MORNING UPDATE: Man Securities Issues Alerts for BRCD, MRVL, CD, FDRY, and TSG
March 01 2004 - 8:26AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for BRCD, MRVL, CD,
FDRY, and TSG CHICAGO, March 1 /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 BRCD, MRVL, CD, FDRY, and TSG,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "When you're in the middle of a political
campaign, there is no way that candidates on either side are going
to try to do anything on Social Security -- period." -- Leon
Panetta, former chief of staff, White House New PriceWatch Alerts
for BRCD, MRVL, CD, FDRY, and TSG... PRICEWATCH ALERTS - HIGH
RETURN COVERED CALL OPTIONS -- Brocade Communications Systems Inc.
(NASDAQ:BRCD) Last Price 6.96 - JUL 6.00 CALL OPTION@ $1.40 ->
7.9 % Return assigned* -- Marvell Technology Group Ltd.
(NASDAQ:MRVL) Last Price 45.75 - APR 45.00 CALL OPTION@ $2.85 ->
4.9 % Return assigned* -- Cendant Corp. (NYSE:CD) Last Price 22.70
- MAY 22.50 CALL OPTION@ $1.20 -> 4.7 % Return assigned* --
Foundry Networks Inc. (NASDAQ:FDRY) Last Price 23.60 - APR 22.50
CALL OPTION@ $2.35 -> 5.9 % Return assigned* -- Sabre Holdings
Corp. (NYSE:TSG) Last Price 22.69 - APR 22.50 CALL OPTION@ $1.25
-> 4.9 % Return assigned* * To learn more about how to use these
alerts and for our FREE report, "The 18 Warning Signs That TellYou
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 are charging hard right out of the gate, as 14 of
the 15 markets that we track are currently positive. The cumulative
average return on the group stands at a positive 0.454 percent,
headed up by the 2.088 percent surge in the Nikkei overnight. The
rally was said to have been broad- based (developing over a general
array of sectors) and pushed the index to a level not seen since
June 11, 2002. The February Purchasing Managers Manufacturing Index
in Germany rose to 53.4 from a 53.0 reading in January, indicating
that the manufacturing sector continues to expand in that country.
The figure bested analysts' opinions for a 52.8 reading (which
seems to have been based upon the strength in the euro). Before the
market open we will be informed on the January Personal Income
numbers. Currently analysts expect a rise of 0.6 percent,
accelerating from December's 0.2 percent advance. The companion
report, January Personal Spending, is expected to match the prior
month with a 0.4 percent rise. I have yet to see this report move
the market. At 10:00 a.m., January Construction Spending is seen at
plus 0.4 percent, matching December's 0.4 percent rate of growth
amid higher outlays on homes and educational facilities. The
December increase followed a revised 0.5 percent rise in November
from its initially reported 1.2 percent jump. Potentially a market
mover, the 10:00 a.m. release of the February Institute of Supply
Managers (ISM) Manufacturing Index is expected to show a reading of
62.0, slightly lower than January's strong 63.6 reading. Around the
noon hour, expect auto and truck sales figures for February to
start rolling across the wires. The earnings calendar starts off
quite light this week with homebuilder Hovnanian Enterprises
reporting its first quarter results, representing the most
interesting issue. The calendar struggles to hit 75 companies this
week as this earnings season is just about history. Be prepared for
the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. For more details andto sign up, go to:
http://www.investorsobserver.com/freemo DYNAMIC MARKET
OPPORTUNITIES This week will provide an interesting test for NASDAQ
bulls. With today the first trading day of a new month, we could
see a bullish trend, as new 401K and mutual fund money hits the
market. But Brit Ryle, chief analyst at Money Flow Matrix Trader,
believes the test will come from the technicals. "The NASDAQ closed
at the 50-day moving average last Thursday. And it only just moved
above it briefly on Friday before breaking below again. Downside
momentum has increased and daily stochastics may head down too.
Volume has been light during the NASDAQ's recent bounce attempt.
The rebound from support at 2,000 has been subdued and the index
appears ready to head down. With the NASDAQ looking weak, and new
fund money on the market, I'm curious to see if this trend
continues. Also, the February payroll numbers are due on Friday.
Eventually, I think we'll see an upside surprise here that will
give Greenspan the go-ahead to hike interest rates. I'm also
curious to see if stocks can make headway ahead of such a key
economic event. So in summary, I think the NASDAQ is headed down,
but I'm going to wait until later today to enter any new downside
positions." Read Brit's thoughts, plus those from a network of
other leading investment analysts, and get incisive and witty
economic commentary every day. Please follow this link:
http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR
8:30 a.m.: January Personal Income (seen at plus 0.6 percent, last
plus 0.2 percent). 8:30 a.m.: January Personal Spending (last at
plus 0.4 percent). 9:30 a.m.: Fed Gov. Olson speaks at banking
conference in Washington. 10:00 a.m.: January Construction
Spending. 10:00 a.m.: February Institute of Supply Managers (ISM)
Manufacturing Index (seen at 62.0, last 63.6). 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.investorsobserver.com/mancd This Morning
Update wasprepared 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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