MORNING UPDATE: PriceWatch Alerts for GE and More... for 2012-01-24 |
------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for GE, AMGN, OXY, and More... January 24, 8:30 AM EST - Before the open... PriceWatch Alerts for GE, NVDA, ECA, KGC, MRX, AMGN, PG, SU, UA, PLCM, OXY, VMW, IP, RHT, and YOKU, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for GE, NVDA, ECA, KGC, MRX, AMGN, PG, SU, UA, PLCM, OXY, VMW, IP, RHT, and YOKU PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- General Electric (NYSE: GE) Last Price 18.94 - JUN 19.00 CALL OPTION@ $1.00 -> 5.9% Return (15.0% Annualized) assigned* -- NVIDIA (Nasdaq: NVDA) Last Price 14.61 - JUN 14.00 CALL OPTION@ $1.87 -> 9.9% Return (25.1% Annualized) assigned* -- Encana (NYSE: ECA) Last Price 18.89 - JUL 18.00 CALL OPTION@ $2.10 -> 7.2% Return (14.7% Annualized) assigned* -- Kinross Gold (NYSE: KGC) Last Price 10.67 - AUG 10.00 CALL OPTION@ $1.62 -> 10.5% Return (18.5% Annualized) assigned* -- Medicis Pharmaceutical (NYSE: MRX) Last Price 32.21 - MAR 32.00 CALL OPTION@ $1.80 -> 5.2% Return (36.0% Annualized) assigned* -- Amgen (Nasdaq: AMGN) Last Price 67.78 - APR 67.50 CALL OPTION@ $3.35 -> 4.8% Return (19.8% Annualized) assigned* -- Procter and Gamble (NYSE: PG) Last Price 65.00 - JUL 67.50 CALL OPTION@ $1.23 -> 5.8% Return (11.9% Annualized) assigned* -- Suncor Energy (NYSE: SU) Last Price 34.00 - MAR 34.00 CALL OPTION@ $1.60 -> 4.9% Return (34.0% Annualized) assigned* -- Under Armour (NYSE: UA) Last Price 75.77 - MAR 75.00 CALL OPTION@ $4.90 -> 5.8% Return (40.1% Annualized) assigned* -- Polycom (Nasdaq: PLCM) Last Price 18.42 - MAR 17.50 CALL OPTION@ $2.20 -> 7.9% Return (54.3% Annualized) assigned* -- Occidental Petroleum (NYSE: OXY) Last Price 102.06 - MAY 100.00 CALL OPTION@ $7.60 -> 5.9% Return (18.5% Annualized) assigned* -- VMWare (NYSE: VMW) Last Price 86.00 - FEB 85.00 CALL OPTION@ $5.30 -> 5.3% Return (77.8% Annualized) assigned* -- International Paper (NYSE: IP) Last Price 31.43 - APR 31.00 CALL OPTION@ $1.82 -> 4.7% Return (19.5% Annualized) assigned* -- Red Hat (NYSE: RHT) Last Price 47.00 - MAR 47.00 CALL OPTION@ $2.35 -> 5.3% Return (36.2% Annualized) assigned* -- Youku.com (NYSE: YOKU) Last Price 21.76 - FEB 21.00 CALL OPTION@ $2.00 -> 6.3% Return (91.6% Annualized) assigned* *Annualized returns are shown for comparison purposes only What exactly is a Covered Call? What are the risks, benefits, and requirements? If you are asking yourself these questions, the answers you seek lie in :Covered Calls: Aggressive Strategy for the Conservative Investor: (http://www.poweropt.com/107/). This educational kit, written by the founders of PowerOptions, will teach you the ins and outs of the Covered Call Strategy. PLUS, it comes with two free months of PowerOptions AND a 30 day risk free guarantee! Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting- instructions.asp) and start back testing today! NEWS LEADERS AND LAGGARDS----------------------------------------- Stocks trading higher this morning include Western Digital (WDC), Quest Diagnostics (DGX) and EMC Corp. (EMC). Pointed lower this morning are Zions Bancorp (ZION), International Game Technology (IGT) and Baker Hughes (BHI). The list of analyst upgrades this morning includes Western Digital (WDC), Ternium S. A. (TX) and KLA- Tencor (KLAC). This morning?s list of downgrades includes Omega Health (OHI), LTC Properties (LTC) and Pioneer Natural Resources (PNR). MARKET OVERVIEW--------------------------------------------------- Stocks in Tokyo ended slightly higher today, with traders looking past a stand-off between Greece and its private bondholders. Toyota Motor (TM) was a notable gainer, one day after the automaker unveiled plans to cut 350 jobs from its Australian manufacturing operations. Meanwhile, the European Union's decision to block oil imports from Iran provided a tailwind for energy stocks. However, equities trimmed their gains after the Bank of Japan lowered its growth forecasts for fiscal 2011 and 2012, citing "the slowdown in overseas economies" as one catalyst behind the move. By the close, Japan's Nikkei was up 0.2%. Markets in Hong Kong, China, and South Korea remain closed for holiday. European markets are in the red at midday, with traders on edge after euro-zone finance ministers rejected a restructuring offer from Greek bondholders. Also stoking anxiety is a Wall Street Journal report suggesting that Portugal may need another bailout, as the country attempts to dig out from a 9 billion euro debt load that matures in September 2013. At last look, the French CAC 40 is down 1.2%, the German DAX is off 1%, and London's FTSE 100 is 0.8% lower. The greenback is trading fractionally higher this morning, with the U.S. dollar index up almost 0.1% at last check. Crude oil, meanwhile, remains stuck south of the century mark, with the front- month contract down 0.3% to linger near $99.26 per barrel. Elsewhere, gold futures have pulled back from six-week highs, with the malleable metal down 0.6% to flirt with $1,668.10 an ounce. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,314,148 call contracts traded on Monday, compared to 852,437 put contracts. The resultant single-session put/call ratio arrived at 0.65, while the 21-day moving average was 0.62. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $130.80 and resistance above $134.70. For the Nasdaq 100 (QQQ), support is around $59.45 and resistance is near $60.20. TODAY'S ECONOMIC CALENDAR ---------------------------------------- No significant announcements today. EARNINGS EXPECTED TODAY (w/current estimates) -------------------- AMD 0.16 APD 1.36 ALTR 0.42 AAPL 10.07 BHI 1.32 EAT 0.45 CA 0.54 COH 1.15 CBE 0.95 DD 0.33 EMC 0.46 HOG 0.23 IGT 0.22 JNJ 1.10 KEY 0.20 KMB 1.30 MCD 1.29 NSC 1.40 BTU 1.30 DGX 1.06 RF 0.06 SYK 1.02 TSS 0.31 TRV 1.52 VZ 0.53 WAT 1.50 This Morning Update was prepared with data and information provided by: PowerOptionsPlus.com - The Best Way To Find, Compare, Analyze, and Make Money On Option Investments - Forbes Best of the Web Winner. InvestorsObserver -- Better Strategies for Making Money -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $800, see: http://www.poweropt.com/io 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 www.SevenSummitsInvestmentResearch.com . CRD# 137114 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 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 |