MORNING UPDATE: Man Securities Issues Alerts for INTC, DNA, SWKS, FOX, and COST
October 07 2004 - 10:24AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for INTC, DNA, SWKS,
FOX, and COST CHICAGO, Oct. 7 /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 INTC, DNA, SWKS, FOX, and COST,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "There is new money coming into the stock
market and the world isn't coming to a screeching halt because of
the levels of crude oil." -- Michael Driscoll, stock trader, Bear
Stearns. New PriceWatch Alerts for INTC, DNA, SWKS, FOX, and
COST... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
----------- -- Intel Corp. (NASDAQ:INTC) Last Price 21.13 - JAN
20.00 CALL OPTION@ $2.10 -> 5.1 % Return assigned* -- Genentech
Inc. (NYSE:DNA) Last Price 50.25 - NOV 50.00 CALL OPTION@ $2.95
-> 5.7 % Return assigned* -- Skyworks Solutions Inc.
(NASDAQ:SWKS) Last Price 10.66 - NOV 10.00 CALL OPTION@ $1.05 ->
4.1 % Return assigned* -- Fox Entertainment Group Inc. (NYSE:FOX)
Last Price 29.88 - JAN 30.00 CALL OPTION@ $1.45 -> 5.5 % Return
assigned* -- Costco Wholesale Corporation (NASDAQ:COST) Last Price
42.93 - JAN 42.50 CALL OPTION@ $2.35 -> 4.7 % 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, "Is Your Investment Portfolio Disaster
Proof? - Insights, Stocks, And Strategies." go to:
http://www.investorsobserver.com/FREEDP NOTE: All stocks and
options shown are examples only. These are not recommendations to
buy or sell any security. MARKET OVERVIEW The November contract on
sweet crude oil rose 93 cents yesterday on the New York Mercantile
Exchange to set another new record close. A small gain in U.S.
crude inventories fell short of expectations, and fueled some
concerns over whether or not energy supplies would be sufficient to
meet winter demand. Refineries have begun to recover from the
recent spate of hurricanes in the Gulf region, but have been unable
to operate at the type of capacity needed at a critical time of
year. November heating oil was up $1.41 to $1.4209 per gallon, and
November unleaded gas closed up $2.09 at $1.3875 a gallon. It seems
that rising oil prices have had a positive effect on the relative
value of the dollar. The direction of interest rates will
ultimately determine where the dollar will head, and the direction
of rates is directly affected by the strength of the domestic
economy. Rising rates make the dollar and dollar-based investments
more attractive to foreign investors. The greenback gained 0.1
percent versus the euro to $1.2294, and was up 0.2 percent against
the British pound to $1.7783. 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 Turnaround stocks have been the best performers since
2002. From September 2002 to December 2003, Lucent climbed 541%.
Red Hat soared 1,163% over roughly the same time period, while the
likes of Amazon.com jumped from $7 to $60, or 757%. Don't get us
wrong. There are plenty of companies that never make it back. They
key is to know which companies will make you triple digit profits
and which will be the next Fogdog.com. By this Friday, October 8,
2004, Global Crossing could be that next triple digit winner should
it meet the NASDAQ's requirements for re-listing. Not only does it
trade at a ninth of book value, 0.1% of sales, have $2.9 billion in
revenue, $290 million in cash and a market cap of only $350
million, putting it on the list of ridiculously undervalued, one
confident billionaire insider, namely Richard Rainwater bought
235,000 shares of the company just last week. The clear catalyst
for share price appreciation is a NASDAQ re-listing and it has
already received an extension to comply with NASDAQ rules, which it
does expect to meet. The last turnaround stock recommended by the
Profit Hog Insider team, Net Perceptions helped readers realize a
50% gain in less than a month's time. The team bought the stock on
news that insiders bought 329,400 shares after catching wind of a
deal that could save the company. Pay close attention to Global
Crossing shares leading up to Friday, October 8, 2004. 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 ended
October 2 (last plus 18,000) 9:30 a.m.: Fed Vice Chairman Ferguson
speaks on free trade at Cato Institute conference in Washington
10:00 a.m.: DJ-BTM Business Barometer (last plus 0.7 percent) 1:00
p.m.: Fed Gov Bernanke speaks on central banks and monetary policy
at Japan Society luncheon in New York 1:30 p.m.: Fed Chairman
Greenspan speaks via satellite at the "Reflections on Monetary
Policy: Twenty-Five Years After October 1979" conference at Federal
Reserve Bank of St. Louis 3:00 p.m.: Consumer Credit (last plus
$10.9 billion) 3:45 p.m.: Dallas Fed Pres McTeer speaks on the
economy in New York N/A: September Chain Store Sales Man Securities
is one of the world's leading option order execution firms. Man's
in-house broker team offers a level of personal service and
experience unavailable from no-frills discount brokers. To improve
your understanding of option pricing get Man's FREE "Margin/Option
Wizard software at: http://www.investorsobserver.com/mancd. Member
CBOE/NASD/SPIC. 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
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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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