Ati (NASDAQ:ATYT)
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From Jun 2019 to Jun 2024
MORNING UPDATE: Man Securities Issues Alerts for JNPR, HD, OVTI,
BBBY, and ATYT
CHICAGO, June 24 /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 JNPR, HD, OVTI, BBBY, and ATYT, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"A range-bound market makes sense, given all the uncertainty."
-- Jack Caffrey, equity strategist, J.P. Morgan Private Bank
New PriceWatch Alerts for JNPR, HD, OVTI, BBBY, and ATYT...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Juniper Networks Inc. (NASDAQ:JNPR)
Last Price 23.35 - AUG 22.50 CALL OPTION@ $2.10 -> 5.9 % Return
assigned*
-- Home Depot Inc. (NYSE:HD)
Last Price 35.44 - NOV 35.00 CALL OPTION@ $2.35 -> 5.8 % Return
assigned*
-- OmniVision Technologies Inc. (NASDAQ:OVTI)
Last Price 16.06 - JUL 15.00 CALL OPTION@ $2.10 -> 7.4 % Return
assigned*
-- Bed Bath & Beyond Inc. (NASDAQ:BBBY)
Last Price 37.63 - AUG 37.50 CALL OPTION@ $1.80 -> 4.7 % Return
assigned*
-- ATI Technologies Inc. (NASDAQ:ATYT)
Last Price 16.79 - NOV 15.00 CALL OPTION@ $2.75 -> 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
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[ENTER] key)
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NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
MARKET OVERVIEW
Once again overseas markets are trading strongly in early session. Currently 14
of the 15 markets that we track are positive. The cumulative average return on
the group stands at a positive 0.861 percent bolstered by the explosive
314-point advance in the Hang Seng overnight. The Frankfurt DAX has once again
crossed above the significant 4,000 level. The index has been vacillating
around this level since the first of this calendar year, unable to completely
break free of its grasp.
We finally have some economic data today! At 8:30 a.m., we are expected to
learn that Initial Jobless Claims for the week ending June 19 rose by 4,000
versus the prior week's 15,000 decline. Recall that the unemployment offices
were closed for the observance of President Ronald Reagan's funeral, possibly
enhancing that 15,000 decline and adding to this current week's numbers.
Sharing the same time slot, May Durable Goods are expected to have advanced 1.2
percent, improving over the prior month's 3.2 percent decline. This figure
tends to be somewhat volatile and subject to revision. At 10:00 a.m., May New
Home Sales are expected to have risen by 3.0 percent, reversing some of the
prior month's larger than expected 11.8 percent decline to a seasonally
adjusted 1.093 million units. That fall-off represented the largest plunge in
some 10 years.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
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DYNAMIC MARKET OPPORTUNITIES
With just days to go before critical period that will probably see the US
Federal Reserve raise interest rates at least 0.25%, swiftly followed by the
handover of power to Iraq, we're not likely to see much from the bulls over the
next few days. But a contrarian forecast is provided by Brit Ryle, chief market
analyst at the Taipan Group's Money-Flow Matrix Trader investment service:
stocks will rally into the Fed's monetary policy meeting on Tuesday. With the
media awash with "interest rate fears," the markets trading in a very flat
range, it seems a 0.25% hike is already priced in. Nevertheless, the potential
for a brief rally is possible. Elsewhere, FedEx's latest earnings report
provided very bullish evidence in favor of the economic recovery. Citing
stronger demand for delivery services, the company's fourth quarter net income
soared 47% to US$412 million ($1.36 per share) from the $280 million (92 cents
per share) posted a year earlier. Revenue climbed 21% to $7.04 billion from
$5.83 billion. For the full year, net income finished at $838 million ($2.76
per share) from $830 million ($2.74 per share). Revenue rose almost 10% to
$24.71 billion from $22.49 billion. For guidance, FedEx expects to see broad
sector improvement, as well as $4.20 to $4.40 EPS for the full year.
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TODAY'S ECONOMIC CALENDAR
8:30 a.m.: Initial Jobless Claims for the week ending June 19 (last
minus 15,000).
8:30 a.m.: May Durable Goods (last minus 3.2 percent).
9:00 a.m.: Fed Gov Gramlich attends Concord Coalition's Budget and Fiscal
Policy Conference on Reducing Budget Deficits in Washington.
10:00 a.m.: May New Home Sales (last minus 11.8 percent).
10:00 a.m.: May Conference Board Help Wanted Index (last 38).
10:00 a.m.: Treasury Under-Secretary Roseboro holds joint press conference
on the Secure Financial Transaction Infrastructure Service in
New York.
10:00 a.m.: DJ-BTM Business Barometer for the week ending June 19 (last
minus 1.1 percent).
1:00 p.m.: Treasury Assistant Secretary Abernathy attends MasterCard
Global Risk Management Symposium in San Diego, California.
4:30 p.m.: Money Supply for the week ending June 19.
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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.
Web site: http://www.mansecurities.com/mu.html
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DATASOURCE: Man Securities
CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212