MORNING UPDATE: Man Securities Issues Alerts for SLR, JNJ, CA,
DG, and AES
CHICAGO, April 13 /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 SLR, JNJ, CA, DG, and AES, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY "Inflation has remained quite low despite some sizable increases in energy
prices." -- Roger Ferguson, Vice Chairman, Federal Reserve New PriceWatch Alerts for SLR, JNJ, CA, DG, and AES...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Solectron Corp. (NYSE:SLR)
Last Price 5.72 - JUL 5.00 CALL OPTION@ $1.00 -> 5.9 % Return assigned*
-- Johnson & Johnson (NYSE:JNJ)
Last Price 51.20 - OCT 50.00 CALL OPTION@ $3.20 -> 4.2 % Return
assigned*
-- Computer Associates International Inc. (NYSE:CA)
Last Price 27.31 - MAY 27.50 CALL OPTION@ $1.30 -> 5.7 % Return
assigned*
-- Dollar General Corp. (NYSE:DG)
Last Price 18.44 - AUG 17.50 CALL OPTION@ $1.85 -> 5.5 % Return
assigned*
-- AES Corp. (NYSE:AES)
Last Price 8.50 - AUG 7.50 CALL OPTION@ $1.40 -> 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 are back with a full complement of trade. Currently 13 of the
15 markets that we track are holding positive. The cumulative average return on
the group stands at a positive 0.575 percent.
The two weekly reports on the retail sector will take a back seat to the monthly
March retail sales figures today. For reference, the ISCS-UBS Store Sales Index
for the week ending April 7 came in at plus 0.3 percent, while Redbook Retail
Sales for the same period rose by 0.4 percent. At 8:30 a.m., March Retail and
Food Sales are seen rising by 0.7 percent, matching February's 0.7 percent rise. Pulling auto sales out of the equation, sales are expected to have demonstrated
a 0.6 percent increase, improving on the prior month's unchanged reading. Once
again, the figure that you want to pay close attention to as more indicative of
true consumer discretionary spending is retail sales less gasoline and auto
sales. This figure came in unchanged in February. At 10:00 a.m., February
Business Inventories are expected to have grown by 0.4 percent, improving upon
January's more meager 0.1 percent rise. In January inventories expanded fora
fifth consecutive month to a seasonally adjusted $1.194 trillion. The
inventory-to-sales ratio remained at an abnormally low 1.33 for a second
straight month. The inventory-to-sales ratio is an indicator of how well firms
are matching supply with demand, measuring how long it would take (in months) to
exhaust current inventories. At 10:00 a.m., a regional manufacturing report is
due out in the form of the Richmond Fed Manufacturing Index for March. Any
reading greater than zero in the index or any of its components indicates
expansion in the index or a specific component. The reading for the February
index came in at plus 19 percent. Potentially a setup for Wednesday market,
President Bush will hold a news conference at 8:30 p.m. The earnings calendar
starts to perk up with the likes of Intel, Johnson and Johnson, Linear Tech and
Merrill Lynch.
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 Based on the 0.3% rise of the Consumer Price Index in February, Alan Greenspan
and the bankers at the Federal Reserve may feel justly confident in stating that
there is little to no inflation. But while the Fed's obscure spreadsheets paint
that picture, the reality is different. The cost of a wide variety of products
is actually increasing sharply. House prices, health insurance, college fees,
energy costs, cable television, steak, and fruit are all rising. Milk is set to
jump 50 cents per gallon too. According to the latest Lundberg Survey, the
current national average cost per gallon of gasoline also rose by another 2.5
cents over the last two weeks to $1.79. Remarkably, that's an increase of 31
cents since December 19, 2003. And today, Dupont said it's looking to save $900
million to offset the rising cost of raw materials. It will do so by slashing
3,500 jobs. The company is effectively blaming the job cuts on inflation. Whatever the Fed's spreadsheets are telling them, the reality appears to be
different for the average American.
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
7:45 a.m.: ISCS-UBS Store Sales Index for the week ending April 10 (last
plus 0.3 percent)
8:30 a.m.: March Retail and Food Sales (last plus 0.7 percent)
8:30 a.m.: March Retail and Food sales, less Autos (last unchanged)
8:55 a.m.: Redbook Retail Sales for the week ending April 10 (last plus
0.4 percent)
10:00 a.m.: Assistant Treasury Secretary Abernathy, U.S. Rep Baker, R-La.,
participate in GSE, mutual funds roundtable in Baton Rouge,
La. 10:00 a.m.: February Business Inventories (last plus 0.1 percent)
10:00 a.m.: Richmond Fed Manufacturing Index (last plus 19 percent)
3:00 p.m.: Treasury Budget Statement (last minus $1.39 billion)
5:30 p.m.: April ABC/Money Consumer Confidence for the week of April 10
(last minus 17) 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
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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
negativeoutlook 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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