MORNING UPDATE: Man Securities Issues Alerts for TSM, BMC, FDRY, BIIB, and ERTS
April 30 2004 - 10:03AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for TSM, BMC, FDRY,
BIIB, and ERTS CHICAGO, April 30 /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 TSM, BMC, FDRY, BIIB, and ERTS,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "The central bank won't raise the interest
rate until August or later." -- Sung Won Sohn, Economist, Wells
Fargo & Co. New PriceWatch Alerts for TSM, BMC, FDRY, BIIB, and
ERTS... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
----------- -- Taiwan Semiconductor Manufacturing Ltd. (NYSE:TSM)
Last Price 9.96 - JUN 10.00 CALL OPTION@ $0.50 -> 5.7 % Return
assigned* -- BMC Software Inc. (NYSE:BMC) Last Price 18.05 - AUG
17.50 CALL OPTION@ $1.65 -> 6.7 % Return assigned* -- Foundry
Networks Inc. (NASDAQ:FDRY) Last Price 14.15 - MAY 12.50 CALL
OPTION@ $2.15 -> 4.2 % Return assigned* -- Biogen Idec
(NASDAQ:BIIB) Last Price 57.01 - MAY 55.00 CALL OPTION@ $4.10 ->
4 % Return assigned* -- Electronic Arts Inc. (NASDAQ:ERTS) Last
Price 49.95 - MAY 50.00 CALL OPTION@ $2.05 -> 4.4 % 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 are not
looking too promising this morning as just two of the 15 markets
that we track are currently positive. The cumulative average return
on the group stands at a minus 0.299 percent, weighed down by the
2.02 percent decline in the Nikkei. Traders came back from a
one-day break, trading on concerns over China's ability to engineer
a soft landing for a too rapidly expanding economy and the
potential for an interest rate hike in the U.S. Additional pressure
came from the fact that the Nikkei will resume the "Golden Week"
holiday by closing on Monday through Wednesday. Traders felt it
prudent to lock in profits ahead of the super long weekend. On the
week the index lost 2.96 percent, but remains 10.16 percent higher
in calendar year 2004. Before the start of the regular trading
session today, March Personal Income is expected to have advanced
by 0.4 percent, matching the rise of the prior month. The companion
report, March Personal Spending is expected to have surged by 0.7
percent, belittling the prior month's 0.2 percent rise. At 9:45
a.m., the final University of Michigan Sentiment Index for April is
expected to come in at 94.0. The preliminary report in April stood
at 93.2, while the final March reading was 96.8. Recall that on
Tuesday we learned that the Conference Board's Consumer Confidence
Index for April took a surprise turn higher to 92.9 versus the
healthy reading of 88.5 posted in March. Possibly the most
important report of the day will be released at 10:00 a.m. The
April Chicago Purchasing Managers' Manufacturing Index is seen at
60.0, which would best the 57.6 reading in March. This report is
key as it is thought to prognosticate the National Institute for
Supply Managers Manufacturing (ISM) report (due for release on
Monday) with a reasonable degree of reliability. 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 Taiwanese political drama continues. After the
controversial general election on March 20, the country will now
conduct a full recount. The situation began with the assassination
attempts on incumbent president Chen Shui-bian and his deputy just
days before the vote. But Chen's Nationalist Party opponent, Lien
Chan, then accused the president of faking the stunt to garner
sympathy votes. Chen then scraped victory by just 30,000 votes out
of 13 million cast after the government almost bungled the
antimissile referendum. But a political storm swirled amid
allegations that around 330,000 ballots were invalid. So now,
Taiwan will recount all the votes on May 10, just before Chen is
due to be sworn in again on May 20. Better news for Taiwan's
flagship chip firm, Taiwan Semiconductor though. With plants
operating at full capacity during the first quarter amid rising
global demand, net income soared to T$18.8 billion (US$568.6
million) - the third highest on record - as sales jumped 46%. After
spending $3.6 billion on new plants that produce chips on 12-inch
wafers instead of the standard 8 inches, Taiwan Semi can now double
the number of chips made...and has slashed production costs by
one-third. And with global chip sales projected to grow 43% this
year, the future looks bright. 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.: March Personal Income (seen higher by 0.4 percent, last
plus 0.4 percent). 8:30 a.m.: March Personal Spending (seen higher
by 0.7 percent, last plus 0.2 percent). 9:45 a.m.: Final University
of Michigan Sentiment final April Index (Preliminary April was
93.2, final April seen at 94.0, final March 96.8). 10:00 a.m.:
April Chicago Purchasing Managers' Manufacturing Index (seen at
60.0, last 57.6). 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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