MORNING UPDATE: Seven Summits Research Issues Alerts for CAT, BBI, WEN, CD, and PDG

CHICAGO, Oct. 10  /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 CAT, BBI, WEN, CD, and PDG, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"The U.S. job market was not as severely impacted by the hurricanes as initially feared. Outside the affected region, it would appear that job growth remained fairly solid."

  -- Stuart Hoffman, Chief Economist, PNC Financial Services Group

  New PriceWatch Alerts for CAT, BBI, WEN, CD, and PDG...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
  -- Caterpillar Inc. (NYSE:CAT)
     Last Price 56.62 - JAN 55.00 CALL OPTION@ $4.20 -> 4.9 % Return
     assigned*
  -- Blockbuster Inc. (NYSE:BBI)
     Last Price 5.42 - APR 5.00 CALL OPTION@ $1.30 -> 21.4 % Return
     assigned*
  -- Wendy's International, Inc. (NYSE:WEN)
     Last Price 45.60 - DEC 45.00 CALL OPTION@ $2.75 -> 5.0 % Return
     assigned*
  -- Cendant Corp. (NYSE:CD)
     Last Price 20.12 - FEB 20.00 CALL OPTION@ $1.45 -> 7.1 % Return
     assigned*
  -- Placer Dome Inc. (NYSE:PDG)
     Last Price 17.21 - NOV 17.50 CALL OPTION@ $0.75 -> 6.3 % Return
     assigned*



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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

In overseas trading, 14 of the 15 markets that we track are showing gains. In Asia, Singapore logged a gain of 1.66 percent, and in Europe, the Scandinavian markets are looking particularly strong.

The November futures contract on sweet crude oil inched 0.92 percent higher on Friday, but dropped 6.9 percent overall for the week.  Meanwhile, November Unleaded Gas futures dropped 12.8 percent last week.  Motorists however, continue to wait for this drop to show up in prices at the pump.

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DYNAMIC MARKET OPPORTUNITIES

The US service sector appears to be feeling the strain of the recent hurricanes. The Institute for Supply Management's gauge of activity in September showed the index slumping from 65 points in August to 53.3 points -- the lowest since April 2003 and well below estimates that called for a reading of 61 points. Employment, new orders and export orders all showed a drop during the month -- an unsurprising result of the external shocks that hit the economy. On a broader scale, this news does seem to hint that economic growth for the rest of 2005 is likely to drag a little -- especially considering that the service sector accounts for about 80% of GDP growth. On the bright side, however, the US manufacturing sector rose to a 13-month high in September. With that in mind, now could be an opportune time to think about an investment in gold. It's been almost two decades since gold prices broke the US$500 mark. But with prices hitting a 17-year high of US$475 per ounce a couple of weeks ago -- a 17% jump over a year earlier -- some economists are now speculating that it will only be a matter of months before that level is attained again. Are they correct? The common consensus appears to lean that way. But with prices currently hovering around the US$466 level, the short-term correction that many others called for is also now in play before the market forges ahead again. In fact, some commentators are calling for a further downward move to around US$460 or even US$450 before spiking back up. One scenario is a distinct possibility: If gold moves towards the US$500 level, the financial media and mainstream news shows will be paying much more attention. And naturally, there's a reasonable chance that the increased exposure will lead the metal higher still. And once the Federal Reserve brings a halt to its interest rate increases, that action could provide a further trigger for gains.

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NEWS LEADERS AND LAGGARDS

So far today, Emerson Electric Co, Jefferson-Pilot Corp, and Fidelity National Financial lead the list of companies with the most news stories while Lincoln National Corp and Universal Health Services are showing a spike in news. International Business Machines, Alcoa Inc, and Sprint Nextel have the highest srtIndex scores to top the list of companies with positive news while Triad Hospitals and Unisys Corp lead the list of companies with negative news reports. Wal-Mart Stores has popped up with a high positive news sraIndex score.

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  TODAY'S ECONOMIC CALENDAR
  Columbus Day holiday; bond markets closed



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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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,

[phone]



Web site:  http://www.sevensummitsinvestmentresearch.com/ 

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