KSS Kohls Corporation

MORNING UPDATE: Man Securities Issues Alerts for TWX, COH, A, KSS, and VOD CHICAGO, Sept. 1 /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 TWX, COH, A, KSS, and VOD, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The economy has slowed, but growth is still positive." -- Chris Low, chief economist, FTN Financial. New PriceWatch Alerts for TWX, COH, A, KSS, and VOD... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Time Warner Inc. (NYSE:TWX) Last Price 16.35 - JAN 16.00 CALL OPTION@ $1.15 -> 5.3 % Return assigned* -- Coach Inc. (NYSE:COH) Last Price 42.15 - NOV 40.00 CALL OPTION@ $4.10 -> 5.1 % Return assigned* -- Agilent Technologies Inc. (NYSE:A) Last Price 20.50 - OCT 20.00 CALL OPTION@ $1.45 -> 5 % Return assigned* -- Kohl's Corp. (NYSE:KSS) Last Price 49.48 - OCT 50.00 CALL OPTION@ $1.70 -> 4.6 % Return assigned* -- Vodafone Group, Plc (NYSE:VOD) Last Price 22.90 - JAN 22.50 CALL OPTION@ $1.40 -> 4.7 % 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 demonstrating a change in heart from recent days, as all 15 of the markets that we track are currently positive. The cumulative average return on the collective stands at a positive 0.636 percent. It certainly appears that the interest rate hikes of the past ten months by the Bank of England are having the intended impact on the housing market in the United Kingdom. On the month of August prices rose by just 0.1 percent, moderating considerably from the 2.1 percent jump experienced in July. On the year over year basis, prices were higher by 18.9 percent in August, also beneath the 20.3 percent appreciation of the prior month. Data released out of the Euro-Zone this morning showed manufacturing expanded for a 12th consecutive month in August, but at a slower pace than July's rate. The Euro- Zone Purchasing Managers Index for August came in at 53.9 versus 54.7 in July. The reading was below the 54.5 expected by analysts, but remember that any reading above 50.0 does indicate expansion in the index or any of its components. The Mortgage Bankers Association (MBA) Refinancing Index for the week ending August 28 fell 1.1 percent, adding to last week's eight percent fall off. The purchase index, however, rose by 0.1 percent. Overall the MBA Market Index fell 0.6 percent on the week. At 10:00 a.m., August rendition of the Institute of Supply Management (ISM) Manufacturing Index is expected to slip a bit to 60.0 from July's 62.0. Keep in mind that the Chicago manufacturing report, although still demonstrating growth, came in beneath analysts' expectations. 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 While the US stock market treads water this week, news from the REIT world may be aiding the sector's rebound from spring lows. Private investment firm Cerberus Capital Management is set to acquire LNR Property in a $3.8 billion deal. This comes after the $12.6 billion deal that General Growth Properties struck with rival mall owner Rouse Group. With over 300 publicly traded REITs in the US, they're attractive investments, since they're liquid and are required by law to pay out at least 90% of their earnings in dividends. Though REITs declined earlier this year, with the Morgan Stanley REIT Index falling 20% between April and May, the sector is becoming increasingly popular as Treasury yields continue to edge higher. At the 247Profits investment group, one of the team's best-performing plays is a REIT recommended back in July 2001. At that time, Impac Mortgage Holdings traded between $7 and $8 per share. It now trades for $25.81. While that alone would have produced a tremendous return on investment, additional upside emanated from the earnings paid to investors in the form of regular dividends. And Impac is one of the best in the business, with an 11.8% annual dividend yield ($3 per share). In addition, the company boasts a highly-impressive profit margin of 47% and operating margin of 39%. And reflecting those generous dividend payments and rock-solid financials, management gets credit by way of a 41% return-on- equity. 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 7:00 a.m.: MBA Refinancing Index for the week ending August 28(last minus 8 percent). 10:00 a.m.: August Institute of Supply Management (ISM) Manufacturing Index (last 62.0). 10:00 a.m.: July Construction Spending (last minus 0.3 percent). Throughout the session: August Auto Sales. 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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