MORNING UPDATE: Man Securities Issues Alerts for AMAT, GTW, PDLI, ONNN, And CCL
February 19 2004 - 9:32AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for AMAT, GTW, PDLI,
ONNN, And CCL CHICAGO, Feb. 19 /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 AMAT, GTW, PDLI, ONNN, and CCL,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "The power to change Washington rests not in
my hands, but in yours. Always remember, you have the power to take
our country back." -- Howard Dean, Governor New PriceWatch Alerts
for AMAT, GTW, PDLI, ONNN, and CCL... PRICEWATCH ALERTS - HIGH
RETURN COVERED CALL OPTIONS -- Applied Materials Inc. (NASDAQ:AMAT)
Last Price 22.31 - MAR 22.50 CALL OPTION@ $1.10 -> 6.1 % Return
assigned* -- Gateway Inc. (NYSE:GTW) Last Price 5.35 - MAR 5.00
CALL OPTION@ $0.60 -> 5.3 % Return assigned* -- Protein Design
Labs Inc. (NASDAQ:PDLI) Last Price 23.05 - MAR 22.50 CALL OPTION@
$1.60 -> 4.9 % Return assigned* -- ON Semiconductor Corp.
(NASDAQ:ONNN) Last Price 8.06 - APR 7.50 CALL OPTION@ $0.90 ->
4.7 % Return assigned* -- Carnival Corp. Class A (NYSE:CCL) Last
Price 45.11 - APR 45.00 CALL OPTION@ $2.05 -> 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, "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
performing quite well this morning as 14 of the 15 markets that we
track are currently positive. The cumulative average return on the
group stands at a plus 0.594 percent. The France CAC 40 Index has
moved to a fresh 52-week high and a level not seen since early July
of 2002. Real Gross Domestic Product in the fourth quarter in
Germany rose by 0.2 percent over the third quarter, which rose by
0.2 percent over its prior quarter. Exports, which had been the
main driver in the third quarter (rising by 3.8 percent), rose by
just 0.3 percent in Q4. Imports (which detract from GDP) rose by
2.7 percent in the quarter. This should magnify the potential
threat to continued growth of the rising euro. A reasonable amount
of economic data today and a well-rounded grouping of earnings
releases should give investors a little something to ponder. Before
the market open at 8:30 a.m., Initial Jobless Claims for the week
ending February 14 are seen declining by 9,000, overcoming the
prior week's surprise 6,000 rise to a seasonally adjusted two month
high of 363,000. Sharing the same time slot, a feel for inflation
at the manufacturing level via the tandem January Producer Price
reports. The January Producer Price Index is expected to have risen
by 0.4 percent, creeping higher from the 0.3 percent rise in
December. The Core Index, less food and energy, is seen at a more
temperate plus 0.1 percent, matching on a percentage basis the
prior month's rise. At 10:00 a.m., the Conference Board's January
Leading Economic Indicators is seen rising by 0.4 percent, coming
on the heels of December's 0.2 percent rise to 114.3. The December
reading was said to be 2.5 percent above the prior high in the
index set in May 2002. In the December report, seven out of 10
indicators rose. The biggest positive contributors to the index
were vendor performance, stock prices, building permits and falling
claims for unemployment insurance. The biggest negative contributor
was a drop in money supply. This index was designed to predict
future economic growth and was equal to 100 in 1996. At noon, the
February Philadelphia Fed Index on business conditions is seen
cooling slightly to 36.0 from January's 38.8 reading. On Tuesday it
was reported that the New York Federal Reserve manufacturing survey
surged to a record high of 42.05 in February. In these reports, any
reading greater than zero denotes expansion in that index or
component. Finally, a live voice out of the Federal Reserve inner
circle at 1:30 p.m. as Chicago Fed President Moskow speaks on the
economic outlook in Chicago. 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 It's been tough for Abercrombie & Fitch recently.
Besides the uproar over its controversial catalog which forced the
company to terminate production in December, it has also endured a
desperate sequence of falling sales. But the best time to buy a
stock is when it has few friends. Given the company's solid
profit/operating margins and management team that doesn't resort to
mass discounting when times get tough, Martin Denholm, financial
editor at the Taipan Group, bought at $28.83 in late November. Even
as the stock slumped 20%, he remained confident. And after
gradually clawing back its losses, traders were rewarded Wednesday.
Abercrombie posted profits of $94.3 million (96 cents per share),
bettering estimates by a penny. Net sales increased 4.8% to $560.4
million. And despite a drop in same store sales, the overall strong
earnings and the announcement of 50 cents-per-share annual dividend
quickly pacified the news. Shareholders will see the first 12.5
cents payment by March 30. Investors jumped on the news. And after
a Wachovia upgrade, they lifted Abercrombie up 9.2% to $30.79.
Denholm's traders are now sitting on a 6.8% gain. Martin Denholm
writes for the Taipan Group's FREE daily e-Dispatch. To sign up and
receive information on where to invest your money, read incisive
daily political, economic, and market commentary, and gain access
to a network of financial experts, follow this link:
http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR
8:30 a.m.: Initial Jobless Claims for the week ending February 14
(last plus 6,000). 8:30 a.m.: January Producer Price Index (last
plus 0.3 percent). 8:30 a.m.: January Producer Price Core Index,
less food and energy (last minus 0.1 percent). 10:00 a.m.: DJ-BTM
Business Barometer for the week ending February 14 (last minus 0.2
percent). 10:00 a.m.: January Leading Economic Indicators (last
plus 0.2 percent). 12:00 p.m.: February Philadelphia Fed Index.
1:30 p.m.: Chicago Fed Pres Moskow speaks on the economic outlook
in Chicago. 4:30 p.m.: Money Supply. 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
expertsand 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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