MORNING UPDATE: Man Securities Issues Alerts for AMD, BEV, GPS, KG, and UNM
06 Maggio 2004 - 4:22PM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for AMD, BEV, GPS, KG,
and UNM CHICAGO, May 6 /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 AMD, BEV, GPS, KG, and UNM,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "Once again, interest rates are overhanging
the market. When you couple fantastic corporate earnings, offset
with geopolitical concerns and the interest rates, you are
basically stuck in a range." -- David Hagerty, head of equity
trading, Commerzbank Securities New PriceWatch Alerts for AMD, BEV,
GPS, KG, and UNM... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL
OPTIONS -- Advanced Micro Devices Inc. (NYSE:AMD) Last Price 14.35
- JUN 14.00 CALL OPTION@ $1.05 -> 5.3 % Return assigned* --
Beverly Enterprises Inc. (NYSE:BEV) Last Price 7.67 - JUN 7.50 CALL
OPTION@ $0.60 -> 6.1 % Return assigned* -- Gap Inc. (NYSE:GPS)
Last Price 22.65 - SEP 22.50 CALL OPTION@ $1.80 -> 7.9 % Return
assigned* -- King Pharmaceuticals Inc. (NYSE:KG) Last Price 16.94 -
JUN 15.00 CALL OPTION@ $2.75 -> 5.7 % Return assigned* --
UnumProvident Corp. (NYSE:UNM) Last Price 15.93 - SEP 15.00 CALL
OPTION@ $1.85 -> 6.5 % 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
primarily beneath water as just two of the 15 markets that we track
are currently posting positive numbers. The cumulative average
return on the group stands at a minus 0.536 percent. Traders came
back from holiday in Japan to trounce upon the Nikkei to the tune
of 1.62 percent. The index is now lower by five-percent from the
recent peak of 12195.70 just set on April 26. The service sector in
the United Kingdom continued to grow in April. The Purchasing
Managers service Index (PMI) rose to 59.0 in April, besting both
March's 58.7 as well as analysts' expectations for a 58.9. The Bank
of England (BOE) raised its key Repo Rate by 25-basis-points (0.25
percent) this morning to 4.25 percent. The move was largely
expected in light of explosive moves higher in real estate and
personal credit. The European Central Bank (EBC) on the other hand
continued to sit pat on interest rates. Choosing to take a
"wait-and-see" attitude, the central banks left all key interest
rates unchanged. The lack of a move keeps the key minimum bid rate
at a historically low two-percent. Before the start of regular
trade today, Initial Jobless Claims for the week ending May 1 are
expected to decline by 3,000 following on the heels of the prior
week's 18,000 decline. Sharing the same time slot are the companion
reports First Quarter Preliminary Productivity which is expected to
have slipped a bit to plus 3.5 percent versus the initial estimate
for a 4.4 percent increase. First quarter Unit Labor Costs are
expected to have declined by 0.4 percent, mitigating the initial
estimate for a 1.2 percent jump. Starting at 9:00 a.m. we have a
string of six federal finance officials offering their take on
varying aspects of the world of economics. The appearances are
highlighted by the 9:30 a.m. appearance of Federal Reserve Chairman
Greenspan as he speaks on globalization and innovation via
satellite to the Chicago Fed conference on bank structure and
competition. At 2:00 p.m., the FOMC Minutes of March 16 meeting
will be made public. This report can offer up a little insight into
the thinking of the central bankers. 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 The US stock market seemed a little punch-drunk
yesterday, not sure which way to turn after the Federal Reserve
kept interest rates unchanged. Again, Alan Greenspan was vague
regarding the timing of a rate hike, leaving investors back where
they started: Interest rates will rise ... but when? NASDAQ volume
was light, but the put/call ratio was back in bullish territory.
According to market analyst Brit Ryle at Money-Flow Matrix Trader,
the index is halfway between support at 1940 and resistance at
1980, meaning "moderately bullish" could easily change to
"moderately bearish" quickly. "The sector- wide upgrade of
semiconductor stocks is an example. Semis are undoubtedly the most
oversold sector of the NASDAQ, and the rash of upgrades has done
nothing for them." Elsewhere, CPI Aerostructures said the US Air
Force has awarded the company the largest contract in its history
-- a 7-year, $215 million deal to manufacture C-5 TOP (Wing Tips,
Others and Panels), with $5.2 payable immediately. The company also
released first quarter earnings, with revenues up 4% and a 31%
gross margin. With the government awarding defense contracts at a
brisk pace, Value Edge's William Colburn, who recommended the stock
to investors back on November 19, 2003, expects a solid second
quarter. He's up 12% on the position so far. The editorial team has
prepared a special FREE REPORT for you -- "America's 1,300
Fastest-Growing Companies." You can access it immediately by
following this link: http://www.investorsobserver.com/agora1
TODAY'S ECONOMIC CALENDAR 7:30 a.m.: Treasury Deputy Secretary
Bodman speaks on health savings accounts at New Hampshire Business
Council breakfast in Concord, New Hampshire. 8:30 a.m.: Initial
Jobless Claims for the week ending May 1 (last minus 18,000). 8:30
a.m.: First quarter Preliminary Productivity (seen at plus 3.5
percent, last plus 4.4 percent). 8:30 a.m.: First quarter Unit
Labor Costs (seen at minus 0.4 percent, last minus 1.2 percent).
9:00 a.m.: Fed Reserve Governor Bies speaks on risk management at
Financial Services Institute conference in Washington, D.C. 9:15
a.m.: Chicago Fed Pres Moskow speaks at Chicago Federal Reserve
conference on bank structure and competition. 9:30 a.m.: Federal
Reserve Chairman Greenspan speaks on globalization, innovation via
satellite to the Chicago Fed conference on bank structure and
competition. 10:00 a.m.: DJ-BTM Business Barometer for the week
ending April 24 (last plus 0.2 percent). 10:00 a.m.: Treasury
Assistant Secretary Abernathy presents honorary certificate to 1st
Educational Savings Branch for teaching financial education to high
school students in Wakefield, Maryland. 10:50 a.m.: Richmond
Federal Reserve President Broaddus, Federal Reserve Board Governor
Olson speak on community banks at the Chicago Fed conference on
bank structure and competition. 12:30 p.m.: Treasury Assistant
Secretary Warshawsky speaks at National Economist Club Luncheon in
Washington, D.C. 2:00 p.m.: FOMC Minutes of March 16 meeting. 3:00
p.m.: April Treasury Strips. 4:30 p.m.: Money Supply. 4:55 p.m.:
St. Louis Fed Pres Poole speaks at Chicago Fed conference TBA:
April Chain Store Sales. 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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