MORNING UPDATE: Seven Summits Research Issues Alerts for AMGN, DOW, UPS, HON, and CAH

CHICAGO, Jan. 26 /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 AMGN, DOW, UPS, HON, and CAH, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"I am confident you will see a budget which is quite austere, a budget that's going to have a lot of Cabinet agency heads and government agency heads scrambling to manage in a more constrained resource environment."

-- John Snow, Secretary of Treasury, US New PriceWatch Alerts AMGN, DOW, UPS, HON, and CAH PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Amgen Inc. Last Price 75.47 - APR 75.00 CALL OPTION@ $4.20 -> 5.2 % Return assigned* -- Dow Chemical Co. Last Price 43.31 - SEP 40.00 CALL OPTION@ $5.20 -> 5.0 % Return assigned* -- United Parcel Service Inc. Last Price 76.76 - JUL 75.00 CALL OPTION@ $5.40 -> 5.1 % Return assigned* -- Honeywell International Inc. Last Price 36.06 - SEP 35.00 CALL OPTION@ $3.10 -> 6.2 % Return assigned* -- Cardinal Health Inc. Last Price 70.60 - JUN 70.00 CALL OPTION@ $4.40 -> 5.7 % 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

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NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.

MARKET OVERVIEW

In overseas trading, seven of eight reporting Asian/Pacific markets are up with Japan's Nikkei 225 up 1.5% and the Hong Kong Hang Seng is barely in the red. All nine reporting European markets are up, with the German Dax leading the way up 1.6%.

The March crude contract lost ground again yesterday after the weekly inventory numbers were released, but the contract has regained some ground this morning and is up about 10 cents since yesterday's close.

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DYNAMIC MARKET OPPORTUNITIES

According to the Confederation of British Industry, the European Union is in pressing need of "radical surgery" if it is to compete economically on a global scale. In a damning verdict, CBI chief Sir Digby Jones said that while the US has accelerated and China and India are flourishing new forces, the EU is stagnant, with arcane ideologies hampering the region's progress. Or, as he puts it, "Brussels is marching valiantly towards 1970 and we have to have a modernized Europe." His proposals include working towards a more flexible labor market. What the EU having expanded to 25 nations, the need for this is becoming more urgent. A total of 23 million EU residents are unemployed. Speaking of the European Union's struggles, the British Office for National Statistics (ONS) said UK GDP growth last year was a mere 1.8% higher than in 2004 -- the slowest growth rate since 1992. It was also some distance short of Chancellor Gordon Brown's official forecast that called for 3% to 3.5% expansion and more in line with his revised estimate of 1.75% back in December. But with 0.4% growth during the third quarter, followed by a 0.6% fourth quarter expansion, it's clear why the growth is tepid. Even that small fourth quarter resurgence (the best quarterly performance in a year) wasn't enough to prevent the full-year figure dipping to its lowest level since 1992 and well below the 3.2% mark notched up in 2004.

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NEWS LEADERS AND LAGGARDS

So far today, Amgen, Caterpillar, and Nokia lead the list of companies with the most news stories while Ingersoll-Rand and Suncor Energy are showing a spike in news. Honeywell, AT&T, and Lockheed Martin have the highest srtIndex scores to top the list of companies with positive news while Bowater and New York Community Bancorp lead the list of companies with negative news reports. General Electric has popped up with a high positive news sraIndex score.

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TODAY'S ECONOMIC CALENDAR 8:30 a.m. Dec Durable Goods 8:30 a.m. Jan 21 Jobless Claims 10:00 a.m. Jan 14 DJ-BTMU Business Barometer 10:00 a.m. Dec Conference Board Help-Wanted Index 10:30 a.m. Jan 20 US Energy Dept Natural Gas Stocks 11:00 a.m. Jan Kansas City Fed Mfg Index 4:30 p.m. Jan 21 Money Supply

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