Veritas (NASDAQ:VRTSE)
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From Jul 2019 to Jul 2024
MORNING UPDATE: Man Securities Issues Alerts for CSCO, GILD, STX,
VRTSE, and CECO
CHICAGO, April 26 /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 CSCO, GILD, STX, VRTSE, and CECO,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"I think the concern over rising interest rates is ahead of itself because I
think inflationary fears themselves might be premature."
-- Sung Won Sohn, economist, Wells Fargo & Co
New PriceWatch Alerts for CSCO, GILD, STX, VRTSE, and CECO...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Cisco Systems Inc. (NASDAQ:CSCO)
Last Price 23.32 - JUL 22.50 CALL OPTION@ $1.90 -> 5 % Return assigned*
-- Gilead Sciences Inc. (NASDAQ:GILD)
Last Price 60.12 - JUN 60.00 CALL OPTION@ $3.00 -> 5 % Return assigned*
-- Seagate Technology (NYSE:STX)
Last Price 12.73 - JUN 12.50 CALL OPTION@ $0.95 -> 6.1 % Return
assigned*
-- VERITAS Software Corp. (NASDAQ:VRTSE)
Last Price 29.70 - MAY 30.00 CALL OPTION@ $1.05 -> 4.7 % Return
assigned*
-- Career Education Corp. (NASDAQ:CECO)
Last Price 67.58 - JUN 65.00 CALL OPTION@ $5.80 -> 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 are reflecting the lack of desire to move much in either
direction. Currently nine of the 15 markets that we track are positive with
the cumulative average return standing at a plus 0.062 percent. German
business sentiment picked up in April following two months of declines. The
Ifo business sentiment index rose to 96.3 in April from 95.4 in March, besting
economists' forecasts of 95.4 and the long-term average of around 95.0.
According to Ifo officials, the latest survey results point to a continued,
albeit moderate, economic recovery, but it is still too early to speak of a
solid upturn.
Only one piece of economic data today, at 10:00 a.m., March New Home Sales are
expected to have ticked lower by 0.8 percent coming off of February's healthy
5.8 percent advance. Sharing the 10:00 a.m. spotlight, Federal Reserve
Governor Olson speaks on the redesigned U.S. $50 note in Fort Worth, Texas. At
11:00 a.m., Fed Governor Bies speaks on corporate governance at a banking
conference in Las Vegas. And finally at 11:10 a.m., Chicago Fed President
Moskow speaks on the euro in Chicago. We have another healthy dose of earnings
to look forward to this week as over 580 companies covered by a minimum of
three analysts are scheduled to report (the number of companies would be far
greater, but the "three analysts rule" is used to make the term "consensus
estimates" a little more meaningful).
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
Spectrum Sciences is enjoying a bullish run on two pieces of news. First, it
will buy Inland Fabricators -- a company engaged in large-scale pipe
fabrication for the government and private sector. Inland has about $5 million
in revenue and will provide Spectrum with revenues and pro-forma earnings.
Spectrum recently announced that it's begun work on AMRAMM missile containers
for the government -- a contract worth $3.7 million. Spectrum notched up new
highs last week, including a new 52-week high of $3.47 on Friday. Investors at
William Colburn's Value Edge service are currently up 12%. Elsewhere, just as
Wall Street was beginning to have doubts, executives at Google are expected to
announce in a matter of days that its hotly- anticipated IPO will finally go
ahead. While size, dollars and the banks involved are still a mystery, expect
more information to come out very soon, thanks to strict new SEC guidelines.
Google is set to be the biggest IPO since CIT Group Inc.'s $4.87 billion deal
in July 2002. Street rumors are valuing the deal as high as $25 billion, and
could scatter $100 million in fees across the market.
The nanotechnology revolution continues to spread across the globe. The Profit
Hog's Christian DeHaemer has written a comprehensive FREE report. Read it
immediately by following this link: http://www.investorsobserver.com/agora6
TODAY'S ECONOMIC CALENDAR
10:00 a.m.: March New Home Sales (seen at minus 0.8 percent, last plus 5.8
percent).
10:00 a.m.: Fed Gov Olson speaks on the redesigned U.S. $50 note in Fort
Worth, Texas.
11:00 a.m.: Fed Gov Bies speaks on corporate governance at banking
conference in Las Vegas.
11:10 a.m.: Chicago Fed Pres Moskow speaks on the euro in Chicago.
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:
InvestorsObserver.com -- Better Strategies for Making Money -> For Investors
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Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now
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PowerOptionsPlus -- The Best Way To Find, Compare, Analyze, and Make Money On
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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