MORNING UPDATE: Man Securities Issues Alerts for NXTL, ACS, IMCL,
NXTP, and QLTI
CHICAGO, April 2 /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 NXTL, ACS, IMCL, NXTP, and QLTI, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY "The jobs report is going tobe very big. We know how the market will react to
a negative number, but it'll be interesting to see how it reacts to a positive
number." -- Michael Palazzi, managing director, SG Cowen Securities New PriceWatch Alerts for NXTL, ACS, IMCL, NXTP,and QLTI...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Nextel Communications, Inc. (NASDAQ:NXTL)
Last Price 24.22 - AUG 22.50 CALL OPTION@ $3.10 -> 6.5 % Return
assigned*
-- Affiliated Computer Services Inc. (NYSE:ACS)
Last Price 52.90 - JUL 50.00 CALL OPTION@ $5.50 -> 5.5 % Return
assigned*
-- ImClone Systems Inc. (NASDAQ:IMCL)
Last Price 53.00 - MAY 50.00 CALL OPTION@ $4.90 -> 4 % Return assigned*
-- Nextel Partners, Inc. (NASDAQ:NXTP)
Last Price 13.30 - MAY 12.50 CALL OPTION@ $1.30 -> 4.2 % Return
assigned*
-- QLT Inc. (NASDAQ:QLTI)
Last Price 27.72 - JUN 25.00 CALL OPTION@ $3.90 -> 5 % Return assigned* * To learn more about how to use these alerts and for our FREE report, "The18
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 putting on a positive face, but appear hesitant to go too
far out on the "long" limb. Currently 12 of the 15 markets that we track are
positive. The cumulative average return on the group stands at a positive 0.381
percent. A dis-inflationary trend remains intact in the Euro-Zone as hinted by
the February Producer Price Index for the region. The February index rose by
just 0.1 percent on expectations for a 0.2 percent rise. On a year over year
basis, the index was flat. The strength in the euro was mentioned as a
contributing factor to the decline in producer prices and would seem to put some
pressure on the European Central Bank (ECB) to reduce interest rates. Recall
that as of yesterday the governing body decided to hold its key short-term rate
at 2.0 percent.
It will be all about the sore subject of employment today, with a totally empty
earnings calendar. Before the open of the regular trading session, March
Non-Farm Payrolls will be released with expectations for the creation of 120,000
jobs. February offered up a disappointing increase of just 21,000 jobs. The
companion report, March Unemployment Rate, is seen holding at 5.6 percent. Now
to get you up to speed, we revisit yesterday's release of the weekly initial
claims numbers.The number of U.S. workers filing first-time applications for
unemployment benefits declined slightly in the week ending March 27 by 3,000 to
a seasonally adjusted 342,000. The four-week average was unchanged at 340,250.
Continuing claims climbed by32,000 to 3,062,000. According to research by
Deutsche Bank, the volume of initial claims recently has been a poor indicator
of growth in non-farm payrolls. From 1981 through 2000, weekly initial claims
of 350,000 signaled a monthly increase of 250,000 in non-farm payrolls. The
four-week average of claims has held between 340,000 and 360,000 this year and
job growth has remained disappointing at best. At this time I am not sure what
non-farms number will appease the market, but we certainly have alot of
catching up to do. Deutsche Bank gave us some historical perspective, so what
do you think the expected 120,000 will do? If you are keeping a tally for the
next report, add Gateway as reducing some 2,500 positions and Sun Microsystems
as planning to eliminate about 3,000 jobs. Certainly these are just two
companies, but this is not the direction you would expect during an "economic
recovery." Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. Formore details and to sign up, go to:
http://www.investorsobserver.com/freemo DYNAMIC MARKET OPPORTUNITIES A busy week for the Wall Street fledglings this week, with seven IPO's making
their debut. Several more are set to start trading publicly early this month.
The Profit Hog team has identified one of the potential big winners in Cutera --
a California-based medical device maker, debuting on the NASDAQ. Cosmetic
surgery is a lucrative business. Last year, almost 8.3 million people went
under thesurgeon's knife for everything from breast implants, liposuction and
face-lifts. While the industry is one often associated with Hollywood's rich
and famous, ever-increasing numbers of ordinary people are piling into cosmetic
clinics across America inhopes of coming out a changed person. And when you
think of how much publicity the industry gets on television entertainment shows
and reality shows, it's hardly surprising. In an age where good looks seem to
be everything, it's a pretty safe bet that this will continue to be a
flourishing industry. That's why Cutera has so much upside potential. Its
cosmetic laser surgery devices helped the company rake in $1.7 million in net
income and $26.6 million in revenue in the first three quarters of 2003. Cutera
was recently priced at $14 -- the low end of its $14-$16 range. Other IPO's to
watch include NewAlliance Bancshares, JED Oil, Marchex, and Immunicon.
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
8:30 a.m.: March Non-Farm Payrolls (seen at plus 120,000, last plus
21,000). 8:30 a.m.: March Unemployment Rate (seen at 5.6 percent, last 5.6
percent). 9:40 a.m.: March ECRI Inflation Gauge (last 116.0). 12:30 p.m.: Treasury Assistant Secretary Abernathy addresses home equity
mortgage conference on mortgage standards in Boca Raton,
Florida.
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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