Biomet (NASDAQ:BMET)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Biomet Charts. Click Here for more Biomet Charts.](/p.php?pid=staticchart&s=N%5EBMET&p=8&t=15)
MORNING UPDATE: Man Securities Inc. Issues Alerts for RMBS, ASKJ,
SDS, CCL, and BMET
CHICAGO, March 22 /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 RMBS, ASKJ, SDS, CCL, and BMET, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"It's going to be very difficult for equities to mount any kind of substantial
rally with oil sitting at $57 a barrel."
-- Ted Oberhaus, manager of equity trading, Lord Abbett & Co.
New PriceWatch Alerts for RMBS, ASKJ, SDS, CCL, and BMET...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Rambus Inc. (NASDAQ:RMBS)
Last Price 17.03 - MAY 15.00 CALL OPTION@ $2.85 -> 5.8 % Return
assigned*
-- Ask Jeeves Inc. (NASDAQ:ASKJ)
Last Price 28.67 - SEP 25.00 CALL OPTION@ $5.10 -> 6.1 % Return
assigned*
-- SunGard Data Systems, Inc. (NYSE:SDS)
Last Price 31.07 - JUL 30.00 CALL OPTION@ $2.50 -> 5.0 % Return
assigned*
-- Carnival Corp. Class A (NYSE:CCL)
Last Price 51.59 - JUL 50.00 CALL OPTION@ $3.60 -> 4.2 % Return
assigned*
-- Biomet Inc. (NASDAQ:BMET)
Last Price 40.25 - JUL 37.50 CALL OPTION@ $4.30 -> 4.3 % 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, Lennar Corp., Masco Corp., and Tessera Technologies lead the list
of companies with the most news stories while Williams-Sonoma Inc. and Retek
Inc. are showing a spike in news. Biomet Inc., KB Home, and Wyeth have the
highest srtIndex scores to top the list of companies with positive news while
Electronic Arts Inc. and Alcoa Inc. lead the list of companies with negative
news reports. Oracle Corp. has popped up with a high positive news sraIndex
score.
For the FREE article titled, "Earnings Season Decoded - An Essential 15 Point
Checklist For Finding Winning Stocks." go to:
http://www.wallstreetsecretsplus.com/go/freemu/
MARKET OVERVIEW
The U.S. Dollar Index added 0.06 points in trading yesterday ahead of this
afternoon's Fed announcement. Confidence is running high that the Federal
Reserve will once again increase interest rates by 25 basis points at its
meeting today. Another increase should prove to be a boon for the dollar, as
higher interest rates makes investing in dollar-denominated issues more
attractive. In early trading, the dollar is slightly lower against the euro.
The April contract on sweet crude oil edged 32 cents per barrel higher on
Friday. News was mixed in the oil pits on Monday, as threats of an oil-worker
strike in Nigeria (a key crude producing member of OPEC) counterbalanced
another prospective output hike from OPEC. Nigerian workers reportedly intend
to strike for three days beginning April 11 in protest of working conditions.
Saudi Arabia's oil minister -- Ali al-Naimi, stated that his country wants to
relieve concerns regarding global oil supplies and has 1.5 million barrels of
spare capacity that it could use to stem rising prices. So far this morning,
the May crude contract is down eight cents at $57.38.
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
Just one day before the Federal Reserve is expected to raise interest rates for
the seventh straight time since June 2004 (to 2.75%), the stock market spent
Monday firmly in the red. This is interesting, considering that monetary policy
has become carefully choreographed, with a lack of suspense accompanying each
decision. In fact, futures contracts indicate the bankers will raise interest
rates by 0.25% in May, June and August. Today and Wednesday will also see the
US Labor Department release the latest set of inflation data. The figures are
projected to show a 0.1% rise in the February Producer Price Index, with
overall consumer prices climbing 0.3% last month, and a 0.2% increase in the
"core" rate (which excludes heavily fluctuating items like energy and food).
Elsewhere, there were interesting results from the latest survey of 172 members
of the National Association for Business Economics. According to the results,
what was the top economic fear among American companies -- that being the
persistent threat of another terrorist attack -- has now waned and been
displaced by the budget deficit. Over one- quarter of respondents said
America's enormous deficit now poses the greatest risk to the American economy.
That was up 4% from the previous survey, taken in August 2004. Those citing the
current account deficit as the most serious economic risk tripled from just 5%
in August to 15% today. However, just 17% said the government is getting fiscal
policy correct, but over 75% believe spending and taxation is too stimulative.
And while a similar number expressed grave concerns about the Social Security
woes, the chances of the government pushing through major reforms within the
next couple of years is a relatively low 36%. Somewhat surprisingly, the
percentage of companies who put terrorism at the top of their list of economic
concerns dropped from 40% to 24%. What isn't a surprise, however, is the rise
in the proportion of people citing energy as a top worry -- from 6% in August
to 11% now.
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
8:30 a.m. Producer Price Index (PPI)
8:30 a.m. PPI, ex-food and energy
2:15 p.m. Federal Open Market Committee meeting; interest rate decision
expected
Actively track stocks with Quote.com's QCharts and get the real time quotes and
streaming technical charts you need to keep up with the market. For your free
30-day trial go to: http://www.investorsobserver.com/MUQuote1
Man Securities Inc. 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. CRD# 6731
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
Quote.com QCharts- Real time quotes and streaming technical charts to keep you
up with the market. Analyze, predict, and stay ahead. For a Free 30 day trial
go to: http://www.investorsobserver.com/MUQuote2
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.investorsobserver.com/poweropt
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 Inc., +1-800-837-6212
Web site: http://www.mansecurities.com/mu.html