MORNING UPDATE: Seven Summits Research issues alerts for BAC, FRE, COST, MAR, and RI

CHICAGO, Oct. 6 /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 BAC, FRE, COST, MAR, and RI, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"The September numbers confirm the trend that historically high oil prices are now affecting oil consumption."

-- John van Schaik, analyst, Energyintel New PriceWatch Alerts for BAC, FRE, COST, MAR, and RI... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Bank of America Corp. Last Price 41.96 - JAN 42.50 CALL OPTION@ $1.20 -> 4.3 % Return assigned* -- Freddie Mac. Last Price 57.02 - JAN 55.00 CALL OPTION@ $4.20 -> 4.1 % Return assigned* -- Costco Wholesale Corp. Last Price 42.91 - JAN 42.50 CALL OPTION@ $2.50 -> 5.2 % Return assigned* -- Marriott International Inc. Last Price 63.17 - APR 60.00 CALL OPTION@ $6.50 -> 5.9 % Return assigned* -- Ruby Tuesday Inc. Last Price 21.45 - JAN 20.00 CALL OPTION@ $2.65 -> 6.4 % 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.

MARKET OVERVIEW

Overseas trading is bathed in red this morning as all 15 of the markets that we following are in negative territory. The cumulative average return on the group stands at a -1.466 percent. Weighing heavily on the group is the Nikkei's loss of 2.41 percent and the Hang Seng's 2.12-percent drop. Trading isn't looking much better in Europe at the moment, with the German Dax down 1.46 percent, the French CAC 40 has shed 1.37 percent, and the London FTSE 100 has lost 1.12 percent. Inflation fears have rippled across the pond and gripped the various markets around the world, pushing shares lower. Meanwhile, both the Bank of England and the European Central Bank have decided to leave interest rates unchanged

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DYNAMIC MARKET OPPORTUNITIES

With the price of gas affecting millions of consumers across America, many people are opting for alternative means of transportation. And sometimes, that means not driving at all. And new figures reveal that bikes might be the new cars. According to the US Chamber of Commerce, more bicycles have been sold than cars over the past 12 months. Some 87 million people have biked in the past 12 months and sales last year hit an all-time high of 19 million - just a shade under the 20 million sold during the oil embargo in the early 1970's, according to Tim Blumenthal, executive director of the 'Bikes Belong' industry group. And with high gas prices here to stay, the fad could stick around for a while. Elsewhere, the outlook for the steel industry remains strong. According to the International Iron and Steel Institute, global steel demand is expected to climb around 4% or 5% both this year and in 2006. For the industry and investors alike, it's good news that Chinese officials haven't had much success in slowing China's explosive economy, because that's what is driving the bulk of the steel industry's growth. Demand there is projected to jump 10% this year and a similar amount in 2006. It looks like the semiconductor industry is back on track, too. While sales remained flat in July, August's results showed a 3.2% month-to-month improvement to US$18.6 billion. This was a 1.7% rise over August 2004, according to figures from the World Semiconductor Trade Statistics (WSTS) group. Through the first eight months of 2005, industry growth has reached 5.8% compared with the same period last year, putting it on pace to hit 6% for the full year. Economists at JP Morgan in London are even more optimistic, saying growth could yet climb as high as 8%.

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NEWS LEADERS AND LAGGARDS

So far today, Costco Wholesale, Federated Department Stores, and Human Genome Sciences lead the list of companies with the most news stories while Tenet Healthcare and Claire's Stores are showing a spike in news. Wal-Mart, General Electric, and Marriott International have the highest srtIndex scores to top the list of companies with positive news while Motorola and Medicines Co lead the list of companies with negative news reports. Nordstrom has popped up with a high positive news sraIndex score.

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TODAY'S ECONOMIC CALENDAR 8:30 AM Oct 1 Initial Jobless Claims 10:00 AM Sep 25 DJ-BTM Business Barometer 1030 AM Sep 30 U.S. Energy Dept Natural Gas Stocks Sept Chain Store Sales

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

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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.