MORNING UPDATE: Man Securities Issues Alerts for C, ERTS, COCO, FRX, and SWIR
02 Septembre 2004 - 4:17PM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for C, ERTS, COCO,
FRX, and SWIR CHICAGO, Sept. 2 /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 C, ERTS, COCO, FRX, and SWIR,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "To those critics who are so pessimistic
about our economy, I say: 'Don't be economic girlie men.'" --
Arnold Schwarzenegger, Governor, California New PriceWatch Alerts
for C, ERTS, COCO, FRX, and SWIR... PRICEWATCH ALERTS - HIGH RETURN
COVERED CALL OPTIONS ----------- -- Citigroup Inc. (NYSE:C) Last
Price 46.45 - DEC 47.50 CALL OPTION@ $1.20 -> 5 % Return
assigned* -- Electronic Arts Inc. (NASDAQ:ERTS) Last Price 48.80 -
DEC 45.00 CALL OPTION@ $5.80 -> 4.7 % Return assigned* --
Corinthian Colleges Inc. (NASDAQ:COCO) Last Price 14.01 - OCT 12.50
CALL OPTION@ $2.00 -> 4.1 % Return assigned* -- Forest Labs
(NYSE:FRX) Last Price 41.98 - NOV 40.00 CALL OPTION@ $4.00 ->
5.3 % Return assigned* -- Sierra Wireless Inc. (NASDAQ:SWIR) Last
Price 17.58 - SEP 17.50 CALL OPTION@ $1.25 -> 7.2 % 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: 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 appear
reasonably firm, as 12 of the 15 markets that we track are
currently positive. The cumulative average return on the group
stands at a plus 0.303 percent. News out of Germany this morning
highlights the frailty of the economic recovery of the Euro-Zone's
largest economy. Unemployment in Germany rose sharply in August,
with the number of unemployed people jumping by 24,000 in
seasonally adjusted terms following a revised rise of 12,000 in
July. Economists polled were looking for a rise of just 7,000 in
the number of unemployed. Sentiment indicators on the German
economy have been faltering of late and this report will indeed add
fuel to further declines. As expected, the European Central Bank
(ECB) left its key interest rates unchanged. The minimum bid rate
was held at a historically low 2.0 percent. Before the start of the
regular session, Initial Jobless Claims for the week ending August
28 expected to have declined by 6,000, more than offsetting last
weeks surprise 10,000 rise. Sharing the same time slot Second
Quarter Productivity is expected to have been revised lower to a
plus 2.7 percent from plus 2.9 percent. Back in the day when
employment numbers failed to show the expected growth matching the
rise in economic activity, it was the productivity of the American
worker, which was partially responsible for keeping that number
depressed. At 10:00 a.m., another report out of the factory gates
via the July Factory Orders report. Orders are expected to have
jumped by 1.1 percent, improving further on June's 0.7 percent
rise. Keep an eye on your favorite retailers today as August Chain
Store Same Store Sales will be released throughout the session. 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 Almost 12 years ago to the day, it was Hurricane
Andrew that made its presence known in South Florida, costing the
insurance industry an estimated US$18.5 billion. But it's not
Andrew making headlines these days - it's Hurricanes Charley and
Frances. As Frances makes its way to the southeastern Bahamas
packing winds of 140 mph, reports already estimate it's twice as
big as Charley in terms of size. Forecasts indicate it will make
landfall in Florida by early Saturday. But should it fail to weaken
beforehand, this would be the first time since 1915 where two
hurricanes of such force made U.S. landfall in the same year. While
Charley could cost the insurance industry an estimated US$6.8
billion, classifying it as the costliest storm since Andrew,
there's no telling what kind of an impact Frances will have on the
battered state. Insurance costs from Charley will reportedly cost
Allstate an estimated US$425 million in pretax losses, the St. Paul
Travelers Companies an estimated US$140 million, and the Hartford
Financial Services Group an estimated US$91 million. While each of
the insurance companies mentioned can now better withstand the
pressures faced 12 year ago, look for further downside in each of
the mentioned insurance companies. The 247Profits Group suggests
buying puts on Allstate. 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
8:30 a.m.: Initial Jobless Claims for the week ending August 28
(last plus 10,000). 8:30 a.m.: Second Quarter Productivity Revised
(last plus 2.9 percent). 10:00 a.m.: July Factory Orders (last plus
0.7 percent). 10:00 a.m.: DJ-BTM Business Barometer for the week
ending August 21 (last unchanged). 4:30 p.m.: Money Supply. 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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