MORNING UPDATE: Man Securities Issues Alerts for YHOO, TIBX, AV, CELG, and MLHR CHICAGO, March 18 /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 YHOO, TIBX, AV, CELG, and MLHR, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"The market did its adjustment, and it's encouraged a bunch of buyers."
-- Hugh Johnson, chief investment officer, First Albany Corp.
New PriceWatch Alerts for YHOO, TIBX, AV, CELG, and MLHR...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Yahoo! Inc. (NASDAQ:YHOO)
Last Price 44.85 - JUL 40.00 CALL OPTION@ $6.80 -> 5.1 % Return
assigned*
-- TIBCO Software Inc. (NASDAQ:TIBX)
Last Price 7.77 - MAY 7.50 CALL OPTION@ $0.75 -> 6.8 % Return assigned*
-- Avaya Inc. (NYSE:AV)
Last Price 15.76 - APR 15.00 CALL OPTION@ $1.35 -> 4.1 % Return
assigned*
-- Celgene Corp. (NASDAQ:CELG)
Last Price 47.35 - JUL 40.00 CALL OPTION@ $9.40 -> 5.4 % Return
assigned*
-- Miller (Herman) Inc. (NASDAQ:MLHR)
Last Price 28.83 - MAY 30.00 CALL OPTION@ $0.75-> 6.8 % 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 aboveinto 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 have slipped back into the doldrums, as just one of the 15
markets that we track is currently positive. The cumulative average return on
the group stands at a negative 0.610 percent. Retail sales in the United
Kingdom in February were flat at no change over January sales. On a year over
year basis, sales were higher by 6.5 percent. Analysts had expected a minus 0.2
percent and a plus 5.7 percent reading respectively, due to the fact that the
Bank of England has raised interest rates twice over the past three months. The
continued rise in consumer spending may well open the door for a third interest
rate hike by the governing body. If you are a currency trader, you might
consider that move bullish for the pound over the U.S. dollar, not exactly what
a U.K. exporter would like to see develop.
Before the market open today, Initial Jobless Claims for the week ending March
13 are expected to have risen by 4,000, practically offsetting the 6,000 decline
of the prior week. Sharing the same time slot, the long awaited January
Producer Price Index (PPI) is seen higher by 0.4 percent versus the December 0.3
percent rise. This data is now obsolete and should go unnoticed by the market.
The companion report, January Producer Price Core Index, less food & energy, is
seen higher by 0.1 percent versus the December 0.1 percent decline. At 10:00
a.m., the February Leading Economic Indicators are scheduled for release.
January's rise was the largest rise since October and took the index up to
115.0. The index, which attempts to predict future U.S. economic activity, was
equal to 100 in 1996. In the January report, five of 10 indicators rose. The
largest positive contributors to the index were consumer expectations, stock
prices, and average weekly manufacturing hours. The most significant negative
contributors were building permits and interest- rate spreads. Another
precursor to the Institute for Supply Managers Index (ISM) is the 12:00 p.m. release of the March Philadelphia Fed Index. Like the Empire State report, this
report is expected to have declined to 30.0 versus the 31.4 reported in
February. At 2:00 p.m., FOMC Minutes for the January meeting will be made
public.
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 In justa few short hours, the 2004 NCAA basketball tournament will tip off.
For the 64 teams, this is where the real business begins after a long, hard
season. For diehard fans and casual observers alike, no more time to ponder the
brackets for the office pool. And for television companies, advertisers and
websites, the tournament really offers a lucrative chance to cash in on the
"Madness." Once the games begin, the action will be followed with fervent
interest at offices, colleges, schools and households across America. With that
in mind, Ian Cooper, chief trading strategist at the Extreme Volatility
Speculator investment group, likes short-term investments like CBS
Sportsline.com. Throughout the championship, the website will offer many of the
games online for those unable to watch on television. The appeal to fans will
be far-reaching during the workday. And for advertisers, it brings a prime
opportunity to reach core audiences. For speculative investors, it's also a
great chance to take advantage of a historical trend. On Wednesday for example,
CBS Sportsline stock closed up 25 cents (19.2%) at $1.55, 15% above its 50-day
Exponential Moving Average (EMA) with volume of 1.5 million shares over 7 times
higher than its average daily volume.Cooper is bullish because the stock
remains at oversold levels.
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
8:30 a.m.: Initial Jobless Claims for the week ending March 13 (minus
6,000). 10:00 a.m.: February Leading Economic Indicators (last plus 0.5 percent). 10:00 a.m.: DJ-BTM Business Barometer for the week ending March 13 (last
plus 0.1 percent). 12:00 p.m.: March Philadelphia Fed Index (last 31.4). 2:00 p.m.: FOMC Minutes for the January meeting. 4:30 p.m.: Money Supply.
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
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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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