MORNING UPDATE: Man Securities Issues Alerts for MOT, MCDTA, KLAC, SWKS, And PRU
November 05 2003 - 9:22AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for MOT, MCDTA, KLAC,
SWKS, And PRU CHICAGO, Nov. 5 /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 MOT, MCDTA, KLAC, SWKS, and PRU,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "Risk comes from not knowing what you're
doing." -- Warren Buffett New PriceWatch Alerts for MOT, MCDTA,
KLAC, SWKS, and PRU... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL
OPTIONS ----------- -- Motorola Inc. (NYSE:MOT) Last Price 13.95 -
JAN 14.00 CALL OPTION@ $0.80 -> 6.5 % Return assigned* -- McDATA
Corporation Class A (NASDAQ:MCDTA) Last Price 9.63 - APR 7.50 CALL
OPTION@ $2.75 -> 9 % Return assigned* -- KLA-Tencor Corp.
(NASDAQ:KLAC) Last Price 58.98 - JAN 55.00 CALL OPTION@ $6.50 ->
4.8 % Return assigned* -- Skyworks Solutions Inc. (NASDAQ:SWKS)
Last Price 8.78 - FEB 7.50 CALL OPTION@ $2.05 -> 11.4 % Return
assigned* -- Prudential Financial Inc. (NYSE:PRU) Last Price 38.05
- MAR 37.50 CALL OPTION@ $2.15 -> 4.5 % 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, "WiFi - The Buzz, The Facts, and a Company That
Could Be The Next Microsoft", go to:
http://www.investorsobserver.com/freewifimu NOTE: All stocks and
options shown are examples only. These are not recommendations to
buy or sell any security. MARKET OVERVIEW Overseas markets are
looking quite hesitant in early trade this morning, as just one of
the 15 markets that we track is currently positive. The cumulative
average return on the group stands at a minus 0.755 percent. The
service sector in Germany expanded for a third consecutive month in
October. The October Purchasing Managers Services Index came in at
53.7 improving from September's 52.4 and exceeding expectations for
53.0. The services sector accounts for approximately 62 percent of
Germany's Gross Domestic Product. At 10:00 a.m. today, Federal
Reserve Chairman Greenspan testifies before U.S. Senate Banking
Committee on the status of the banking industry in Washington.
Sharing the same time slot is the release of the October ISM Non-
Manufacturing Index, which is expected to rise to 65.5 from the
63.3 booked in September. This index has been below 50 (the
demarcation point between expansion and contraction) only once this
year, that being the 47.9 posted in March. Going one-step further,
the composite index was last below 60 in May with a reading of
54.5. Also at 10:00 a.m., September Factory Orders are expected to
rise by 0.4 percent, reversing August's surprise 0.8 percent
decline. As an additional incentive to stay tuned, Cisco Systems
will report its first quarter earnings after the market close
today. Currently the Street is looking for 15-cents per shares on
revenue of $4.8 billion. Aside from the top and bottom line
numbers, rhetoric has it that the "comments" by Chambers are just
as important. This report is the talk of the town for tech and will
be a motivational speech for traders in tomorrow's session. Now
while we still have a full day of trade before the release, Cisco
put options traded 5.8 times their average volume yesterday with
78,480 contracts trading on the November 20 put alone. 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 TODAY'S ECONOMIC CALENDAR
7:00 a.m.: MBA Refinancing Index (last plus 4.9 percent). 9:00
a.m.: Treasury refunding announcement. 10:00 a.m.: Federal Reserve
Chairman Greenspan testifies before U.S. Senate Banking Committee
on the status of the banking industry in Washington. 10:00 a.m.:
October ISM Non-Manufacturing Index (seen at 65.5, last 63.3).
10:00 a.m.: Quarterly refunding press briefing in Washington. 10:00
a.m.: September Factory Orders (seen at plus 0.4 percent, last
minus 0.8 percent) 3:00 p.m.: Philadelphia Fed President Santomero
speaks on monetary policy at University of Pennsylvania forum in
Philadelphia. 6:00 p.m.: Federal Reserve Governor Bies gives
welcoming remarks at Conference of State Bank Supervisor's State
Banking Summit in Washington. 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.mansecurities.com/mu.html. 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 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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