MORNING UPDATE: Man Securities Issues Alerts for NXTL, FCS, RHAT, ADI, and NDN
June 03 2004 - 10:21AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for NXTL, FCS, RHAT,
ADI, and NDN CHICAGO, June 3 /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 NXTL, FCS, RHAT, ADI, and NDN,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "There's just every indication that the labor
market is improving very dramatically." -- Ken Mayland, president,
ClearView Economics New PriceWatch Alerts for NXTL, FCS, RHAT, ADI,
and NDN... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
----------- -- Nextel Communications Inc. (NASDAQ:NXTL) Last Price
23.23 - AUG 22.50 CALL OPTION@ $1.95 -> 5.7 % Return assigned*
-- Fairchild Semiconductor International Inc. (NYSE:FCS) Last Price
18.13 - JUL 17.50 CALL OPTION@ $1.75 -> 6.8 % Return assigned*
-- Red Hat Inc. (NASDAQ:RHAT) Last Price 28.72 - JUL 27.50 CALL
OPTION@ $2.75 -> 5.9 % Return assigned* -- Analog Devices Inc.
(NYSE:ADI) Last Price 48.04 - SEP 45.00 CALL OPTION@ $5.40 ->
5.5 % Return assigned* -- 99 Cents Only Stores (NYSE:NDN) Last
Price 21.06 - SEP 20.00 CALL OPTION@ $2.25 -> 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, "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
lower by majority with just four of the 15 markets that we track
able to show positive numbers. The cumulative average return on the
group stands at a minus 0.423 percent. Today is a busy day on the
economic calendar. At 8:30 a.m., Initial Jobless Claims for the
week ending May 29 are seen at a minus 9,000, following the prior
week's 3,000 decline. Sharing that spotlight, First Quarter Revised
Productivity is seen ticking higher to plus 3.7 percent for the
initial estimate for a plus 3.5 percent. Additionally the First
Quarter Revised Unit Labor Costs is seen moderating a bit to plus
0.2 percent from its initially reported plus 0.5 percent. Remember
that it was the surge in productivity by the American worker that
held job growth in check well beyond the end of the recession. A
bit later at 10:00 a.m., the May Institute of Supply Managers (ISM)
Non-Manufacturing Index is seen a bit lower at 66.2 versus April's
68.4 reading. April's reading was the highest posting since the
survey's inception in July 1997. Also at 10:00 a.m., analysts
expect that April Factory Orders cooled a bit to minus 0.2 percent
versus March's torrid plus 4.3 percent pace. Potentially a volatile
day in the retailing sector as many of the major retail chains will
offer up a look at their May same-store-sales figure. This number
compares the actual performance of stores that have been open for a
least one year and is a reliable measure on whether the company is
able to inherently grow its business (as opposed to growth via the
addition of new outlets). 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 OPEC meeting today to likely confirm its oil
production increase, the US stock markets continue to wander
somewhat tentatively. After a sluggish start yesterday, momentum on
the NASDAQ moved the index higher after midday. But Brit Ryle,
investment director at Taipan's Money-Flow Matrix Trader group (an
options-based service), says: "Daily stochastics remain overbought
and it appears the NASDAQ is poised for a move lower over the next
2-3 days." While the index came within a whisker of breaking the
2,000-point mark, Ryle asserts that the 50-day moving average is at
1,975 and a test of that level is likely by Friday. In fact, given
that OPEC's production hike is probably already priced into the
market, there's a possibility the NASDAQ will slide lower to
support at its 20-day moving average in the 1,930-1,940 range.
Meanwhile, as the coalition forces continue to fight desperately in
the Middle East, there was good news for Calgary-based Ceramic
Protection Corp. The company specializes in manufacturing and
distributing warfare equipment such as body armor and vehicular
armor. A penny stock company trading under $1 just one year ago,
the stock traded as high as $9.50 on Tuesday from Monday's 52-week
high of $9.79. It's since slipped back to $9.14, giving William
Colburn's investors at the Volume Spike Indicator group a 15% gain
in just six trading days. 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 May 29 (last
minus 3,000). 8:30 a.m.: First Quarter Revised Productivity (seen
at plus 3.7 percent, last plus 3.5 percent). 8:30 a.m.: First
Quarter Revised Unit Labor Costs (seen at plus 0.2 percent, last
plus 0.5 percent). 9:30 a.m.: Federal Reserve Governor Bies
addresses Senate Committee on Banking, Housing and Urban Affairs on
bank secrecy act enforcement. 10:00 a.m.: DJ-BTM Business Barometer
for the week ending May 29 (last minus 0.1 percent). 10:00 a.m.:
May ISM Non-Manufacturing Index (seen at 66.2, last 68.4). 10:00
a.m.: April Factory Orders (seen at minus 0.2 percent, last plus
4.3 percent). 11:00 a.m.: May Chain Store Sales. 1:45 p.m.: Federal
Reserve Governor Bies attends meeting on International Accounting
Standards Board Reform. 4:30 p.m.: Money Supply. 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.
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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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