MORNING UPDATE: Man Securities Issues Alerts for INTC, GNTA,
IACI, GNSS, and ODSY
CHICAGO, May 3 /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 INTC, GNTA, IACI, GNSS, and ODSY,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY "Provided that the jobs data continue to show solid payroll-employment growth,
and indicators of demand remain strong, it is quite possible that the initial
tightening move could occur as early as midyear." -- Joshua Shapiro, chief U.S. economist, MFR Inc.
New PriceWatch Alerts for INTC, GNTA, IACI, GNSS, and ODSY...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Intel Corp. (NASDAQ:INTC)
Last Price 25.73 - JUL 25.00 CALL OPTION@ $1.95 -> 5.1 % Return
assigned*
-- Genta Inc. (NASDAQ:GNTA)
Last Price 8.60 - MAY 5.00 CALL OPTION@ $3.80 -> 4.2 % Return assigned*
-- InterActive Corp. (NASDAQ:IACI)
Last Price 32.25 - JUN 32.50 CALL OPTION@ $1.65 -> 6.2 % Return
assigned*
-- Genesis Microchip Inc. (NASDAQ:GNSS)
Last Price 15.03 - MAY 15.00 CALL OPTION@ $0.85 -> 5.8 % Return
assigned*
-- Odyssey Healthcare, Inc. (NASDAQ:ODSY)
Last Price 16.71 - JUN 15.00 CALL OPTION@ $2.50 -> 5.6 % 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 seem hesitant to stray too far from their break-even numbers
as just six of the 13 actively trading bourses are currently positive. The
cumulative average return on the 13 stands at minus 0.103 percent. The Nikkei
will be closed through Wednesday in observance of the Golden Week holiday and
the FTSE 100 is closed today in observance of the May-Day Holiday. Manufacturing in the Euro-Zone continues to show improvement. Rising for an
eighth consecutive month, the Purchasing Managers' manufacturing Index (PMI)
hit 54.0 in April versus the 53.3 posted in March. Analysts following the
report had predicted a reading of 53.7. Considering the relative strength of
the euro over this eight month time frame, the report is quite encouraging.
Today's economic data does not start to flow until the 10:00 a.m. hour. March
Construction Spending is expected to have risen by 0.6 percent, improving on
February's surprise 0.1 percent decline. The manufacturing sector is expected
to continue recent strength as the April Institute for Supply Management (ISM)
Manufacturing Index is seen at 62.5, matching March's robust 62.5. If Chicago
Purchasing Management April Index (CPMI) which was released this past Friday is
any indication, these estimates may be a bit conservative. Recall that the
CPMI jumped to 63.9 versus March's 57.6. Two key components to come out of
this report are the employment figures and the prices paid index. After all,
the Fed meets tomorrow and the market is quite apprehensive on employment as
well as any tendency toward the inflation.
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 After months of speculation, Google filed its IPO last week -- a massive $2.7
billion launch that makes it the biggest dotcom offering in history. Unusually,
Google will sell its shares through an auction, with its share price set by the
public bidding process. Several key questions remain however, including how
many shares Google will offer, plus the issue of what exchange Google will
trade on -- the NYSE or NASDAQ. But thanks to the SEC, at least investors know
the company's financials. Executives were delighted to report an impressive
$106.5 million profit to $962 million in 2003 after a remarkable 177% surge in
sales from a year earlier. Google's IPO is so big and so important that it
could be a major catalyst that drives the market to new highs. Elsewhere, the
Profit Hog team remains bullish on Taser International, despite its recent
slump in value after assertions that its Taser stun guns have contributed to 40
deaths. But the company has fought back, criticizing the "premature, unfounded
speculation" and citing autopsy results that prove the direct cause of death
arose for other reasons. Taser CEO Rick Smith continues: "The sensationalism
of these media reports is extremely disconcerting given the proven safety of
these products in tens of thousands of uses." The Profit Hog investors aren't
worried about the impact on the stock and continue to hold after Taser's 2:1
split last Friday.
The nanotechnology revolution continues to spread across the globe. The Profit
Hog's Christian DeHaemer has written a comprehensive FREE report. Read it
immediately by following this link: http://www.investorsobserver.com/agora6 TODAY'S ECONOMIC CALENDAR
10:00 a.m.: March Construction Spending (seen at plus 0.6 percent, last
minus 0.1 percent). 10:00 a.m.: April Institute for Supply Management (ISM) Manufacturing
Index (seen at 62.5, last 62.5). 11:30 a.m.: Treasury Secretary Snow speaks to Council of the Americas in
Washington. 3:00 p.m.: Treasury's Borrowing Needs for the second quarter.
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
network of experts and undiscovered stock alerts. Register NOW for the FREE
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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