We are adding the following positions to our August recommended list.
We are recommending credit spreads in the following issues.
ADS - Alliance Data Systems Corporation is a leading provider of transaction services, credit services and marketing services to retail companies in North America. They focus on facilitating and managing electronic transactions between clients and their customers through multiple distribution channels including in-store, catalog and the Internet. Their credit and marketing services assist clients in identifying and acquiring new customers, as well as helping to increase the loyalty and profitability of their existing customers.
AAPL - Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers.
RRC - Range Resources Corporation, an independent oil and gas company, engages in the exploration, development, and acquisition of oil and gas properties primarily in the southwestern, Appalachian, and Gulf Coast regions of the United States. The companyÂ’s southwestern operations include the Barnett Shale of north central Texas, the Permian Basin of west Texas, and eastern New Mexico, as well as the East Texas Basin, the Texas Panhandle, and the Anadarko Basin of western Oklahoma. Its Appalachian operations include tight-gas, shale, coal bed methane, and conventional oil and gas production in Pennsylvania, Virginia, Ohio, New York, and West Virginia.
NEM - Newmont Mining Corporation engages in the production of gold from its properties in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand, and Mexico. It owns properties in Nevada, which include open pit mines and underground mines, including Carlin, located west of the city of Elko on the geologic feature known as the Carlin Trend; the Twin Creeks mine and the Midas mine near the town of Valmy; the Phoenix mine located south of Battle Mountain; and the Leeville underground mine located on the Carlin Trend. The companyÂ’s properties in Australia/New Zealand include the Fimiston open pit mine and Mt. Charlotte underground mine at Kalgoorlie, Australia
We are recommending the following specific credit spreads.
put credit spreads = bullish credit spreads