MORNING UPDATE: Man Securities Issues Alerts for NXTL, VRTSE, ALL, ANF, and BAX
May 12 2004 - 10:20AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for NXTL, VRTSE, ALL,
ANF, and BAX CHICAGO, May 12 /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, VRTSE, ALL, ANF, and BAX,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "My confidence remains solid and is
improving." -- John Chambers, Chief Executive, Cisco Systems Inc.
New PriceWatch Alerts for NXTL, VRTSE, ALL, ANF, and BAX...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Nextel
Communications Inc. (NASDAQ:NXTL) Last Price 24.35 - AUG 22.50 CALL
OPTION@ $2.90 -> 4.9 % Return assigned* -- VERITAS Software
Corp. (NASDAQ:VRTSE) Last Price 26.44 - AUG 25.00 CALL OPTION@
$3.40 -> 8.5 % Return assigned* -- Allstate Corp. (NYSE:ALL)
Last Price 44.20 - JUL 45.00 CALL OPTION@ $1.00 -> 4.2 % Return
assigned* -- Abercrombie & Fitch Co. (NYSE:ANF) Last Price
33.90 - AUG 32.50 CALL OPTION@ $3.30 -> 6.2 % Return assigned*
-- Baxter International Inc. (NYSE:BAX) Last Price 31.64 - AUG
30.00 CALL OPTION@ $2.80 -> 4 % 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 appear
back in the dumps as just five of the 15 markets that we track are
currently positive. The cumulative average return on the group was
held in check at a negative 0.044 percent thanks to a 2.26 percent
surge in the Nikkei overnight. The index actually gapped higher in
a broad based rally as traders bid up issues ranging from Nippon
Steel (plus 4.2 percent) to Casio Computer (plus 17.7 percent).
Germany's annual inflation rate rose to its highest level in more
than a year in April, thanks to sharp advances in oil prices and
higher prices for healthcare. Consumer prices rose 0.3 percent in
April matching the 0.3 percent rise in March. On a year-over- year
basis, consumer prices rose by 1.6 percent in April, following a
1.1 percent rise in March. Annual inflation hit its highest level
since March 2002, when it stood at 2.0 percent, as oil prices were
2.9 percent higher on the year. Bright and early this morning, the
Mortgage Bankers Association (MBA) Refinancing Index for the week
ending May 8 is scheduled for release. Recall that the report for
the week ending May 1 broke a five week losing streak with its 4.7
percent rise. The early morning release showed that the MBA
refinancing index once again declined, this time by 13.2 percent.
The purchase index did rise by 2.4 percent as the backdrop of
rising interest rates is pushing some off the fence before rates
can climb much higher. The MBA market index declined by five
percent during the week. At 8:30 a.m., April Import Prices are
expected to have moderated a bit from the 0.9 percent jump in
March. Analysts are looking for a 0.4 percent increase in April.
This indicator on the demand for foreign goods and services by U.S.
consumers can also be viewed as an indicator on the potential for
inflation. Sharing the same time slot, the March International
Trade Balance is seen coming in ever so slightly at $42.08 million
versus the $42.09 billion shortfall posted last month. If you are
holding any stock or options positions on Yahoo!, be aware that the
stock is trading at a post two-for-one split. Stocks traders now
have twice as many shares at half the pre-split price, while
options traders have twice as many options contracts at one-half
the pre-split price and strike. Check with your broker if you have
further concerns. 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 The issue is the butt of many cheap
jokes for comedians and talk shows hosts, but it's really no
laughing matter. Not when the trend costs Americans $117 billion
each year in healthcare expenses. The United States is fast
becoming a land of dangerously overweight people. In 2000, poor
diet and obesity is said to have contributed directly to around
400,000 deaths -- more than 16% of all deaths that year. That's
pretty disturbing. Today, approximately 127 million American adults
are overweight. 60% of them are classed as "obese". Nine million
are "severely obese". As part of a federal anti-obesity program,
the National Institute of Health received $400 million in fiscal
2004 to battle this problem -- up 5.6% from $378.6 million in
fiscal 2003. But projections call for the figure to increase
another 10% to $440 million as soon as 2005. A healthy diet and
active lifestyle will likely enable you to live longer. But as the
fight to trim America's bulging waistline gains momentum, the
companies tackling obesity could make investors live happier and
wealthier too. Taipan's Red Zone group believes it has spotted a
prime candidate in Regeneron -- a biotech whose drugs combat many
medical conditions, including obesity. Its Axokine drug is
currently undergoing Phase III trials, and if granted full Food
& Drug Administration approval, promises to be a major boost to
both the industry and company. The Red Zone team has written a
comprehensive report on America's growing obesity problem -- and
identified several ways for you to profit from companies aiming to
solve it. To find out more, simply follow this link to access the
FREE REPORT: http://www.investorsobserver.com/agora9 TODAY'S
ECONOMIC CALENDAR 7:00 a.m.: MBA Refinancing Index for the week
ending May 8 (last plus 4.7 percent). 8:30 a.m.: April Import
Prices (last plus 0.9 percent). 8:30 a.m.: March International
Trade Balance (last $42.09 billion deficit). 2:00 p.m.: April
Treasury Budget. 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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