RJ Reynolds Tob (NYSE:RJR)
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From Jun 2019 to Jun 2024
MORNING UPDATE: Man Securities Issues Alerts for ATML, CYBX, MRK,
CA, and RJR
CHICAGO, June 15 /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 ATML, CYBX, MRK, CA, and RJR, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"We think last week's speech was the Central Bank's blatant attempt to warn the
market that a hike or series of hikes is about to occur."
-- Kent Engelke, capital markets strategist, Anderson & Strudwick
New PriceWatch Alerts for ATML, CYBX, MRK, CA, and RJR...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Atmel Corp. (NASDAQ:ATML)
Last Price 5.61 - AUG 5.00 CALL OPTION@ $0.85 -> 5 % Return assigned*
-- Cyberonics (NASDAQ:CYBX)
Last Price 19.58 - JUN 15.00 CALL OPTION@ $5.30 -> 5 % Return assigned*
-- Merck & Company Inc. (NYSE:MRK)
Last Price 46.90 - OCT 47.50 CALL OPTION@ $1.75 -> 5.2 % Return
assigned*
-- Computer Associates International Inc. (NYSE:CA)
Last Price 27.44 - AUG 30.00 CALL OPTION@ $0.55 -> 11.6 % Return
assigned*
-- R.J. Reynolds Tobacco Holdings (NYSE:RJR)
Last Price 59.59 - JUL 60.00 CALL OPTION@ $2.85 -> 5.7 % 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 are failing to demonstrate a unified directive as just eight
of the 15 markets that we track are positive. The cumulative average return on
the collective stands at a plus 0.028 percent. The Nikkei shed 104 points
overnight for a third consecutive down session, but still maintains control
over its 10-day moving average. Justifying the Bank of England recent rate
hike, the consumer price index in the United Kingdom rose by 0.4 percent in
May. On the year-over-year basis, inflation rose by 1.5 percent. Fuel prices
were said to have added 0.2 percent to the annual inflation rate.
A terribly busy day today, as far as economic data is concerned. Keep in mind
that any item that alludes to increasing inflationary pressures and hence a
more aggressive move by the Federal Open Market Committee will pressure
equities and treasurys. The two weekly reports on the health of the retail
sector will be released this morning. The ICS-UBS Store Sales Index for the
week ending June 5 rose by 0.2 percent, while the Redbook Retail Sales for the
same period rose by 0.7 percent. May Business Inventories were expected to
have risen by 0.4 percent, slowing a bit from April's 0.7 percent jump. We
learned yesterday that Retail sales for the month of May jumped by 1.2 percent
thanks to a surge in auto sales. Even without auto sales, retail sales
advanced by 0.7 percent. Go one step further and pull out gas as well as auto
sales and you have a "discretionary" figure of plus 0.3 percent. Also at 8:30
a.m., a key indicator on inflation at the consumer level. The May Consumer
Price Index is expected to have advanced by 0.5 percent, which is much more
aggressive than the 0.2 percent rise posted in April. The core index, less
food and energy, is expected to have moderated to a plus 0.2 percent, down from
the prior month's 0.3 percent advance. Remember that we still have not
received the Producer Price numbers for May. There is the slim possibility
that those numbers could come in today. At 9:45 a.m., the June Preliminary
University of Michigan Sentiment is expected to advance slightly to 91.0 from
the final reading in May of 90.2. At 10:00 a.m., Fed Chairman Greenspan
testifies before U.S. Senate Banking Committee on his re-nomination. This
appearance is a reschedule from last week, but none the less important. Traders
will again look for clues as to just how aggressive the Fed could become as far
as adjusting interest rates to head off an inflationary episode.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. For more details and to sign up, go to:
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DYNAMIC MARKET OPPORTUNITIES
With a 29-point slide yesterday, the NASDAQ index finally dropped to its
important 50-day moving average. That had market analyst Brit Ryle at the
Taipan Group's Money-Flow Matrix Trader investment service asking: "Is this an
omen or an opportunity?" It turned out to be neither, as the index didn't hold
the moving average for long. Technical analysis is as much art as it is
science. Markets have a habit of overshooting targets, and it can be difficult
to time investment moves. In the current market climate, that's accentuated
when you consider that despite the Federal Reserve's "measured" pace of
interest rate increases, persistent inflation fears have some economists saying
rates will rise sooner rather than later. The Taipan Group believes the Fed
will raise rates by 0.25% at the end of the month. Anything more than that a
quarter-point in the uncertain days leading up to the U.S. handing over power
to the Iraqis would likely result in a big market drop. Elsewhere, despite
predictions that the trade gap would narrow to about $45 billion, it actually
widened another 3.8% to a record $48.3 billion. But it appears high gasoline
prices haven't alarmed the consumer too much -- May retail sales rose 1.2%.
Receive incisive economic/market commentary, profitable advice and access to a
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TODAY'S ECONOMIC CALENDAR
7:45 a.m.: ICS-UBS Store Sales Index for the week ending June 12 (last
plus 0.2 percent).
8:30 a.m.: May Business Inventories (last plus 0.7 percent).
8:30 a.m.: June Empire State Manufacturing Index (last plus 30.2).
8:30 a.m.: May Consumer Price Index (last plus 0.2 percent).
8:30 a.m.: May Consumer Price Index, ex-food and energy (plus 0.3
percent).
8:55 a.m.: Redbook Retail Sales for the week ending June 12 (last plus
0.7 percent).
9:45 a.m.: June Preliminary University of Michigan Sentiment (expected
91.0, last 90.2).
10:00 a.m.: Fed Chairman Greenspan testifies before U.S. Senate Banking
Committee on his re-nomination (rescheduled from last week).
1:00 p.m.: June NAHB Housing Index (last plus 69).
4:30 p.m.: Fed Governor Olson speaks on economic outlook in Charlotte,
N.C.
6:30 p.m.: ABC/Money Magazine Consumer Confidence Index for the week
ending June 12 (last minus 19).
Man Financial Inc is one of the world's major futures and options brokers and
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and institutions. Member CBOE/NASD/SIPC (CRD#6731). For more information and
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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: Michael Lavelle of Man Securities, +1-800-837-6212
Web site: http://www.mansecurities.com/mu.html