ATYT Ati Technologies

MORNING UPDATE: Man Securities Issues Alerts for JNPR, HD, OVTI, BBBY, and ATYT CHICAGO, June 24 /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 JNPR, HD, OVTI, BBBY, and ATYT, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "A range-bound market makes sense, given all the uncertainty." -- Jack Caffrey, equity strategist, J.P. Morgan Private Bank New PriceWatch Alerts for JNPR, HD, OVTI, BBBY, and ATYT... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Juniper Networks Inc. (NASDAQ:JNPR) Last Price 23.35 - AUG 22.50 CALL OPTION@ $2.10 -> 5.9 % Return assigned* -- Home Depot Inc. (NYSE:HD) Last Price 35.44 - NOV 35.00 CALL OPTION@ $2.35 -> 5.8 % Return assigned* -- OmniVision Technologies Inc. (NASDAQ:OVTI) Last Price 16.06 - JUL 15.00 CALL OPTION@ $2.10 -> 7.4 % Return assigned* -- Bed Bath & Beyond Inc. (NASDAQ:BBBY) Last Price 37.63 - AUG 37.50 CALL OPTION@ $1.80 -> 4.7 % Return assigned* -- ATI Technologies Inc. (NASDAQ:ATYT) Last Price 16.79 - NOV 15.00 CALL OPTION@ $2.75 -> 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 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 Once again overseas markets are trading strongly in early session. Currently 14 of the 15 markets that we track are positive. The cumulative average return on the group stands at a positive 0.861 percent bolstered by the explosive 314-point advance in the Hang Seng overnight. The Frankfurt DAX has once again crossed above the significant 4,000 level. The index has been vacillating around this level since the first of this calendar year, unable to completely break free of its grasp. We finally have some economic data today! At 8:30 a.m., we are expected to learn that Initial Jobless Claims for the week ending June 19 rose by 4,000 versus the prior week's 15,000 decline. Recall that the unemployment offices were closed for the observance of President Ronald Reagan's funeral, possibly enhancing that 15,000 decline and adding to this current week's numbers. Sharing the same time slot, May Durable Goods are expected to have advanced 1.2 percent, improving over the prior month's 3.2 percent decline. This figure tends to be somewhat volatile and subject to revision. At 10:00 a.m., May New Home Sales are expected to have risen by 3.0 percent, reversing some of the prior month's larger than expected 11.8 percent decline to a seasonally adjusted 1.093 million units. That fall-off represented the largest plunge in some 10 years. 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 With just days to go before critical period that will probably see the US Federal Reserve raise interest rates at least 0.25%, swiftly followed by the handover of power to Iraq, we're not likely to see much from the bulls over the next few days. But a contrarian forecast is provided by Brit Ryle, chief market analyst at the Taipan Group's Money-Flow Matrix Trader investment service: stocks will rally into the Fed's monetary policy meeting on Tuesday. With the media awash with "interest rate fears," the markets trading in a very flat range, it seems a 0.25% hike is already priced in. Nevertheless, the potential for a brief rally is possible. Elsewhere, FedEx's latest earnings report provided very bullish evidence in favor of the economic recovery. Citing stronger demand for delivery services, the company's fourth quarter net income soared 47% to US$412 million ($1.36 per share) from the $280 million (92 cents per share) posted a year earlier. Revenue climbed 21% to $7.04 billion from $5.83 billion. For the full year, net income finished at $838 million ($2.76 per share) from $830 million ($2.74 per share). Revenue rose almost 10% to $24.71 billion from $22.49 billion. For guidance, FedEx expects to see broad sector improvement, as well as $4.20 to $4.40 EPS for the full year. 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 June 19 (last minus 15,000). 8:30 a.m.: May Durable Goods (last minus 3.2 percent). 9:00 a.m.: Fed Gov Gramlich attends Concord Coalition's Budget and Fiscal Policy Conference on Reducing Budget Deficits in Washington. 10:00 a.m.: May New Home Sales (last minus 11.8 percent). 10:00 a.m.: May Conference Board Help Wanted Index (last 38). 10:00 a.m.: Treasury Under-Secretary Roseboro holds joint press conference on the Secure Financial Transaction Infrastructure Service in New York. 10:00 a.m.: DJ-BTM Business Barometer for the week ending June 19 (last minus 1.1 percent). 1:00 p.m.: Treasury Assistant Secretary Abernathy attends MasterCard Global Risk Management Symposium in San Diego, California. 4:30 p.m.: Money Supply for the week ending June 19. 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. Web site: http://www.mansecurities.com/mu.html 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

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