MORNING UPDATE: Man Securities Issues Alerts for AMAT, JBHT,
NTAP, ERICY, and GNSS
CHICAGO, July 12 /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, JBHT, NTAP, ERICY, and GNSS,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY "Even if companies meet earnings, there are probably even greater expectations
that are built in." -- Jon Brorson, managing director growth equities, Neuberger Berman.
New PriceWatch Alerts for AMAT, JBHT, NTAP, ERICY, and GNSS...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Applied Materials Inc. (NASDAQ:AMAT)
Last Price 18.66 - OCT 17.50 CALL OPTION@ $2.00 -> 5 % Return assigned*
-- JB Hunt Transport Services Inc. (NASDAQ:JBHT)
Last Price 34.13 - NOV 30.00 CALL OPTION@ $5.50 -> 4.8 % Return
assigned*
-- Network Appliance Corp. (NASDAQ:NTAP)
Last Price 19.05 - SEP 17.50 CALL OPTION@ $2.35 -> 4.8 % Return
assigned*
-- Ericsson Telephone (NASDAQ:ERICY)
Last Price 27.88 - OCT 25.00 CALL OPTION@ $4.60 -> 7.4 % Return
assigned*
-- Genesis Microchip Inc. (NASDAQ:GNSS)
Last Price 11.09 - AUG 10.00 CALL OPTION@ $1.55 -> 4.8 % 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 broadly lower as just five of the 15 markets that we track
have been able to hold afloat above their flat-lines. The margins between
positive and negative are sufficiently slim that the five positive exchanges
have managed to hold the cumulative average return on the group at a positive
0.068 percent. With the general election in Japan now a part of history,
bargain hunters entered the market overnight and short sellers covered some of
their bets lifting the Nikkei to a 159 point advance. In fact, if you look at
a chart of the Nikkei, it appears that an "island reversal" has appeared around
the 11,475 level and could bode bullish for the near-term price action in the
index.
The economic calendar starts the week off on the light side, but is extremely
packed as we move forward. A couple of regional manufacturing reports are due
out starting with the 11:00 a.m. release of the June Kansas City Fed
Manufacturing Index. Last month the index came in at 23, any reading greater
than zero indicates expansion in the index or any of its components. The Kansas
City Federal Reserve is the "10th district" and covers Colorado, Kansas,
Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri. At noon,
the May Chicago Fed Midwest Manufacturing Index will be released. In April the
overall index of the heart of U.S. manufacturing ticked up by a meager 0.1
percent, weighted down by sluggish auto production. This week's earnings
calendar also gets off to a slow start today, but by the time the dust settles
on Friday, some 150 will have reported. Just one day before its earnings
release, Merrill Lynch lowered its opinion of Intel. Going one step further,
the brokerage firm reduced its outlook on the Global Semi-Conductor sector in
general, as many in the group are preparing to enter the earnings confessional
this week. That view may well be accounting for weakness in the technology
grouping this morning. Novellus Systems will be the first candidate to test
this view when it reports after today's close.
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 There could be a new bull market emerging in one U.S. sector. It's a sector
that currently enjoys three times more visitors than to major league ballparks. And as the economy continues to recover and many Americans find themselves
wealthier as a result, coupled with the recent tax cuts, the sector could
extend its red-hot trend further. With 310 million trips made annually to
America's 443 casinos and slot machines venues, the gaming sector is enjoying
much attention. But is the trend sustainable in the long-term, or just a
short-term fad? Research shows the trend actually dates back to late 2001,
when growing popularity of the gaming industry led sector employment to peak.
As a result, share prices of casino/gaming stocks have also risen sharply --
much faster than the market averages. Even major television networks have
picked up on the popularity now, with celebrity poker contests shown regularly
in prime-time hours. Pennsylvania passed a bill to allow slot machines in 15
different locations in hopes of generating extra revenue without taxation last
week. The monies collected will actually fund a reduction in property taxes --
a promise current Governor Ed Rendall made in his election campaign. The bill
wasn't without controversy however, passing by a slim 30-20 Senate majority.
Pending House approval, as many as 61,000 slot machines will soon appear across
Pennsylvania. Racetracks and casinos stand to experience booming growth in the
area over the next six months.
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
11:00 a.m.: June Kansas City Fed Manufacturing Index (last 23). 12:00 p.m.: May Chicago Fed Midwest Manufacturing Index (last plus 0.1
percent).
Man Financial Inc is one of the world's major futures and options brokers and
has been recognized as a leading option order execution firm for individuals
and institutions. Member CBOE/NASD/SIPC (CRD#6731). For more information and
a free CD with educational tools to help you invest smarter, see
http://www.investorsobserver.com/mancd This Morning Update was prepared with data and information provided by: InvestorsObserver.com -- Better Strategies for Making Money -> For Investors
With a Sense of Humor. Only $1 for your first month plus seven free bonuses
worth over $420, see: http://www.investorsobserver.com/must 247profits.com: You'll get exclusive financial commentary, access to a global
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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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