MORNING UPDATE: Seven Summits Research issues alerts CMX, GENZ, LVS, MT, and IM
February 15 2006 - 9:29AM
PR Newswire (US)
CHICAGO, Feb. 15 /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 CMX, GENZ,
LVS, MT, and IM, 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 "The fourth quarter
inflation number caught my eye... I am going to be focused on the
core inflation numbers for the next couple of months." -- Jeffery
Lacker, President, Richmond Federal Reserve New PriceWatch Alerts
for CMX, GENZ, LVS, MT, and IM PRICEWATCH ALERTS - HIGH RETURN
COVERED CALL OPTIONS ----------- -- Caremark Rx Inc. (NYSE:CMX)
Last Price 49.01 - SEP 45.00 CALL OPTION@ $7.20 -> 7.6 % Return
assigned* -- Genzyme Corp. (NASDAQ:GENZ) Last Price 68.38 - JUL
65.00 CALL OPTION@ $7.50 -> 6.8 % Return assigned* -- Las Vegas
Sands Corp. (NYSE:LVS) Last Price 50.41 - JUN 50.00 CALL OPTION@
$4.80 -> 9.6 % Return assigned* -- Mittal Steel Company NV
(NYSE:MT) Last Price 34.60 - JUN 35.00 CALL OPTION@ $2.20 -> 8.0
% Return assigned* -- Ingram Micro Inc. (NYSE:IM) Last Price 20.19
- JUN 20.00 CALL OPTION@ $1.80 -> 8.8 % 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 Overseas trading is
mostly lower this morning despite Wall Street's strong close
yesterday. Of the 15 markets we follow, only seven are in positive
territory, with the group posting a cumulative average return of a
0.13-percent loss. In Asia, the Nikkei shed 1.6 percent while the
Hang Seng finished three points higher. In Europe, the London FTSE
100 is up approximately one point and the German DAX has added
three points. Meanwhile, the French CAC 40 is down 20 points. The
April gold futures contract jumped more than one percent on Tuesday
after losing $26 an ounce during the previous two trading sessions.
The contract tagged an intraday high of $550.50 an ounce. Other
metals futures mirrored the strength in gold Tuesday. March silver
futures closed up 2.2 percent and April platinum gained $4.20 to
close at $1,018.90 an ounce. March copper also closed higher,
climbing 1.5 percent. The March crude oil futures contract shed 2.7
percent to finish the day at $59.67 a barrel, marking black gold's
first daily close below the $60-per-barrel level since December.
Meanwhile, March natural gas dropped to a one-year low of $7.05 per
million British Thermal Units before close at $7.114, a loss of 1.8
percent. 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 The need to find alternative energy resources
to oil suddenly takes on added importance in the light of comments
from James Rogers, a commodities expert at Hong Kong investment
bank CLSA. Quoted in the Asia Business Times, he says that the rise
of countries like China and India means the current boom in the
commodities market could well last another 15 years. As Rogers
says, "If you want to be in a bull market, it is in raw materials,
natural resources and commodities." You can see his point. Gold and
silver prices recently hit highs not seen in almost 20 years.
Copper, aluminum and zinc prices have also raced up to new highs in
the past week. And experts believe gold has some way to go before
cooling off. Could prices test the all-time high of US$875 per
ounce seen at the end of the 1980's? Maybe. But they would have to
soar a further 40% from current levels to do so. Food and
agricultural products such as sugar, soybeans and coffee are also
experiencing significant price rises. Bottom line: countries like
Australia, Canada, Brazil and Argentina will continue to reap the
rewards. 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, EnCana, Ericsson, and BHP
Billiton lead the list of companies with the most news stories
while Danone and Office Depot are showing a spike in news. Cimarex
Energy, E*TRADE Financial, and Amgen have the highest srtIndex
scores to top the list of companies with positive news while
Broadcom and Hanover Compressor lead the list of companies with
negative news reports. US Steel 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. Feb. 10 MBA Refinancing Index
8:30 a.m. Feb. NY Fed Mfg Index 9:00 a.m. Dec. Treasury Intl
Capital Flows 9:15 a.m. Jan. Industrial Production 9:15 a.m. Jan.
Capacity Utilization 10:00 a.m. Fed Chmn Bernanke testifies on the
Fed's semi-annual monetary policy report before the U.S. House
Financial Services Committee 10:30 a.m. Feb. 10 U.S. Energy Dept
Gasoline Stocks 10:30 a.m. Feb. 10 U.S. Energy Dept Crude Oil
Stocks 10:30 a.m. Feb. 10 U.S. Energy Dept Distillate Stocks 10:30
a.m. Tsy Secy Snow testifies before U.S. House Ways & Means
panel on FY07 budget in Washington 1:00 p.m. Feb. NAHB Housing
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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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
all investors and investing in options carries substantial risk.
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upon request. First Call Analyst: FCMN Contact: DATASOURCE: Seven
Summits Research CONTACT: Reid Stratton of Seven Summits Investment
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