MORNING UPDATE: Mankus-Lavelle Group issues alerts for CSCO, ATYT, OPWV, BBBY, and ZMH CHICAGO, June 23 /PRNewswire/ -- Mankus-Lavelle Group issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks. Before the open... PriceWatch Alerts for CSCO, ATYT, OPWV, BBBY, and ZMH, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "Climate change is real, there is now strong evidence that climate change is growing." -- John McCain, US Senator. New PriceWatch Alerts for CSCO, ATYT, OPWV, BBBY, and ZMH... PRICEWATCH ALERTS -- HIGH RETURN COVERED CALL OPTIONS ----------- -- Cisco Systems, Inc. (NASDAQ:CSCO) Last Price 19.80 -- OCT 20.00 CALL OPTION@ $0.90 -> 5.8 % Return assigned* -- ATI Technologies, Inc. (NASDAQ:ATYT) Last Price 12.78 -- AUG 12.50 CALL OPTION@ $0.90 -> 5.2 % Return assigned* -- Openwave Systems, Inc. (NASDAQ:OPWV) Last Price 17.70 -- AUG 17.50 CALL OPTION@ $1.25 -> 6.4 % Return assigned* -- Bed Bath & Beyond, Inc. (NASDAQ:BBBY) Last Price 44.37 -- JUL 45.00 CALL OPTION@ $1.25 -> 4.4 % Return assigned* -- Zimmer Holdings, Inc. (NYSE:ZMH) Last Price 76.29 -- SEP 75.00 CALL OPTION@ $4.60 -> 4.6 % 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 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. NEWS LEADERS AND LAGGARDS So far today, ATI Technologies, Abbott Laboratories, and Family Dollar Stores lead the list of companies with the most news stories while Bed Bath & Beyond and New Century Financial Corp are showing a spike in news. Sanofi- Aventis, Alcoa, and Microsoft have the highest srtIndex scores to top the list of companies with positive news while General Motors and Gannett Co lead the list of companies with negative news reports. General Electric 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/ MARKET OVERVIEW Overseas markets are faring well for the third day in a row this week, as 13 of the 15 foreign indices that we track are currently in positive territory. The average return for the collective stood at 0.248 in early trading this morning. In Europe, automakers were rebounding somewhat after yesterday's rather nasty sell off. Furthermore, semiconductors received a boost after Infineon Technologies announced that it is considering spinning off its DRAM memory chip unit for a possible initial public offering later this year. Asian markets were also better off, as Japanese economic activity in April rose 1.7 percent from March, according to the Ministry of Economy, Trade, and Industry. The rise bested the 1.4-percent gain expected by economists. Futures are trading mixed this morning, as crude futures have regrouped and begun to march higher once again. The August contract gained 13 cents to $58.22 in early trading after plunging nearly two percent yesterday. Elsewhere in the oil pits, CNOOC, China's biggest offshore oil company, officially launched a takeover bid for Unocal last night. CNOOC is offering $18.5 billion for Unocal, easily topping Chevron's current bid for the oil concern. 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 Brit Ryle, financial writer and investment expert with the 247profits group, is on record with a forecast that says the US Federal Reserve will increase interest rates to 3.5%. With current rates at 3%, that means the Fed should pause in the very near future. Ryle is in good company. Global bond fund guru Bill Gross of PIMCO bond funds has also said that the Fed can't risk going higher than 3.5%. In addition, Gross sees the potential for rate cuts early next year. While the idea of a rate cut is debatable at this point, it could happen if oil prices remain prohibitively high. One institution that is pondering an interest rate cut, however, is the Bank of England. Minutes from the bankers' June meeting show that this could be a possibility. Two of the nine-member panel -- Marian Bell and Charles Bean voted for a rate cut. However, all seven other members voted for 'no change.' The shift in thinking from Bell and Bean comes after an 8-1 "no change" vote in May, with the one exception suggesting a rate increase. It also comes amid signs of a notable slowdown in consumer spending and poor retail sales, as well as a long-awaited cooling in the housing sector that is further eroding consumer confidence. But the two were outvoted by the others, who argued that more evidence was needed before the bank reverses the rate hiking trend it started in November 2003 and ended in August 2004, five hikes and with rates 1.25% higher at 4.75%. But with little sign of a rebound in consumer spending and with the housing market gradually sliding from its peak, some are now projecting a rate cut by the end of the summer. 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 TODAY'S ECONOMIC CALENDAR 8:30 AM June 18 Initial Jobless Claims 10:00 AM June 11 DJ-BTM Business Barometer 10:00 AM May exist Home Sales 4:30 PM June 18 Money Supply The Mankus-Lavelle Group is an independent brokerage branch of brokersXpress, LLC, a wholly owned subsidiary of optionsXpress Holdings, Inc. The Mankus-Lavelle Group has some of the most experienced, respected options professionals in the industry. Both novice option investors and experienced traders are attracted to MLG. Less experienced investors appreciate Mankus- Lavelle Group's friendly expert guidance while more seasoned investors value Mankus-Lavelle Group's highly trained staff of option experts. To improve your understanding of options get a free option kit at: http://www.mlgos.com/ . If you are familiar with stock investing but not sure what options can do for you, call 1-800-230-5570 for a FREE 3-point portfolio check up. Securities offered through brokersXpress, LLC Member NASD/SPIC. Corporate Office: 39 South LaSalle Street, Suite 220, Chicago, Illinois 60603-1608 brokersXpress(SM) is the online broker-dealer for independent reps and advisors. Powered by the award-winning technology of optionsXpress(R), its parent company, brokersXpress provides a leading-edge trading platform particularly powerful for reps and advisors who employ option strategies. For more information on how partnering with brokersXpress can empower your business to new levels, contact us confidentially by e-mail at . Member NASD/SPIC. CRD# 127081 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/TPA 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.investorsobserver.com/poweropt 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 Michael at 800-230-5570 or at http://www.cboe.com/Resources/Intro.asp . Privacy policy available upon request. DATASOURCE: Mankus-Lavelle Group CONTACT: Mike Lavelle, of Mankus-Lavelle Group, +1-800-230-5570 Web site: http://www.mlgos.com/

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