MORNING UPDATE: Seven Summits Research issues alerts for HPQ, GS, X, UNH, and BMET

CHICAGO, Sept. 21  /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 HPQ, GS, X, UNH, and BMET, Market Overview, News leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"This summer's energy shock will cascade through the economy. A brutal winter heating season can't be ruled out."

  -- Sung Won Sohn, chief executive officer, Hanmi Bank

  New PriceWatch Alerts for HPQ, GS, X, UNH, and BMET...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
  -- Hewlett Packard (NYSE:HPQ)
  Last Price 28.28 - NOV 27.50 CALL OPTION@ $1.85 -> 4.0 % Return assigned*
  -- Goldman Sachs Group (The) (NYSE:GS)
  Last Price 118.05 - JAN 115.00 CALL OPTION@ $7.50 -> 4.0 % Return
  assigned*
  -- U.S. Steel Group (NYSE:X)
  Last Price 42.81 - NOV 40.00 CALL OPTION@ $4.40 -> 4.1 % Return assigned*
  -- UnitedHealth Group, Inc. (NYSE:UNH)
  Last Price 52.62 - DEC 52.50 CALL OPTION@ $2.40 -> 4.5 % Return assigned*
  -- Biomet Inc. (NASDAQ:BMET)
  Last Price 35.57 - OCT 35.00 CALL OPTION@ $1.95 -> 4.1 % 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

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NOTE: All stocks and options shown are examples only.  These are not recommendations to buy or sell any security.

MARKET OVERVIEW

Overseas trading is rather grim this morning, with only three of the 15 markets that we follow in positive territory. The cumulative average return on the group stands at a 0.503-percent loss. In Asia, the Nikkei managed to log a gain of 0.37 percent while the Hang Seng shed 0.12 percent. Trading is looking much darker in Europe at the moment. The German DAX is leading the decline, with a loss of 1.45 percent. The French CAC 40 is down 1.15 percent and the London FTSE 100 has tumbled 0.60 percent lower.

The economic calendar is rather light this morning, with only weekly crude oil supplies due out at 10:30 a.m. Eastern time from the Energy Department and American Petroleum Institute.

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DYNAMIC MARKET OPPORTUNITIES

Many investors are probably more than just a little skeptical when they hear economists and commentators proclaim that Japan's economy is on its way back to recovery. That refrain has been heard many times over the past few years - and has each time proved to be nothing more than a false dawn. But if the stock market is any judge, investors are at least feeling much more comfortable with the speed and quality of Japan's recovery. The Nikkei 225 exchange shot to a new four-year high of 13,148.57 on Tuesday, as investors continued to feed off the convincing election victory for Prime Minister Junichiro Koizumi a few weeks ago, as well as renewed confidence in the economy's future prospects. The 14.5% climb for the Nikkei this year is a major turnaround from the depths reached back in April 2003, when the index sank to a 20-year low of 7,607.88. As recently as mid-June, the index traded around 11,500 points, which is a good indication of how far it's come in a short space of time. Corporate profitability is at the best level since 1973. And with interest rates still at zero, dividend-paying investments and particularly real-estate investment trusts (REITs) are proving attractive. Companies that should also record healthy profits with a sustained Japanese resurgence are the top three automakers - Toyota, Honda and Nissan, which are already faring well both domestically and globally. With Detroit's downturn, the future looks bright for some time. Other savvy investments might come from the financial sector, as interest rates rise and lending picks up speed.

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NEWS LEADERS AND LAGGARDS

So far today, ConAgra Foods, Mellon Financial, and New York Times Co lead the list of companies with the most news stories while Walgreen and Morgan Stanley are showing a spike in news. Biomet, FedEx Corp, and CarMax have the highest srtIndex scores to top the list of companies with positive news while Overseas Shipholding Group and Avon Products lead the list of companies with negative news reports. Lennar has popped up with a high positive news sraIndex score.

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   TODAY'S ECONOMIC CALENDAR
   7:00 AM   Sep 17 MBA Refinancing Index
   10:30 AM  Sep 16 US Energy Dept Crude Oil Stocks
   10:30 AM  Sep 16 US Energy Dept Distillate Stocks
   10:30 AM  Sep 16 US Energy Dept Gasoline Stocks



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

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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:  Reid Stratton of Seven Summits Investment Research,

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