Midway Games (NYSE:MWY)
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MORNING UPDATE: Man Securities Issues Alerts for TWX, SOHU, QLGC,
MLNM, and MWY
CHICAGO, April 29 /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 TWX, SOHU, QLGC, MLNM, and MWY,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"We're very pleased with the company's strong financial performance this
quarter, as we're off to a great start for the year."
-- Dick Parsons, Chairman and Chief Executive, Time Warner Inc.
New PriceWatch Alerts for TWX, SOHU, QLGC, MLNM, and MWY...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- Time Warner Inc. (NYSE:TWX)
Last Price 16.51 - JUL 17.00 CALL OPTION@ $0.55 -> 6.5 % Return
assigned*
-- Sohu.com Inc. (NASDAQ:SOHU)
Last Price 19.20 - MAY 17.50 CALL OPTION@ $2.80 -> 6.7 % Return
assigned*
-- QLogic Corp. (NASDAQ:QLGC)
Last Price 26.69 - JUN 25.00 CALL OPTION@ $2.95 -> 5.3 % Return
assigned*
-- Millennium Pharmaceuticals Inc. (NASDAQ:MLNM)
Last Price 17.28 - JUN 15.00 CALL OPTION@ $3.00 -> 5 % Return assigned*
-- Midway Games Inc. (NYSE:MWY)
Last Price 8.74 - JUN 7.50 CALL OPTION@ $1.60 -> 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 appear to be following through on yesterday's declines.
Currently none of the 14 markets actively trading markets (the Nikkei is closed
for Golden Week, which is a collection of four holidays spread over a one week
period) that we track are positive and the cumulative average return on the
group stands at a minus 1.22 percent. Turning to the United Kingdom, the
headline index of consumer confidence rose to a minus 2 in April from minus 3
in March, this according to a survey published today by Martin Hamblin GfK. It
was the first rise since January, but the index remains below its five-year
average of zero. The rise was just beneath expectations for a minus 1 reading.
Before the start of regular trade today, we get hit with a couple of key pieces
of economic data. The Advance First Quarter Gross Domestic Product for the
first quarter is expected to rise to a plus 5.0 percent versus the fourth
quarter's final booking of a 4.1 percent advance. As we mentioned yesterday,
you will want to keep an eye on the PCE (personal consumption expenditures)-
Price deflator, an indication of inflation. A sharp rise here could well
further spook an already apprehensive market. During the same time the First
Quarter Employment Cost Index is expected to have advanced by 0.9 percent in
the first quarter. The cost of hiring and retaining an employee rose by 0.7
percent in the fourth quarter. And speaking of employees, Initial Jobless
Claims for the week ending April 24 are expected to have declined by 10,000
following the prior week's 9,000 drop-off.
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 investment team at the Taipan Group's Profit Hog franchise have been
touting the upside potential on MGM for six weeks now. One look at the
company's news reveals two key reasons for their bullishness. First, there's
the speculation-turned-reality of a huge $8 per share dividend payout in mid-
May. Second, MGM is currently subject to fierce takeover speculation on Wall
Street. One suitor is Sony, who has submitted a "letter of acquisition
interest." Although there's no official comment yet, sources say a $5 billion
deal is being considered, which would include debt and the dividend payments.
With a motion picture library of around 4,200 titles, MGM would represent a
major acquisition for any successful bidder. Interestingly, another potential
suitor could be Comcast. After shelving its bid for Disney on Wednesday, the
Philadelphia-based cable company could turn its attention to MGM. Time-Warner
has also expressed an interest in MGM. For MGM investors, including those at
the Profit Hog, this is excellent news, as stiff competition will likely drive
the share price higher. In fact, it's already happening. From a price of $16.20
as recently as March 15, MGM closed Wednesday at $21.06 - a gain of 30%. Profit
Hog investors are up 20% since buying at $17.50 on March 16.
The nanotechnology revolution continues to spread across the globe. The Profit
Hog's Christian DeHaemer has written a comprehensive FREE report. Read it
immediately by following this link: http://www.investorsobserver.com/agora6
TODAY'S ECONOMIC CALENDAR
8:30 a.m.: Advance First Quarter Gross Domestic Product (Q4, plus 4.1
percent).
8:30 a.m.: First Quarter Employment Cost Index (Q4, plus 3.8 percent).
8:30 a.m.: Initial Jobless Claims for the week ending April 24 (last
minus 9,000).
10:00 a.m.: March Conference Board Help Wanted Index (last 40)
10:00 a.m.: DJ-BTM Business Barometer for the week ending April 17 (last
minus 0.2 percent).
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:
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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