MORNING UPDATE: Man Securities Issues Alerts for CSCO, GILD, STX, VRTSE, and CECO
April 26 2004 - 10:16AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for CSCO, GILD, STX,
VRTSE, and CECO CHICAGO, April 26 /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 CSCO, GILD, STX, VRTSE, and CECO,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "I think the concern over rising interest
rates is ahead of itself because I think inflationary fears
themselves might be premature." -- Sung Won Sohn, economist, Wells
Fargo & Co New PriceWatch Alerts for CSCO, GILD, STX, VRTSE,
and CECO... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS --
Cisco Systems Inc. (NASDAQ:CSCO) Last Price 23.32 - JUL 22.50 CALL
OPTION@ $1.90 -> 5 % Return assigned* -- Gilead Sciences Inc.
(NASDAQ:GILD) Last Price 60.12 - JUN 60.00 CALL OPTION@ $3.00 ->
5 % Return assigned* -- Seagate Technology (NYSE:STX) Last Price
12.73 - JUN 12.50 CALL OPTION@ $0.95 -> 6.1 % Return assigned*
-- VERITAS Software Corp. (NASDAQ:VRTSE) Last Price 29.70 - MAY
30.00 CALL OPTION@ $1.05 -> 4.7 % Return assigned* -- Career
Education Corp. (NASDAQ:CECO) Last Price 67.58 - JUN 65.00 CALL
OPTION@ $5.80 -> 5.2 % 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
reflecting the lack of desire to move much in either direction.
Currently nine of the 15 markets that we track are positive with
the cumulative average return standing at a plus 0.062 percent.
German business sentiment picked up in April following two months
of declines. The Ifo business sentiment index rose to 96.3 in April
from 95.4 in March, besting economists' forecasts of 95.4 and the
long-term average of around 95.0. According to Ifo officials, the
latest survey results point to a continued, albeit moderate,
economic recovery, but it is still too early to speak of a solid
upturn. Only one piece of economic data today, at 10:00 a.m., March
New Home Sales are expected to have ticked lower by 0.8 percent
coming off of February's healthy 5.8 percent advance. Sharing the
10:00 a.m. spotlight, Federal Reserve Governor Olson speaks on the
redesigned U.S. $50 note in Fort Worth, Texas. At 11:00 a.m., Fed
Governor Bies speaks on corporate governance at a banking
conference in Las Vegas. And finally at 11:10 a.m., Chicago Fed
President Moskow speaks on the euro in Chicago. We have another
healthy dose of earnings to look forward to this week as over 580
companies covered by a minimum of three analysts are scheduled to
report (the number of companies would be far greater, but the
"three analysts rule" is used to make the term "consensus
estimates" a little more meaningful). 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 Spectrum Sciences is enjoying a bullish run on two
pieces of news. First, it will buy Inland Fabricators -- a company
engaged in large-scale pipe fabrication for the government and
private sector. Inland has about $5 million in revenue and will
provide Spectrum with revenues and pro-forma earnings. Spectrum
recently announced that it's begun work on AMRAMM missile
containers for the government -- a contract worth $3.7 million.
Spectrum notched up new highs last week, including a new 52-week
high of $3.47 on Friday. Investors at William Colburn's Value Edge
service are currently up 12%. Elsewhere, just as Wall Street was
beginning to have doubts, executives at Google are expected to
announce in a matter of days that its hotly- anticipated IPO will
finally go ahead. While size, dollars and the banks involved are
still a mystery, expect more information to come out very soon,
thanks to strict new SEC guidelines. Google is set to be the
biggest IPO since CIT Group Inc.'s $4.87 billion deal in July 2002.
Street rumors are valuing the deal as high as $25 billion, and
could scatter $100 million in fees across the market. The
nanotechnology revolution continues to spread across the globe. The
Profit Hog's Christian DeHaemer has written a comprehensive FREE
report. Read it immediately by following this link:
http://www.investorsobserver.com/agora6 TODAY'S ECONOMIC CALENDAR
10:00 a.m.: March New Home Sales (seen at minus 0.8 percent, last
plus 5.8 percent). 10:00 a.m.: Fed Gov Olson speaks on the
redesigned U.S. $50 note in Fort Worth, Texas. 11:00 a.m.: Fed Gov
Bies speaks on corporate governance at banking conference in Las
Vegas. 11:10 a.m.: Chicago Fed Pres Moskow speaks on the euro in
Chicago. 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.
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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