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Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
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NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
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HANG SENG 22,760.24 64.23 0.28%

MORNING UPDATE: Man Securities Issues Alerts for HPQ, L, APPX,


MDT, and NITE

CHICAGO, Oct. 7 /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 HPQ, L, APPX, MDT, and NITE, Market Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"All the earnings that are coming out next week had better justify what we've already priced into equities, which is better earnings coming out of the larger companies."


    -- Ted Oberhaus, manager of equity trading, Lord Abbett & Co
      New PriceWatch Alerts for HPQ, L, APPX, MDT, and NITE...
      PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
    -- Hewlett Packard (NYSE: HPQ)
       Last Price 20.48 - FEB 20.00 CALL OPTION@ $2.20 -> 9.4 % Return
       assigned*
    -- Liberty Media (NYSE: L)
       Last Price 10.55 - JAN 10.00 CALL OPTION@ $1.00 -> 4.7 % Return
       assigned*
    -- American Pharmaceutical Partners (Nasdaq: APPX)
       Last Price 26.20 - NOV 25.00 CALL OPTION@ $3.50 -> 10.1 % Return
       assigned*
    -- Medtronic Inc. (NYSE: MDT)
       Last Price 44.78 - JAN 45.00 CALL OPTION@ $2.15 -> 5.6 % Return
       assigned*
    -- Knight Trading Group, Inc. (Nasdaq: NITE)
       Last Price 13.95 - NOV 12.50 CALL OPTION@ $2.00 -> 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: www.investorsobserver.com/mu18

(Note: You may need to copy the link above into your browser then press the [ENTER] key)

** For a FREE subscription to The Wall Street Journal, Investors Business Daily, or Financial Times go to www.InvestorsObserver.com/freenews

NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.

MARKET OVERVIEW

Overseas markets have deviated about 180 degrees from the same time yesterday. Currently just two of the 15 markets that we track are positive. The cumulative average return on the group stands at a minus 0.529 percent. In the "for what it's worth" column, Japan posted a merchandise trade surplus of 597.11 billion yen in the first 20 days of September. The good news for a nation that needs to export itself into economic prosperity is that exports rose 25.9 percent from the 474.42 billion yen surplus in the year-earlier period. Now you have to consider that the yen rose by 2.1 percent versus the U.S. dollar during that period. Since September 20, the yen has advanced by another 2.5 percent on the U.S. dollar. Industrial production in the United Kingdom declined by 0.9 percent in August on the heels of a 0.1 percent decline in July. On a year-over-year basis, August fell short by 0.9 percent compared to July's revised plus 0.2 percent. Analysts were looking for a plus 0.2 percent and plus 0.5 percent respectively.

The two weekly reports on the health of the retail sector will be released before the market open today. The BTM-UBS Retail Sales Index for the week ending September 27 demonstrated a 0.4 percent decline. Not to be outdone, the Redbook Retail Sales Index for the same period declined by 1.3 percent for its fourth consecutive weekly decline. The persistence of this job-loss recovery has started to weigh heavily on the U.S. consumer. Forget the so-called sentiment and confidence polls; recall that the August retail monthly sales figure came in at plus 0.6 percent. This report was weaker than both the prior month and expectations pegged at plus 1.6 percent. Now that's the bottom line here (it's not what they say, but rather what they do). Speaking of the consumer, how would you like to wake up one morning and find out that your level of debt was over $1.7 trillion? Well at 3:00 p.m. today, the August Consumer Credit will be released. In July, that figure rose by $6 billion to $1.7744 trillion, demonstrating an annual growth rate of 4.1 percent. Finally, a taste of the third quarter earning season as Yum! Brands is joined by PepsiCo and DJIA component Alcoa in setting this season's stage. Now one would suspect that expectations are high for Q3 earnings. After all these are the first reports of the second half, this is supposed to be reflective of improvement in the economy. Also eerily absent has been the rash of earning warnings, which typically cause the storm before the calm (after all, their purpose to spread out investor ire). In theory, corporate America has slashed expenses to the bone, so any growth in core business should flow relatively unencumbered to the bottom line. We shall see.

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


      TODAY'S ECONOMIC CALENDAR
    7:45 a.m.: BTM-UBS Retail Sales Index for the week ending October 4 (last
               minus 0.4 percent).
    8:55 a.m.: Redbook Retail Sales Index for the week of October 4 (last
               minus 1.3 percent).
    3:00 p.m.: August Consumer Credit (last plus $6 billion).

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.mansecurities.com/mu.html .

This Morning Update was prepared with data and information provided by:

InvestorsObserver.com -- Better Strategies for Making Money -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $420, see: www.investorsobserver.com/must

Schaeffer's Investment Research -- Sign up for your FREE e-weekly, Monday Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now http://www.investorsobserver.com/freemo

PowerOptionsPlus -- The Best Way To Find, Compare, Analyze, and Make Money On Options Investments. For a 14-Day FREE trial and 5 FREE bonuses go to: www.PowerOptionsPlus.com

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.

SOURCE Man Securities


    -0-                             10/07/2003
    /CONTACT:  Michael Lavelle of Man Securities, +1-800-837-6212/
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840/
    /Web site:  http://www.mansecurities.com/mu.html /

(HPQ L APPX MDT NITE)

CO: Man Securities; Hewlett Packard; Liberty Media; American Pharmaceutical

Partners; Medtronic Inc.; Knight Trading Group, Inc. ST: Illinois IN: FIN PUB SU:

-0- Oct/07/2003 13:18 GMT

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