MORNING UPDATE: Man Securities Issues Alerts for EBAY, AA, CAT, CHKP, and KGC
May 11 2004 - 10:18AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for EBAY, AA, CAT,
CHKP, and KGC CHICAGO, May 11 /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 EBAY, AA, CAT, CHKP, and KGC,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "We've got very strong fundamentals.
Corporate earnings are going up, up and away." -- Alfred Goldman,
chief market strategist, A.G. Edwards & Sons New PriceWatch
Alerts for EBAY, AA, CAT, CHKP, and KGC... PRICEWATCH ALERTS - HIGH
RETURN COVERED CALL OPTIONS ----------- -- eBay Inc. (NASDAQ:EBAY)
Last Price 77.53 - JUL 75.00 CALL OPTION@ $6.10 -> 5 % Return
assigned* -- Alcoa Inc. (NYSE:AA) Last Price 29.46 - JUL 27.50 CALL
OPTION@ $3.10 -> 4.3 % Return assigned* -- Caterpillar Inc.
(NYSE:CAT) Last Price 72.88 - AUG 70.00 CALL OPTION@ $5.90 ->
4.5 % Return assigned* -- Check Point Software Technologies Ltd.
(NASDAQ:CHKP) Last Price 22.56 - JUN 22.50 CALL OPTION@ $1.20 ->
5.3 % Return assigned* -- Kinross Gold Corp. (NYSE:KGC) Last Price
5.14 - AUG 5.00 CALL OPTION@ $0.60 -> 10.1 % 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
refreshingly positive this morning with all 15 of our selected
group in agreement to the upside. The cumulative average return on
the collective stands at a positive 0.679 percent. Japan's index of
leading economic indicators stood at 80.0 in March, in line with
expectations and well ahead of the boom-bust demarcation level of
50. The pair of weekly reports on the health of the retail sector
pretty well represents today's economic calendar. On the previous
week the ICSC-UBS Store Sales Index rose by 1.5 percent, while the
Redbook Retail Sales for the same period jumped by a hefty 5.0
percent. The important monthly retail and sales report will be
released on Thursday. That is the report which will hold investor
attention. A key earnings report which many think will be the
salvation of the tech-sector won't be released until after today's
market close, at which time Cisco Systems offers up its third
quarter numbers. Analysts currently agree that the company will
report 18-cents per share. That report could well set the mood for
Wednesday's trade. 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 As crude oil prices drive relentlessly
past $40 a barrel, the global markets ran for their lives
yesterday. Morgan Stanley's Asia-Pacific Index slid 5.5%, as
Japan's Nikkei extended its losing streak to six days with a
554-point plunge (4.8%). Hong Kong fared little better, sinking 425
points (3.5%). South Korea's index shed 48 points (5.7%), while
Taiwan's exchange lost 215 points (3.5%), and India's BSE 30
slipped 113 points (2%). The International Energy Agency says a $10
jump in prices, if sustained over a year, could slice 0.8% from the
region's GDP. That's because several economies depend on oil
imports to drive growth. But the fast-growing Indian economy could
suffer most, since it imports 70% of its oil. Contrastingly, Asia's
oil exporting countries like Malaysia and Indonesia could benefit
from higher prices. Elsewhere, the Lundberg Survey says the average
nationwide price for U.S. gasoline rose 10 cents last week to $1.96
per gallon - the biggest weekly increase since August 2003. British
Airways also warned it may implement a fuel surcharge, as it
expects to pay an additional 100 million pounds sterling on fuel
costs this year. Even the oil-rich Saudis - OPEC's largest producer
- say $40 oil is a "major concern" and proposed the cartel raise
supplies by 1.5 million barrels per day to prevent a GDP slowdown.
They have the backing of No. 2 producer Iran, plus Kuwait and the
UAE. The move could be ratified at OPEC's June 3 meeting. Christian
DeHaemer and Ian Cooper, investment experts at Taipan's Extreme
Volatility Speculator group (EVS), are profiting from oil's surge.
After buying June Puts on Energy Select Sector on March 9, they
sold at the bottom on March 24, giving their investors as much as
150% gains. The EVS team is up an average of 14% per recommendation
in 2004 - simply by trading on company/industry speculation and
"selling the news" when it hits the mainstream media. To find out
more about the EVS group simply follow this link:
http://www.investorsobserver.com/agora8 TODAY'S ECONOMIC CALENDAR
7:45 a.m.: ICSC-UBS Store Sales Index for the week ending May 8
(last plus 1.5 percent). 8:55 a.m.: Redbook Retail Sales for the
week ending May 8 (last plus 5.0 percent). 10:00 a.m.: April
Richmond Fed Manufacturing Index (last plus 30). 2:30 p.m.:
Philadelphia Federal Reserve President Santomero speaks on economic
outlook, policy in New York. 6:30 p.m.: ABC/Money Magazine Consumer
Confidence Index for the week ending May 9 (last minus 11). 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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