FCS Fairchild Semiconductor International, Inc. (MM)

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. 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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