CECO CECO Environmental Corporation

MORNING UPDATE: Man Securities Issues Alerts for TLAB, SLAB, TSM, CECO, and NEM CHICAGO, Oct. 27 /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 TLAB, SLAB, TSM, CECO, and NEM, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "By its nature, the campaign season is forcing the nation to focus on its problems." -- Tony Crescenzi, analyst, Miller Tabak & Co. New PriceWatch Alerts for TLAB, SLAB, TSM, CECO, and NEM... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Tellabs Inc. (NASDAQ:TLAB) Last Price 8.36 - JAN 7.50 CALL OPTION@ $1.20 -> 4.7 % Return assigned* -- Silicon Labs (NASDAQ:SLAB) Last Price 27.88 - JAN 22.50 CALL OPTION@ $6.30 -> 4.3 % Return assigned* -- Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) Last Price 7.07 - JAN 6.62 CALL OPTION@ $0.75 -> 4.7 % Return assigned* -- Career Education Corp. (NASDAQ:CECO) Last Price 27.94 - NOV 25.00 CALL OPTION@ $4.20 -> 5.3 % Return assigned* -- Newmont Mining Corp. (NYSE:NEM) Last Price 47.79 - JAN 47.50 CALL OPTION@ $3.10 -> 6.3 % 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, "Is Your Investment Portfolio Disaster Proof? - Insights, Stocks, And Strategies." go to: http://www.investorsobserver.com/FREEDP NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. MARKET OVERVIEW If early trade is any indication, overseas markets look to assemble their second session of positive postings. Buoyed by a relief rally by U.S. insurers yesterday, 13 of the 15 markets that we track are currently holding positive numbers. The cumulative average return on the group stands at a plus 0.350 percent. Second quarter labor costs in the Euro-Zone were revised lower to 2.1 percent over the corresponding period of 2003 from the initial estimate of plus 2.2 percent. This would mark a significant slowdown in cost from the 2.7 percent year-over-year rise booked in the first quarter. Italian business confidence rose only slightly in October as a drop in inventories and positive production forecasts were offset by a fall in the current orders portfolio. Business confidence in the Euro-Zone's third-largest economy rose to 91 from 90.7 in September. The Mortgage Bankers Association (MBA) is already out with its weekly figures showing that the Refinancing Index for the week ending October 23 rose by 3.6 percent on top of the prior week's 10.6 percent advance. The Purchase Index declined by 4.4 percent, however, pulling the Market Index into negative territory at minus 0.8 percent. At 2:00 p.m., Federal Reserve Beige Book for use at the November 10 Federal Open Market Committee (FOMC) monetary policy meeting is scheduled for release. The data is a synopsis of the state of the economy prepared by one of the 12 Federal Reserve banks and can help the investing public in their second-guessing as to what the Fed will do and say when it does indeed meet again on November 10. By my calculations, the overnight futures contract is currently indicating a 60 percent chance of another 25-basis point hike to 2.00 percent. Let's use that as a starting point in our countdown and see how the Beige Book alters that perception. 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 Amid high oil prices, terrorism and elections, it's been a fine year for the travel industry. According to the Travel Industry Association of America, this year is expected to be the best for travel since the September 11 attacks crippled the industry three years ago. The group projects a 7% sales spike to $592.6 billion. It will also be the first time since 2000 that every sub- sector of the industry reports a gain for the year. Even the turbulent airline sector is expected to post a 5% rise in domestic passenger volume. International passenger volume to/from the US is up 15% over last year. Hotel revenue per available room climbed 7.5% from January-September this year. This bodes well for companies like Cendant Corp. Cendant recently acquired online travel operator Orbitz for $1.25 billion -- a deal that vaulted the company from fifth to second in terms of biggest US travel operators. Only Expedia is higher than Cendant. And with a whole host of travel-related companies under its wing, including Avis, Budget, Ramada, and Days Inn, the future looks bright for Cendant. Last week, it reported a 5% increase in quarterly revenues, with net income jumping 19%. And fourth quarter earnings are set to climb a further 14%, thanks partly to the Orbitz acquisition. Its PEG ratio sits at 0.8, meaning the stock is still actually undervalued, relative to its price-to-earnings growth. And over the last 12 months, Cendant has generated a remarkable $9.6 billion in free cashflow. The chances for continued solid growth look excellent. 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 7:00 a.m.: Mortgage Bankers Association (MBA) Refinancing Index for the week ending October 23 (last plus 10.6 percent). 8:30 a.m.: September Durable Goods Orders (last minus 0.5 percent). 10:00 a.m.: September New Home Sales (last plus 9.4 percent). 2:00 p.m.: Federal Reserve Beige Book for use in November 10 FOMC meeting. Man Securities is one of the world's leading option order execution firms. Man's in-house broker team offers a level of personal service and experience unavailable from no-frills discount brokers. To improve your understanding of option pricing get Man's FREE Margin/Option Wizard software at: http://www.investorsobserver.com/mancd . Member CBOE/NASD/SPIC. 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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