MORNING UPDATE: Man Securities Issues Alerts for MOT, PETM, MRVL, CDN, and NEM...
August 20 2004 - 10:27AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for MOT, PETM, MRVL,
CDN, and NEM... CHICAGO, Aug. 20 /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 MOT, PETM, MRVL, CDN, and NEM,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "The recovery in equity markets has primarily
been driven by bargain hunting ... what we need now are the
fundamentals for a lasting rally." -- Bernard Walschots strategist,
Rabobank New PriceWatch Alerts for MOT, PETM, MRVL, CDN, and NEM...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Motorola
Inc. (NYSE:MOT) Last Price 15.62 - OCT 15.00 CALL OPTION@ $1.35
-> 5.1 % Return assigned* -- PETsMART, Inc. (NASDAQ:PETM) Last
Price 28.36 - JAN 25.00 CALL OPTION@ $4.70 -> 5.7 % Return
assigned* -- Marvell Technology Group Ltd. (NASDAQ:MRVL) Last Price
21.72 - SEP 20.00 CALL OPTION@ $2.55 -> 4.3 % Return assigned*
-- Cadence Design Systems, Inc. (NYSE:CDN) Last Price 11.73 - JAN
10.00 CALL OPTION@ $2.35 -> 6.6 % Return assigned* -- Newmont
Mining Corp. (NYSE:NEM) Last Price 44.03 - SEP 45.00 CALL OPTION@
$1.10 -> 4.8 % 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 Overseas markets seem to
be suffering from oil shock as just one of the 15 markets that we
track has managed positive. The cumulative average return on the
group stands at a negative 0.423 percent. Positive news out of
Japan has failed to overcome the potential of rising oil prices on
that nation. Production of crude steel rose 3.1 percent in July
from a year earlier to 9.55 million tons. That figure also
constitutes a 1.4 percent on-month increase. Economic activity rose
0.6 percent on month in June and 1.8 percent on quarter in the
April-June period. The data suggest the economy is still growing,
with industrial activity easily outstripping the surprisingly weak
0.4 percent on-quarter rise in gross domestic product announced
last week. The index, a supply-side measure of the economy, was
better than the average forecast calling for activity to be flat on
month. The Nikkei exited this week higher by 1.23 percent and
currently stands higher by 1.99 percent year- to-date. Traders
today will be guided neither by economic data nor scheduled
earnings events, as those calendars resemble old Mother Hubbard's
cupboard. Certainly appears as if OIL will guide today's markets,
possibly setting up a slippery path along that particular area of
concerns for the market and the economy. Today is options
expiration for the August series and could present some interesting
trading reactions in highly optioned, lightly traded issues.
Needless to say, if you are involved in an August option position,
make sure that you deal with it in an appropriate fashion as they
go away forever after today's market close. 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 The world's second-largest mobile phone manufacturer,
Motorola, said this week it expects a strong finish to 2004 as it
prepares to launch 20 new phone models with fresh, innovative
features. If successful, it should help the company extend what has
been a solid year so far. Second quarter sales surged 41% as it
continued to grab market share from No. 1 manufacturer Nokia. The
mobile phone sector is still red-hot. Sales are expected to hit 600
million this year from 520 million in 2003. Camera phones are
expected to account for one-third of that. And by 2007, mobile
users will climb to two billion - 300 million of whom will come
from the rapidly growing Asia-Pacific region. Look out for an
intense market share battle to rage here. Elsewhere in Asia, and
somewhat lost among the news of conflict in Iraq, surging oil
prices, Google's long-awaited IPO and the presidential election
race, are fears that avian bird flu is beginning to resurface
again. The news isn't all bad, however. Ian Cooper, chief trading
director at the Taipan Group's Extreme Volatility Speculator
investment service, alerted his investors to Chiron on Tuesday this
week. The company was just awarded a contract to develop a vaccine
against the H9N2 strain of the bird flu. After taking a while to
filter down, investors finally bought into the good news and have
sent the stock on a good run. Intending Chiron to be a short-term
play, Cooper bought October Calls on the company and is up around
30% so far. The Extreme Volatility Speculator has prepared an
investor's briefing report. Access this FREE REPORT - and start
receiving profitable investment advice right here:
http://www.investorsobserver.com/agora7 TODAY'S ECONOMIC CALENDAR
No major economic indicators scheduled. 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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