MORNING UPDATE: Man Securities Issues Alerts for HPQ, IBM, EXTR, CDN, and INTU
December 08 2003 - 9:30AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for HPQ, IBM, EXTR,
CDN, and INTU CHICAGO, Dec. 8 /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 HPQ, IBM, EXTR, CDN, and INTU,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "We would expect the market to be higher next
year because I do think the earnings momentum from this year will
carry over into next year." -- E. Matthew Brown, head of stock
management, Wilmington Trust New PriceWatch Alerts for HPQ, IBM,
EXTR, CDN, and INTU... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL
OPTIONS -- Hewlett-Packard (NYSE:HPQ) Last Price 22.11 - JAN 22.50
CALL OPTION@ $0.65 -> 4.8 % Return assigned* -- International
Business Machines (NYSE:IBM) Last Price 90.64 - APR 90.00 CALL
OPTION@ $4.90 -> 5 % Return assigned* -- Extreme Networks, Inc.
(NASDAQ:EXTR) Last Price 9.56 - JAN 10.00 CALL OPTION@ $0.60 ->
11.6 % Return assigned* -- Cadence Design Systems, Inc. (NYSE:CDN)
Last Price 17.49 - JAN 17.50 CALL OPTION@ $0.80 -> 4.9 % Return
assigned* -- Intuit Inc. (NASDAQ:INTU) Last Price 50.15 - APR 45.00
CALL OPTION@ $7.10 -> 4.5 % 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
generating any enthusiasm for a positive outcome on today's
session. Currently none of the 15 markets that we track are
positive. The cumulative average return on the group stands at a
minus 0.982 percent. Manufacturers in the United Kingdom saw their
output rise by 1.0 percent in October and 2.4 percent on a
year-over-year basis on expectations for a plus 0.3 percent and 0.8
percent respectively. About the only thing planned today is the
11:00 a.m. release of the November Kansas City Fed Manufacturing
Index. Activity in the Federal Reserve Bank of Kansas City region
continued to grow in October, although at a slower pace compared to
the month before. The bank said that its production index moved to
28 in October from 31 in September and 20 in August. For the
record, the 10th Federal Reserve District covers Colorado, Kansas,
Nebraska, Oklahoma, Wyoming, Northern New Mexico and Western
Missouri. This report typically has little impact on the market. We
get a little excitement tomorrow as the Federal Open Market
Committee (FOMC) meets on interest rates and monetary policy. Then
we have to wait until Thursday when Import Prices, November Retail
Sales and October Business Inventories will be made known. Friday
tops off the week with the Producer Price Index for November,
October Business Inventories. Today's key earnings report comes out
of homebuilder Hovnanian Enterprises. Currently the Street is
looking for the company to post a fourth quarter profit of $2.68
per share. The key concern today is whether the market can overcome
the disappointing employment numbers. Early indications are that
the answer is "not yet." Futures are fading, overseas markets and
the U.S. dollar are disappointing. 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 TODAY'S ECONOMIC CALENDAR
11:00 a.m.: November Kansas City Fed Manufacturing Index (last 28).
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.mansecurities.com/mu.html . 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 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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