MORNING UPDATE: Seven Summits Research issues alerts for AA, GCI, PDCO, EYE, and DBRN
October 11 2005 - 10:19AM
PR Newswire (US)
CHICAGO, Oct. 11 /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 AA, GCI,
PDCO, EYE, and DBRN, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE
DAY "We are anxious to see the Chinese fulfill the commitment they
made to allow market forces to play a larger role in setting their
currency's value over time. They've gotten on the path that allows
them to do so and we'd like to see China continue on that path." --
John Snow, Treasury Secretary, US New PriceWatch Alerts for AA,
GCI, PDCO, EYE, and DBRN... PRICEWATCH ALERTS - HIGH RETURN COVERED
CALL OPTIONS -- Alcoa Inc. (NYSE:AA) Last Price 22.66 - JAN 22.50
CALL OPTION@ $1.45 -> 6.1 % Return assigned* -- Gannett Co. Inc.
(NYSE:GCI) Last Price 66.19 - JAN 65.00 CALL OPTION@ $3.80 ->
4.2 % Return assigned* -- Patterson Companies Inc. (NASDAQ:PDCO)
Last Price 39.96 - APR 35.00 CALL OPTION@ $6.40 -> 4.3 % Return
assigned* -- Advanced Medical Optics Inc. (NYSE:EYE) Last Price
35.45 - JAN 35.00 CALL OPTION@ $2.70 -> 6.9 % Return assigned*
-- Dress Barn Inc. (NASDAQ:DBRN) Last Price 24.35 - MAR 22.50 CALL
OPTION@ $3.50 -> 7.9 % 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, 13 of the 15 markets that we track are showing
gains. In London, the FTSE is up 0.44, and the French and German
markets are faring even better, with the CAC 40 up 0.60 and the DAX
up 0.64. Trailing the way is Sydney, down 0.8 percent. But the star
of the show was the Japanese market, up almost 2.5 percent, the
largest gain in more than three years. The November futures
contract on sweet crude oil moved 0.78 percent higher on Monday.
Meanwhile, November Unleaded Gas futures dropped 0.61 percent,
continuing last week's downward. Pump prices are falling too, but
the downward price revisions could not, in good conscience, be
described as abrupt. 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 how much longer will the US
Federal Reserve continue to raise interest rates? According to
Atlanta Fed president Jack Guynn, fifteen months after beginning
its monetary tightening policy, the board "still has a ways to go."
Where the US economy is concerned, Guynn sticks to his belief that
it is "most likely on a path that will keep us at or near potential
growth," despite the aftereffects of the recent hurricanes. It
could be because the aftermath will trigger a bout of higher
inflation that Guynn and the Fed are maintaining their course.
Specifically, Guynn is concerned that higher inflation in the
energy sector will spill over to consumers and adversely affect
spending. The evidence? Year-over-year consumer prices rose 3.6% in
August. However, the fourth quarter appears to have ushered in a
more downbeat mood - at least among economists anyway. According to
the Blue Chip Economic Indicators newsletter, a panel of economists
surveyed just lowered their third quarter GDP growth estimate from
the 3.6% annualized rate projected in early September to 3.4%
today. The fourth quarter growth projection was also lowered from
3% to 2.9%. Such revisions aren't entirely surprising, considering
that many believe the recent heavy hit from Hurricanes Katrina and
Rita is bound to affect the US economy negatively in the
short-term. Despite those downward moves, the full-year growth
forecast remains unchanged at a reasonably healthy 3.5%. However,
as the rebuilding efforts get underway with a vengeance, 2006
economic growth will receive a small upward shift - from 3.2% to
3.3%. 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, Gannett Co, New York Community Bancorp, and
Johnson Controls lead the list of companies with the most news
stories while Dress Barn and International Rectifier are showing a
spike in news. Infosys Technologies, Apple Computer, and Genentech
have the highest srtIndex scores to top the list of companies with
positive news while MedcoHealth Solutions and Sigmatel lead the
list of companies with negative news reports. Motorola 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 7:45 a.m. Oct 8 ICSC Store Sales Index 8:55 a.m. Oct 8
Redbook Retail Sales Index 2:00 p.m. Sept FOMC Minutes 5:00 p.m.
Oct 9 ABC/Washington Post Consumer Confidence Index 5:30 p.m. Fed
Gov Kohn speaks on globalization and inflation in Wooster, Ohio
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
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more information go to
http://www.sevensummitsinvestmentresearch.com/ . CRD# 137114 This
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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:
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