MORNING UPDATE: Man Securities Issues Alerts for AMAT, HD, SGP,
PSFT, and BJ
CHICAGO, Aug. 18 /PRNewswire/ -- Man Securities issues the following Morning
Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before the open... PriceWatch Alerts for AMAT, HD, SGP, PSFT, and BJ, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY "This market is really cheap right now, so it's going to be pretty attractive
for buyers." -- Todd Leone, managing director of equity trading, SG Cowen Securities New PriceWatch Alerts for AMAT, HD, SGP, PSFT, and BJ...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Applied Materials Inc. (NASDAQ:AMAT)
Last Price 16.07 - SEP 16.00 CALL OPTION@ $0.90 -> 5.5 % Return
assigned*
-- Home Depot Inc. (NYSE:HD)
Last Price 35.10 - NOV 35.00 CALL OPTION@ $1.75 -> 4.9 % Return
assigned*
-- Schering-Plough Corp. (NYSE:SGP)
Last Price 18.03 - NOV 17.50 CALL OPTION@ $1.40 -> 5.2 % Return
assigned*
-- PeopleSoft Inc. (NASDAQ:PSFT)
Last Price 16.57 - SEP 15.00 CALL OPTION@ $2.35 -> 5.5 % Return
assigned*
-- BJ's Wholesale Club, Inc. (NYSE:BJ)
Last Price 25.16 - DEC 22.50 CALL OPTION@ $3.60 -> 4.4 % 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 (Note: You may need to copy the link above into your browser then press the
[ENTER] key) ** For the FREE report, "The Secrets of Smart Election Year Investing -
Insights, Stocks, And Strategies." go to:
http://www.investorsobserver.com/FREEelection NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
MARKET OVERVIEW Overseas markets are trading on the conservative side of risk this morning, as
just two of the 15 markets that we track are currently positive. The cumulative
average return on the group stands at a minus 0.199 percent. The drag on the
group was provided by the Swiss Market Index, shedding over one percent on a
somewhat disappointing earnings report out of food and beverage behemoth Nestle
SA. The Euro Zone's annual inflation rate eased unexpectedly to 2.3 percent in
July from 2.4 percent in June, but remained above the European Central Bank's
(ECB) target for the fourth consecutive month. Prices fell 0.2 percent on the
month, primarily due to lower prices for clothing and footwear.
The sole piece of "listed" economic data is the 7:00 a.m. release of the
Mortgage Bankers Association (MBA) Refinancing Index for the week ending August
14 which rose by 20.9 percent on the heels of the prior week's 2.5 percent
advance. The MBA's purchase index also rose, adding 6.2 percent, pulling the
total Market Index higher by 11.9 percent. What you may need to get a handle
upon will be the weekly petroleum products inventory reports, released by the
Department of Energy (DOE) and the American Petroleum Institute (API). Lately
the price of crude has been driven to record levels by news events, which put
the fragile supply levels at risk. Once again these reports out of the DOE and
the API have the ability to move the price of the products. It has been a
trend of late for equities to react poorly in the face of strong advances in
crude pricing. Last and certainly not least, if you were expecting to trade
shares of internet search engine Google, you may be disappointed to learn that
that is not going to happen. In a release appearing on the company's web site
(about 3:00 a.m. today), the company slashed the initial price from the $108.00
- 135.00 range to $85.00 - $95.00 per share range. The price adjustment lowers
the potential valuation of the company from as much as $25.8 billion from the
initially hyped $36.6 billion. The SEC still has to give the green light, which
may be on a slightly longer delay than initially hoped for by officials of
Google.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. For more details and to sign up, go to:
http://www.investorsobserver.com/freemo DYNAMIC MARKET OPPORTUNITIES According to data from TASS, a division of Tremont Capital Management, US hedge
funds attracted a record $13.5 billion worth of investment money during the
second quarter. It seems many investors decided to act in order to minimize
their risk and reduce portfolio volatility by hedging their capital - not
surprising, given the volatility of today's markets. In the second quarter of
2003, hedge fund inflows totaled just $1.6 billion compared to $8.2 billion
during the first quarter of this year. However it's a different story in Hong
Kong, as the Hong Kong Investment Funds Association said second quarter mutual
fund inflows slumped 89%, compared with the first quarter - from $2 billion to
just $226.8 million. Over a three-month period, that's a remarkable plunge. Despite a broad-based recovery for Hong Kong's economy, led by the real estate
sector, tourism and retail as more Chinese citizens visit the province,
investors have a trio of concerns; first and arguably most important, China's
attempts to cool its explosive economic growth. As a major trading partner,
this is obviously having an impact on Hong Kong investments. Second, a new era
of rising interest rates in the US. And third, soaring oil costs, which are
making business and manufacturing more expensive and gradually eating into
profit margins. That contributed to a 3.1% second quarter slide for Hong Kong's
Hang Seng stock exchange. And with so much uncertainty in the market, the third
quarter is unlikely to produce much by way of a rebound.
Receive incisive economic/market commentary, profitable advice and access to a
network of leading investment exports. Simply follow this link:
http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR
7:00 a.m.: Mortgage Bankers Association (MBA) Refinancing Index for the
week ending August 14 (last plus 2.5 percent).
Man Securities is one of the world's leading option order execution firms. Man's in-house broker team offers a level of personal service and experience
unavailable from no-frills discount brokers. To improve your understanding of
option pricing get Man's FREE "Margin/Option Wizard software at:
http://www.investorsobserver.com/mancd. Member CBOE/NASD/SPIC.
This Morning Update was prepared with data and information provided by: InvestorsObserver.com - Better Strategies for Making Money -> For Investors
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247profits e-Dispatch. Go to: http://www.investorsobserver.com/agora Schaeffer's Investment Research - Sign up for your FREE e-weekly, Monday
Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now
http://www.investorsobserver.com/freemo PowerOptionsPlus - The Best Way To Find, Compare, Analyze, and Make Money On
Options Investments. For a 14-Day FREE trial and 5 FREE bonuses go to:
http://www.poweroptionsplus.com/ 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. http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO http://photoarchive.ap.org/ DATASOURCE: Man Securities CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212 Web site: http://www.mansecurities.com/mu.html
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