MORNING UPDATE: Man Securities Issues Alerts for DIS, HCA, MGAM, PETM, and BEV
March 02 2004 - 9:32AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for DIS, HCA, MGAM,
PETM, and BEV CHICAGO, March 2 /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 DIS, HCA, MGAM, PETM, and BEV,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "At some point, I've got to start getting
more delegates or I'm not going to be the nominee." -- John
Edwards, Senator New PriceWatch Alerts for DIS, HCA, MGAM, PETM,
and BEV... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS --
Disney (The Walt) Holding Co. (NYSE:DIS) Last Price 26.87 - JUL
25.00 CALL OPTION@ $2.85 -> 4.1 % Return assigned* -- HCA Inc.
(NYSE:HCA) Last Price 41.20 - MAY 40.00 CALL OPTION@ $2.80 ->
4.2 % Return assigned* -- Multimedia Games Inc. (NASDAQ:MGAM) Last
Price 22.39 - MAR 22.50 CALLOPTION@ $1.00 -> 5.2 % Return
assigned* -- PETsMART, Inc. (NASDAQ:PETM) Last Price 26.65 - JUL
25.00 CALL OPTION@ $3.30 -> 7.1 % Return assigned* -- Beverly
Enterprises Inc. (NYSE:BEV) Last Price 7.71 - MAR 7.50 CALL OPTION@
$0.50 -> 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 intoyour 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 have
managed to put on a happy face this morning, as 12 of the 15
markets that we track are currently positive. The cumulative
average return on the group stands at a positive 0.325 percent. In
Germany, Retail Sales for January improved by 3.1 percent over the
prior month, besting forecasts for a more muted 1.2 percent rise.
On a year-over-year basis, real (inflation adjusted) sales actually
declinedby 1.0 percent, highlighting the fragile nature of the
German consumer. The jobless rate in the Euro-Zone remained
unchanged for an 11th consecutive month in January at 8.8 percent.
There were 12.3 million jobless in the region. Spain headed up the
pack with a jobless rate of 11.2 percent. Before the market open
today, the two weekly reports on the health of the retail sector
will be released. The ICS-UBS Store Sales Index for the week ending
February 21 posted a decline of 0.2 percent, while Redbook Retail
Sales for the same period rose by 1.0 percent. The S&P Retail
Index has indeed been a stellar performer, having risen by almost
65 percent from its March 2003 low. The index set yet another
all-time high in yesterday's session at 402.53. Since the end of
January the sector has outperformed the broad market as represented
by the SPX. At 12:30 p.m., Federal Reserve Chairman Greenspan
speaks at the Economics Club luncheon in New York. Less than 20
companies populated the earnings calendar today, but they are
diverse in the sectors represented. 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 These are upbeat times for Merriman Curhan Ford
Company, a securities investment group trading on the American
Stock Exchange. After the firm's announcement that revenues surged
88% over the past two years, insiders have piled into the stock
recently, buying 194,000 shares. When insiders buy, that's when Ian
L. Cooper and Erin Beale, trading experts at the Profit Hog Insider
(PHI) investment team, take notice. That was two weeks ago. Having
recommended Merriman to their investors on February 17, the duo
walked away with a 125% gain on the first half of the position
yesterday morning. According to Cooper, "It's a good thing we
bought when we did, otherwise we'd have missed the initial 72% rise
in the first few days." Merriman's solidnumbers have led to
acquisition rumors recently -- speculation reflected in the
company's stock activity. Volume was seven times higher than normal
yesterday alone. The PHI team sees no reason to sell the remaining
portion of the position just yet. As Cooper states, "Insiders don't
just fork over their own cash like this if they believe the stock
has a one-way ticket down the drain." The stock hit a high of $3.10
today and the group maintains a $5 target price. Read more incisive
investment recommendations like this, plus astute and witty
economic/market commentary, and access to a network of leading
financial analysts in the Taipan Group's FREE daily e-mail -- the
247Profits e-Dispatch. Follow this link to sign up for free today:
http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR
7:45 a.m.: ICS-UBS Store Sales Index for the week ending February
28 (last minus 0.2 percent). 8:55 a.m.: Redbook Retail Sales for
the week ending February 28 (last plus 1.0 percent). 10:00 a.m.:
February Challenger Layoff Survey (last plus 26 percent). 12:30
p.m.: Fed Chairman Greenspan speaks at the Economics Club luncheon
in New York. 6:30 p.m.: ABC/Money Magazine Consumer Confidence for
the week ending February 28 (last minus 13). 7:30 p.m.: Fed
Governor Bernanke speaks on economic policy in Lexington, Virginia.
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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