MORNING UPDATE: Man Securities Inc. Issues Alerts for AAPL, HCA,
KG, HON, and GMST
CHICAGO, Jan. 13 /PRNewswire/ --
Man Securities issues the following Morning
Update at 8:30 AM EST with new PriceWatch Alerts for key stocks.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO )
Before the open... PriceWatch Alerts for AAPL, HCA, KG, HON, and GMST, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"It's our objective to grow at 15 percent or better."
-- Peter Oppenheimer, chief financial officer, Apple Computer Inc.
New PriceWatch Alerts for AAPL, HCA, KG, HON, and GMST...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Apple Computer Inc. (NASDAQ:AAPL)
Last Price 65.46 - FEB 65.00 CALL OPTION@ $4.60 -> 6.8 % Return
assigned*
-- HCA Inc. (NYSE:HCA)
Last Price 43.70 - MAY 45.00 CALL OPTION@ $1.40 -> 6.4 % Return
assigned*
-- King Pharmaceuticals Inc. (NYSE:KG)
Last Price 11.17 - APR 10.00 CALL OPTION@ $1.80 -> 6.7 % Return
assigned*
-- Honeywell Inc. (NYSE:HON)
Last Price 34.98 - JUN 35.00 CALL OPTION@ $2.00 -> 6.1 % Return
assigned*
-- Gemstar-TV Guide International Inc. (NASDAQ:GMST)
Last Price 5.30 - MAY 5.00 CALL OPTION@ $0.80 -> 11.1 % 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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[ENTER] key)
** For the FREE report, "Is Your Investment Portfolio Disaster Proof? -
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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, Apple Computer Inc., The Sports Authority, and Radioshack Corp.
lead the list of companies with the most news stories while Xenova Group PLC
and Corixa Corp. are showing a spike in news. Apple Computer Inc., Taser
International Inc., and Koninklijke Ahold NV have the highest srtIndex scores
to top the list of companies with positive news while The Sports Authority and
Tanox Inc. lead the list of companies with negative news reports. Radioshack
Corp. has popped up with a high positive news sraIndex score.
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Checklist For Finding Winning Stocks." go to:
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MARKET OVERVIEW
The U.S. Dollar Index fell 0.88 points during U.S. trading yesterday. The
Commerce Department reported that the U.S. trade deficit widened to a new
record in the month of November, eclipsing $60 billion. A consensus of
economists' estimates was for a November gap of $53.3 billion. Wider trade
gaps drag on the dollar because the difference between U.S. imports and exports
must be financed by foreign investment. In effect, that means we are raising
the supply of government assets that must be purchased by foreign investors. A
rise in supply equates to a drop in prices, and lowers the relative valuation
of the greenback. The ever-widening trade deficits are also causing foreign
investors to become less willing to hold the U.S. assets that must finance the
deficit, and the lower demand exacerbates the effect of the falling dollar.
The February contract on sweet crude oil rose 69 cents yesterday on the New
York Mercantile Exchange. This was caused by a reported decline in U.S. crude
supplies. Adding to the tighter supply is talk that OPEC could soon be cutting
its output quota, which would also put upward pressure on prices.
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DYNAMIC MARKET OPPORTUNITIES
Undoubtedly, the US trade numbers shocked observers, with the deficit swelling
almost 8% to a record US$60.3 billion in November after the US$56 billion gap
in October. Projections had called for a drop to US$54 billion. In November,
exports experienced the first decline since June -- down US$2.2 billion from
October -- while imports rose US$2 billion as the US bought a record amount of
oil (US$13.4 billion worth). With that, the gap for the first eleven months of
2004 exceeded the full-year deficit of 2003. The one piece of brighter news was
that the trade gap with China decreased from a record US$16.8 billion to
US$16.6 billion. Nevertheless, a new Economic Policy Institute report shows
that as US-Chinese trade relations have soared, the US lost 1.6 million jobs to
China between 1989 and 2003. Unsurprising, given China's ability to
mass-produce goods more cheaply than the US, and that a Chinese manufacturing
worker is paid about one-twentieth the salary of an American doing an
equivalent job. Just 199,000 new US jobs were created as a result of increased
exports to China -- a poor return over a 14-year period. The report blames the
trade gap and loss of US jobs on China's "refusal to revalue its exchange rate"
-- a situation that makes Chinese goods cheaper. President Hu Jintao says the
country won't revalue the yuan until the economy is strong enough to absorb the
impact. But China just posted its sixth straight monthly trade surplus in
December -- and the largest one since 1995. It came as exports jumped 32.7%
over December 2003 and as monthly exports reached a record US$63.8 billion.
That resulted in the total 2004 surplus rolling in at US$31.9 billion, up from
US$25 billion in 2003. GDP grew around 9.2%.
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TODAY'S ECONOMIC CALENDAR
8:30 a.m.: December Import Prices (last plus 0.2%)
8:30 a.m.: December Retail & Food Sales (last plus 0.1%)
8:30 a.m.: December Retail & Food Sales, Ex-Autos (last plus 0.5%)
8:30 a.m.: Initial Jobless Claims (last plus 43K)
10:00 a.m.: DJ-BTM Business Barometer for last week (plus 1.7%)
1:00 p.m.: ECB Chief Economist Issing speaks on monetary policy and
financial markets at futures conference in Vallendar, Germany
4:30 p.m.: Money Supply
7:00 p.m.: St Louis Fed Pres Poole addresses the risks of GSEs in
Clayton, Mo.
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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 Sharon at 800-837-6212 or at
http://www.cboe.com/Resources/Intro.asp. Privacy policy available upon request.
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DATASOURCE: Man Securities
CONTACT: John Gannon of Man Securities Inc., +1-800-837-6212
Web site: http://www.mansecurities.com/mu.html