MORNING UPDATE: Mankus-Lavelle Group issues alerts for GOOG, XLNX, SNDK, LLY, and SCH
July 22 2005 - 10:51AM
PR Newswire (US)
MORNING UPDATE: Mankus-Lavelle Group issues alerts for GOOG, XLNX,
SNDK, LLY, and SCH 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 GOOG, XLNX, SNDK, LLY, and SCH, 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 GOOG, XLNX, SNDK, LLY, and SCH...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- --
Google Inc. (NASDAQ:GOOG) Last Price 313.94 - DEC 260.00 CALL
OPTION@ $64.00 -> 4.0 % Return assigned* -- Xilinix Inc.
(NASDAQ:XLNX) Last Price 27.00 - AUG 27.50 CALL OPTION@ $0.65 ->
4.4 % Return assigned* -- SanDisk Corp. (NASDAQ:SNDK) Last Price
28.22 - AUG 27.50 CALL OPTION@ $1.95 -> 4.7 % Return assigned*
-- Lilly (Eli) and Co. (NYSE:LLY) Last Price 56.25 - JAN 55.00 CALL
OPTION@ $3.80 -> 4.9 % Return assigned* -- Charles Schwab Corp.
(NYSE:SCH) Last Price 13.65 - DEC 12.50 CALL OPTION@ $1.70 ->
4.6 % 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
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 No
major economic indicators scheduled 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/. If you are familiar with
stock investing but not sure what options can do for you, call
1-800-230-5570 for a FREE 3-point portfolio check up. Securities
offered through brokersXpress, LLC Member NASD/SPIC. Corporate
Office: 39 South LaSalle Street - Suite 220 - Chicago, Illinois
60603-1608 brokersXpress(SM) is the online broker-dealer for
independent reps and advisors. Powered by the award-winning
technology of optionsXpress(R), its parent company, brokersXpress
provides a leading-edge trading platform particularly powerful for
reps and advisors who employ option strategies. For more
information on how partnering with brokersXpress can empower your
business to new levels, contact us confidentially by e-mail at .
Member NASD/SPIC. CRD# 127081 This Morning Update was prepared with
data and information provided by: InvestorsObserver.com - Better
Strategies for Making Money -> For Investors With a Sense of
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over $420, see: http://www.investorsobserver.com/must Quote.com
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Register NOW for the FREE 247profits e-Dispatch. Go to:
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Research - Sign up for your FREE e-weekly, Monday Morning Outlook,
Bernie Schaeffer's look ahead at the markets. Sign Up Now
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Way To Find, Compare, Analyze, and Make Money On Options
Investments. For a 14-Day FREE trial and 5 FREE bonuses go to:
http://www.investorsobserver.com/poweropt 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/
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