MORNING UPDATE: Seven Summits Research issues alerts for MCD, NKE, GERN, APOL, and GILD
September 19 2005 - 10:52AM
PR Newswire (US)
CHICAGO, Sept. 19 /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 MCD, NKE,
GERN, APOL, and GILD, Market Overview, News leaders and Laggards,
Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE
DAY "All of corporate America is going to use Katrina as an excuse
for all of their problems." -- Cummins Catherwood, managing
director, Walnut Asset Management. New PriceWatch Alerts for MCD,
NKE, GERN, APOL, and GILD... PRICEWATCH ALERTS - HIGH RETURN
COVERED CALL OPTIONS ----------- -- McDonalds Corp. (NYSE:MCD) Last
Price 34.24 - OCT 35.00 CALL OPTION@ $1.10 -> 5.6 % Return
assigned* -- Nike Inc. (NYSE:NKE) Last Price 78.46 - JAN 75.00 CALL
OPTION@ $6.40 -> 4.1 % Return assigned* -- Geron Corp.
(NASDAQ:GERN) Last Price 10.05 - OCT 10.00 CALL OPTION@ $0.70 ->
7.0 % Return assigned* -- Apollo Group Inc. (NASDAQ:APOL) Last
Price 73.77 - JAN 70.00 CALL OPTION@ $7.40 -> 5.5 % Return
assigned* -- Gilead Sciences Inc. (NASDAQ:GILD) Last Price 46.32 -
NOV 47.50 CALL OPTION@ $1.60 -> 6.2 % 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
Overseas trading is largely higher this morning. Trading was quiet
in Asia, with both the Nikkei and the Hang Seng closed for a
holiday. In Europe, the London FTSE 100 has tacked on 0.24 percent,
while the French CAC 40 is up 0.02 percent. On the other hand, the
German DAX has plunged 1.12 percent after opposition leader Angela
Merkel appeared to have won a razor-thin majority in Sunday's poll
over Chancellor Gerhard Schroeder, who refused to concede defeat.
Merkel is the investment community's favorite to implement economic
reforms. The economic calendar is rather light this morning, with
only the NAHB housing market index due out this afternoon. However,
the schedule will heat up again tomorrow with the release of
housing starts, weekly retail sales, and the FOMC meeting. 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 The political jousting regarding sky-high oil and
gasoline prices continue. And British Chancellor Gordon Brown
hasn't endeared himself to the OPEC oil cartel. The oil ministers
aren't happy with recent comments Brown made, blaming high gasoline
prices on producers. As British motorists began to panic and grow
increasingly angry over gasoline prices in the UK last week, Brown
looked to put the pressure on OPEC producers, saying that OPEC
producers responded to price pressure too slowly - a factor that
has driven up costs. OPEC rejected Brown's comments, saying that
the figures didn't support his claim and stated that output has
actually increased in recent years. News pictures last week showed
motorists forming long lines as gas stations on fears that gasoline
supplies were about to run dry. It also came as fuel lobbies and
truckers again began hinting at fuel protests similar to the ones
seen back at the end of 2000, which caused traffic chaos and anger,
as truckers staged motorways "go-slows" and blocked roads in
protest at soaring gasoline prices. Many are unhappy with the
amount of tax per liter that goes to the government and are urging
Brown to cut it. However, the proportion of tax per liter has
actually declined by 10% over the past few years, which appears to
support Brown's claim that it's high oil prices putting pressure on
at the pump, not the government's tax policy. OPEC did agree with
him in saying that the problem needs a "global solution" and
requires the help of all parties concerned. But increasing supply
to facilitate that doesn't look viable in OPEC's view. It fears
such a move would cause a collapse in prices, which would obviously
impact their bottom line. A decline in oil prices isn't likely with
China's economy still surging. A new report from the Organization
of Economic Cooperation and Development (OECD) says a slowdown in
the Chinese economy isn't likely to happen any time soon.
Remarkably, that means a continuation of the average 9.5% economic
growth over the past 20 years. Furthermore, the group thinks that
China's economy will surpass many other Western economies in just
five years time. 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, Corning, Archstone-Smith, and Spinnaker Exploration lead
the list of companies with the most news stories while Sirius
Satellite Radio and Lexar Media are showing a spike in news. Nike,
Boeing, and Burlington Resources have the highest srtIndex scores
to top the list of companies with positive news while eBay and
Overstock.com lead the list of companies with negative news
reports. Newmont Mining 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 1:00 PM Sep NAHB Housing Market Index
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:
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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
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