MORNING UPDATE: Man Securities Issues Alerts for MU, BIIB, SWKS, JBLU, and AGI
March 25 2004 - 9:21AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for MU, BIIB, SWKS,
JBLU, and AGI CHICAGO, March 25 /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 MU, BIIB, SWKS, JBLU, and AGI,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "The manufacturing recovery is on solid
ground." -- Daniel J. Meckstroth, chief economist, Manufacturers
Alliance/MAPI New PriceWatch Alerts for MU, BIIB, SWKS, JBLU, and
AGI... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS --
Micron Technology Inc. (NYSE:MU) Last Price 15.81 - JUL 13.00 CALL
OPTION@ $3.40 -> 4.8 % Return assigned* -- Biogen Idec
(NASDAQ:BIIB) Last Price 54.63 - JUL 50.00 CALL OPTION@ $7.50 ->
6.1 % Return assigned* -- Skyworks Solutions, Inc. (NASDAQ:SWKS)
Last Price 11.05 - MAY 10.00 CALL OPTION@ $1.50 -> 4.7 % Return
assigned* -- JetBlue Airways Corp. (NASDAQ:JBLU) Last Price 22.52 -
APR 22.50 CALL OPTION@ $1.05 -> 4.8 % Return assigned* --
Alliance Gaming Corp. (NYSE:AGI) Last Price 32.35 - JUL 30.00 CALL
OPTION@ $4.00 -> 5.8 % 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
offering a little encouragement this morning, as 13 of the 15
markets that we track are currently positive. The cumulative
average return on the collective stands at a positive 0.969
percent. The Confederation of British Industry (CBI) indicated that
the United Kingdom's manufacturing sector continued to improve in
March with output volumes rising for a third consecutive month.
Manufacturing output levels rose to plus 15 in March from plus 14
in February, indicating that demand continues to improve despite
the strong pound. Firmer external demand has resulted in a
remarkable improvement in export orders, moving that index up to a
minus 7 in March, its most positive level since November 1996. The
index stood at a minus 22 in February. In Spain, IBEX 35 Index
looks to be putting terrorism in the rear view mirror this morning,
rising from that mat and adding over 140 points. Before the market
open, the Final Fourth Quarter Gross Domestic Product (GDP)
estimate is expected to hold from the preliminary reading of plus
4.1 percent. Unless there is major surprise in either direction,
this "old" report should have little impact on the market. Sharing
the 8:30 a.m. timeslot, Initial Jobless Claims for the week ending
March 20 are expected to partially reverse the prior week's 6,000
decline with a 4,000 rise. Remember that it is my (humble) opinion
that the market moving reports will deal with job growth and
inflation. This one deals with the loss of jobs. At 9:00 a.m.,
Federal Reserve Chairman Greenspan speaks on rural economic issues
in Warrenton, Virginia. I am not sure if there will be a Q&A
period following his speech. Just be aware that he is out and
about. At 10:00 a.m., February Existing Home Sales will be
released. We have no estimate on this figure, but last month sales
declined by 5.2 percent. 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 the US stock markets fluctuating heavily amid
the current political tensions and terrorism fears, it'sbeginning
to test investors' nerves. Since the Madrid bombings, jitters have
prevailed, with investors rushing to sell stocks in the US, Europe
and Asia. With earnings season imminent, stocks could go either
way. The NASDAQ is bouncing off of its 200-day moving average and
support at 1900. Daily momentum has improved but is still negative
and the index has stalled just below the resistance level between
1925 and 1935. Brit Ryle at the Money Flow Matrix Trader says that
while the NASDAQ is bouncing, it's not very strong and is
concentrated mainly in the semiconductor stocks. And "considering
these have been among the worst NASDAQ performers over the past few
weeks, an oversold bounce is no big surprise. Semiconductors
usually lead the NASDAQ, and the declining volume on Tuesday's
sell-off is encouraging for a more sustained bounce. But there
isn't yet enough evidence to suggest that this is anything other
than an oversold bounce. We either need to see a move that fills
the gap between 1925 and 1935, or a big volume move lower. And I
put the odds for either at 50/50 -- at least for the next few days.
Personally, I'd like to see another 50-point drop on the NASDAQ.
That would make it very easy to go long heading into earnings." The
editorial team has prepared a special FREE REPORT for you --
"America's 1,300 Fastest-Growing Companies." You can access it
immediately by following this link:
http://www.investorsobserver.com/agora1 TODAY'S ECONOMIC CALENDAR
8:30 a.m.: Fourth Quarter Final Gross Domestic Product (preliminary
reading stood at plus 4.1 percent). 8:30 a.m.: Initial Jobless
Claims for the week ending March 20 (last minus 6,000). 9:00 a.m.:
Federal Reserve Chairman Greenspan speaks on rural economic issues
in Warrenton, Virginia. 10:00 a.m.: February Existing Home Sales
(last minus 5.2 percent). 10:00 a.m.: February Conference Board
Help Wanted Index (last 38). 10:00 a.m.: DJ-BTM Business Barometer
for the week ending March 13 (last plus 0.3 percent). 12:30 p.m.:
Fed Gov Kohn speaks on monetary policy in economic transactions in
Washington). 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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