MORNING UPDATE: Man Securities Issues Alerts for HPQ, MRK, SYMC, CL, and LEXR
September 28 2004 - 10:17AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for HPQ, MRK, SYMC,
CL, and LEXR CHICAGO, Sept. 28 /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 HPQ, MRK, SYMC, CL, and LEXR,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "People have been really focused on oil, and
the closer we get to $50 a barrel the more it is going to put a
damper on the market." -- Todd Leone, head of listed trading, SG
Cowen. New PriceWatch Alerts for HPQ, MRK, SYMC, CL, and LEXR...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS --
Hewlett-Packard (NYSE:HPQ) Last Price 18.4 - JAN 17.50 CALL OPTION@
$1.65 -> 4.5 % Return assigned* -- Merck & Company Inc.
(NYSE:MRK) Last Price 44.46 - JAN 45.0 CALL OPTION@ $1.55 -> 4.9
% Return assigned* -- Symantec Corp. (NASDAQ:SYMC) Last Price 52.7
- JAN 50.0 CALL OPTION@ $5.5 -> 5.9 % Return assigned* --
Colgate-Palmolive Co. (NYSE:CL) Last Price 45.23 - JAN 45.0 CALL
OPTION@ $2.1 -> 4.3 % Return assigned* -- Lexar Media Inc.
(NASDAQ:LEXR) Last Price 8.24 - NOV 7.50 CALL OPTION@ $1.20 ->
6.5 % 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, "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 Overseas markets are
performing surprisingly well as ten of the 15 markets that we track
are currently in positive territory. The cumulative average return
on the group stands as a plus 0.119 percent. The impact of oil has
been felt most harshly in Japan as the Nikkei posted its eighth
consecutive losing session overnight. We don't often talk about
Italy, but it presented an opportunity to talk about something
positive. Italy's seasonally adjusted unemployment rate fell to 8.1
percent in the second quarter from 8.2 percent in the first
quarter. That is the lowest figure since Istat started releasing
the data in 1992. Additionally, the number of unemployed fell below
two million for the first time. The pair of weekly reports on the
health of the retail sector will be released early this morning.
The ICSC-UBS Store Sales Index for the week ending September 18
declined by 1.1 percent, while Redbook Retail Sales for the same
period added 0.9 percent. At 10:00 a.m., the Conference Board
Consumer Confidence Index for September will be released. Analysts
are looking for the mood of the U.S. consumer to have improved to a
reading of 99.0 from the 98.2 booked in August. Mind you than any
rise in the September index would simply be an attempted recovery
from August's sharp decline off the 105.7 booked in July. If you
don't think that the softening employment data is weighing on the
minds of the American consumer, then the following statistic out of
last month's Consumer Confidence report may help sway your opinion.
The "jobs plentiful" index fell 1.6 points to 18.1, the lowest
level since May. Expectations for more jobs over the next six
months also slipped, falling to 16.2 in August, the lowest reading
since March, from 19.5 in July. 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 Desperately trying to navigate its way out of
bankruptcy and into something approaching profitability, US Airways
took one small step on Sunday. The airline agreed on a deal with
Transport Workers Union Local 547. The union is one of the
airline's smallest, representing just 65 employees. Although this
doesn't represent a major breakthrough, US Airways is likely
thankful for any shred of good news at the moment. Last Friday, it
filed a motion in US Bankruptcy Court to receive some flexibility
in its collective bargaining agreements with the Airline Pilots
Association, Association of Flight Attendants, Communications
Workers of America and several other unions. This could allow the
airline to save 34,000 jobs and adhere to its plan to save US$38
million per month in payroll. US Airways serves as a snapshot of
the upheaval for the airline sector in general. Last Thursday,
Merrill Lynch downgraded Continental, Delta and AirTran to
"neutral," as east coast competition continues to squeeze profit
margins. This is understandable in Continental and Delta's cases,
with both struggling to compete with their low-fare competitors and
Delta on the edge of bankruptcy. And AirTran, although offering
similar fares to JetBlue and Southwest, garners about half its
revenue from lucrative east coast routes. The Florida hurricanes
have hit the airline hard forcing cancellation of almost 600
flights. It is now due to report a third quarter loss of 2 cents
per share, compared with a 24-cents per share profit in Q3 2003.
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 7:45 a.m.: ICSC-UBS Store Sales Index for the week ending
September 25 (last minus 1.1 percent). 8:55 a.m.: Redbook Retail
Sales for the week ending September 25 (last plus 0.9 percent).
10:00 a.m.: September Conference Board Consumer Confidence Index
(last 98.2). 6:30 p.m.: ABC/Money Magazine Consumer Confidence
Index for the week ending September 25 (last minus 9). 6:30 p.m.:
Fed Governor Bies speaks on challenges facing the accounting
profession in Cincinnati, Ohio. 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
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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