MORNING UPDATE: Man Securities Issues Alerts for JNPR, HD, OVTI, BBBY, and ATYT
June 24 2004 - 10:05AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for JNPR, HD, OVTI,
BBBY, and ATYT CHICAGO, June 24 /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 JNPR, HD, OVTI, BBBY, and ATYT,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "A range-bound market makes sense, given all
the uncertainty." -- Jack Caffrey, equity strategist, J.P. Morgan
Private Bank New PriceWatch Alerts for JNPR, HD, OVTI, BBBY, and
ATYT... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
----------- -- Juniper Networks Inc. (NASDAQ:JNPR) Last Price 23.35
- AUG 22.50 CALL OPTION@ $2.10 -> 5.9 % Return assigned* -- Home
Depot Inc. (NYSE:HD) Last Price 35.44 - NOV 35.00 CALL OPTION@
$2.35 -> 5.8 % Return assigned* -- OmniVision Technologies Inc.
(NASDAQ:OVTI) Last Price 16.06 - JUL 15.00 CALL OPTION@ $2.10 ->
7.4 % Return assigned* -- Bed Bath & Beyond Inc. (NASDAQ:BBBY)
Last Price 37.63 - AUG 37.50 CALL OPTION@ $1.80 -> 4.7 % Return
assigned* -- ATI Technologies Inc. (NASDAQ:ATYT) Last Price 16.79 -
NOV 15.00 CALL OPTION@ $2.75 -> 6.8 % 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 Once again overseas
markets are trading strongly in early session. Currently 14 of the
15 markets that we track are positive. The cumulative average
return on the group stands at a positive 0.861 percent bolstered by
the explosive 314-point advance in the Hang Seng overnight. The
Frankfurt DAX has once again crossed above the significant 4,000
level. The index has been vacillating around this level since the
first of this calendar year, unable to completely break free of its
grasp. We finally have some economic data today! At 8:30 a.m., we
are expected to learn that Initial Jobless Claims for the week
ending June 19 rose by 4,000 versus the prior week's 15,000
decline. Recall that the unemployment offices were closed for the
observance of President Ronald Reagan's funeral, possibly enhancing
that 15,000 decline and adding to this current week's numbers.
Sharing the same time slot, May Durable Goods are expected to have
advanced 1.2 percent, improving over the prior month's 3.2 percent
decline. This figure tends to be somewhat volatile and subject to
revision. At 10:00 a.m., May New Home Sales are expected to have
risen by 3.0 percent, reversing some of the prior month's larger
than expected 11.8 percent decline to a seasonally adjusted 1.093
million units. That fall-off represented the largest plunge in some
10 years. 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 With just days to go before critical period
that will probably see the US Federal Reserve raise interest rates
at least 0.25%, swiftly followed by the handover of power to Iraq,
we're not likely to see much from the bulls over the next few days.
But a contrarian forecast is provided by Brit Ryle, chief market
analyst at the Taipan Group's Money-Flow Matrix Trader investment
service: stocks will rally into the Fed's monetary policy meeting
on Tuesday. With the media awash with "interest rate fears," the
markets trading in a very flat range, it seems a 0.25% hike is
already priced in. Nevertheless, the potential for a brief rally is
possible. Elsewhere, FedEx's latest earnings report provided very
bullish evidence in favor of the economic recovery. Citing stronger
demand for delivery services, the company's fourth quarter net
income soared 47% to US$412 million ($1.36 per share) from the $280
million (92 cents per share) posted a year earlier. Revenue climbed
21% to $7.04 billion from $5.83 billion. For the full year, net
income finished at $838 million ($2.76 per share) from $830 million
($2.74 per share). Revenue rose almost 10% to $24.71 billion from
$22.49 billion. For guidance, FedEx expects to see broad sector
improvement, as well as $4.20 to $4.40 EPS for the full year.
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 8:30 a.m.: Initial Jobless Claims for the week ending June
19 (last minus 15,000). 8:30 a.m.: May Durable Goods (last minus
3.2 percent). 9:00 a.m.: Fed Gov Gramlich attends Concord
Coalition's Budget and Fiscal Policy Conference on Reducing Budget
Deficits in Washington. 10:00 a.m.: May New Home Sales (last minus
11.8 percent). 10:00 a.m.: May Conference Board Help Wanted Index
(last 38). 10:00 a.m.: Treasury Under-Secretary Roseboro holds
joint press conference on the Secure Financial Transaction
Infrastructure Service in New York. 10:00 a.m.: DJ-BTM Business
Barometer for the week ending June 19 (last minus 1.1 percent).
1:00 p.m.: Treasury Assistant Secretary Abernathy attends
MasterCard Global Risk Management Symposium in San Diego,
California. 4:30 p.m.: Money Supply for the week ending June 19.
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 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. Web site: http://www.mansecurities.com/mu.html
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
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