May Dept Stores (NYSE:MAY)
Historical Stock Chart
From Oct 2019 to Oct 2024
MORNING UPDATE: Man Securities Issues Alerts for PFE, VOD, HL, MAY, And AMX
CHICAGO, Feb. 17 /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 PFE, VOD, HL, MAY, and AMX, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"We really ought to be pointing towards a convergence to zero. That's where we
need to go. We need to get on a path to a truly balanced budget."
-- John Snow, Treasury Secretary, United States
New PriceWatch Alerts for PFE, VOD, HL, MAY, and AMX...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Pfizer Inc. (NYSE:PFE)
Last Price 37.38 - JUN 37.50 CALL OPTION@ $1.55 -> 4.7 % Return
assigned*
-- Vodafone Group Plc (NYSE:VOD)
Last Price 25.76 - APR 25.00 CALL OPTION@ $1.85 -> 4.6 % Return
assigned*
-- HeclaMining Co. (NYSE:HL)
Last Price 7.96 - MAR 7.50 CALL OPTION@ $0.85 -> 5.5 % Return assigned*
-- May Department Stores Co. (NYSE:MAY)
Last Price 34.80 - JUN 35.00 CALL OPTION@ $1.90 -> 6.4 % Return
assigned*
-- America Movil, S.A. (NYSE:AMX)
Last Price 35.78 - MAY 35.00 CALL OPTION@ $2.30 -> 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:
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NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
MARKET OVERVIEW
Overseas markets are looking quite chipper this morning as 13 of the 15 markets
that we track are currently in positive territory. The cumulative average return
on the group stands at a positive 0.590 percent. A sentiment survey of
financial analysts indicated that the polled group was a bit less optimistic
about Germany's growth prospects in February than the previous month. The
Zentrum fuer Europaeische Wirtschaftsforschung's (ZEW) economic expectations
index fell to 69.9 in January from the 72.9 posted in December and below the
72.4 that economists had forecast. For reference purposes, a number above zero
signals that more analysts are optimistic than pessimistic on the economic
outlook. The index remained well above the low of 0.6 recorded in December 2002
and exceeded the historical mean of 33 points, suggesting that economic recovery
is under way.
The 8:30 a.m. release of the February Empire State Manufacturing Survey is
expected to show an advance to 40.5 from January's reading of 39.22. At 9:15
a.m., January Capacity Utilization is expected to have improved to 76.2 percent
of use (last 75.8 percent). The companion report, January Industrial
Production, is expected to have posted a strong 0.7 percent rise versus
December's plus 0.1 percent effort. Overall, it will be a reasonably light week
on both the earnings and economic calendars. On Thursday the producer level is
accompanied by January leading indicators. By Friday, a look at inflation at
the consumer level is accompanied by an appearance of Federal Reserve Chairman
Greenspan.
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DYNAMIC MARKET OPPORTUNITIES
With the market taking an extended breather over the holiday weekend, what can
you expect fromtoday's activity? Studies show that the market usually advances
the day after Presidents' Day, as traders return in a buying mood. In fact,
that's been the case for the Dow in each of the last ten years. Brit Ryle, chief
trading strategist at Money Flow Matrix Trader, says, "The potential for a rally
this morning is strong. However, depending on conditions, this could be an ideal
time to enter a new put position. My charts indicate the NASDAQ is going to
forego a re-test of recent highs at 2153 and should have another 1-3 days of
weakness. However, I'm not ruling out the possibility of more upside. While I
believe the NASDAQ is establishing a top, resulting in a deeper correction than
we've seen in over a year, it's not the type of top that clearlyshows a change
in trend. So to sum up, I'm looking for another 1-3 days of weakness, followed
by a rally at the end of the week."
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TODAY'S ECONOMIC CALENDAR
8:30 a.m.: February Empire State Manufacturing Survey (last 39.22).
9:15 a.m.: January Capacity Utilization (last 75.8 percent).
9:15 a.m.: January Industrial Production (last plus 0.1 percent).
1:00 p.m.: February NAHB Housing Index.
6:30 p.m.: ABC/Money Magazine Consumer Confidence for the week ending
February 14 (last minus 6).
FYI: Wisconsin primary.
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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