MORNING UPDATE: Mankus-Lavelle Group issues alerts for MSFT, ODP, PVN, UPS, and JBLU

MORNING UPDATE: Mankus-Lavelle Group issues alerts for MSFT, ODP,
PVN, UPS, and JBLU 


CHICAGO, July 22  /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 MSFT, ODP, PVN, UPS, and JBLU, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"The stimulus from the tax cuts and low interest rates in place in 2003 have
played out. Now the economy is returning to a more-sustainable growth rate."

  -- Mark Vitner, senior economist, Wachovia Securities

  New PriceWatch Alerts for MSFT, ODP, PVN, UPS, and JBLU...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
  -- Microsoft Corp. (NASDAQ:MSFT)
  Last Price 26.44 - JAN 27.00 CALL OPTION@ $1.15 -> 6.8 % Return assigned*
  -- Office Depot Inc. (NYSE:ODP)
  Last Price 27.65 - JAN 25.00 CALL OPTION@ $3.70 -> 4.4 % Return assigned*
  -- Providian Financial Corp. (NYSE:PVN)
  Last Price 18.40 - JAN 17.50 CALL OPTION@ $1.70 -> 4.8 % Return assigned*
  -- United Parcel Service Inc. (NYSE:UPS)
  Last Price 72.34 - JAN 70.00 CALL OPTION@ $5.20 -> 4.3 % Return assigned*
  -- JetBlue Airways Corp. (NASDAQ:JBLU)
  Last Price 21.07 - DEC 17.50 CALL OPTION@ $4.50 -> 5.6 % 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, Google, Silicon Laboratories, and Microsoft Corp lead the list of
companies with the most news stories while Halliburton and Kimberly- Clark are
showing a spike in news. Express Scripts, Fortune Brands, and Abbott
Laboratories have the highest srtIndex scores to top the list of companies with
positive news while Maytag and Eli Lilly and Co lead the list of companies with
negative news reports. Cummins Inc 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/

MARKET OVERVIEW

Overseas markets are displaying weakness this morning as only 4 of the 15
markets that we track are in the green. The Nikkei closed firmly down but the
other Asian markets closed with gains. European indices were under pressure on
news that police in Britain shot a suspected terrorist.

The September contract on sweet crude oil dropped 89 cents yesterday, closing
at the lowest level in a month.  Futures were driven lower by Wednesday's
smaller-than-expected decline in oil inventories, and the revalued yuan.  The
terrorist scare in London did no favors for black gold, either, although some
analysts stated that there was no discernable reaction to the latest
"incidents."  In early electronic trading, the September crude contract was
last seen up 47 cents at $57.60 per barrel.

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

Much to the surprise of the business world Thursday, China finally decided to
revalue its yuan currency for the first time in a decade. The move came after
sustained fierce pressure from the US, Europe and others around the world, who
had rightly complained that China's cheap labor force and artificially low
currency was creating grossly unfair trade imbalances and swelling deficits.
However, although the 2.1% revaluation from 8.28 yuan to the US dollar to 8.11
will obviously be somewhat appreciated, it's essentially not much more than a
token gesture, since the US had called for a 10% revaluation and many feel the
impact on trade imbalances will be minimal at best. There appears to be no
immediate help for the US manufacturing or trade deficit. Nevertheless, many
economists and commentators feel that this is a reasonable start that could
spark more currency moves that will eventually total a 10% revaluation. Within
China, the move is overwhelmingly popular. Domestic companies see this as
boosting the average Chinese consumer's buying power. Surprisingly, the US
stock market showed little reaction to the news, with bonds bearing a
significant amount of the negative activity amid traders' fears that China
won't have to buy as much in US Treasuries to control the yuan. China holds
US$243 billion in Treasuries. Clearly, the bond market is not expecting China
to start selling its Treasuries. But even less buying could drive US interest
rates higher. The biggest loser so far is Japan. The yen soared on the news, as
traders anticipate that China will buy more yen. For the Japanese, a stronger
yen makes its exports to the US more expensive. And with domestic demand in
Japan still very weak, a drop in exports could be damaging to its economy. The
major question concerns how much uncertainty the yuan revaluation will put into
the markets. The ripple effect has already boosted Chile's peso and has Brazil
talking about more exports to China.

Read more analysis from the 247Profits Group every trading day with the FREE
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   TODAY'S ECONOMIC CALENDAR
   No major economic indicators scheduled



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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 Michael at 800-230-5570 or at
http://www.cboe.com/Resources/Intro.asp. Privacy policy available upon request.


DATASOURCE: Mankus-Lavelle Group



CONTACT:  Mike Lavelle of Mankus-Lavelle Group, [phone]



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

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