BLI Big Lots

CHICAGO, Nov. 16 /PRNewswire/ -- Seven Summits Research issues the following Morning Update at 8:30 AM EST with new PriceWatch Alerts for key stocks. Before the open... PriceWatch Alerts for TYC, ANF, ADI, DHI, and BLI, Market Overview, Dynamic Market Opportunities, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "I view the explicit statement of a long-run inflation objective as fully consistent with the Federal Reserve's current policy approach, including its appropriate emphasis on the role of judgment and flexibility in policy- making." -- Ben Bernanke, Chief Economic Advisor, US New PriceWatch Alerts for TYC, ANF, ADI, DHI, and BLI... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Tyco International Ltd. (NYSE:TYC) Last Price 27.40 - APR 25.00 CALL OPTION@ $3.50 -> 4.6 % Return assigned* -- Abercrombie & Fitch Co. (NYSE:ANF) Last Price 56.89 - DEC 55.00 CALL OPTION@ $4.40 -> 4.8 % Return assigned* -- Analog Devices Inc. (NYSE:ADI) Last Price 37.09 - MAR 35.00 CALL OPTION@ $3.50 -> 4.2 % Return assigned* -- DR Horton Inc. (NYSE:DHI) Last Price 32.31 - JAN 30.00 CALL OPTION@ $3.90 -> 5.6 % Return assigned* -- Big Lots Inc. (NYSE:BLI) Last Price 12.11 - APR 12.50 CALL OPTION@ $1.05 -> 13.0 % 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 Investor's Cheat Sheet - An essential pocket reference guide packed with the strategies, tactics, tips, and rules of thumb for smarter investing. For your FREE Investor's Cheat Sheet, go to: http://www.investorsobserver.com/FreeCSMU NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. MARKET OVERVIEW Overseas markets are mostly underwater this morning, with only four of the 15 markets that we follow in positive territory. The cumulative average return on the group stands at a 0.271-percent loss. In Asia, the Nikkei charged 0.6 percent higher while the Hang Seng closed with a 0.2-percent gain. The Japanese index bounced back as a strong U.S. dollar helped exporters and investors bought back financial institution stocks, which have fallen in recent sessions. Turning to Europe, trading is mostly in the red. The London FTSE 100 has shed 0.7 percent, the French CAC 40 is down 0.8 percent and the German DAX has retreated 0.6 percent. In news across the ocean, the British pound dropped against the dollar after the Bank of England stated in a quarterly report that its inflation outlook is slightly weaker than it was in August. The central bank added that risks to growth and inflation are broadly balanced. The wording was considered a bit more dovish than the market anticipated. The December futures contract on sweet crude oil staggered 1.23 percent lower on Tuesday to finish below the $57-a-barrel mark, its lowest daily close since June 10. Tomorrow, the Energy Department and the American Petroleum Institute will release weekly inventory levels. Distillate supplies are widely expected to show their first increase in eight weeks. In early news this morning, OPEC in its monthly report lifted its forecast slightly for 2006 oil demand. The oil cartel now expects demand to increase 1.8 percent, or 1.5 million barrels per day, to 84.8 million barrels of oil per day. OPEC's previous estimate was for demand in 2006 of 84.73 million barrels of oil a day. 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 In a statement that might seem somewhat obvious to many observers, People's Bank of China governor Zhou Xiaochuan has declared that the country's economy is now robust enough to cope with a more flexible currency. It's not a difficult conclusion to draw, considering the Chinese economy has posted growth in excess of 9% for three straight years. The pertinent question now is whether the bank is now open to the idea of letting the yuan strengthen more. It would certainly seem to suggest so. Since relaxing the currency from a rigid ten-year-old peg to the US dollar -- from 8.28 to 8.11 (2.1%) -- back on July 21, the yuan has gained a meager 0.3%. But over the first nine months of 2005, China's trade surplus still ballooned to US$68 billion, up an astonishing 1,600% from the US$4 billion in the same period in 2004. In the light of that news, US Trade Representative Rob Portman said the US trade deficit with China this year is likely to exceed US$200 billion. That would be US$40 billion more than last year. His prediction isn't surprising, considering the deficit for the first nine months of the year was US$146.3 billion. The situation has become so grave that two US Senators -- Charles Schumer and Lindsay Graham -- have decided to get tough. They've proposed a bill that would levy a 27.5% tariff on all Chinese imports unless China takes decisive action to revalue its yuan. Word has it that the bill is gathering support among US lawmakers. 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, Tyco, Agilent Technologies, and Biogen Idec lead the list of companies with the most news stories while Nautilus and Zale Corp are showing a spike in news. D.R. Horton, Gilead Sciences, and Apple Computer have the highest srtIndex scores to top the list of companies with positive news while Big Lots and La-Z-Boy Pharmaceuticals lead the list of companies with negative news reports. Chiron 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 7:00 a.m. Nov 11 MBA Refinancing Index 8:30 a.m. Oct Consumer Price Index (CPI) 8:30 a.m. Oct CPI, ex-food and energy 9:00 a.m. Sept Treasury Intl Capital Flows 10:00 a.m. Sept Business Inventories 10:30 a.m. Nov 11 U.S. Energy Dept Crude Oil Stocks 10:30 a.m. Nov 11 U.S. Energy Dept Distillate Stocks 10:30 a.m. Nov 11 U.S. Energy Dept Gasoline Stocks 12:00 p.m. Philadelphia Fed Pres Santomero speaks at "A Credit to Greater Philadelphia" conference in Philadelphia 1:00 p.m. Nov NAHB Housing Market Index 6:30 p.m. Philadelphia Fed Pres Santomero presents the Lawrence Klein Award for Blue Chip Forecast Accuracy In New York 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 Investment Research CONTACT: Reid Stratton of Seven Summits Investment Research, +1-800-698-9101

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