CHICAGO, Aug. 3 /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 TWX, NSM, AUO, THC, and EXTR, Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY "We're finally starting to see the markets wake up to the fact that the economy is in pretty good shape." -- John Caldwell, chief investment strategist, McDonald Financial Group New PriceWatch Alerts for TWX, NSM, AUO, THC, and EXTR...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Time Warner Inc. (NYSE:TWX)
Last Price 17.42 - JAN 17.50 CALL OPTION@ $1.05 -> 6.9 % Return assigned*
-- National Semiconductor Corp. (NYSE:NSM)
Last Price 25.71 - NOV 25.00 CALL OPTION@ $2.15 -> 6.1 % Return assigned*
-- AU Optronics Corp. (NYSE:AUO)
Last Price 16.09 - OCT 15.00 CALL OPTION@ $1.70 -> 4.2 % Return assigned*
-- Tenet Healthcare Corp. (NYSE:THC)
Last Price 12.82 - NOV 12.00 CALL OPTION@ $1.40 -> 5.1 % Return assigned*
-- Extreme Networks, Inc. (NASDAQ:EXTR)
Last Price 5.14 - DEC 5.00 CALL OPTION@ $0.65 -> 11.4 % 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, Cigna and NetEase.com lead the list of companies with the most positive news stories on news of good earnings numbers. Time Warner leads the list of negative stories, even though it came to an agreement to settle a class action suit relating to accounting troubles at AOL. The company also posted a second quarter loss while missing revenue estimates. Morgan Stanley upgraded Nucor from Equal Weight to Overweight while Raymond James also upgraded Public Storage Inc. yesterday.
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 Only five of the 15 foreign markets we track have been able to motor into positive territory, with an average return of 0.051. Investors in Japan were a tad uneasy due to a bit of political uncertainty. Prime Minister Junichiro Koizumi has threatened to dissolve parliament for a snap election if the upper house fails to pass postal privatization legislation before the August 13th end of this session.
The September contract on sweet crude oil jumped another 0.52 percent yesterday, ahead of today's U.S. crude inventory reports. This is a record for the benchmark contract, although prices for the September contract did hit $62.80 in early July. As far as the inventory reports are concerned, the experts at IFR are calling for a drop of 1 to 2 million barrels, while Fimat USA expects an increase of 800,000 barrels.
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 On Thursday morning, the Bank of England is likely to reverse course and cut the base rate of interest from 4.75% to 4.5%. It would be the first change to interest rates in exactly a year and the London market is so convinced of the move that it already looks priced in. According to a Reuter's poll, 43 of 47 economists surveyed believe the BoE will cut rates, with short-term yields also falling. The move will come as the UK experiences a sharp shift in economic fortunes. Following a slip in June to 49.6 points on the Chartered Institute for Purchasing and Supply's key Purchasing Managers Index of manufacturing sector activity, the sector endured a further slowdown to 49.2 points in July. A figure below 50 points means the sector is in contraction mode. The news is particularly somber since there's now evidence suggesting that British consumers are also reducing their spending, thanks to high debt levels and higher interest rates. Long responsible for driving most UK economic growth, consumers have done so admirably while manufacturing endured months of upheaval. First, manufacturers toiled to rebound from the downturn at the turn of the century, and then struggled to cope with the Bank of England's rate hikes as the broader economy improved markedly. But after such a prolonged spell of economic brightness, it appears the UK economy is at a crossroads. While the overall situation isn't disastrous and the economy remains pretty solid, there are significant challenges ahead. For example, will economic growth continue to decline, with less consumer spending and retail sales looking poor? How will the economy cope, now that the real-estate sector is currently experiencing its long-awaited downturn? What if those factors can't keep the economy vibrant any longer? And how will that affect the already downtrodden manufacturing sector? The BoE is likely to cut rates Thursday. After that, the bankers will gauge the economy's responsiveness. If no noticeable improvement is seen, it will cut by a further 0.25% by the end of the year.
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
7:45 AM Jul 30 MBA Refinancing Index
10:00 AM July ISM Non-Mfg Index
10:00 AM June Challenger Layoffs Survey
10:30 AM Jul 29 US Energy Dept Gasoline Stocks
10:30 AM Jul 29 US Energy Dept Distillate Stocks
10:30 AM Jul 29 US Energy Dept Crude Oil Stocks The Mankus-Lavelle Group is an independent brokerage branch of brokersXpress, LLC, a wholly owned subsidiary of optionsXpress Holdings, Inc. The Mankus-Lavelle Group has some of the most experienced, respected options professionals in the industry. Both novice option investors and experienced traders are attracted to MLG. Less experienced investors appreciate Mankus- Lavelle Group's friendly expert guidance while more seasoned investors value Mankus-Lavelle Group's highly trained staff of option experts. To improve your understanding of options get a free option kit at: http://www.mlgos.com/.
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