CHICAGO, Dec. 2 /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 AMAT, TLAB, MCDTA, WMI, and SCON,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"I think it's just a matter of time before we reach some milestones
here -- Dow 10,000 and Nasdaq 2,000."
-- Peter Cardillo, chief strategist Global Partners Securities
New PriceWatch Alerts for AMAT, TLAB, MCDTA, WMI, and SCON...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Applied Materials Inc. (Nasdaq: AMAT)
Last Price 24.21 - JAN 25.00 CALL OPTION@ $1.00 -> 7.7 % Return
-- Tellabs Inc. (Nasdaq: TLAB)
Last Price 7.69 - JAN 7.50 CALL OPTION@ $0.65 -> 6.5 % Return assigned*
-- McDATA Corp. Class A (Nasdaq: MCDTA)
Last Price 10.60 - APR 7.50 CALL OPTION@ $3.50 -> 5.6 % Return
-- Waste Management Inc. (NYSE: WMI)
Last Price 29.25 - APR 30.00 CALL OPTION@ $0.95 -> 6 % Return assigned*
-- Superconductor Technologies Inc. (Nasdaq: SCON)
Last Price 7.13 - APR 5.00 CALL OPTION@ $2.55 -> 9.2 % 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:
(Note: You may need to copy the link above into your browser then press
the [ENTER] key)
** For the FREE report, "WiFi - The Buzz, The Facts, and a Company That
Could Be The Next Microsoft", go to: www.investorsobserver.com/freewifimu
NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
Overseas markets seem to be enduring a rather bland session with 11 of the
15 markets that we track offering up marginally positive performances. The
cumulative average return on the group stands at a positive 0.213 percent.
The Producer Price Index in the Euro Zone rose by an expected 0.1 percent in
October and stood higher by 0.9 percent on a year-over-year basis. This
seemingly tame report on inflationary pressures should allow the European
Central Bank (ECB) a little breathing room when it meets this Thursday to
decide near-term interest rates.
Today the two weekly reports on the health of the retailing sector may
carry additional clout this time around. Both reports are for the week ending
November 29, which includes "Black Friday" (that day after Thanksgiving on
which customers are supposed to knock down the doors of retailers and put them
in the black for the year) and its companioned Saturday. For the prior week,
the verdict was mixed with the BTM-UBS Chain Store Sales advancing by 0.4
percent while the Redbook Retail Sales Index for the same period declined by
2.9 percent. With all of the positive talk over last Thursday's numbers, both
reports had better be standouts as expectations were driven quite high. The
pressure does not let up today, however, as many retailers will report their
same-store-sales figures on Thursday.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE
Monday Morning Outlook. For more details and to sign up, go to:
TODAY'S ECONOMIC CALENDAR
6:20 a.m.: Federal Reserve Vice Chairman Ferguson addresses the
International Center for Business Information's risk
management conference on Basel II in Geneva.
7:45 a.m.: BTM-UBS Chain Store Sales for the week of November 29 (last
plus 0.4 percent).
8:55 a.m.: Redbook Retail Sales Index for the week of November 29 (last
minus 2.9 percent).
10:00 a.m.: November Challenger Layoff Survey (last plus 125 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.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
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:
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
available upon request.
SOURCE Man Securities
/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 /
(AMAT TLAB MCDTA WMI SCON)
CO: Man Securities; Applied Materials Inc.; Tellabs Inc.; McDATA Corp.; Waste
Management Inc.; Superconductor Technologies Inc.
IN: FIN PUB
-0- Dec/02/2003 14:22 GMT
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