COCO Vita Coco Company Inc

MORNING UPDATE: Man Securities issues NewsWatch Alerts for COCO, ADBE, GILD, SPW, and HD CHICAGO, Aug. 3 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EDT with new NewsWatch Alerts for key stocks. (Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before the open... NewsWatch Alerts for COCO, ADBE, GILD, SPW, and HD, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The manufacturing sector continues to grow at a rapid rate." -- Norbert J. Ore, chairman survey committee, The Institute for Supply Management NewsWatch Alerts for COCO, ADBE, GILD, SPW, and HD ... NEWSWATCH ALERTS - News That Could Move These Stocks Today Corinthian Colleges Inc. (NASDAQ:COCO) Monday morning Corinthian Colleges issued guidance news warning that it now expects to report 4Q 2004 EPS of $0.19 to $0.20 and 1Q2005 EPS of $0.17 to $0.19. The consensus estimates are for EPS of $0.28 in 4Q 2004 and $0.28 1Q 2005. Overall earnings for the FY 2004 should be in the range of $0.86 to $0.87 per share. The consensus was for $0.97 per share for FY 2004. COCO moved substantially down on Monday to a new low for the year and closed down 8.42 at $10.30, 45% down. JP Morgan Chase & Co. responded by downgrading COCO. Adobe Systems Inc. (NASDAQ:ADBE) ADBE announced it was raising its 3Q earnings guidance to $0.36 to $0.41 per share from its earlier guidance of $0.31 to $0.36 per share. The average for earnings expectations are pegged at $0.34 per share for the 3Q. The Company attributed the increase to greater than expected revenue thus far in the quarter for its Acrobat product family and Creative Suite products. Mark your calendar for 3Q results on September 20 after the bell. ADBE closed Monday's session at $41.97, down 21 cents, but gained $1.84 in after hours trading. Gilead Sciences Inc. (NASDAQ:GILD) Announced that its drug Truvada has been granted accelerated approval by the FDA. Truvada is a fixed-dose combination comprising of two anti-HIV medications for the treatment of HIV-1 infection in adults. The company is moving to conduct additional stability studies of Truvada in hot and humid climates because they intend to include the drug in the Gilead Access Program which seeks to pipeline anti-HIV medications into the developing world. The stock closed down $1.14 at $63.50 but jumped $0.40 to $63.90 in the after market. SPX Corp. (NYSE:SPW) Reported 2Q results of $54.6 million, or 72 cents a share, compared with $53.8 million, or 69 cents a share, in the same quarter a year ago. Earnings from continuing operations rose 94 cents a share from 65 cents a share last year. This beat the consensus expectation by a cent. The increase was due to a $33.3 million tax benefit. Margins were hurt by increasing raw material costs, pension expenses, and the expensing of restricted stock. The outlook floor was raised to a range of $3.50 to $3.60 a share from the April estimate of $3.41 to $3.60 a share. Home Depot Inc. (NYSE:HD) Workers in Suburban Detroit voted on Friday whether to unionize and join the United Food and Commercial Workers. They subsequently rejected the bid by a vote of 115 to 42 against joining. The company took the results as "a vote of confidence" from its workers. The union is undeterred and will make their next attempt at a store in Flint, Michigan, which is about 60 miles northwest of Detroit. The Stock closed up $0.31 at $34.03 on Monday. * 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/mu18n (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 seem to know something that U.S. futures traders don't, as 14 of the 15 markets that we track are currently positive. The cumulative average return on the assemblage stands at a plus 0.443 percent. The jobless rate in the Euro-Zone remained obstinately high in June holding at a 9.0 percent rate. According to data released this morning 12.7 million individuals remained without work. The region has failed to join in on the recent rise in trend in employment numbers enjoyed by both the U.S. and Japan, sporting jobless rates of 5.6 percent and 4.6 percent respectively. In fact, over the 12 month period ending in June, the European collective has shed 200,000 jobs. Before the start of regular trade, both weekly reports on the health of retailing for the last week of July will be released. For the record, the ICSC-UBS Store Sales Index for the week ending July 24 rose by 0.2 percent while the Redbook Retail Sales figure for the same period declined by 0.3 percent. At 8:30 a.m., the June Personal Income and Spending will be released. Personal Income is seen at plus 0.2 percent, slowing a bit from May's 0.6 percent rise. June Personal Spending is seen as unchanged, slipping from the prior month's 1.0 percent increase. This pair of reports deals with a hint of potential inflation with a smidgen of consumer willingness to spend. Analysts expect domestic light vehicles sales to have recovered in July to an annualized 13.2 million units from June's 12 million. 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 DYNAMIC MARKET OPPORTUNITIES A new week ... a new month ... and a fresh batch of terrorism warnings from the U.S. Department of Homeland Security. Not the start investors wanted -- particularly given the already unpredictable nature of the markets. The government raised the terrorist alert level to "high" in Washington DC, New York and Newark, NJ. That sent jitters rippling through the oil markets as the price per barrel climbed close to $44 -- a new 21-year high. Naturally, the stock markets absorbed a few heavy blows early on yesterday, with nervous investors running towards safe haven investments like gold and defense/security stocks. But they performed surprisingly well, with all three major indices closing in positive territory. At the Taipan Group's Money-Flow Matrix Trader investment service, market analyst Brit Ryle says the NASDAQ's downtrend has been broken. But he warns, "The current mini-rally needs to make headway Tuesday and Wednesday. If it reverses course without moving above 1,900, the charts will look bearish and it will likely see recent lows at 1830." Ryle was correct in his analysis that the index would move above 1,880 before the yesterday's close (1,892.09), but maintains his assertion that a move above 1,900 needs to happen by Wednesday in order to establish new ground. The Philadelphia Semiconductor Index's gain positively affected the Novellus calls Ryle recommended to investors -- a position he's up 30-40% on so far. Receive incisive economic/market commentary, profitable advice and access to a network of leading investment exports. Simply follow this link: http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR 7:45 a.m.: ICSC-UBS Store Sales Index for the week ending July 31 (last plus 0.2 percent). 8:30 a.m.: June Personal Income (seen at plus 0.2 percent, last plus 0.6 percent). 8:30 a.m.: June Personal Spending (seen as unchanged, last plus 1.0 percent). 8:55 a.m.: Redbook Retail Sales for the week ending July 31 (last minus 0.3 percent). 10:00 a.m.: July Challenger Layoff Survey (last minus 12 percent). 6:30 p.m.: ABC/Money Magazine Consumer Confidence Index for the week ending July 31 (last minus 7). Man Securities is one of the world's leading option order execution firms. Man's in-house broker team offers a level of personal service and experience unavailable from no-frills discount brokers. To improve your understanding of option pricing get Man's FREE "Margin/Option Wizard software at: http://www.investorsobserver.com/mancd. Member CBOE/NASD/SPIC. 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: http://www.investorsobserver.com/must 247profits.com: You'll get exclusive financial commentary, access to a global network of experts and undiscovered stock alerts. Register NOW for the FREE 247profits e-Dispatch. Go to: http://www.investorsobserver.com/agora 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: http://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. http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO http://photoarchive.ap.org/ DATASOURCE: Man Securities CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212 Web site: http://www.mansecurities.com/mu.html

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