OMM Omi Corp New

CHICAGO, Oct. 18 /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 JNJ, NVLS, FCX, SWY, and OMM, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The effect of the current surge in oil prices, though noticeable, is likely to prove significantly less consequential to economic growth and inflation than the surge in the 1970s." -- Alan Greenspan, Chairman, US Federal Reserve New PriceWatch Alerts for JNJ, NVLS, FCX, SWY, and OMM PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Johnson & Johnson (NYSE:JNJ) Last Price 63.00 - APR 60.00 CALL OPTION@ $5.40 -> 4.2 % Return assigned* -- Novellus Systems Inc. (NASDAQ:NVLS) Last Price 24.89 - MAR 22.50 CALL OPTION@ $3.70 -> 6.2% Return assigned* -- Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) Last Price 47.94 - JAN 45.00 CALL OPTION@ $4.80 -> 4.3 % Return assigned* -- Safeway Inc. (NYSE:SWY) Last Price 24.39 - MAR 22.50 CALL OPTION@ $3.00 -> 5.2 % Return assigned* -- OMI Corp. (NYSE:OMM) Last Price 17.95 - JAN 17.50 CALL OPTION@ $1.55 -> 6.7% 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. MARKET OVERVIEW In overseas trading, foreign indices are slightly improved over yesterday at this time. Currently, nine of the 14 indexes that we track are in positive territory, with the cumulative average return standing at 0.143. Asian markets attempted to finish Tuesday's session higher on strength in the U.S. dollar, but the Japanese Nikkei fell prey to speculation ahead of Intel's (INTC) earnings report scheduled to arrive after the close of U.S. trading today. Across the pond in Europe, traders are working hard to hold indices in positive territory, emboldened by several strong earnings reports in the healthcare sector and a pullback in crude prices. The November futures contract on sweet crude oil (CL/X5 - 64.36) jumped nearly three percent yesterday, as concerns over Gulf Oil production were renewed with the advent of the 21st tropical storm of the season. The storm even overshadowed a report from OPEC, which cited lower world demand. OPEC now expects 2005 demand for crude oil at 28.7 million barrels per day, up 500,000 barrels per day from 2004 but down 200,000 barrels per day from its previous forecast. For 2006, OPEC sees demand at 28.5 million barrels per day, down 400,000 barrels per day from last month's estimate. In early trading, crude has pulled back 88 cents to trade at $63.48 per barrel. Get Free Stock Picks from Bernie Schaeffer, 3 time winner of the Wall Street Journal Stock Picking Contest. For your Free Trial go to: http://www.investorsobserver.com/freemo2 DYNAMIC MARKET OPPORTUNITIES As the hurricane season's next storm, Tropical Storm Wilma forms in Central America, about halfway between the northeast coast of Nicaragua and the southwestern edge of Jamaica, it marks a watershed moment. Having now gotten to "W" in the alphabet, this ties the record from 1933 for named storms in a single season. Should there be any more, the naming process will switch to the Greek alphabet using names from Alpha to Omega. Current forecasts put Wilma on track to form more dangerously in the warm waters of the Gulf of Mexico at the weekend - and by midday on Monday, crude oil prices had climbed about 2% in anticipation, with natural gas prices climbing 5%. Many oil stocks also rose on the news. For many oil and gas companies, particularly the ones affected by the recent storms, the immediate future looks a little grim. Gulf area capacity is still about two-thirds below normal levels and the financial world is now seeing the first downward earnings revisions for oil companies in two years, with third quarter results looking downbeat. For example, hurricane repairs and lost profits will cost BP US$700 million and Chevron US$350 million. However, once the market digests this news and the end of the hurricane season coincides with the winter heating season, investors could once again start focusing more on the future, rather than the past. At the 247Profits investment group, Brit Ryle thinks it could "set the stage for a nice run for energy stocks towards the end of the year. Plus, if you consider the leadership role the energy stocks have played, the whole stock market could ramp higher. The only problem with this theory is timing. More specifically, will investors be able to wait until earnings before they start buying energy stocks? I suspect not. In fact, the buying may have already begun ... ". 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 NEWS LEADERS AND LAGGARDS So far today, International Business Machines, SunTrust Banks, and Merrill Lynch & Co lead the list of companies with the most news stories while American Standard Companies and KeyCorp are showing a spike in news. Johnson & Johnson, 3M Co, and United Technologies have the highest srtIndex scores to top the list of companies with positive news while Great Atlantic & Pacific Tea Co. and Theragenics Corp lead the list of companies with negative news reports. Novartis AG 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/ TODAY'S ECONOMIC CALENDAR 7:45 a.m. Oct 15 ICSC Store Sales Index 8:30 a.m. Sept PPI 8:30 a.m. Sept PPI, ex-food and energy 8:55 a.m. Oct 15 Redbook Retail Sales Index 9:00 a.m. Aug Treasury Intl Capital 1:00 p.m. Oct NAHB Housing Market Index 2:40 p.m. San Francisco Fed Pres Yellen speaks on the U.S. economy in Salt Lake City 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: InvestorsObserver.com - Better Strategies for Making Money -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $420, see: http://www.investorsobserver.com/must Quote.com QCharts- Real time quotes and streaming technical charts to keep you up with the market. Analyze, predict, and stay ahead. for a Free 30 day trial go to: http://www.investorsobserver.com/MUQuote2 247profits.com: You'll get exclusive financial commentary, access to a global network of experts and undiscovered stock alerts. Register NOW for the FREE 247profits e-Dispatch. Go to: http://www.investorsobserver.com/agora Schaeffer's Investment Research - Sign up for your FREE e-weekly, Monday Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now http://www.investorsobserver.com/freemo PowerOptionsPlus - The Best 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.poweroptionsplus.com/ 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, +1-800-698-9101 Web site: http://www.sevensummitsinvestmentresearch.com/

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