MORNING UPDATE: Man Securities Issues Alerts for GE, KSS, MXO, DISH, and MSO
March 01 2004 - 9:26AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for GE, KSS, MXO,
DISH, and MSO CHICAGO, March 1 /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 GE, KSS, MXO, DISH, and MSO,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "When you're in the middle of a political
campaign, there is no way that candidates on either side are going
to try to do anything on Social Security -- period." -- Leon
Panetta, former chief of staff, White House New PriceWatch Alerts
for GE, KSS, MXO, DISH, and MSO... PRICEWATCH ALERTS - HIGH RETURN
COVERED CALL OPTIONS -- General Electric Co. (NYSE:GE) Last Price
32.52 - JUN 32.50 CALL OPTION@ $1.50 -> 4.8 % Return assigned*
-- Kohl's Corp. (NYSE:KSS) Last Price 51.50 - JUL 50.00 CALL
OPTION@ $4.60 -> 6.6 % Return assigned* -- Maxtor Corp.
(NYSE:MXO) Last Price 10.25 - APR 10.00 CALL OPTION@ $1.00 ->
8.1 % Return assigned* -- EchoStar Comm. Corp. (NASDAQ:DISH) Last
Price 36.12 - APR 35.00 CALL OPTION@ $2.85 -> 5.2 % Return
assigned* -- Martha Stewart Living Omnimedia Inc. (NYSE:MSO) Last
Price 14.53 - APR 12.50 CALL OPTION@ $2.80 -> 6.6 % 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
charging hard right out of the gate, as 14 of the 15 markets that
we track are currently positive. The cumulative average return on
the group stands at a positive 0.454 percent, headed up by the
2.088 percent surge in the Nikkei overnight. The rally was said to
have been broad- based (developing over a general array of sectors)
and pushed the index to a level not seen since June 11, 2002. The
February Purchasing Managers Manufacturing Index in Germany rose to
53.4 from a 53.0 reading in January, indicating that the
manufacturing sector continues toexpand in that country. The figure
bested analysts' opinions for a 52.8 reading (which seems to have
been based upon the strength in the euro). Before the market open
we will be informed on the January Personal Income numbers.
Currently analysts expect a rise of 0.6 percent, accelerating from
December's 0.2 percent advance. The companion report, January
Personal Spending, is expected to match the prior month with a 0.4
percent rise. I have yet to see this report move the market. At
10:00 a.m., January Construction Spending is seen at plus 0.4
percent, matching December's 0.4 percent rate of growth amid higher
outlays on homes and educational facilities. The December increase
followed a revised 0.5 percent rise in November from its initially
reported 1.2 percent jump. Potentially a market mover, the 10:00
a.m. release of the February Institute of Supply Managers (ISM)
Manufacturing Index is expected to show a reading of 62.0, slightly
lower than January's strong 63.6 reading. Around the noon hour,
expect auto and truck sales figures for February to start rolling
across the wires. The earnings calendar starts off quite light this
week with homebuilder Hovnanian Enterprises reporting its first
quarter results, representing the most interesting issue. The
calendar struggles to hit 75 companies this week as this earnings
season is just about history. 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 This week will provide an interesting test for NASDAQ
bulls. With today the first trading day of a new month, we could
see a bullish trend, as new 401K and mutual fund money hits the
market. But Brit Ryle, chief analyst at Money Flow Matrix Trader,
believes the test will come from the technicals. "The NASDAQ closed
at the 50-day moving average last Thursday. And it only just moved
above it briefly on Friday before breaking below again. Downside
momentum has increased and daily stochastics may head down too.
Volume has been light during the NASDAQ's recent bounce attempt.
The rebound from support at 2,000 has been subdued and the index
appears ready to head down. With the NASDAQ looking weak, and new
fund money on the market, I'm curious to see if this trend
continues. Also, the February payroll numbers are due on Friday.
Eventually, I think we'll see an upside surprise here that will
give Greenspan the go-ahead to hike interest rates. I'm also
curious to see if stocks can make headway ahead of such a key
economic event. So in summary, I think the NASDAQ is headed down,
but I'm going to wait until later today to enter any new downside
positions." Read Brit's thoughts, plus those from a network of
other leading investment analysts, and get incisive and witty
economic commentary every day. Please follow this link:
http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR
8:30 a.m.: January Personal Income(seen at plus 0.6 percent, last
plus 0.2 percent). 8:30 a.m.: January Personal Spending (last at
plus 0.4 percent). 9:30 a.m.: Fed Gov. Olson speaks at banking
conference in Washington. 10:00 a.m.: January Construction
Spending. 10:00 a.m.: February Institute of Supply Managers (ISM)
Manufacturing Index (seen at 62.0, last 63.6). 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 andinformation 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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Michael Lavelle of Man Securities, +1-800-837-6212 Web site:
http://www.mansecurities.com/mu.html
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