MORNING UPDATE: Seven Summits Research Issues Alerts MFE, MET, CVH, ACI, and AMLN
February 10 2006 - 9:14AM
PR Newswire (US)
CHICAGO, Feb. 10 /PRNewswire/ -- Seven Summits Research issues the
following Morning Update at 8:30 AM EST with new PriceWatch Alerts
for key stocks. Before the open... PriceWatch Alerts for MFE, MET,
CVH, ACI, and AMLN, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and the Quote Of The Day. For details on
these and past Morning Update stocks go to http://www.iotogo.com/MU
. QUOTE OF THE DAY "Anchoring inflationary expectations sometimes
requires preemptive policy tightening before actual inflation
numbers start to rise -- moves that may prove unpopular with the
public, but are necessary to keep inflation in check." -- Michael
Moskow, President, Chicago Federal Reserve Bank New PriceWatch
Alerts MFE, MET, CVH, ACI, and AMLN PRICEWATCH ALERTS -- HIGH
RETURN COVERED CALL OPTIONS -- -- McAfee Inc. (NYSE:MFE) Last Price
21.88 - JUN 20.00 CALL OPTION@ $3.20 -> 7.1 % Return assigned*
-- MetLife Inc. (NYSE:MET) Last Price 49.20 - SEP 45.00 CALL
OPTION@ $6.50 -> 5.4 % Return assigned* -- Coventry Health Care
Inc. (NYSE:CVH) Last Price 59.32 - JUL 55.00 CALL OPTION@ $7.60
-> 6.3 % Return assigned* -- Arch Coal Inc. (NYSE:ACI) Last
Price 78.80 - APR 75.00 CALL OPTION@ $8.10 -> 6.1 % Return
assigned* -- Amylin Pharmaceuticals Inc. (NASDAQ:AMLN) Last Price
38.10 - APR 35.00 CALL OPTION@ $5.30 -> 6.7 % 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 Investor's Cheat Sheet - An essential pocket reference
guide packed with the strategies, tactics, tips, and rules of thumb
for smarter investing. For your FREE Investor's Cheat Sheet, go to:
http://www.investorsobserver.com/FreeCSMU . 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
four of the 15 foreign markets that we track are in positive
territory. The cumulative average return is -0.157 percent. The
Japan, the Nikkei plunged 181.8 points. The Bank of Korea raised
interest rates by a quarter point, and speculation in Tokyo turned
to the Bank of Japan's response. In Europe, the French CAC40, the
German DAX and the FTSE 100 are all down, but in percentage terms,
the losses are so small, they appear as 0.0 in our tables. Strong
investment and physical demand for gold picked up after prices fell
to a three-week low yesterday. The precious metal gained $14.30 an
ounce, or 2.6 percent, to close at $566.10 an ounce after climbing
as high as $568.40 an ounce. Other metals were able to follow
gold's lead. March silver futures tacked on 22 cents to close at
$9.66 an ounce. April platinum finished $18.50 an ounce higher at
$1.073.90 an ounce, palladium added $11.70 an ounce to finish at
$304.45, and copper added 3.05 cents to close at $2.305 a pound.
Natural gas futures dropped more than three percent yesterday,
propelling the March contract to its lowest closing level in nearly
a year. This drop seems to indicate that most traders are convinced
that U.S. inventories of the commodity will continue to run well
above normal. Crude prices inched seven cents higher to finish at
$62.62 per barrel following yesterday's surprise decrease in
supplies. One analyst theorized that prices will "probably stay
above $60 for the remainder of the first quarter." March unleaded
gasoline finished at $1.5143 a gallon, 3.38 cents lower, and at
their lowest point since last June. 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 Yesterday, the hotel chain Marriott reported a 25%
jump during the fourth quarter, which smashed Wall Street earnings
estimates by a full nine cents. Marriott expects to remain strong
in 2006 thanks to higher room rates and a surge in business travel,
both domestically and abroad. Wedding planning company The Knot
also beat earnings expectations, but by a lesser margin of two
cents. The company's 2005 net income tripled on a 24% revenue gain,
while profits from online advertising jumped 47%. In response,
shares raced to a new 52-week high of US$15.29. Among others
raising earnings guidance was Best Buy and Aetna. And earlier this
week, Cisco reported a rise in earnings, while Pepsi's profits grew
by 12%. The proverbial sky is not falling. According to Bloomberg,
66% of the 378 S&P 500 companies that have reported results so
far have beaten analysts' estimates. That's up from the 63% that
exceeded estimates by the end of January and compares with an
average of 59% since 1994. And as earnings season winds down, the
Financial Times is sticking by its predictions for the S&P 500
companies to finish with 13.4% growth in earnings per share. That
would make it ten straight quarters in which the market has hit
double-digit corporate earnings growth. At the recent World Money
Show in Orlando, Florida, author Harry Dent remained adamantly
bullish. He says the Dow will reach 14,000 and oil prices will
decline US$40 per barrel by the end of 2006. In addition, the real
estate market is overvalued by 35% and the stock market undervalued
by 35%. Anything publicly traded will provide great returns for the
next couple of years. The US has been able to harness the three
fastest growing markets -- China, India and Russia. China will have
US$1 trillion in currency surpluses in about six months, while GDP
growth hit 9.8% in 2005. India is growing at 8%, with US$136
billion in foreign reserves, while Russia is swimming in cash and
growing at a 7% rate, with US$164 billion in foreign reserves. Read
more economic/market/stock analysis from the Taipan Group and
247Profits.com every trading day with the FREE 247Profits Dynamic
Market Alert. Featuring: insightful economic commentary from the US
and worldwide...profitable investment recommendations...and full
access to the leading team of financial experts. Register for free
here: http://www.dynamicmarketalert.com/signup/eletterspr.html .
NEWS LEADERS AND LAGGARDS So far today, Microsoft, MetLife, and
Pfizer lead the list of companies with the most news stories while
Internet Initiative Japan and Arch Coal are showing a spike in
news. Tribune Company, Boyd Gaming, and Panera Bread have the
highest srtIndex scores to top the list of companies with positive
news while Coventry Health Care and Expedia lead the list of
companies with negative news reports. Dow Chemical 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. Dec Trade Deficit 2:00 p.m. Jan Treasury Budget
Statement 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
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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:
Read more economic/market/stock analysis from the Taipan Group
every trading day with the FREE Dynamic Market Alert. Featuring:
insightful economic commentary from the US and
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to the leading team of financial experts. Register for free here:
http://www.dynamicmarketalert.com/signup/eletterspr.html .
Schaeffer's Investment Research - Sign up for your FREE e-weekly,
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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, taxes
or our subscription fees which will affect actual investment
returns. Stocks and options involve risk and are not suitable for
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upon request. First Call Analyst: FCMN Contact: DATASOURCE: Seven
Summits Investment Research CONTACT: Reid Stratton of Seven Summits
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http://www.sevensummitsinvestmentresearch.com/
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