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MORNING UPDATE: Man Securities Issues Alerts for EBAY, CDE, KMRT, NTOP, And DHI
CHICAGO, Jan. 6 /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 EBAY, CDE, KMRT, NTOP, and DHI, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"Money was never a big motivation for me, except as a way to keep score. The
real excitement is playing the game."
-- Donald Trump
New PriceWatch Alerts for EBAY, CDE, KMRT, NTOP, and DHI...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- eBay Inc. (NASDAQ:EBAY)
Last Price 64.62 - FEB 65.00 CALL OPTION@ $3.30 -> 6 % Return assigned*
-- Coeur D'Alene Mines Corp. (NYSE:CDE)
Last Price 6.67 - MAR 5.00 CALL OPTION@ $1.90 -> 4.8 % Return assigned*
-- Kmart Holding Corp. (NASDAQ:KMRT)
Last Price 29.12 - MAR 25.00 CALL OPTION@ $5.30 -> 5 % Return assigned*
-- Net2Phone Inc. (NASDAQ:NTOP)
Last Price 7.67 - FEB 7.50 CALL OPTION@ $0.65 -> 6.8 % Return assigned*
-- D. R. Horton Inc. (NYSE:DHI)
Last Price 40.67 - FEB 40.00 CALL OPTION@ $2.65 -> 5.2 % 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 have recovered off of their early session lows, but the
majority of our tracked bourses remain in negative territory. Currently just
five of the 15 markets that we follow are positive and the cumulative average
return on the entire group stands at a positive 0.052 percent. Key purchasing
managers' surveys in overseas countries continue to show expansion in the
services sector. The BME/Reuters services PMI survey for December expanded for
a fifth consecutive month, albeit at a less robust pace. The December report
hit 54.6 on expectations for a 55.7 and compared to 55.4 of November. In the
United Kingdom, the Chartered Institute of Services Purchasing and Supply
slipped to 58.5 in December from 59.6 of November. Economists expected a reading
of 59.8.
The two weekly reports on the health of the retailing sector will be released
before the market open today. Recall that the ICSC-UBS Store Sales Index for
the week of December 27 demonstrated a rise of 2.0 percent, while the Redbook
Retail Sales index for the same period declined by 1.0 percent. Following a
nasty reversal day last Friday, the S&P Retail Index was buoyed by yesterday's
market rally by 0.44 percent. Speaking of retailers, after the market close
yesterday Wal-Mart Stores announced the authorization of a new $7 billion share
repurchase program that is separate from and replaces the previous $5 billion
program. The company said that it repurchased $3.1 billion in shares through
October 31, under the previous buyback program. With a market capitalization of
some $227.723 billion and yesterday's closing price of 52.12, it would appear
that the company has about 4.369 billion outstanding shares. So that $7 billion
purchase would account for just a tad over three-percent of the current
outstanding shares. At 10:00 a.m., the December Institute for Supply Managers
(ISM) Non-Manufacturing Business Index is expected to show a rise to 61.0 versus
the truly respectable 60.1 posted in November. Recall that the sister ISM
manufacturing survey surprised to the upside at 66.2. Sharing the same time
slot, the release of the November Factory Orders report is expected to show a
decline of 1.5 percent, moderating from the 2.2 percent rise in October. A
decline here should be of little surprise considering that Durable Goods orders
slipped 3.1 percent in November (you may have missed that one as it was reported
on December 24).
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
December was the busiest month for new public offerings since October of 2000.
And with an existing three-year long backlog of paper, this bodes well for 2004.
Companies like popular Internet search engine Google are already slated to go
public this year. But Christian DeHaemer, head of nanotech financial research at
the Red Zone, says, "Forget the Internet - 2004 will be all about nanotech. The
nanotech group has yet to feed at the IPO trough, but the industry has matured
to the point where it's the next hot trend. Harris and Harris Group is to
nanotech what CMGI Inc. was to the Internet, which at one point was a US$200
stock. Harris and Harris started investing seed capital in nanotech back in
1994. With a market cap of $165 million, their pipeline is long and they will
surely benefit from any renewed strength in the IPO market." The company rose
17% on Monday to close at $14.74 - a 75% gain for one financial investment group
since December 2, 2003.
To learn about the system that detects stock buying opportunities like these,
follow this link: http://www.investorsobserver.com/agora2
TODAY'S ECONOMIC CALENDAR
7:45 a.m.: ICSC-UBS Store Sales Index for the week of January 3 (last
plus 2.0 percent).
8:55 a.m.: Redbook Retail Sales for the week of January 3 (last minus
1.0 percent).
10:00 a.m.: December Challenger Layoff Survey (last minus 42 percent).
10:00 a.m.: December ISM Non-Manufacturing Business Index (seen 61; last
60.1).
10:00 a.m.: November Factory Orders (seen minus 1.5 percent; last plus
2.2 percent).
6:30 p.m.: ABC/Money Consumer Confidence for the week of January 2 (last
minus 9).
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:
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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