MORNING UPDATE: Seven Summits Research Issues Alerts for BSX, ATVI, OXY, YUM, and NBR

CHICAGO, Feb. 7 /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 BSX, ATVI, OXY, YUM, and NBR, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"[The President's proposed budget] is misleading and incomplete, willfully excluding the president's request to pay for the war in Iraq and the long-term cost of his proposed tax cuts. While the president may want to ignore those costs, Congress cannot without purposefully leaving a legacy of debt that our children will have to pay off in the form of higher taxes."

-- Ted Strickland, Representative from Ohio, US House of Representatives New PriceWatch Alerts BSX, ATVI, OXY, YUM, and NBR PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Boston Scientific Corp. Last Price 21.62 - MAY 20.00 CALL OPTION@ $3.00 -> 7.4 % Return assigned* -- Activision Inc. Last Price 14.36 - AUG 12.50 CALL OPTION@ $2.90 -> 9.1 % Return assigned* -- Occidental Petroleum Corp. Last Price 93.99 - MAY 90.00 CALL OPTION@ $9.80 -> 6.9 % Return assigned* -- Yum! Brands Inc. Last Price 51.17 - JUL 50.00 CALL OPTION@ $4.20 -> 6.5 % Return assigned* -- Nabors Industries Ltd. Last Price 81.20 - JUN 80.00 CALL OPTION@ $8.30 -> 9.7 % 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

Overseas trading looked robust yesterday, but today only four of the 15 foreign markets that we track are in positive territory, and the cumulative average return is negative 0.277 percent. The Asian markets are mixed, but in Europe, the French CAC40 and the German Dax are down -0.3 percent as we move into the afternoon session, and the FTSE 100 in London is down -0.5 percent. The Danish market has become one to watch this week. It has lost ground during the past few sessions, but it is still close to a record high.

The U.S. Dollar Index gained 0.44 percent yesterday, continuing an uptrend that began on January 23. The dollar is ahead against all the foreign currencies that we track except the Yen and the Swiss franc.

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DYNAMIC MARKET OPPORTUNITIES

On the surface, the fact that the US economy generated 193,000 new jobs in February, with the unemployment rate consequently declining 0.2% to a five- year low of 4.7%, looks like good news. But it isn't. With the jobless rate falling to a level where inflation might pick up, the numbers merely sparked investor concern of more interest rate hikes in the near future. When the Federal Reserve met for the last time under Alan Greenspan last week, it left the possibility open that it could raise rates further. This job number could now make that possibility more credible when the Fed reconvenes next month under Ben Bernanke. However, the notion that there's a point where the unemployment rate becomes inflationary is an antiquated economic idea. The Fed is not going to raise interest rates simply because the unemployment rate is below 5%. And we have Alan Greenspan to thank for debunking that myth. The Fed isn't going to make any decision based on one month of data. The surprise drop in US productivity is worse news than the job numbers -- and should it continue to fall, that could be the onset of a larger problem. While it's true that bad news often leads, many financial headlines today would seem to suggest that the American economy is faring poorly. But take a look at corporate earnings. In the midst of another reporting season, the Financial Times expects fourth quarter earnings-per-share figures on the S&P 500 to grow at a 13.4% rate. If this prediction is anywhere near accurate, it will mark ten consecutive quarters that the market has recorded double-digit earnings growth. That type of trend hasn't been seen since the middle of the 1990's and only once before that, in the mid-1970's.

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NEWS LEADERS AND LAGGARDS

So far today, Coca-Cola, Toll Brothers, and Under Armour lead the list of companies with the most news stories while Regal Entertainment Group and Alcan are showing a spike in news. Urban Outfitters, The Walt Disney Co, and Toyota Motors have the highest srtIndex scores to top the list of companies with positive news while Myriad Genetics and Chiron Corp lead the list of companies with negative news reports. Chevron has popped up with a high positive news sraIndex score.

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TODAY'S ECONOMIC CALENDAR 7:45 a.m. Feb 4 ICSC Store Sales Index 8:55 a.m. Feb 4 Redbook Retail Sales Index 3:00 p.m. Dec Consumer Credit 5:00 p.m. Feb 5 ABC/Washington Post Consumer Confidence 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

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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, taxes or our subscription fees 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.

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