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MORNING UPDATE: Man Securities Issues Alerts for NXTL, VRTSE,
ALL, ANF, and BAX
CHICAGO, May 12 /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 NXTL, VRTSE, ALL, ANF, and BAX, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"My confidence remains solid and is improving."
-- John Chambers, Chief Executive, Cisco Systems Inc.
New PriceWatch Alerts for NXTL, VRTSE, ALL, ANF, and BAX...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Nextel Communications Inc. (NASDAQ:NXTL)
Last Price 24.35 - AUG 22.50 CALL OPTION@ $2.90 -> 4.9 % Return
assigned*
-- VERITAS Software Corp. (NASDAQ:VRTSE)
Last Price 26.44 - AUG 25.00 CALL OPTION@ $3.40 -> 8.5 % Return
assigned*
-- Allstate Corp. (NYSE:ALL)
Last Price 44.20 - JUL 45.00 CALL OPTION@ $1.00 -> 4.2 % Return
assigned*
-- Abercrombie & Fitch Co. (NYSE:ANF)
Last Price 33.90 - AUG 32.50 CALL OPTION@ $3.30 -> 6.2 % Return
assigned*
-- Baxter International Inc. (NYSE:BAX)
Last Price 31.64 - AUG 30.00 CALL OPTION@ $2.80 -> 4 % 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 appear back in the dumps as just five of the 15 markets that
we track are currently positive. The cumulative average return on the group
was held in check at a negative 0.044 percent thanks to a 2.26 percent surge in
the Nikkei overnight. The index actually gapped higher in a broad based rally
as traders bid up issues ranging from Nippon Steel (plus 4.2 percent) to Casio
Computer (plus 17.7 percent). Germany's annual inflation rate rose to its
highest level in more than a year in April, thanks to sharp advances in oil
prices and higher prices for healthcare. Consumer prices rose 0.3 percent in
April matching the 0.3 percent rise in March. On a year-over- year basis,
consumer prices rose by 1.6 percent in April, following a 1.1 percent rise in
March. Annual inflation hit its highest level since March 2002, when it stood
at 2.0 percent, as oil prices were 2.9 percent higher on the year.
Bright and early this morning, the Mortgage Bankers Association (MBA)
Refinancing Index for the week ending May 8 is scheduled for release. Recall
that the report for the week ending May 1 broke a five week losing streak with
its 4.7 percent rise. The early morning release showed that the MBA
refinancing index once again declined, this time by 13.2 percent. The purchase
index did rise by 2.4 percent as the backdrop of rising interest rates is
pushing some off the fence before rates can climb much higher. The MBA market
index declined by five percent during the week. At 8:30 a.m., April Import
Prices are expected to have moderated a bit from the 0.9 percent jump in March.
Analysts are looking for a 0.4 percent increase in April. This indicator on
the demand for foreign goods and services by U.S. consumers can also be viewed
as an indicator on the potential for inflation. Sharing the same time slot,
the March International Trade Balance is seen coming in ever so slightly at
$42.08 million versus the $42.09 billion shortfall posted last month. If you
are holding any stock or options positions on Yahoo!, be aware that the stock
is trading at a post two-for-one split. Stocks traders now have twice as many
shares at half the pre-split price, while options traders have twice as many
options contracts at one-half the pre-split price and strike. Check with your
broker if you have further concerns.
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
The issue is the butt of many cheap jokes for comedians and talk shows hosts,
but it's really no laughing matter. Not when the trend costs Americans $117
billion each year in healthcare expenses. The United States is fast becoming a
land of dangerously overweight people. In 2000, poor diet and obesity is said
to have contributed directly to around 400,000 deaths -- more than 16% of all
deaths that year. That's pretty disturbing. Today, approximately 127 million
American adults are overweight. 60% of them are classed as "obese". Nine
million are "severely obese". As part of a federal anti-obesity program, the
National Institute of Health received $400 million in fiscal 2004 to battle
this problem -- up 5.6% from $378.6 million in fiscal 2003. But projections
call for the figure to increase another 10% to $440 million as soon as 2005. A
healthy diet and active lifestyle will likely enable you to live longer. But
as the fight to trim America's bulging waistline gains momentum, the companies
tackling obesity could make investors live happier and wealthier too. Taipan's
Red Zone group believes it has spotted a prime candidate in Regeneron -- a
biotech whose drugs combat many medical conditions, including obesity. Its
Axokine drug is currently undergoing Phase III trials, and if granted full Food
& Drug Administration approval, promises to be a major boost to both the
industry and company.
The Red Zone team has written a comprehensive report on America's growing
obesity problem -- and identified several ways for you to profit from companies
aiming to solve it. To find out more, simply follow this link to access the
FREE REPORT: http://www.investorsobserver.com/agora9
TODAY'S ECONOMIC CALENDAR
7:00 a.m.: MBA Refinancing Index for the week ending May 8 (last plus 4.7
percent).
8:30 a.m.: April Import Prices (last plus 0.9 percent).
8:30 a.m.: March International Trade Balance (last $42.09 billion
deficit).
2:00 p.m.: April Treasury Budget.
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
With a Sense of Humor. Only $1 for your first month plus seven free bonuses
worth over $420, see: http://www.investorsobserver.com/must
247profits.com: You'll get exclusive financial commentary, access to a global
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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
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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