MORNING UPDATE: Seven Summits Research issues alerts for NOK, ERTS, KR, GTK, and KG
September 14 2005 - 10:51AM
PR Newswire (US)
CHICAGO, Sept. 14 /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 NOK, ERTS,
KR, GTK, and KG, Market Overview, News leaders and Laggards,
Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE
DAY "With a lot of economic data and the Federal Reserve meeting
next week, you're going to find people hesitant to make any big
moves." -- Jeff Kleintop, chief investment strategist, PNC
Financial Services Group New PriceWatch Alerts for NOK, ERTS, KR,
GTK, and KG... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
----------- -- Nokia Corp. ADR (NYSE:NOK) Last Price 16.81 - JAN
17.50 CALL OPTION@ $0.75 -> 9.0 % Return assigned* -- Electronic
Arts Inc. (NASDAQ:ERTS) Last Price 61.89 - DEC 60.00 CALL OPTION@
$5.50 -> 6.4 % Return assigned* -- Kroger Co. (NYSE:KR) Last
Price 19.97 - JAN 20.00 CALL OPTION@ $1.15 -> 6.3 % Return
assigned* -- GTECH Holdings Corp. (NYSE:GTK) Last Price 34.15 - OCT
35.00 CALL OPTION@ $0.80 -> 4.9 % Return assigned* -- King
Pharmaceuticals Inc. (NYSE:KG) Last Price 16.09 - JAN 15.00 CALL
OPTION@ $2.00 -> 6.5 % 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 Of the
overseas markets that we track, 11 are gaining ground, with the
Nikkei Average down 0.42 percent. In Europe, the activity looks
muted with London and Frankfurt a shade down, and Paris 0.34
percent higher. The October futures contract on sweet crude oil
lost 0.36 percent. It has been slipping consistently since August
30, and now stands at its lowest closing price since August.
October unleaded gas gained nearly one percent and October heating
oil added 1.43. In early electronic trading, crude was gaining
ground this morning. 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 Despite a slight rally on the
Philadelphia Housing Index of late, Yahoo recently ran a front-page
story, entitled "Housing Slowdown Could Spell Trouble," in which it
theorized that the surging housing market may finally be nearing
its peak. That could indeed spell potential trouble for sellers and
recent buyers who overextended themselves using one of many new
"creative"' loan types. On the surface, of course, the housing
numbers continue to look impressive. The market is on pace to
record the fifth straight record year for purchases of new and
existing houses. But those numbers come with a caveat. Although
house prices jumped 13.4% from April to June, that was the biggest
increase in 25 years and was more than double the average annual
price gain of 6% for the past three decades. No matter what market
it is, that kind of growth is unsustainable and must eventually
revert back to the mean. In fact, the next few years must see
growth figures well below the historical 6% average just to get
back to normal levels. And setting the bullishness aside, there are
clear signs of a slowdown. Existing home sales fell 2.6% in July.
Houses are now staying on the market longer. The Mortgage Bankers
Association reports that current demand for mortgages is 11% below
the June peak. At Economy.com, Mark Zandi states, "I think what we
have is a slow deflating of the housing bubble, not a bursting of
the bubble. But if mortgage rates rise more sharply than I am
expecting, then the downturn in housing could be more severe." At
National City Corp, Richard DeKaser believes the 53 metropolitan
areas that represent 31% percent of the country's housing market,
are "extremely overvalued and confront a high risk of a future
price correction." These statistics mean that homeowners who took
out "creative" loans - zero down or interest-only, for example -
are in for a shock. When the initial 3-5- year period ends, their
new interest rate is likely to rise. Homeowners who stretched their
finances may find themselves unable to make their new monthly
payments, forcing them to either default on their mortgages or sell
their houses. That scenario would put more houses on to a slowing
market, further depressing prices. 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, Sony, Motorola, and Altiris lead the list of companies
with the most news stories while Tyson Foods and Lions Gate
Entertainment are showing a spike in news. Siebel Systems, Oracle,
and M.D.C. Holdings have the highest srtIndex scores to top the
list of companies with positive news while Allied Waste Industries
and Abbott Labs lead the list of companies with negative news
reports. Tribune Co 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 AM Retail Sales 8:30 AM Retail Sales
ex-auto 9:15 AM Industrial Production 9:15 AM Capacity Utilization
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:
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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
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