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UBS (UBS) NewsBite - UBS Hits 52-Week Low

UBS (NYSE: UBS) hit a new 52-Week low of $11.85 so far today. Currently the stock is down $1.61 (-11.81%) to $12.02 on 5,299,868 shares traded. Today's low is down $39.87 from a 52-Week high of $51.89. UBS stock has been showing support around $11.64 and resistance in the $14.64 range. Technical indicators for the stock are neutral and S&P gives UBS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UBS the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

Intuit (INTU) NewsBite - INTU Upgraded By UBS

Intuit (INTU) was upgraded today by analysts at UBS and the stock is now at $21.53, up $0.92 (4.46%) on volume of 2,355,680 shares traded. The analyst upped INTU to "Buy" from "Sell." Over the last 52 weeks the stock has ranged from a low of $20.24 to a high of $32.16. Intuit stock has been showing support around $18.90 and resistance in the $23.30 range. Technical indicators for the stock are neutral and S&P gives INTU a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on INTU the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

AES (AES) NewsBite - AES Downgraded By Barclays Capital

AES (AES) was downgraded today by analysts at Barclays Capital and the stock is now at $7.57, down $0.85 (-10.10%) on volume of 5,060,997 shares traded. The brokerage downgraded the stock to "Equalweight" from "Overweight." Over the last 52 weeks the stock has ranged from a low of $6.66 to a high of $23.09. AES stock has been showing support around $7.27 and resistance in the $9.55 range. Technical indicators for the stock are bullish and S&P gives AES a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on AES the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

McAfee (MFE) NewsBite - MFE Lower on SYMC Forecast

McAfee (NYSE: MFE) opened at $28.83. So far today, the stock has hit a low of $24.72 and a high of $29.31. MFE is now trading at $25.09, down $2.58 (-9.32%). Over the last 52 weeks the stock has ranged from a low of $25.22 to a high of $41.66. MFE shares are declining today after competitor Symantec (SYMC) posted a third-quarter profit forecast below analysts' projections. MFE reports earnings today after market close. Technical indicators for the stock are neutral and S&P gives MFE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MFE the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

Activision (ATVI) NewsBite - ATVI Rises on Industry Consolidation

Activision (NasdaqNM: ATVI) opened at $10.76. So far today, the stock has hit a low of $10.42 and a high of $10.96. ATVI is now trading at $10.64, up $0.17 (1.62%). Over the last 52 weeks the stock has ranged from a low of $9.40 to a high of $19.28. ATVI shares are rising today after Japanese competitor Koei Co. Ltd. said it would buy rival Tecmo Ltd. in a $207 million stock deal. The deal has boosted other video-game stocks this morning. Technical indicators for the stock are neutral and S&P gives ATVI a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ATVI the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 8.75 range. [ABR-Seven Summits Strategic Investments NewsBite]

Sun Microsystems (JAVA) NewsBite - JAVA Covered In Bloomberg Video Report Today

Sun Microsystems (JAVA) was covered in a Bloomberg Video Report today and the stock is now at $4.11, up $0.03 (0.74%) on volume of 5,387,934 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $3.50 to a high of $21.55. Sun Microsystems stock has been showing support around $3.31 and resistance in the $4.47 range. Technical indicators for the stock are bearish and S&P gives JAVA a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on JAVA the stock seems like it could be a candidate for a January covered call above the 4 range. [ABR-Seven Summits Strategic Investments NewsBite]

Diana Shipping (DSX) NewsBite - DSX Upgraded By JP Morgan

Diana Shipping (DSX) was upgraded today by analysts at JP Morgan and the stock is now at $8.58, up $0.03 (0.35%) on volume of 2,286,340 shares traded. The analyst upgraded the stock to "Overweight" from "Neutral." Over the last 52 weeks the stock has ranged from a low of $8.51 to a high of $41.10. Diana Shipping stock has been showing support around $7.29 and resistance in the $10.99 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for DSX. If you are looking for a hedged play on DSX the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

GlaxoSmithKline PLC (GSK) NewsBite - GSK Downgraded By UBS

GlaxoSmithKline PLC (GSK) was downgraded today by analysts at UBS and the stock is now at $36.59, down $0.64 (-1.72%) on volume of 1,316,077 shares traded. The brokerage downgraded GSK to "Neutral" from "Buy." Over the last 52 weeks the stock has ranged from a low of $32.84 to a high of $54.64. GlaxoSmithKline PLC stock has been showing support around $33.90 and resistance in the $38.94 range. Technical indicators for the stock are neutral and S&P gives GSK a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on GSK the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 42.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Mechel (MTL) NewsBite - MTL Downgraded By Credit Suisse

Mechel (MTL) was downgraded today by analysts at Credit Suisse and the stock is now at $4.49, down $1.78 (-28.39%) on volume of 3,611,256 shares traded. Credit Suisse downgraded MTL today to Neutral from Outperform. Over the last 52 weeks the stock has ranged from a low of $3.63 in November to a high of $58.66 in May. Mechel stock has been showing support around $4.71 and resistance in the $7.05 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for MTL. If you are looking for a hedged play on MTL the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

Priceline com (PCLN) NewsBite - PCLN Lower on Downgrade

Priceline com (NasdaqNM: PCLN) opened at $53.20. So far today, the stock has hit a low of $52.74 and a high of $54.04. PCLN is now trading at $52.84, down $3.23 (-5.76%). Over the last 52 weeks the stock has ranged from a low of $45.15 to a high of $144.34. Shares of PCLN are trading lower this morning after a Banc of America Securities analyst downgraded the stock to "Neutral" from "Buy." Technical indicators for the stock are neutral and S&P gives PCLN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PCLN the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]

Best Buy (BBY) NewsBite - BBY Covered In Lee Allen Report Today

Best Buy (BBY) was covered in a Lee Allen Report today and the stock is now at $24.25, up $1.10 (4.75%) on volume of 1,590,557 shares traded. To see the report go to http://www.iotogo.com/la103008 . Over the last 52 weeks the stock has ranged from a low of $20.00 to a high of $53.90. Best Buy stock has been showing support around $21.33 and resistance in the $25.69 range. Technical indicators for the stock are bullish and S&P gives BBY a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on BBY the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

PNC Financial (PNC) NewsBite - PNC Covered In Bloomberg Video Report Today

PNC Financial (PNC) was covered in a Bloomberg Video Report today and the stock is now at $60.06, up $3.18 (5.59%) on volume of 5,218,391 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $49.01 to a high of $87.99. PNC Financial stock has been showing support around $53.00 and resistance in the $59.00 range. Technical indicators for the stock are bullish and S&P gives PNC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on PNC the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

China Mobile (CHL) NewsBite - CHL Rises on Chinese Stimulus Package

China Mobile (NYSE: CHL) opened at $45.78. So far today, the stock has hit a low of $44.90 and a high of $46.26. CHL is now trading at $44.95, up $1.09 (2.49%). Over the last 52 weeks the stock has ranged from a low of $34.33 to a high of $96.45. CHL shares are rising with other Chinese ADRs today after the Chinese government announced a $586 billion stimulus package intended to boost its economy. Technical indicators for the stock are bullish and S&P gives CHL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CHL the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

HSBC PLC (HBC) NewsBite - HBC Lower on Recession Worries

HSBC PLC (NYSE: HBC) opened at $52.38. So far today, the stock has hit a low of $52.02 and a high of $57.00. HBC is now trading at $52.92, down $11.28 (-17.57%). Over the last 52 weeks the stock has ranged from a low of $62.59 to a high of $99.52. HBC shares are tumbling with other banks today as investors are worried that government actions to combat the credit crisis will not keep the economy worldwide out of a deep recession. Technical indicators for the stock are bearish and S&P gives HBC a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HBC the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 65 range. [ABR-Seven Summits Strategic Investments NewsBite]

D R Horton (DHI) NewsBite - DHI Upgraded By Citigroup

D R Horton (DHI) was upgraded today by analysts at Citigroup and the stock is now at $5.33, up $0.20 (3.90%) on volume of 10,083,454 shares traded. The analyst upgraded the stock to "Buy" from "Hold." Over the last 52 weeks the stock has ranged from a low of $4.59 to a high of $17.95. D R Horton stock has been showing support around $3.39 and resistance in the $7.53 range. Technical indicators for the stock are bullish and S&P gives DHI a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DHI the stock seems like it could be a candidate for a January covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

Credit Suisse Group (CS) NewsBite - CS Downgraded By Deutsche Securities

Credit Suisse Group (CS) was downgraded today by analysts at Deutsche Securities and the stock is now at $35.11, down $3.07 (-8.04%) on volume of 777,863 shares traded. The brokerage downgraded CS to "Hold" from "Buy." Over the last 52 weeks the stock has ranged from a low of $30.01 to a high of $67.94. Credit Suisse Group stock has been showing support around $33.89 and resistance in the $40.75 range. Technical indicators for the stock are neutral and S&P gives CS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CS the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]

Eagle Bulk Shipping (EGLE) NewsBite - EGLE Downgraded By JP Morgan

Eagle Bulk Shipping (EGLE) was downgraded today by analysts at JP Morgan and the stock is now at $4.35, down $2.10 (-32.56%) on volume of 2,948,635 shares traded. The brokerage downgraded the stock to "Underweight" from "Overweight." Over the last 52 weeks the stock has ranged from a low of $5.50 to a high of $36.24. Eagle Bulk Shipping stock has been showing support around $5.23 and resistance in the $8.25 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for EGLE. If you are looking for a hedged play on EGLE the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Mobile Telesystems OJSC (MBT) NewsBite - MBT Rises on Q3 Profit

Mobile Telesystems OJSC (NYSE: MBT) opened at $26.05. So far today, the stock has hit a low of $25.86 and a high of $29.82. MBT is now trading at $27.78, up $1.39 (5.27%). Over the last 52 weeks the stock has ranged from a low of $20.17 to a high of $105.78. MBT shares are trading higher today after the company posted a third-quarter profit of $515.6 million, beating analysts' estimates of $512.1 million. Technical indicators for the stock are neutral and S&P gives MBT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MBT the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Toronto Dominion Bank (TD) NewsBite - TD Falls on Credit Losses

Toronto Dominion Bank (NYSE: TD) opened at $38.47. So far today, the stock has hit a low of $34.92 and a high of $38.47. TD is now trading at $35.70, down $3.94 (-9.94%). Over the last 52 weeks the stock has ranged from a low of $39.64 to a high of $75.00. Shares of TD are declining today after the company said it will take a loss of $350 Canadian million ($272 million) in the fourth quarter due to credit trading losses. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for TD. If you are looking for a hedged play on TD the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]

UBS (NYSE: UBS) NewsBite - UBS Drops on Economy Concerny

UBS (NYSE: UBS) opened at $11.41. So far today, the stock has hit a low of $10.98 and a high of $11.50. UBS is now trading at $11.12, down $1.62 (-12.72%). The stock hit its 52-Week high of $51.89 in December of last year and set its 52-Week low of $8.33 in November. Financial stocks including UBS are down big today as economic concerns are weighing heavily on that sector and the overall market in general as well. Technical indicators for the stock are neutral and S&P gives UBS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UBS the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

Toll Brothers (TOL) NewsBite - TOL Upgraded By Credit Suisse

Toll Brothers (TOL) was upgraded today by analysts at Credit Suisse and the stock is now at $18.01, down $1.92 (-9.63%) on volume of 2,818,067 shares traded. Credit Suisse upgraded TOL today from Underperform to Neutral and raised its price target to $20. Over the last 52 weeks the stock has ranged from a low of $13.55 in November to a high of $28.00 in September. Toll Brothers stock has been showing support around $18.81 and resistance in the $20.77 range. Technical indicators for the stock are bullish and S&P gives TOL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TOL the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.5 range. [ABR-Seven Summits Strategic Investments NewsBite]

Midway Games (NYSE: MWY) NewsBite - MWY Hits 52-Week Low

Midway Games (NYSE: MWY) hit a new 52-Week low of $.17 so far today. Currently the stock is down $.07 (-18.42%) to $.31 on 293,927 shares traded. Today's low is down $4.17 from a 52-Week high of $4.48. Midway Games stock has been showing support around $.29 and resistance in the $.43 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for MWY. MWY shares have plummeted over the past few years, but are taking another huge hit after a report today indicates that former majority owner and media mogul Sumner Redstone has sold his entire stake in the gaming company. We will just watch this one for now. There are no hedged trades we like the look of for MWY. [ABR-Seven Summits Strategic Investments NewsBite]

First Solar (NasdaqNM: FSLR) NewsBite - FSLR Falls on Lower Oil Futures

First Solar (NasdaqNM: FSLR) opened at $118.55. So far today, the stock has hit a low of $113.14 and a high of $118.73. FSLR is now trading at $114.35, down $10.49 (-8.4%). The stock hit its 52-Week high of $317.00 in May and set its 52-Week low of $85.28 in November. Energy stocks, including alternative energy companies like FSLR are lower today as oil futures have taken a tumble to the $48 level. Technical indicators for the stock are bullish and S&P gives FSLR a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on FSLR the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 160 range. [ABR-Seven Summits Strategic Investments NewsBite]

Banco Itau Holding Financeira (ITU) NewsBite - ITU Gets Boost From Bargain Hunters

Banco Itau Holding Financeira (NYSE: ITU) opened at $9.12. So far today, the stock has hit a low of $8.86 and a high of $9.16. ITU is now trading at $9.04, up $.87 (10.65%). Over the last 52 weeks the stock has ranged from a low of $6.70 to a high of $25.88. Shares of ITU are trading higher with the rest of the market this morning after bargain-hunters entered the market following two days of steep selling. Technical indicators for the stock are neutral and S&P gives ITU a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ITU the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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