MORNING UPDATE: Man Securities Issues Alerts for TASR, DAL, MAT, USB, and FRX
July 20 2004 - 10:29AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for TASR, DAL, MAT,
USB, and FRX CHICAGO, July 20 /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 TASR, DAL, MAT, USB, and FRX,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "The markets are acting as if the economy,
and by extension, corporate America is in trouble and should be
tossed a lifeline." -- Paul Nolte, director of investments,
Hinsdale Associates. New PriceWatch Alerts for TASR, DAL, MAT, USB,
and FRX... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS --
Taser International Inc. (NASDAQ:TASR) Last Price 36.32 - AUG 30.00
CALL OPTION@ $7.70 -> 4.8 % Return assigned* -- Delta Air Lines
Inc. (NYSE:DAL) Last Price 5.94 - SEP 5.00 CALL OPTION@ $1.30 ->
7.8 % Return assigned* -- Mattel Inc. (NYSE:MAT) Last Price 17.41 -
OCT 17.50 CALL OPTION@ $0.80 -> 5.4 % Return assigned* -- U.S.
Bancorp (NYSE:USB) Last Price 27.96 - DEC 27.50 CALL OPTION@ $1.55
-> 4.1 % Return assigned* -- Forest Labs (NYSE:FRX) Last Price
52.50 - SEP 50.00 CALL OPTION@ $4.40 -> 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
trading marginally lower weighted down by the poor performance in
the Nikkei overnight. Currently just five of the 15 markets that we
track are positive. The cumulative average return on the group
stands at a minus 0.298 percent. The Nikkei posted its lowest close
since the June 4 bell ringer of 11128.10, most likely on earnings
concerns. Financial analysts were more optimistic on the German
economy according to the ZEW Sentiment Index for July. The index
came in at 48.4, besting not only June's 47.4, but expectations of
47.0 thanks to strong foreign demand. The Frankfurt DAX happens to
be one of the minority positive bourses. The release of the pair of
weekly reports on the well-being of the retail sector are expected
before the start of the regular session of trade. For the week of
July 10, the ICS-UBS Store Sales Index came in unchanged while the
Redbook Retail Sales for the same period slipped by 0.5 percent.
Since failing to penetrate much above the 413 area in mid June
through early July, the S&P Retail Index has lost almost nine
percent and seems intent on revisiting potential support in the 370
area. 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 US markets appear to be in the midst of
the summer doldrums, with the Dow and NASDAQ continuing to perform
sluggishly yesterday. Stocks did recover somewhat after 3M missed
earnings by a penny, and the semiconductor sector also improved
after suffering ugly losses earlier in the day. But this is a very
unpredictable spell, where no support level seems safe. Brit Ryle,
chief market analyst at the Taipan Group's Money-Flow Matrix Trader
investment service, says NASDAQ stocks are extremely oversold
already, and have been that way for the past eight trading days.
Momentum is hitting extreme lows not seen in over a year. That's
squeezing out the short sellers. But with earnings season
disappointing so far, buyers are also reluctant to take a position.
Add in the potential for more interest rate hikes and terrorist
concerns regarding the Olympics, US political party conventions in
Boston and New York, and the presidential election ... and it
creates a rather potent bearish mix. The fact that even now,
investors aren't using the dips to buy on value is slightly
worrying. This could signal that they're set for prices to head
lower still. However, some economists say the market is simply
experiencing typical summer weakness and are confident of an upward
move again soon. Conditions do seem ripe for an oversold market
bounce. But according to Ryle, prices will need to consolidate and
stabilize beforehand, so don't expect much of a move until Thursday
at the earliest. 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.: ICS-UBS Store Sales Index for the week ending July 17
(last unchanged). 8:30 a.m.: June Housing Starts (seen at plus 1.5
percent, last minus 0.7 percent). 8:55 a.m.: Redbook Retail Sales
for the week ending July 17 (last minus 0.5 percent). 2:30 p.m.:
Federal Reserve Chairman Greenspan to deliver semi-annual
monetary-policy report to Senate Banking Committee in Washington.
6:30 p.m.: ABC/Money Magazine Consumer Confidence Index for the
week ending July 17 (last minus 7). 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
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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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