MORNING UPDATE: Man Securities Issues Alerts for MU, RHAT, BE, GTW, and MSO
December 21 2004 - 10:05AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for MU, RHAT, BE, GTW,
and MSO CHICAGO, Dec. 21 /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 MU, RHAT, BE, GTW, and MSO,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "The likelihood of bank profits rising in the
next few years at rates similar to the last four is zero." --
Richard Bove, analyst, Punk, Ziegel & Co. New PriceWatch Alerts
for MU, RHAT, BE, GTW, and MSO... PRICEWATCH ALERTS - HIGH RETURN
COVERED CALL OPTIONS ----------- -- Micron Technology, Inc.
(NYSE:MU) Last Price 11.35 - APR 10.00 CALL OPTION@ $1.80 -> 4.7
% Return assigned* -- Red Hat, Inc. (NASDAQ:RHAT) Last Price 14.85
- MAR 12.50 CALL OPTION@ $3.10 -> 6.4 % Return assigned* --
BearingPoint, Inc. (NYSE:BE) Last Price 7.69 - APR 7.50 CALL
OPTION@ $0.65 -> 6.5 % Return assigned* -- Gateway, Inc.
(NYSE:GTW) Last Price 5.77 - MAR 5.00 CALL OPTION@ $1.30 -> 11.9
% Return assigned* -- Martha Stewart Living Omnimedia, Inc.
(NYSE:MSO) Last Price 25.70 - JAN 25.00 CALL OPTION@ $2.30 ->
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, "Is Your Investment Portfolio Disaster Proof? -
Insights, Stocks, And Strategies." go to:
http://www.investorsobserver.com/FREEDP NOTE: All stocks and
options shown are examples only. These are not recommendations to
buy or sell any security. NEWS LEADERS AND LAGGARDS So far today,
American Healthways, Inc. and Agilent Technologies, Inc. lead the
list of companies with the most news stories, while Gasco Energy,
Inc. and American International Ventures are showing a spike in
news. IAC/InterActiveCorp., Progress Software and Barr
Pharmaceuticals have the highest srtIndex scores to top the list of
companies with positive news, while Exar Corp. and Agilent
Technologies lead the list of companies with negative news reports.
Google Inc. has popped up with a high positive news sraIndex score.
To learn more about how our patent pending SmartReadMX technology
continuously reads business news and identifies the best potential
investment opportunities to keep you ahead of the pack go to:
http://gowssp.com/go/mu MARKET OVERVIEW Overseas markets are mixed
this morning with European markets decidedly negative and Asian
markets in the green. The FTSE has managed to keep its head above
the water and is currently up 0.10% disregarding losses in the
tobacco sector. The Nikkei closed at 11125.92 up 0.20% despite poor
news on the economy. The Hang Seng closed slightly in negative
territory after losing 0.23%. However analysts expect a year end
rally to propel the index higher. There's no stopping the BSE
Sensex as it recorded yet another all time high of 6,461.64 before
closing higher by 48.30 points. The December future contract on the
30-year bond was up 13/32 in yesterday's trading. Treasuries were
higher, still happy about the inflation data that showed price
levels remain in check. Nevertheless, bonds came off their highs as
Richmond Federal Reserve President Jeffrey Lacker said the Fed
might hike interest rates more often than first thought. The yields
on the 2- year and 10-year notes stood at 3.033 percent and 4.187
percent, respectively. The yield on the two-year rose, while the
yield on the ten-year fell, with their prices moving in opposite
directions. The 2-30 year yield spread stood 178 basis points. 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 Not much good cheer from the US government on Monday.
For 2006, the CEA sees a decline from 2.3 million new jobs to 2.1
million, with losses also projected for 2008 and 2009. At the
current rate, a 2.1 million annual increase would equate to 175,000
jobs per month. Not bad, but not that great, either. The CEA also
passed judgment on US GDP, projecting 3.5% growth for 2005 and 3.4%
in 2006. George Bush also prepared America for a round of spending
cuts in order to achieve his goal of slashing the country's budget
deficit in half within five years. The Congressional Budget Office
projects US$2.3 trillion worth of deficits within the next decade.
As Bush and his economic team work on the budget for fiscal 2006
(due to be sent to Congress by February), he also warned that there
would be "difficult choices" on Social Security reform. Elsewhere,
the NASDAQ will soon offer US$100 million worth of its own shares
on its own exchange. This will mean giving up its current spot on
the OTC:BB (over-the-counter bulletin board). This move comes ahead
of a similar decision from the NYSE, and gives the NASDAQ a higher
profile. This should boost trading volume in NASDAQ shares, which
climbed around 25% on the news. Earlier this year, the Chicago
Mercantile Exchange did the same -- a decision that led to its
shares soaring 230% to around US$224 apiece. 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
7:45 a.m.: ICSC-UBS Store Sales Index for last week (last plus
1.2%) 8:55 a.m.: Redbook Retail Sales Index for last week (last
minus 0.8%) 10:00 a.m.: November Chicago Fed National Activity
Index (last plus 0.52) 6:30 p.m.: ABC/Money Consumer Confidence for
last week (last minus 6) Motley Fool Investing Alert for 2005 -
"The Case Against Mutual Funds" - New FREE report details a more
successful way for you to invest your money.
http://www.investorsobserver.com/phillips 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:
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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
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Investing Alert for 2005 Learn why funds virtually force you to own
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MISSING OUT on Wall Street's big winners.
http://www.investorsobserver.com/phillips 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:
John Gannon of Man Securities, +1-800-837-6212 Web site:
http://www.mansecurities.com/mu.html
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