MORNING UPDATE: Man Securities Issues Alerts for AMAT, TLAB,
CHICAGO, Dec. 2 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EST with new PriceWatch Alerts for key stocks.
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 assigned* -- 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 assigned* -- 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: 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, "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: http://www.investorsobserver.com/freemo
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).
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This Morning Update was prepared with data and information provided by:
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SOURCE Man Securities
-0- 12/02/2003 /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 /
(AMAT TLAB MCDTA WMI SCON)
CO: Man Securities; Applied Materials Inc.; Tellabs Inc.; McDATA Corp.; Waste
Management Inc.; Superconductor Technologies Inc. ST: Illinois IN: FIN PUB SU: INO
-0- Dec/02/2003 14:22 GMT