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MORNING UPDATE: Man Securities Issues Alerts for AMCC, XICO, PDLI, VISG, and
CTAS
CHICAGO, March 16 /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 AMCC, XICO, PDLI, VISG, and CTAS,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"Retail sales rebounded this past week, due in part to a pickup in federal tax
refund monies."
-- Michael Niemira, chief economist, International Council of Shopping Centers
New PriceWatch Alerts for AMCC, XICO, PDLI, VISG, and CTAS...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Applied Micro Circuits Corp. (NASDAQ:AMCC)
Last Price 5.61 - MAY 5.00 CALL OPTION@ $0.95 -> 7.3 % Return assigned*
-- Xicor Inc. (NASDAQ:XICO)
Last Price 14.92 - JUL 15.00 CALL OPTION@ $0.80 -> 6.2 % Return
assigned*
-- Protein Design Labs Inc. (NASDAQ:PDLI)
Last Price 24.21 - APR 25.00 CALL OPTION@ $1.00 -> 7.7 % Return
assigned*
-- Viisage Technology Inc. (NASDAQ:VISG)
Last Price 6.68 - JUL 5.00 CALL OPTION@ $1.95 -> 5.7 % Return assigned*
-- Cintas Corp. (NASDAQ:CTAS)
Last Price 40.72 - MAY 40.00 CALL OPTION@ $2.45 -> 4.5 % 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 still appear a bit tattered with eight of the 15 markets that
we track currently positive. The cumulative average return on the group stands
at a positive 0.010 percent. The rate of inflation in the United Kingdom in
February continued to fall away from the Bank of England's ceiling target of two
percent. The Consumer Price index came in at plus 0.3 percent on the month and
plus 1.3 percent on a year-over-year basis, matching expectations on both
counts. Turning toward Germany, a key sentiment indicator based upon the view
of economist, the Zentrum fuer Europaeische Wirtschaftsforschung's (ZEW)
economic expectations index dropped by more than 12 points to 57.6 from 69.9 in
February. The report was also below expectations of 65.0. Fueling the decline
in sentiment seemed to be the disappointing U.S. employment figures, which
fanned fears that the U.S. recovery might not be sustainable. This is the third
consecutive decline in the index, but readings remain quite high by historical
standards. The March ZEW index was above the cyclical low of 0.6 point in
December 2002 and exceeded the historical average of 34 points. A number above
zero indicates that more analysts are optimistic than pessimistic on the
economic outlook. Europe's largest economy is poised to grow between 1.5 percent
and 2.0 percent in 2004, after contracting for the first time in a decade in
2003.
The Federal Open Market Committee (FOMC) is not the only item on today's agenda,
but the other items pale in comparison as to their ability to move the market.
Before the market open, the two weekly reports on the well-being of the retail
sector are due for release. The ICS-UBS Store Sales Index for the week ending
March 6 declined by 0.3 percent, while the Redbook Retail Sales Index for the
same period declined by 0.7 percent. The S&P Retail Index peakedbefore these
reports were last released, as it is currently some 4.8 percent beneath its
March 5 high of 403.50. Irrespective, the sector has held up a tad better than
the broad market as represented by the SPX. At 8:30 a.m., February Housing
Starts are seen rising by 1.0 percent following January's surprise 7.9 percent
decline to a seasonally adjusted annual rate of 1.903 million. January's
decline was the first fall off since August and was accompanied by a 2.8 percent
decline in building permits. This figure is supposed to be an indicator of
future activity. At 9:00 a.m., the Federal Open Market Committee (FOMC) meeting
on interest rates is scheduled to get underway. At 2:15 p.m., the FOMC interest
rate decision and policy statement are expected to be released. Currently the
market sees no chance of a rate change, so it will all boil down to how
carefully and with what intent the group chooses to express its policy
statement. As always, watch that first "tick" accompanying the FOMC release,
the market has a habit of telegraphing its opinion in that first blink of an
eye.
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
Last week's bombings in Madrid may have cost the U.S. a major ally. Fears that
Al-Qaeda was behind the attacks helped Spain's Socialists surprisingly win the
election over the ruling conservatives. The new Prime Minister-elect Jose Luis
Rodriguez Zapatero has already threatened to remove Spanish troops by July.
This isn't good for the Administration. For terrorists, this sends a signal
that it's possible to severely damage a ruling party that acts tough on
terrorism, and get what they want by bombing the country. With the U.S. general
election in November, the chances of a terrorist hit Stateside may have just
risen considerably. That doesn't bode well for the already floundering U.S.
dollar or the markets. So with the bears roaming, consider the advice of
financial advisors, who suggest investing about 15% of your portfolio in
offshore markets. The thinking is that a bull market always exists somewhere in
the world. Country funds are a good option. Though returns can vary, over time
they are very attractive investments. Red Zone investors have already been
making money this way for some time. Investment director Christian DeHaemer has
led traders to profits with plays like the Malaysia Fund and India Fund. Other
countries to consider include Thailand, Indonesia, Japan and Russia. Russian
stocks have risen about 18% this year already, and the ING Russian Fund has an
amazing return of over 800% over the past five years.
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
7:45 a.m.: ICS-UBS Store Sales Index for the week endingMarch 13 (last
minus 0.3 percent).
8:30 a.m.: February Housing Starts (last minus 7.9 percent).
8:55 a.m.: Redbook Retail Sales Index for the week ending March 13 (last
minus 0.7 percent).
9:00 a.m.: Federal Open Market Committee (FOMC) meeting on interest rates
begins.
2:15 p.m.: FOMC interest rate decision and policy statement expected.
6:30 p.m.: ABC/Money Magazine Consumer Confidence Index (last minus 18).
FYI: Illinois primary.
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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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