GLW Corning Inc

CHICAGO, Sept. 28 /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 GLW, TLAB, TASR, PDE, and LOW, Market Overview, News leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "We will see consumer spending reduced until we see some relief on energy prices." -- Gary Thayer, chief economist, A.G. Edwards & Sons New PriceWatch Alerts for GLW, TLAB, TASR, PDE, and LOW... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Corning Inc. (NYSE:GLW) Last Price 18.52 - NOV 17.50 CALL OPTION@ $1.85 -> 5.0 % Return assigned* -- Tellabs, Inc. (NASDAQ:TLAB) Last Price 10.03 - DEC 10.00 CALL OPTION@ $0.65 -> 6.6 % Return assigned* -- TASER International, Inc. (NASDAQ:TASR) Last Price 6.35 - DEC 5.00 CALL OPTION@ $1.55 -> 4.2 % Return assigned* -- Pride International, Inc. (NYSE:PDE) Last Price 27.30 - JAN 25.00 CALL OPTION@ $3.60 -> 5.5 % Return assigned* -- Lowes Companies, Inc. (NYSE:LOW) Last Price 64.50 - JAN 60.00 CALL OPTION@ $6.80 -> 4.0 % 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. MARKET OVERVIEW Of the 15 foreign markets that we track, 12 of them have moved into positive territory with an average return of 0.495. Asian markets finished the day mixed as exporter stocks were able to advance on the weaker yen. This nullified a decline in chipmakers that was kicked off by a downgrade of Advantest Corp. by J.P. Morgan. Electronics firm, Sanyo Electric, also widened its loss estimate for the year, stating that it will accelerate job cuts and close some domestic plants. The German DAX 30 and the French CAC 40 have both been able to advance, thanks to Greenspan's comments and DCX's reported job cuts. Durable goods data will be released today. According to MarketWatch and its survey, economists expect durable goods orders to mark a rise of 0.9 percent in August following a drop of 4.9 percent in July. We will also be presented with our weekly crude inventory updates. Analysts are mixed in their estimates, but do agree that we will see a decrease in inventory when the Energy Department releases its data. 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 "Fixing roads in New Orleans will probably cost at least US$2 million per mile." That's according to the September 5 edition of Barron's. With roadwork a top priority and plans being set to begin the repairs, one of the most powerful investments could be to bet on highway contractor stocks. That means companies like Caterpillar should continue their recent uptrend for months to come. At US$2 million per mile, the 40 miles of devastated Highway 90 in Louisiana alone could cost US$80 million. Based on early estimates, hurricane-related roadwork will cost at least US$1 billion -- with some experts forecasting costs higher than US$2 billion. In addition, President Bush's signing of the Transportation Bill in August 2005, which guarantees at least US$227.6 billion for road construction between now and 2009, will also impact most favorably on construction companies. This bill marks a 31% spending increase from the previous five years. But, most likely, Mr. Bush had no idea how quickly this new funding would come into play. But while many continue to talk about damage done to infrastructure -- houses, utilities, communications, roads, etc. -- there are other sectors struggling in the post- storm fallout. Not least of these is agriculture, which is forecast to lose US$900 million, according to US Agriculture Secretary Mike Johanns. Losses from a severe drought in the Midwest that has crippled corn and soybean production have already hit US$1.3 billion. 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, Exxon Mobil, Celgene, and Occidental Petroleum lead the list of companies with the most news stories while Marathon Oil and Danaher Corp are showing a spike in news. Eastman Kodak, Amerada Hess, and Genentech have the highest srtIndex scores to top the list of companies with positive news while Constellation Brands Inc and Murphy Oil Corp lead the list of companies with negative news reports. Ford Motor Co 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. Sep 24 MBA Refinancing Index 8:30 a.m. Aug Durable Goods 10:30 a.m. Sep 23 US Energy Dept Crude Oil Stocks 10:30 a.m. Sep 23 US Energy Dept Distillate Stocks 10:30 a.m. Sep 23 US Energy Dept Gasoline Stocks 11:00 a.m. Sept Kansas City Fed Mfg Index 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 Web site: http://www.sevensummitsinvestmentresearch.com/

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