Providian (NYSE:PVN)
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From Jun 2019 to Jun 2024
MORNING UPDATE: Man Securities Inc. Issues Alerts for KRB, ALTR,
HLIT, PVN, and SEPR
CHICAGO, April 26 /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 KRB, ALTR, HLIT, PVN, and SEPR, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"The world has changed. It's not that the U.S. has lost its lead. It's just
that the people who are coming up from behind are coming on real strong."
-- Mathew Kazmierczak, director of research, AeA.
New PriceWatch Alerts for KRB, ALTR, HLIT, PVN, and SEPR...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- MBNA Corp. (NYSE:KRB)
Last Price 18.95 - SEP 17.50 CALL OPTION@ $2.30 -> 5.1 % Return
assigned*
-- Altera Corp. (NASDAQ:ALTR)
Last Price 19.25 - JUN 20.00 CALL OPTION@ $0.65 -> 7.5 % Return
assigned*
-- Harmonic Inc. (NASDAQ:HLIT)
Last Price 6.12 - JUN 5.00 CALL OPTION@ $1.35 -> 4.8 % Return assigned*
-- Providian Financial Corp. (NYSE:PVN)
Last Price 15.86 - JUN 15.00 CALL OPTION@ $1.60 -> 5.2 % Return
assigned*
-- Sepracor Inc. (NASDAQ:SEPR)
Last Price 61.25 - JUN 60.00 CALL OPTION@ $3.60 -> 4.1 % 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:
http://www.investorsobserver.com/FREEDP
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, Diamond Offshore Drilling Inc., SAP AG, and International
Business Machines Corp. lead the list of companies with the most news stories
while Mittal Steel Co. and FTD Group Inc. are showing a spike in news. Lockheed
Martin Corp., Fording Canadian Coal Trust, and T Rowe Price Group Inc. have the
highest srtIndex scores to top the list of companies with positive news while
Bowater Inc. and Martha Stewart Living Omnimedia Inc. lead the list of
companies with negative news reports. Schlumberger Ltd. 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:
http://www.wallstreetsecretsplus.com/go/freemu/
MARKET OVERVIEW
Trading overseas is looking extremely weak this morning, with only two of the
15 markets that we follow in positive territory. The cumulative average return
on the group stands at a -0.311 percent. Asia finished the trading day mixed,
with the Nikkei shedding 0.34 percent while the Hang Seng closed with a
0.8-percent gain. European stocks are lower today following disappointing
earnings reports from Infineon Technologies and ASM International. However,
strong results from British oil giant BP PLC is providing the U.K. with some
support.
The June contract on sweet crude oil eased back 82 cents after four days of
gains. As we so often see, round-number levels often have great significance,
and today's high for crude was 56.00 exactly. But talk on the Street has it
that gasoline rather than crude, is now the vital fluid to watch.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
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DYNAMIC MARKET OPPORTUNITIES
Investors suffered an early shock Monday morning, with the news that crude oil
prices are steadily climbing closer to US$60 amid "a possible squeeze on
gasoline supplies this summer." Having correctly predicted that oil would dip
under US$50 per barrel just a couple of weeks ago, Ian Cooper, investment
editor at Red Zone Profits, EVS, and Doji Master trading services is now
predicting that prices will top US$60 by early May, as demand stays strong
entering the summer driving season. Oil is a subject set to dominate the
financial headlines, with 18 of the industry's biggest players set to release
earnings in the next two weeks. Among them: Exxon-Mobil and Conoco-Phillips on
Wednesday. Exxon alone is projected to post an impressive 54% growth in
earnings-per-share. Friday sees second biggest US oil producer Chevron-Texaco
report earnings, just one day after the earnings release of the company it
recently agreed to buy out, ninth-ranked Unocal. Since oil prices heavily
affect gasoline prices, the market sits at an important juncture as the US
gears up for the busy summer season. That, coupled with fresh inflationary
pressure, and constant speculation about the end of the real estate boom has
investors concerned. Among the economic releases: Consumer spending and income
data; durable goods orders; home sales will all contribute to the market's
mood, with the highlight being Thursday when the Commerce Department releases
its initial figure on first quarter US GDP growth. According to a MarketWatch
poll, that figure could hit 3.6%, just a little slower than the 3.8% growth
pace posted during the fourth quarter -- not bad, considering the inflationary
pressures heating up, an inconsistent job market, ballooning oil prices, and
the upward march of interest rates.
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TODAY'S ECONOMIC CALENDAR
7:45 A.M. April 23 ICSC Store Sales Index
8:55 A.M. April 23 Redbook Retail Sales Index
10:00 A.M. March New Home Sales
10:00 A.M. April Richmond Fed Mfg Index
10:00 A.M. April Conference Board Consumer Confidence Index
5:00 P.M. April 23 ABC/Washington Post Consumer Confidence Index
Man Securities Inc. is one of the world's leading option order execution firms.
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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.
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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