MORNING UPDATE: Man Securities Issues Alerts for NOK, PMCS, FCS, LEH, and MOLX
April 16 2004 - 10:32AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for NOK, PMCS, FCS,
LEH, and MOLX CHICAGO, April 16 /PRNewswire/ -- Man Securities
issues the following Morning Update at 8:30 AM EST with new
PriceWatch Alerts for key stocks. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before
the open... PriceWatch Alerts for NOK, PMCS, FCS, LEH, and MOLX,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "The IBM team entered the first quarter with
good momentum and delivered a solid first quarter." -- Samuel J.
Palmisano, chairman and chief executive officer, IBM New PriceWatch
Alerts for NOK, PMCS, FCS, LEH, and MOLX... PRICEWATCH ALERTS -
HIGH RETURN COVERED CALL OPTIONS ----------- -- Nokia Corp. ADR
(NYSE:NOK) Last Price 16.05 - JUL 15.00 CALL OPTION@ $1.80 ->
5.3 % Return assigned* -- PMC-Sierra Inc. (NASDAQ:PMCS) Last Price
16.62 - MAY 15.00 CALL OPTION@ $2.25 -> 4.4 % Return assigned*
-- Fairchild Semiconductor (NYSE:FCS) Last Price 23.60 - MAY 22.50
CALL OPTION@ $2.05 -> 4.4 % Return assigned* -- Lehman Brothers
Holdings Inc. (NYSE:LEH) Last Price 77.49 - JUL 75.00 CALL OPTION@
$5.80 -> 4.6 % Return assigned* -- Molex Inc. (NASDAQ:MOLX) Last
Price 30.22 - AUG 30.00 CALL OPTION@ $2.40 -> 7.8 % 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 Overseas markets are
struggling a bit this morning, as nine of the 15 markets that we
track are positive, but the cumulative average return on the group
stands at a minus 0.144 percent. Inflation in the Euro-Zone picked
up a bit in March, but remained beneath the European Central Bank's
2.0 percent target for a third consecutive month. The Consumer
Price Index for March rose by 0.7 percent on the month and stood
higher by 1.7 percent on a year-over- year basis. The Nikkei failed
to pare up weekly closes above the 12,000 level this week, giving
up 2.2 percent on the week. The index remains 10.75 percent higher
in 2004. By 10 a.m. this morning, we would have heard from three
Federal Reserve Presidents and the Federal Reserve Chairman
himself. Starting at 8:00 a.m., Richmond Fed President Broaddus and
Atlanta Fed President Guynn will make appearances. At 8:15 a.m.,
Fed Chairman Greenspan speaks via satellite to the Atlanta Fed
conference in Sea Island, Georgia. It is not likely that his
comments will be very telling on the economy and direction of
interest rates, since he reappears to testify before a Joint
Economic Committee of Congress on Wednesday. At that point in time
he offers up his economic outlook. At 8:30 a.m., we expect to be
told that March Housing Starts rose by 2.4 percent, improving over
February's 4.0 percent decline. In February housing starts
surprised to the downside as analysts has expected a 1.0 percent
rise. February's seasonally adjusted 1.855 million annualized rate
marked a second consecutive monthly decline. A key metric as a
potential leading indicator as to future activity, Building Permits
declined by 1.5 percent to a 1.903 million annualized rate in
February. At 9:15 a.m., the Ike and Mike of matched reports, March
Industrial Production Index and March Capacity Utilization are seen
at plus 0.4 percent versus a prior plus 0.7 percent and 76.8
percent versus the prior 76.6 percent respectively. Before you have
time to exhale, the April Preliminary University of Michigan
Consumer Sentiment Index will be released at 9:45. Analysts expect
a pick up to 96.8 from March's final reading of 95.6. It is
possible that the recent improvement in the jobs figures will
bolster the readings. Finally at 10:00 a.m.: Boston Fed President
Minehan moderates discussion on immigrant access at Atlanta Fed
conference at Sea Island, Georgia. If you are holding April
options, make sure that you deal with them in an appropriate
fashion by today's close as they then go away forever. 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 identity theft escalating, the groundbreaking
technology combating this malicious crime is growing in importance.
But this technology is very new. In fact, Indiana just became the
first state to utilize electronic postal marking in its legal
system. Additionally, the Indiana Bureau of Motor Vehicles (BMV) is
using the United States Postal Service Electronic Postmark (EPM) in
conjunction with digital signature technology to certify drivers.
The Electronic Postmark service allows users to search the BMV's
database for a driver's record, which is then converted to an
electronic document. To certify the record's accuracy, a cover
letter accompanies the document and is digitally signed by the BMV
commissioner. The USPS Electronic Postmark System authenticates the
document and electronically delivers it to the county prosecutor,
who can print the record and use it in court. Before this service
was available, prosecutors waited up to six weeks for processing
and delivery. Now, they can get certified records in minutes. The
Indiana BMV launched the program last December, and recently won
the Massachusetts Institute of Technology Digital Government Award
for the most innovative prototype service. With Indiana already
leading the nation in the use of technology innovations, the
state's BMV estimates that 100,000 driving records could be
digitally certified through the new service each year. The company
behind the USPS Electronic Postmark technology is the same one
highlighted by investment expert Bryan Bottarelli in a recent
special report on ID theft by the Taipan Group. The success of its
technology means it's likely here to stay. Imagine the effect when
it's implemented in the other 49 states. The Value Edge group has
written a special report on the growing problem of identity theft
in America. Read the FREE REPORT here immediately:
http://www.investorsobserver.com/agora5 TODAY'S ECONOMIC CALENDAR
8:00 a.m.: Richmond Fed President Broaddus speaks on the economy in
Cambridge, Maryland. 8:00 a.m.: Atlanta Fed President Guynn opens
Atlanta Fed conference in Sea Island, Georgia. 8:15 a.m.: Fed
Chairman Greenspan speaks via satellite to Atlanta Fed conference
in Sea Island, Georgia. 8:30 a.m.: March Housing Starts (last minus
4.0 percent). 9:00 a.m.: Fed Governor Bernanke speaks on immigrant
remittances in Chicago. 9:15 a.m.: March Industrial Production
Index (seen at plus 0.4 percent, last plus 0.7 percent). 9:15 a.m.:
March Capacity Utilization (seen at 76.8 percent, last 76.6
percent). 9:45 a.m.: April Preliminary University of Michigan
Consumer Sentiment Index (seen at 96.8, last 95.6). 10:00 a.m.:
Boston Fed President Minehan moderates discussion on immigrant
access at Atlanta Fed conference at Sea Island, Georgia. 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:
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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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