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MORNING UPDATE: Man Securities Issues Alerts for WMT, ATVI, VRTSE, ONNN, and
AMKR
CHICAGO, March 26 /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 WMT, ATVI, VRTSE, ONNN, and AMKR,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"When a terrorist event has happened ... the market reacts negatively and then
tends to bounce back as the fear of the unknown dissipates. It allowed investors
to turn off CNN and turn on CNBC again."
-- Gordon Fowler, chief investment officer, Glenmede Trust.
New PriceWatch Alerts for WMT,ATVI, VRTSE, ONNN, and AMKR...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Wal-Mart Stores Inc. (NYSE:WMT)
Last Price 59.82 - JUN 60.00 CALL OPTION@ $2.25 -> 4.2 % Return
assigned*
-- Activision Inc. (NASDAQ:ATVI)
Last Price 15.14 - MAY 15.00 CALL OPTION@ $1.00 -> 6.1 % Return
assigned*
-- VERITAS Software Corp. (NASDAQ:VRTSE)
Last Price 27.39 - MAY 25.00 CALL OPTION@ $3.70 -> 5.5 % Return
assigned*
-- ON Semiconductor Corp. (NASDAQ:ONNN)
Last Price 7.69 - MAY 7.50 CALL OPTION@ $0.70 -> 7.3 % Return
assigned*
-- Amkor Technology Inc. (NASDAQ:AMKR)
Last Price 14.16 - MAY 12.50 CALL OPTION@ $2.40 -> 6.3 % 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,"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 offering a mixed picture with extremes set by gains in the
Nikkei and losses suffered in the Denmark Copenhagen Stock Index. Currently
seven of the 15 markets that we track are positive. The cumulative average
return on the group stands at a minus 0.062 percent. The Nikkei exploded
overnight by 240 points to close out the week with a 3.1 percent gain. The
index is currently higher by 10.25 percent on the calendar year and sits at
levels only touched briefly back in May 2002. Not so good news out of Germany
as a survey demonstrating German business sentiment deteriorated for the second
straight month in March, with companies increasingly unsettled about weak
domestic demand. The German Ifo business sentimentindex fell to 95.4 from 96.4
in February, just beneath forecasts for a 95.6 and in line with the long-term
average of 95.0. Of particular concern is the indicator of the current business
situation, which has declined for the first time in six months. The current
conditions sub-index decreased to 92.1 from 92.6 in February. European
politicians and central bankers caution that weak domestic demand, combined with
a stronger euro and high oil prices, could be hampering growth. The
deterioration in German business sentiment in March is likely to fan fears that
the economic upturn in Europe's largest economy may be more modest than
previously expected. The German economy is currently expected to expand between
1.5 percent and 2.0 percent in 2004, but some investment banks have already
started to cut their forecasts. Surprisingly enough the Frankfurt DAX is one of
the indexes on positive ground this morning. The somewhat disappointing Ifo
report, may well open the door for the European Central Bank (ECB) to offer up
an interest rate cut when it meets again on April 1.
Before the market opens today, February Personal Income is expected to show an
increase of 0.3 percent, improving further over January's 0.2 percent rise.
This report historically has the potential to demonstrate inflationary pressures
creeping into the economy, but that is unlikely at this point in time
considering the lackluster employment picture. The companion report, February
Personal Spending is expected to match last month's rise of 0.4 percent. Next on
the agenda, at 9:00 a.m., Federal Reserve Chairman Greenspan speaks to the
monetary conference in Washington. Not much out of yesterday's appearance, so
today could prove to be a yawner. At 9:45 a.m., the Final March University of
Michigan Consumer Sentiment Index is expected to slip slightly to 93.9. If so,
this would continue a trend lower from January's final 96.8, but still better
than the final December reading of 91.7. Unless we see a pop back toward 97 or
a decline below 90, the report should have little impact on today's session.
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
2004 is shaping up to be the "Year of Online Fraud." Think of the number of
times a deadly web virus has hit, together with elaborate e-mail scams designed
to trick people into releasing valuable personal details. This nasty crime is
known in the business as "phishing," and a report out from the Association for
Payment Clearing Services in Britain says it is on the rise. Recently, customers
of major UK banks Barclays, Natwest and Lloyds-TSB have suffered at the hands of
online thieves, and while the National High-Tech Crime Unit is working hard to
combat the criminals, the Internet offers many hiding places. So it's essential
that authorities and companies continue to fight this costly crime. Seven
million Americans became victims of identity theft in 2003, at an average cost
of $90,000 per case -- billions of dollars. The worldwide cost of attacks last
year was $82 billion. And 2004 could be the worst in history for viruses.
Studies show that 90,000 different viruses spread across the Internet each day.
One in five computers is infected -- and most users never know it.
The Value Edge group has written a special report on the growing problem of
identity theft in America. The report focuses on one company in particular,
whose cutting edge technology is already being used by Microsoft to protect its
new software. Read the FREE REPORT here immediately:
http://www.investorsobserver.com/agora5
TODAY'S ECONOMIC CALENDAR
8:30 a.m.: February Personal Income (last plus 0.2 percent).
8:30 a.m.: February Personal Spending (last plus 0.4 percent).
9:00 a.m.: Federal Reserve Chairman Greenspan speaks to the monetary
conference in Washington.
9:45 a.m.: March Final University of Michigan Consumer Sentiment Index
(February final 94.4, preliminary March 94.1).
12:00 p.m.: Treasury Secretary Snow speaks to U.S. Small Business
Administration conference in Washington.
2:00 p.m.: Federal Reserve Governor Gramlich speaks to models and
monetary policy conference in Washington.
7:00 p.m.: Federal Reserve Governor Kohn speaks to models and monetary
conference in Washington.
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
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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