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CHICAGO, Oct. 21 /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 COF, ERICY, SFA, AFFX, and AT, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "House prices are unlikely to continue rising at their current rates. However, as reflected in many private-sector forecasts ... a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year." -- Ben Bernanke, Chairman, US Council of Economic Advisers New PriceWatch Alerts for COF, ERICY, SFA, AFFX, and AT... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Capital One Financial Corp. (NYSE:COF) Last Price 72.60 - JAN 70.00 CALL OPTION@ $5.80 -> 4.8 % Return assigned* -- LM Ericsson Telephone Co. (NASDAQ:ERICY) Last Price 33.20 - JAN 32.50 CALL OPTION@ $2.55 -> 6.0 % Return assigned* -- Scientific-Atlanta Inc. (NYSE:SFA) Last Price 34.44 - MAR 30.00 CALL OPTION@ $5.90 -> 5.1 % Return assigned* -- Affymetrix Inc. (NASDAQ:AFFX) Last Price 44.47 - FEB 40.00 CALL OPTION@ $6.80 -> 6.2 % Return assigned* -- Alltel Corp. (NYSE:AT) Last Price 58.66 - APR 55.00 CALL OPTION@ $6.00 -> 4.4 % 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 markets are looking to finish the week with a negative performance, as only three of the 14 indices that we track are in positive territory. The cumulative average return on the group stands at -0.346. In Asia, markets finished mixed, as Japan's service industries picked up more than expected in August. The tertiary index, a gauge of activity in Japan's services sector, rose 1.7 percent from the previous month, according to the Ministry of Economy, Trade, and Industry. In Europe, stocks are slipping in a follow-up to U.S. performance on Thursday. The December futures contract on sweet crude oil plunged 2.42 percent on Thursday, hitting their lowest levels in nearly three months. Yesterday's decline was sparked by this week's climb in U.S. crude and gasoline inventories, a fall in product demand, and waning concerns that Wilma will hurt energy output in the Gulf. Elsewhere, natural-gas futures fell more than four percent after a government report revealed that domestic supplies of the heating fuel rose above three trillion cubic feet for the first time since mid-December of last year. In early trading, the crude futures contract was last seen trading lower by 35 cents at $59.67 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 When is a "cooling" not really a "cooling" at all? Answer: When that number is still a lofty 9.4%. That's the amount by which China's economy expanded in both the third quarter and for the first nine months of 2005. The figure was down from 9.5% expansion over the first nine months of 2004 and in the second quarter. And for the fourth quarter? Economists believe that production and consumption disruptions in the US from the hurricanes will have a ripple effect in China. But when full-year GDP growth is still expected to roll in at over 9%, the only cause for concern that gives is whether China's infrastructure can cope with it all. China wants and needs a slowdown of some kind. But Goldman Sachs estimates peg Chinese growth at 9.4% this year and 9% in 2006. Among China's recent growth highlights: Retail sales jumped 12.7%, thanks to rising wages spurring more consumer spending. High-end purchases (cars, home appliances, computers) also sold well. Phone company Nokia also said that its Chinese sales leapt 76% during the second quarter. Exports grew almost 26% in September. Remarkably, that was the smallest gain since January 2004. Fixed-asset investment - a crucial element, as it accounts for about one-third of China's growth - also climbed 26% over the first nine months of the year. Industrial production raced ahead 16% in September - the best performance since June. However the news from China is not all rosy. Unfortunately, the Xinhua news agency reports that Vice-Premier Hui Liangyu has issued a grim warning about bird flu in China, saying that the country "is at the peak season of the bird flu outbreak" and faces a "grave" threat. According to the report, he has urged an all-out offensive to tackle the virus, including better tracking and quarantine efforts, in hopes that it doesn't spread to humans. 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, Google, Caterpillar, and Xerox lead the list of companies with the most news stories while Alltel and Cemex SA de CV are showing a spike in news. Broadcom, Baidu.com, and Sandisk have the highest srtIndex scores to top the list of companies with positive news while Maytag and AT&T lead the list of companies with negative news reports. LM Ericsson Telephone 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 There are no significant economic reports scheduled for today. 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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