Cadence Design (NYSE:CDN)
Historical Stock Chart
From Jun 2019 to Jun 2024
MORNING UPDATE: Man Securities Inc. issues alerts for TWX, ALA,
MEDI, WHR, and CDN
CHICAGO, Feb. 4 /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 TWX, ALA, MEDI, WHR, and CDN, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"Non-manufacturing activity is still expanding, but it's expanding at a slower
rate."
-- Sherry Cooper, chief economist, BMO Nesbitt Burns.
New PriceWatch Alerts for TWX, ALA, MEDI, WHR, and CDN...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Time Warner Inc. (NYSE:TWX)
Last Price 18.16 - JUL 18.00 CALL OPTION@ $1.10 -> 5.5 % Return assigned*
-- Alcatel (NYSE:ALA)
Last Price 12.42 - JUN 12.50 CALL OPTION@ $1.00 -> 9.5 % Return assigned*
-- MedImmune Inc. (NASDAQ:MEDI)
Last Price 24.42 - JUN 22.50 CALL OPTION@ $2.85 -> 4.3 % Return assigned*
-- Whirlpool Corp. (NYSE:WHR)
Last Price 65.35 - JUN 65.00 CALL OPTION@ $3.70 -> 5.4 % Return assigned*
-- Cadence Design Systems, Inc. (NYSE:CDN)
Last Price 13.55 - MAY 12.50 CALL OPTION@ $1.60 -> 4.6 % 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, "Is Your Investment Portfolio Disaster Proof? -
Insights, Stocks, And Strategies." go to:
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NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
NEWS LEADERS AND LAGGARDS
So far today, Cisco Systems Inc., PMI Group Inc., and Time Warner Inc. lead the
list of companies with the most news stories while BSquare Inc. and Landry's
Restaurants Inc. are showing a spike in news. Avid Technology Inc., Time Warner
Inc., and Michaels Stores Inc. have the highest srtIndex scores to top the list
of companies with positive news while Omnicell Inc. and Instinet Group Inc.
lead the list of companies with negative news reports. Google Inc. has popped
up with a high positive news sraIndex score.
For the FREE article titled, "Earnings Season Decoded - An Essential 15 Point
Checklist For Finding Winning Stocks." go to:
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MARKET OVERVIEW
Overseas markets are looking good this morning, as 13 of the 15 markets we
track are higher with the cumulative average standing at plus 0.368 percent.
The week is topped off today with the announcement of the January jobs report
coming out at 8:30 a.m. Economists are looking for this to come in at plus
200,000 with the unemployment report coming in at 5.4 percent. Other than
that, we don't have many earnings, so expect the jobs report to drive the day's
(and perhaps the intermediate term) action.
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DYNAMIC MARKET OPPORTUNITIES
Having been stuck deep in the economic mire for a few years recently, the
stream of good news continues to flow from Brazil. The national statistics
bureau reports that thanks to the flourishing economy, the jobless rate sank 1%
to 9.6% in December, the lowest in three years. And with the average monthly
wage growing at a 2% clip in December, Brazilians are boosting their spending.
That, coupled with strong exports of commodities like steel (currently in the
midst of a strong bull market), iron ore, soybeans and beef led to a record
current account surplus of US$11.7 billion in 2004. That's an enormous 178%
surge over the 2003 surplus of US$4.2 billion. With that, it's no surprise to
see Brazil's budget gap fall to the lowest on record - just 2.6% of GDP in
December, compared with 5.1% of GDP in December 2003. This bullish run has left
many investors wondering what to expect for 2005. And according to Standard and
Poor's Brazilian president Regina Nunes, GDP growth should hit 4%. If so,
there's a good chance it will result in S&P raising its credit rating for
Brazil from its current BB- level. Brazil's western neighbor, Chile, is also
enjoying a thriving economic period. Exports of copper, the country's most
lucrative commodity, jumped to a new record of US$1.6 billion in December -
double the figure from December 2003 - as prices soared 43% during the year.
Given the massive expansion, state-run Codelco is also set to double its
investment this year to almost US$2 billion as the country exports an estimated
US$15 billion worth of copper. This run is affecting overall GDP, with the
Chilean central bank lifting its growth rate to between 5.25% and 6.25% this
year after last year's excellent 5.8%. As recently as September, it estimated a
4.5% to 5.5% pace.
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TODAY'S ECONOMIC CALENDAR
8:30 a.m.: Non-farm Payrolls (last plus 157,000)
8:30 a.m.: Unemployment Rate (last 5.4 percent)
9:40 a.m.: ECRI Inflation Gauge (last 117.9)
3:00 p.m.: Treasury STRIPS (last $468 million)
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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.
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DATASOURCE: Man Securities
CONTACT: John Gannon of Man Securities Inc., +1-800-837-6212
Web site: http://www.mansecurities.com/mu.html