MORNING UPDATE: Mankus-Lavelle Group issues alerts for INTC, AMLN, HET, CMX, and DTV
August 05 2005 - 10:26AM
PR Newswire (US)
CHICAGO, Aug. 5 /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 INTC,
AMLN, HET, CMX, and DTV, Market Overview, Today's Economic
Calendar, and the Quote Of The Day. QUOTE OF THE DAY "I still think
this market will grudgingly go up." -- Kurt Wolfgruber, chief
investment officer, Oppenheimer Funds New PriceWatch Alerts for
INTC, AMLN, HET, CMX, and DTV... PRICEWATCH ALERTS -- HIGH RETURN
COVERED CALL OPTIONS ----------- -- Intel Corp. (NASDAQ:INTC) Last
Price 27.01 -- OCT 27.50 CALL OPTION@ $0.90 -> 5.3 % Return
assigned* -- Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) Last Price
20.03 -- SEP 17.50 CALL OPTION@ $3.30 -> 4.6 % Return assigned*
-- Harrahs Entertainment, Inc. (NYSE:HET) Last Price 75.50 -- NOV
75.00 CALL OPTION@ $4.50 -> 5.6 % Return assigned* -- Caremark
Rx, Inc. (NYSE:CMX) Last Price 46.96 -- DEC 45.00 CALL OPTION@
$4.10 -> 5.0 % Return assigned* -- The DirecTV Group, Inc.
(NYSE:DTV) Last Price 15.83 -- DEC 15.00 CALL OPTION@ $1.45 ->
4.3 % 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,
Hartford Financial Services Group, Chesapeake Energy Corp, and
Mills Corp lead the list of companies with the most news stories
while Alliant Energy and Cardinal Health are showing a spike in
news. Hovnanian Enterprises, Baker Hughes, and Caremark Rx have the
highest srtIndex scores to top the list of companies with positive
news while Onyx Pharmaceuticals and Openwave System lead the list
of companies with negative news reports. Goodyear Tire & Rubber
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
European shares are lower today, thanks to crude futures and a case
of nerves ahead of U.S. non-farm payroll data due to be released
this morning. Airlines tried to inject some life into the market as
British Airways rose 1.1 percent after posting fiscal first-quarter
net profit that more than doubled to 90 million pounds.
German-American auto manufacturer, DaimlerChrysler dropped as The
Wall Street Journal reported that the Justice Department is
investigating whether the automaker's Mercedes unit paid bribes in
at least a dozen countries. Meanwhile, rising crude prices and
weakness on Wall Street combined with political uncertainty in
Japan put considerable pressure on Asian stocks today. Currently
six of the 15 markets that we track are in positive territory with
an average return of -0.131. The September contract on sweet crude
oil closed 0.85 percent higher. The benchmark crude contract was
able to recover from Wednesday's two-percent haircut to close back
above $61 per barrel. Investors are still dealing with
supply-and-demand issues and political uncertainty stemming from
Monday's death of King Fahd. 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 As expected, the Bank of England adjusted interest
rates for the first time in exactly a year on Thursday morning,
slicing the base rate down from 4.75% to 4.5%. The move came as the
UK economy recently recorded its fourth straight quarter of
mediocre GDP growth, with year-over-year second quarter expansion
hitting just 1.7% -- the weakest performance since Q1 1993, as 97
publicly-traded British companies cut their quarterly earnings
forecasts. Business leaders hailed the decision as the prudent one
to take at such a time, with the BoE's proactive stance providing
both reassurance, as well as giving the bank a little more room to
maneuver and time to gauge the state of the economy through the
late summer and into autumn before it contemplates its next move.
Futures trading today shows traders think the BoE will cut rates by
a further 0.25% in December. This is possible, but it's worth
noting that while the UK economy has definitely lost some momentum,
it could merely be a slight correction -- an inevitable scenario
after a long period of excellent growth. The National Institute of
Economic and Social Research says full-year economic growth will
slow from 3.2% in 2004 to 2% this year. In Continental Europe, the
European Central Bank did left interest rates at 2% (the lowest
level since 1946) for the 26th straight month. The non-move came on
a day when the International Monetary Fund cut its economic growth
forecasts for the region from 1.6% to 1.3% this year and from 2.3%
to 1.9% in 2006. As well as Deutsche Bank and Bear Stearns arguing
that a Eurozone interest rate cut would have an adverse effect on
the economy, the IMF also supported the ECB. In addition to
applauding the bank's policy, it said economic commentators are
currently too pessimistic. It did say, however, that the ECB faces
a "credibility problem" because it places greater emphasis on
controlling the Eurozone inflation rate -- a rate that has remained
above its official target rate of 2% for a long time, given the
rise in energy prices. Inflation hit a seven-month high of 2.2% in
July from 2.1% in June. Considering the weak growth out of Europe,
this should ultimately be bullish for the dollar. 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 July Non-farm Payrolls 8:30 AM July Unemployment Rate 9:40 AM
July ECRI Inflation Gauge 3:00 AM June Consumer Credit The
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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
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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
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