MORNING UPDATE: brokersXpress, LLC issues alerts for BRCM, TELK, PSUN, LOW, and GG

CHICAGO, May 16 /PRNewswire/ -- brokersXpress, LLC issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks.

Before the open... PriceWatch Alerts for BRCM, TELK, PSUN, LOW, and GG, Market Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY "Material success is possible in this world, and far more satisfying, when it comes without exploiting others." -- Alan Greenspan, Chairman, Federal Reserve New PriceWatch Alerts for BRCM, TELK, PSUN, LOW, and GG... PRICEWATCH ALERTS -- HIGH RETURN COVERED CALL OPTIONS ----------- -- Broadcom Corp. Last Price 33.86 -- AUG 32.50 CALL OPTION@ $3.20 -> 6.0 % Return assigned* -- Telik Inc. Last Price 17.17 -- JUN 17.50 CALL OPTION@ $0.80 -> 6.9 % Return assigned* -- Pacific Sunwear of California Inc. Last Price 21.73 -- SEP 20.00 CALL OPTION@ $3.00 -> 6.8 % Return assigned* -- Lowes Companies Inc. Last Price 52.86 -- OCT 50.00 CALL OPTION@ $5.30 -> 5.1 % Return assigned* -- Goldcorp Inc. Last Price 12.29 -- JUL 12.50 CALL OPTION@ $0.65 -> 7.4 % 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.

NEWS LEADERS AND LAGGARDS

So far today, Microsoft Corp, Lowes Cos Inc, and Limited Brands Inc. lead the list of companies with the most news stories while CIT Group Inc and Goldcorp Inc are showing a spike in news. Pfizer Inc, Sanofi-Aventis, and Amgen Inc. have the highest srtIndex scores to top the list of companies with positive news while Dell Inc. and Home Depot Inc. lead the list of companies with negative news reports. GlaxoSmithKline PLC has popped up with a high positive news sraIndex score.

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MARKET OVERVIEW

Overseas trading continues to head toward the downside this morning, as only one of the 15 foreign indices that we track is in positive territory. Oil and gas stocks have been the major market killers here, as the continued pullback in oil prices has sent traders scrambling away from these issues. Furthermore, in France, the government cancelled the usual Pentecost holiday so that it could raise funds for care for the elderly. Several trade unions have called strikes to protest the cancellation.

Futures were trading slightly higher this morning, offering the promise of a higher open after last week's rather dismal ending. The biotech and pharmaceutical sectors could be in focus today, as investors are expected to take notice of the plethora of drug trial updates stemming from the American Society of Clinical Oncology (ASCO) that took place over the weekend. The Dollar is looking to help boost the equity market higher in the early going, as the old greenback is extending Friday's gains. Meanwhile, oil and gas stocks are still taking a beating, as June crude futures were last seen at $48.13 per barrel.

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DYNAMIC MARKET OPPORTUNITIES

Fresh from Wednesday's surprising batch of US trade data, the UK and Canada also released upbeat data. First up, Britain, where the Office for National Statistics said the trade deficit dipped from 5 billion pounds sterling in February to 4.4 billion pounds sterling in March -- the lowest number in a year. Like the US data, the figure surprised economists, who had expected the gap to remain at 5 billion pounds sterling. The drop came as exports increased 3.4% to 21 billion pounds sterling, but imports fell 0.4% to 16 billion pound sterling, as consumers continue to behave more frugally, now that interest rates aren't as accommodating. Proof of that came with the April retail report from the British Retail Consortium, which showed sales slumped 4.7% from a year earlier. That followed a 1.7% gain in March and was the biggest plunge since 1995. This doesn't bode well for an economy that has enjoyed a remarkable 51 consecutive quarters of economic growth, propelled largely by vibrant consumer spending. The manufacturing sector also added to the negativity, sinking by the largest amount in three years in March (1.6%). But it's because of the consumer spending slowdown that the Bank of England just revised its GDP growth this year from 2.7% to 2.6%. In Canada, a glut of energy exports helped the country's trade surplus swell slightly in March -- from C$4.1 billion to C$4.2 billion. Exports edged up 0.2% to C$35.8 billion, as energy shipments jumped ahead 10.6%. However, that still meant that the overall first quarter surplus was the smallest in five years -- plenty for the Bank of Canada to ponder, as it juggles that, and what has become a slightly prohibitive appreciation in the Canadian dollar, versus its American counterpart (up 25% over the past two years).

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TODAY'S ECONOMIC CALENDAR 8:30 AM May Empire State Manufacturing Index 9:00 AM March Treasury Intl Capital Flows 1:00 PM May NAHB Housing Market Index

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