dept Crude Oil Stocks 10:30 a.m. Dec 2 US Energy Dept Distillate Stocks 10:30 a.m. Dec 2 US Energy Dept Gasoline Stocks 3:00 p.m. Oct Consumer Credit (previous: -$59M) 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, 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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