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MORNING UPDATE: Seven Summits Research Issues Alerts for EMC, AEOS, GG, MRVL, and IR

    CHICAGO, Sept. 27 /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 EMC, AEOS, GG, MRVL, and IR,
Market Overview, News leaders and Laggards, Today's Economic Calendar, and the
Quote Of The Day.

    QUOTE OF THE DAY
    "Housing is a fault line in the economy that Greenspan is indeed worried
about, but he doesn't think a housing (slowdown) will undermine the
expansion."
    -- Mark Zandi, chief economist, Economy.com

    New PriceWatch Alerts for EMC, AEOS, GG, MRVL, and IR...

    PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
    -- EMC Corp. (NYSE: EMC)
    Last Price 12.48 - JAN 12.50 CALL OPTION@ $0.85 -> 7.5 % Return assigned*
    -- American Eagle Outfitters Inc. (Nasdaq: AEOS)
    Last Price 23.65 - NOV 22.50 CALL OPTION@ $2.50 -> 6.4 % Return assigned*
    -- Goldcorp Inc. (NYSE: GG)
    Last Price 19.88 - JAN 17.50 CALL OPTION@ $3.20 -> 4.9 % Return assigned*
    -- Marvell Technology Group Ltd. (Nasdaq: MRVL)
    Last Price 44.48 - NOV 42.50 CALL OPTION@ $3.80 -> 4.5 % Return assigned*
    -- Ingersoll-Rand Company Ltd. (NYSE: IR)
    Last Price 38.26 - JAN 37.50 CALL OPTION@ $2.45 -> 4.7 % 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

    (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
    European markets have dropped slightly as crude has held firm above $65
per barrel. While this increase is bad news for the German DAX and the French
CAC 40, it is good news for the FTSE, which has made slight gains. Tokyo's
Nikkei 225 index was unable to repeat the performance from South Korean and
Australian stock markets, which reached new all-time highs. Again, gains were
mainly capped by rising crude prices. Currently, a meager two indices out of
those we track have been able to fight their way into positive territory,
posting an average return of -0.195.
    The October futures contract on sweet crude oil tacked on more than one
dollar per barrel.  Black gold rebounded from a seven-week low with 100
percent of daily oil output in the Gulf still offline, as a result, more than
1.5 million barrels of daily oil production in the Gulf is shut in.  What's
more, traders were a bit nervous ahead of incoming damage reports from
Hurricane Rita.  November-dated crude tacked on more than a dollar to finish
above $65 per barrel at $65.82.

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    DYNAMIC MARKET OPPORTUNITIES
    With the latest estimates putting Hurricane Katrina reconstruction costs
alone as high as US$200 billion, that's bound to have a significant effect on
the economy at some point -- perhaps more so because George Bush has promised
not to raise taxes to pay the federal government's share of the bill. While
that's good news for all taxpayers, it has left many wondering what impact
this will have on the already bloated deficits and inflation. More government
borrowing and massive amounts of cash heading down South will surely have some
kind of inflationary knock-on effect. It's important to remember, however,
that the broader US economy has taken the hurricanes in stride and that
although spending will probably cause some kind of inflationary rise, much of
the money will also filter into corporate accounts, which should at least
partially offset some of that pressure. In terms of oil prices, before
Hurricanes Katrina and Rita hit Louisiana, Mississippi and Texas, crude oil
prices were hovering around the US$55 a barrel level. So if the current price
of oil is truly based on excess global demand and inadequate supply, then that
price should be the benchmark for where it should settle. A Fitch Ratings
report also states: "If oil prices were to remain at $70/bbl for a sustained
period, world GDP growth in 2006 could fall by around 1% compared to previous
forecasts."

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    NEWS LEADERS AND LAGGARDS
    So far today, Adobe Systems, National Semiconductor, and XM Satellite
Radio lead the list of companies with the most news stories while Taiwan
Semiconductor Manufacturing and International Paper are showing a spike in
news. Lennar, Jabil Circuit, and Pepsi Bottling Group have the highest
srtIndex scores to top the list of companies with positive news while TASER
International and Pfizer lead the list of companies with negative news
reports. Netflix, Inc has popped up with a high positive news sraIndex score.

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    TODAY'S ECONOMIC CALENDAR
    7:45 a.m.  Sep 24 ICSC Store Sales Index
    8:55 a.m.  Sep 24 Redbook Retail Sales Index
    10:00 a.m. Aug New Home Sales
    10:00 a.m. Sept Richmond Fed Mfg Index
    10:00 a.m. Sept Conference Board Consumer Confidence Index
    12:00 p.m. Aug Chicago Fed Midwest Mfg Index
    2:45 p.m.  Fed Chairman Greenspan speaks via satellite at the National
               Association for Business Economics' "Change and
               Competitiveness: Who Moved My Paradigm?" conference in Chicago
    5:00 p.m.  Sep 25 ABC/Washington Post Consumer Confidence Index
    7:00 p.m.  Chicago Fed President Moskow attends Arab-American Business and
               Professional Association dinner in Chicago

    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:

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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 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.


SOURCE Seven Summits Investment Research




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CONTACT:
Reid Stratton of Seven Summits Investment
Research, +1-800-698-9101