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MORNING UPDATE: Man Securities Issues Alerts for MSFT, NVDA,
ATYT, CD, and HLTH
CHICAGO, Aug. 9 /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 MSFT, NVDA, ATYT, CD, and HLTH, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"Oil is spiking now mostly for technical reasons. There isn't any real demand
or economic reason for it to do so. There's a little oil bubble here."
-- Edgar Peters, chief investment officer, PanAgora Asset Management
New PriceWatch Alerts for MSFT, NVDA, ATYT, CD, and HLTH...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Microsoft Corp. (NASDAQ:MSFT)
Last Price 27.14 - OCT 27.50 CALL OPTION@ $0.90 -> 4.8 % Return
assigned*
-- NVIDIA Corp. (NASDAQ:NVDA)
Last Price 9.43 - DEC 7.50 CALL OPTION@ $2.40 -> 6.7 % Return assigned*
-- ATI Technologies Inc. (NASDAQ:ATYT)
Last Price 14.40 - NOV 12.50 CALL OPTION@ $2.45 -> 4.6 % Return
assigned*
-- Cendant Corp. (NYSE:CD)
Last Price 21.46 - NOV 20.00 CALL OPTION@ $2.25 -> 4.1 % Return
assigned*
-- WebMD Corp. (NASDAQ:HLTH)
Last Price 7.70 - SEP 7.50 CALL OPTION@ $0.55 -> 4.9 % 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
The U.S. Dollar Index fell 1.28 points on Friday in the wake of extremely weak
jobs data relative to expectations. Non-farm payrolls added 32,000 for the
month of July, falling far short of economists' expectations for a 215,000
increase. The Dollar Index gapped below its 10 and 20-day moving averages and
closed the week below its 10 and 20-week moving averages. This is quite
bearish for the greenback from a technical standpoint. If the economic outlook
fails to improve, the dollar may continue to struggle. The Federal Reserve
will not move very quickly to raise interest rates as long as the strength of
the economy is in question. This does not bode well for the buck, as foreign
investors will avoid the paltry returns on dollar-denominated assets.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. For more details and to sign up, go to:
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DYNAMIC MARKET OPPORTUNITIES
It appears the U.S. budget deficit will easily smash the record $374 billion
total set in fiscal 2003. According to the latest Congressional Budget Office
forecast, the figure will balloon to $422 by the end of fiscal 2004 on
September 30. However, this is at least lower than the previous $477 billion
estimate, thanks to higher tax receipts. This is likely to be an increasingly
hot issue in the run up to November's presidential election. George Bush blames
the debt on recession, war and increased funding to fight terrorism. But John
Kerry says the high deficit endangers the U.S. economy and says Bush acted
recklessly in authorizing the $1.7 billion tax cut package. Elsewhere, the
market suffered another pummeling after July's miserable job report (just
32,000 new jobs), with Canada also enduring a paltry 8,700 job rise in July --
well short of the estimated 25,000 and second quarter monthly average of
43,000. With a drop of 38,900 positions, July marked the first time in 11
months that full-time hiring fell, with virtually all the job losses coming
from the service sector. Manufacturing remained solid however, with a gain of
20,700 jobs -- the biggest gain in 21 months and a good sign that Canada's
export market will also remain strong. Oil company KCS Energy continued to take
advantage of tight oil supplies and surging prices, reporting a 12% increase in
second quarter operating income. For the first six months of 2004, operating
income totaled $47.7 million over $39.7 million from January-June 2003 -- a 20%
advance.
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TODAY'S ECONOMIC CALENDAR
8:30 a.m.: July Non-farm Payrolls (seen at plus 215,000, last
plus 112,000).
8:30 a.m.: July Unemployment Rate (seen at 5.6 percent, last
5.6 percent).
9:40 a.m.: July ECRI Inflation Gauge (last 117.6).
3:00 p.m.: June Consumer Credit (seen at plus $3.5 billion, last
plus $8.2 billion).
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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.
http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO
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DATASOURCE: Man Securities
CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212
Web site: http://www.mansecurities.com/mu.html