FCS Fairchild Semiconductor International, Inc. (MM)

CHICAGO, Oct. 13 /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 FNM, TRB, FCS, PII, and SONC, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "It's the continuing lack of addressing the fundamental fiscal policy issues now that the economy has returned to a more-normal condition that we need to address. The manner in which the Congress responds on fiscal policy ... is an important component of monetary policy." -- Mark Olson, Governor, Federal Reserve Board New PriceWatch Alerts for FNM, TRB, FCS, PII, and SONC... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Fannie Mae (NYSE:FNM) Last Price 43.34 - JAN 40.00 CALL OPTION@ $5.10 -> 4.6 % Return assigned* -- Tribune Co. (NYSE:TRB) Last Price 31.81 - MAY 30.00 CALL OPTION@ $3.50 -> 6.0 % Return assigned* -- Fairchild Semiconductor International Inc. (NYSE:FCS) Last Price 14.82 - MAY 12.50 CALL OPTION@ $3.30 -> 8.5 % Return assigned* -- Polaris Industries Inc. (NYSE:PII) Last Price 46.05 - DEC 45.00 CALL OPTION@ $3.10 -> 4.8 % Return assigned* -- Sonic Corp. (NASDAQ:SONC) Last Price 28.06 - MAR 25.00 CALL OPTION@ $4.05 -> 4.1 % 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 In overseas trading, only two of the 15 markets that we track are showing gains. In London, the FTSE was down more than one percent as traders were scrunching up their sandwich wrappers and turning their focus to the second half of the day. Whatever market strength there is lies today in Asia. The November futures contract on sweet crude oil (CL/X5 - 64.12) moved 0.93 percent higher on Wednesday. The price well within striking distance of the 65 level again but, from a technical perspective, I notice that the 10-day moving average capped the upside yesterday, and it will be interesting to see if that behavior is repeated today. 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 only way to describe the recent Wall Street trading action is anxious and jittery. But why? The American Capitalist financial investment group points to inflationary fears as one of the big reasons. But they also cite a fast change in thinking -- from the familiar Fed refrain "inflationary pressures are well-contained" to a Fed so worried about those "inflationary pressures" that it has embarked on a bout of interest rate hikes and driven rates closer to the so-called "neutral level." As financial commentator at the 247profits Group Brit Ryle asks: "What's going on? Has there suddenly been a significant shift in the Fed's definition of inflation? I don't think so. Actually, I think it has more to do with Greenspan's definition of 'legacy.' The Chairman is playing for the history books now. And it seems pretty clear that he'd rather be remembered for inflation fighting than bubble-blowing." On a related theme, it appears inflation hawks are succeeding in breaking Ben Bernanke's lock on the Fed Chairmanship. The word circulating around Washington and Wall Street at the moment is "cronyism" -- the thought that Bernanke may have pushed a little too hard and got too close to the White House as he vies for the position. Many believe he's simply the latest in a line of Bush "insiders" (similar to Cheney, Rumsfeld, Condoleeza Rice and Harriet Miers) who were chosen for major roles when the President tired of the selection process. The net has suddenly been cast wider again -- and substantially so, with Bush claiming that he hasn't "personally" seen any of the names on the list of potential nominees. Quoted on MSNBC, Mesirow Financial chief economist Diane Swonk says, "He's got to be even more careful today. He has burned through a lot of political capital. He's got to put someone in who is going to be a slam-dunk. There is a growing possibility Bush will nominate 'none of the above' [Bernanke, Glenn Hubbard or Martin Feldstein]." 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, HCA Inc., Tribune Co., and Winnebago Industries lead the list of companies with the most news stories while Komag Inc. and Landstar System Inc. are showing a spike in news. McDonald's Corp., Nokia Corp., and Lam Research have the highest srtIndex scores to top the list of companies with positive news while Fairchild Semiconductor International and Mercury Interactive lead the list of companies with negative news reports. AT&T Corp 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 8:30 a.m. Aug Trade Deficit 8:30 a.m. Oct 8 Jobless Claims 8:30 a.m. Sept Import Prices 10:00 a.m. Oct 2 DJ-BTM Business Barometer 10:30 a.m. Oct 7 U.S. Energy Dept Natural Gas Stocks 4:30 p.m. Oct 8 Money Supply 8:30 p.m. Fed Gov Olson speaks on the economy and the implications of fiscal policy in Seattle, WA 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 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 at http://www.cboe.com/Resources/Intro.asp . Privacy policy available upon request. DATASOURCE: Seven Summits Research CONTACT: Reid Stratton of Seven Summits Investment Research, +1-800-698-9101 Web site: http://www.sevensummitsinvestmentresearch.com/

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