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Call Updates

Chubb Corp - CB - close: 86.72 change: 0.77 stop: 83.99 *new*

Another positive day in the markets helped push shares of CB toward resistance at the $87.00 level. The stock looks poised to breakout to new highs. Our target is the $89.50-90.00 range. We are raising the stop loss to $83.99.

Picked on June 10 at $ 85.05
Change since picked: 1.67
Earnings Date 07/26/05 (confirmed)
Average Daily Volume = 1.2 million

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Cummins Inc - CMI - close: 77.03 change: 2.01 stop: 73.49 *new*

It was a big day for CMI. The broad market rally helped push CMI through resistance at the $76.00 level. The stock closed above the $77 mark and is within striking distance of our $77.50-80.00 target range. We're suggesting that traders prepare to exit. We are raising our stop loss to $73.49.

Picked on June 19 at $ 74.03
Change since picked: 3.00
Earnings Date 07/22/05 (confirmed)
Average Daily Volume = 970 thousand

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Coventry Hlth Care - CVH - cls: 73.37 chg: -0.57 stop: 69.49

The healthcare sector was one of the only groups to close in the red today. CVH followed its peers lower but we remain bullish on its prospects. A rebound from the $72.00-72.50 region would be an attractive entry point for new calls.

Picked on July 05 at $ 72.75
Change since picked: 0.62
Earnings Date 08/02/05 (unconfirmed)
Average Daily Volume = 1.0 million

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Fortune Brands - FO - close: 93.51 chg: 0.28 stop: 88.99

The RLX retail index surged to new six months highs today and this gave shares of FO a lift. The stock came within 50 cents of our $95-96 target range. The good news is that both the RLX and FO look poised to continue higher tomorrow.

Picked on July 03 at $ 90.51
Change since picked: 3.00
Earnings Date 07/22/05 (unconfirmed)
Average Daily Volume = 648 thousand

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Intuit - INTU - close: 47.36 chg: -0.70 stop: 43.90

The rally in shares of INTU took a pause today. Shares had become a little over-extended and need a break. We see no changes from our previous update. Our target is the $49.50-50.00 range.

Picked on July 07 at $ 46.51
Change since picked: 0.85
Earnings Date 08/17/05 (unconfirmed)
Average Daily Volume = 1.7 million

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Noble Energy - NBL - close: 80.14 chg: 0.74 stop: 75.99 *new*

NBL continues to look strong and today's bounce back over the $80.00 mark could be a new entry point. Our target is the $84-85 range. We're raising the stop loss to $75.99.

Picked on July 05 at $ 78.15
Change since picked: 1.99
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 1.0 million

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Quanex - NX - close: 56.82 change: 1.34 stop: 52.99 *new*

Widespread gains across the market today are a fertile ground for NX's growing breaking above the $55.00 level. Our target is the $59.50-60.00 range. We're raising the stop loss to $52.99.

Picked on July 07 at $ 55.10
Change since picked: 1.72
Earnings Date 08/25/05 (unconfirmed)
Average Daily Volume = 337 thousand

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Reynolds American - RAI - close: 79.76 chg: 0.93 stop: 76.49

Our new bullish play in RAI is off to a good start with more follow through on its rebound from the bottom of its trading range. We see no changes from our weekend update.

Picked on July 10 at $ 78.83
Change since picked: 0.93
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume = 664 thousand

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Rio Tinto - RTP - close: 128.01 chg: 2.12 stop: 121.49

Good news! RTP has broken through technical resistance at its simple 100-dma with today's 1.68 percent gain. The stock looks poised to make a run toward our target in the $129.50-130.00 range. More conservative traders may want to consider taking some profits right here though.

Picked on June 27 at $123.33
Change since picked: 4.68
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 160 thousand

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Toll Brothers - TOL - close: 53.96 chg: 1.98 stop: 48.95

TOL is seeing a very positive post-split reaction. The stock added 3.8 percent today on (obviously) above average volume. The stock began trading on a split adjusting basis following its 2-for-1 split over the weekend. If you missed the entry point this morning you might want to wait for a dip before jumping in. Our target is the $57.50-60.00 range.

Picked on July 10 at $ 51.98
Change since picked: 1.98
Earnings Date 08/22/05 (unconfirmed)
Average Daily Volume = 2.4 million

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Sunoco Inc - SUN - close: 120.94 chg: 0.64 stop: 114.99

No change from our previous update. Our target is the $124.50-125.00 range. SUN has a 2-for-1 split on August 1st.

Picked on July 03 at $117.87
Change since picked: 3.07
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume = 1.3 million

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Wellpoint Inc - WLP - close: 71.21 chg: 0.46 stop: 67.49

Healthcare was one of the only sectors trading lower on Monday but WLP bucked the trend. The stock added 0.6 percent to close near all-time highs. The gain may have been attributed to positive news. WLP announced that it has settled two class action lawsuits brought by more than 700,000 doctors over "alleged unfair payment practices" (source: AP). We see no change from our weekend update. Our target is the $74.00-75.00 range.

Picked on June 05 at $ 68.40
Change since picked: 2.81
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million
 

Put Updates

None
 

Dropped Calls

Fording Candn Coal - FDG - cls: 98.10 chg: 2.14 stop: 89.49

Target achieved. Today's broad market rally could not outpace the strength in shares of FDG. The stock added another 2.2 percent and traded into our suggested target range of $97.00-100.00. We initially suggested the September strikes and they've all seen significant increases in value. We're closing the play at the $97 mark but more aggressive traders may want to just ratchet up their stop loss and let the stock run or aim for the $100 region, which is likely to act as round-number, psychological resistance.

Picked on June 19 at $ 90.30
Change since picked: 7.80
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 384 thousand
 

Dropped Puts

Ambac Fincl. - ABK - close: 70.94 chg: 1.89 stop: 71.01

It has been very tough to be a bear the last few days with the broad market indices rebound higher and breaking out through resistance. Today's market gains helped fuel the rebound in shares of ABK, which added 2.7 percent to push through, at least temporarily, the $71.00 level. We have been stopped out at $71.01.

Picked on June 26 at $ 69.62
Change since picked: 1.32
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume = 992 thousand
 

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