(NYSE:SCH)
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MORNING UPDATE: Mankus-Lavelle Group issues alerts for SCH, ET,
AA, IDTI, and WB
CHICAGO, July 8 /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 SCH, ET, AA, IDTI, and WB, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"The purpose of terrorism is just that, it is to terrorize people and we
will not be terrorized."
-- Tony Blair, Prime Minister, United Kingdom
New PriceWatch Alerts for SCH, ET, AA, IDTI, and WB...
PRICEWATCH ALERTS -- HIGH RETURN COVERED CALL OPTIONS -----------
-- Charles Schwab Corp. (NYSE:SCH)
Last Price 12.68 -- AUG 12.50 CALL OPTION@ $0.75 -> 4.8 % Return assigned*
-- E-trade Group (NYSE:ET)
Last Price 15.18 -- AUG 15.00 CALL OPTION@ $0.85 -> 4.7 % Return assigned*
-- ALCOA Inc. (NYSE:AA)
Last Price 26.09 -- OCT 27.50 CALL OPTION@ $0.80 -> 8.7 % Return assigned*
-- Integrated Device Technology, Inc. (NASDAQ:IDTI)
Last Price 10.34 -- AUG 10.00 CALL OPTION@ $0.75 -> 4.3 % Return assigned*
-- Wachovia Corp. (NYSE:WB)
Last Price 49.02 -- OCT 50.00 CALL OPTION@ $1.40 -> 5.0 % 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, Siebel Systems, Polo Ralph Lauren, and Altiris Inc lead the list
of companies with the most news stories while Taiwan Semiconductor
Manufacturing and AU Optronics are showing a spike in news. Alcoa, Inc,
Accenture Ltd, and New Century Financial Corp have the highest srtIndex scores
to top the list of companies with positive news while Business Objects and
Boston Scientific lead the list of companies with negative news reports.
Chico's FAS 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 trading is much improved over yesterday at this time of the morning,
as 12 of the 15 foreign indices that we track are currently in positive
territory. The cumulative average return on the collective stood at 0.740 at
7:30 a.m. With travel stocks leading the way in European trading, our friends
across the pond are recovering nicely following yesterday's terror attacks in
London. Driving these gains were solid returns in the U.S. indices on
Thursday, and the feeling that the market had become highly oversold after the
event. Unexpectedly weak Japanese machinery order data stifled a fledgling
rally on the Nikkei on Friday, setting the tone for much of Asian trading for
the day. In Tokyo, the release of factory machinery orders revealed a
seasonally adjusted plunge of 6.7 percent during May from the prior month.
Analysts had expected a considerably more moderate decline of 2.4 percent.
U.S. futures were optimistically higher in early trading, as the calm before
the storm rolled over the Street in pre-market trading on Friday. With London
posting solid gains following yesterday's terror attacks, traders looked
forward to today's report on June non-farm payrolls. Currently, the consensus
is expecting the addition 194,000 jobs during the month, following May's
extremely weak showing of 75,000. However, expectations are running higher
with individual economists, with estimates ranging from 225,000 to 300,000 new
additions.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. For more details and to sign up, go to:
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DYNAMIC MARKET OPPORTUNITIES
On Thursday, America awoke to the news that terrorists had struck a major city
yet again. This time, they scored a significant victory by finally managing to
penetrate London's robust security net for the first time since the 9/11
attacks. Since that tragedy, the police and security authorities had done an
excellent job in preventing London terror attacks. But an attack was all-but
inevitable, given its global stature and the fact that it's in a country with
strong allegiance to the US -- a fear that London's police chief himself
admitted last year. The bombs, thought to be the work of al-Qaeda, exploded at
the height of the morning rush hour, three on the Underground system and one on
a bus. Luckily, however, the explosions weren't totally catastrophic and given
London's long experience of IRA terrorist attacks, the city is better equipped
than most at handling them. Nevertheless, by the end of the day, 37 people had
been confirmed dead, with a further 700 injured. Naturally, the FTSE-100 stock
market dropped immediately afterwards, falling as much as 207 points. British
Airways and Diageo lost 4.2% and 4% respectively. But the market showed
commendable resilience in rebounding to close down 71.30 points (1.4%) at
5,158. Accounts suggest there wasn't mass market panic and a rush to sell
everything because traders had half-expected an attack at some point. It was
particularly despicable that the terrorists decided not only to destroy almost
40 innocent English lives and injure 700 others, but to also deliberately plan
the attacks as leaders of the G8 countries were meeting in Scotland to devise
ways to end world poverty and debt. The bombings also came just hours after
London was euphoric after the International Olympic Committee (IOC) awarded the
2012 Summer Olympics to the city.
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TODAY'S ECONOMIC CALENDAR
8:30 AM June Non-farm Payrolls
8:30 AM June Unemployment Rate
9:40 AM June ECRI Inflation Gauge
10:00 AM May Wholesale Trade
3:00 PM May Consumer Credit
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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, +1-800-230-5570
Web site: http://www.mlgos.com/