MORNING UPDATE: Seven Summits Research issues alerts for ECA, CTX, FFIV, FNF, and RAI
October 26 2005 - 11:04AM
PR Newswire (US)
CHICAGO, Oct. 26 /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 ECA, CTX,
FFIV, FNF, and RAI, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE
DAY "We have chosen not to formulate explicit inflation targets, in
part out of concern that they could inhibit the effective pursuit
of our goal." -- Alan Greenspan, Chairman, US Federal Reserve Board
New PriceWatch Alerts for ECA, CTX, FFIV, FNF, and RAI...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- --
ENCANA CORP (NYSE:ECA) Last Price 52.00 - NOV 50.00 CALL OPTION@
$4.00 -> 4.2 % Return assigned* -- Centex Corp. (NYSE:CTX) Last
Price 63.94 - JAN 60.00 CALL OPTION@ $7.00-> 5.4 % Return
assigned* -- F5 Networks Inc. (NASDAQ:FFIV) Last Price 41.40 - NOV
40.00 CALL OPTION@ $3.20 -> 4.7 % Return assigned* -- Fidelity
National Financial Inc. (NYSE:FNF) Last Price 37.19 - JAN 35.00
CALL OPTION@ $3.60 -> 4.2 % Return assigned* -- Reynolds
American Inc. (NYSE:RAI) Last Price 84.38 - MAY 80.00 CALL OPTION@
$7.80 -> 4.5 % 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, the various markets are creeping higher today,
with all 15 of the indices we follow in positive territory. The
cumulative average return on the group stands at a gain of 0.513
percent. In Asia, the Nikkei finished with a 0.9-percent gain while
the Hang Seng added 0.2 percent. Flying over to Europe, we find
that the London FTSE 100 has charged one percent higher, while both
the French CAC 40 and the German DAX has jumped 0.6 percent higher.
The December futures contract on sweet crude oil shot more than
three percent higher on Tuesday as energy prices soared higher on
fears of a particularly cold (and expensive) winter. Natural gas
prices soared almost 10 percent higher to clamber back above the 14
level. Looking ahead, traders will get a peek at weekly inventory
levels for crude oil, gasoline, and distillate (which includes
heating oil). On Thursday, natural gas inventories are slated for
release. 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 Just one day after Ben Bernanke was announced
as the new Federal Reserve chairman, he'll no doubt be cheered by a
Reuters poll of economists that projects 3.5% third quarter GDP
growth, despite the roadblock of the recent hurricanes. In
addition, a report from the National Association for Business
Economics (NABE) says that while these are testing times, many
businesses are still coping relatively well. The main reason for
that? They're successfully managing to filter higher costs down to
consumers. Of 101 companies surveyed, 40% raised their prices
during the third quarter. With just 2% cutting prices, the +38
differential was the second-highest since the group started
collecting the data back in 1981. For the fourth quarter, the
number of firms expecting to push up their prices is projected to
rise to 46%. However, while companies are able to pass higher costs
down to consumers and offset the prices, that doesn't necessarily
mean they're able to hire new workers. The NABE survey also found
that the percentage of companies planning to take on new staff
dropped sharply from 42% in July to just 29% today. In terms of
business profitability, it's a different story in Britain. Figures
from accountants Ernst & Young show that the number of firms
listed on the London Stock Exchange who issued third quarter profit
warnings soared 39% from Q3 2004. September proved to be a
particularly brutal month, with 46 of the 103 warnings occurring
during the month. In the year to September, 370 companies warned
that earnings would be lower - a 42% surge over the previous year.
And unlike US companies, the group cited the fact that many British
firms have failed to adapt effectively to the economic climate and
are struggling to keep costs down. 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, Wellpoint Health Networks, Sprint Nextel, and TASER
International lead the list of companies with the most news stories
while OfficeMax and T. Rowe Price are showing a spike in news.
InfoSpace, Boeing Inc, and F5 Networks have the highest srtIndex
scores to top the list of companies with positive news while
Bowater Inc and Lear Corp lead the list of companies with negative
news reports. Smith International 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. Oct 22 MBA Refinancing Index 10:00 a.m. Sept
Chicago Fed Natl Activity Index 10:30 a.m. Oct 21 U.S. Energy Dept
Crude Oil Stocks 10:30 a.m. Oct 21 U.S. Energy Dept Distillate
Stocks 10:30 a.m. Oct 21 U.S. Energy Dept Gasoline Stocks 11:00
a.m. Oct Kansas City Fed Mfg 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:
InvestorsObserver.com - Better Strategies for Making Money ->
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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
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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