ETN Eaton Corp New

MORNING UPDATE: Man Securities Issues Alerts for AMD, HDI, X, JBHT, and ETN CHICAGO, April 15 /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, HDI, X, JBHT, and ETN, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The weak dollar is helping make U.S. firms more competitive and they are starting to take advantage of that fact." -- Joel Naroff, president, Naroff Economic Advisors New PriceWatch Alerts for AMD, HDI, X, JBHT, and ETN... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Advanced Micro Devices Inc. (NYSE:AMD) Last Price 17.12 - MAY 17.00 CALL OPTION@ $1.10 -> 6.1 % Return assigned* -- Harley-Davidson Inc. (NYSE:HDI) Last Price 59.50 - MAY 60.00 CALL OPTION@ $1.85 -> 4.1 % Return assigned* -- U.S. Steel Corp. (NYSE:X) Last Price 36.29 - MAY 35.00 CALL OPTION@ $2.85 -> 4.7 % Return assigned* -- JB Hunt Transport Services Inc. (NASDAQ:JBHT) Last Price 30.26 - AUG 30.00 CALL OPTION@ $2.40 -> 7.7 % Return assigned* -- Eaton Corp. (NYSE:ETN) Last Price 58.54 - JUL 57.50 CALL OPTION@ $3.40 -> 4.3 % 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 need to pay more attention to U.S. futures trade as just five of the 15 markets that we track are currently positive. The cumulative average return on the group stands at a minus 0.347 percent, weighed down by the 2.46 percent decline in the Nikkei overnight. Unconfirmed reports that claim that two more Japanese hostages were taken in Iraq is dampening sentiment on the Japanese exchanges. Volumes were said to have been quite heavy with big banks suffering the brunt of the punishment. Bright and early at 8:15 a.m. this morning, Fed Chairman Greenspan speaks via satellite to the Atlanta Fed conference in Sea Island, Georgia. Not sure of the content or if there will be a question and answer session, but with recent economic data pointing to a potential interest rate hike, his comments could be quite telling. At 8:30 a.m., Initial Jobless Claims for the week ending April 10 are expected to have risen by 7,000, offsetting fully one-half of the prior week's surprise 14,000 decline to a seasonally adjusted 328,000. Also during that prior week, the four-week average dropped by 3,250 to 366,750, setting its lowest level since the week ending November 25, 2000. Sharing the 8:30 a.m. spotlight, the April Empire State Manufacturing Index is expected to continue its winning ways growing to 26.8 from the already robust 25.33 reported in March. The fixed income group could see a little volatility in response to the 9:30 a.m. appearance by Chicago Fed Pres Moskow in Chicago. Once again, any hint of a hawkish stance on interest rates could roil the group. At high noon, the Philadelphia Fed Index will be released. This index too is expected to rise from an already high level. Analysts expect the February reading to rise to 25.5 from January's 24.2 posting. For reference purposes, any reading greater than zero indicates expansion in the index or any of it components. 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 Another tepid day for the U.S. markets yesterday after March consumer prices rose by a larger than expected 0.5%. Gasoline prices recorded the biggest rise (1.9%). Transportation prices also climbed 1.1%. That sent fears of rising interest rates reverberating around Wall Street, with investors in a selling mood. Despite posting a 20% first quarter sales rise, Intel's numbers also fell short of expectations. McDonald's posted a strong 10% rise in same-store sales growth, but that too was less than expected. However, Midway Games' shares shot up 14.5% to $8.30 on news that Viacom Chairman Sumner Redstone, already a voracious buyer, disclosed that he may soon boost his holdings, or even buy the company outright. Redstone is already Midway's largest shareholder with 48% ownership. This comes despite Midway's failure to post a quarterly net/operating profit in four years, a streak that it expects to end during the current quarter, thanks to strong sales of new games "The Suffering" and "NBA Ballers." The company recently raised its first quarter sales projections on the news. Redstone's decision also came just hours after Midway announced it would sell close to 11.3 million shares, which could dilute shares by up to 20%. Members of Ian Cooper's Profit Hog Insider investment group have already taken significant profits on Midway's rise. 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 April 10 (last minus 14,000) 8:30 a.m.: April Empire State Manufacturing Index (last 25.33) 9:30 a.m.: Chicago Fed Pres Moskow speaks in Chicago 12:00 p.m.: Philadelphia Fed Index (last 24.2) 1:00 p.m.: NAHB Housing Index (last 64) 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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