MORNING UPDATE: Man Securities Issues Alerts for EMC, TSG, CZR, FCX, and ENDP
April 01 2004 - 9:41AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for EMC, TSG, CZR,
FCX, and ENDP CHICAGO, April 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 EMC, TSG, CZR, FCX, and ENDP,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "Wall Street firms are playing thewhisper
game with Friday's payroll report again. Many are talking about the
probability of a 200,000-plus rise." -- Chris Low, chief economist,
FTN Financial. New PriceWatch Alerts for EMC, TSG, CZR, FCX, and
ENDP... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- EMC
Corp. (NYSE:EMC) Last Price 13.61 - JUL 13.00 CALL OPTION@ $1.40
-> 6.5 % Return assigned* -- Sabre Holdings Corp. (NYSE:TSG)
Last Price 24.81 - AUG 22.50 CALL OPTION@ $3.30 -> 4.6 % Return
assigned* -- Caesars Entertainment Inc. (NYSE:CZR) Last Price 13.04
- JUL 12.50 CALL OPTION@ $1.05 -> 4.3 % Return assigned* --
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) Last Price 39.09
- AUG 35.00 CALL OPTION@ $6.00 -> 5.8 % Return assigned* -- Endo
Pharmaceuticals Holdings (NASDAQ:ENDP) Last Price 24.42 - MAY 20.00
CALL OPTION@ $5.30 -> 4.6 % 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 are
looking surprisingly positive as 12 of the 15 markets that we track
are above their flat-line figures. The cumulative average return on
the group stands at a positive 0.395 percent. Positive news out of
Japan as the Tankan survey of business showed improvement in the
first quarter. For the first time since 1996, the diffusion index
for both large manufacturers and large non-manufacturers improved.
For reference, the large manufacturers' diffusion index came in at
12 in the first quarter, improving on the reading of 7 in Q4 and
versus expectations for a 10. Before the market open today, the
final weekly initial jobless claims report before the monthly
non-farms report is released tomorrow. Initial Jobless Claims for
the week ending March 27 is expected to have risen by 1,000,
matching the prior week's 1,000 advance to 339,000. In the prior
week, the four-week average declined by 3,000 to 341,500, its
lowest level since the week after George W. Bush was inaugurated
president of the U.S. So where are the jobs? Sharingthe same time
slot, but secondary in nature, February Construction Spending is
seen as unchanged, which would be an improvement over the prior
month's 0.3 percent decline. At 10:00 a.m., the March Institute for
Supply Managers (ISM) Manufacturing Index is expected to have
declined to 60.2 versus the 61.4 posted in February. Now don't
forget that the Chicago Purchasing Management Index for March came
in below expectations at 57.6. Two items of concern in the Chicago
report, the Prices Paid Index surged to 75.7 versus the already
high 66.9 of February and the Employment Index slipped back into
contraction mode at 49.2 versus February's 54.8 (recall that a
reading above 50 indicates expansion in the index or a component,
while a reading below 50 indicates a contraction). Finally, at
selected time frames throughout the session General Motors, Ford
and Daimler Chrysler will release their March monthly unit
auto/truck sales. 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 With yesterday's timid market
performance, the first quarter ended with a whimper, extending its
recent shaky trend. Investors are concerned about the March job
data announcement on Friday, as well as OPEC's decision to go ahead
with a one million barrel per day oil production cutback, despite
13-year high oil prices. This is a market driven by fear. So even
if the job report is positive, don't expect much. At the Money Flow
Matrix Trader, investment director Brit Ryle's charts show the
NASDAQ in overbought territory, but momentum getting stronger. "For
the last couple of days, the NASDAQ has been pinned between its
20-day and 35-day moving average. The 50-day is sitting at 2025 --
my target for today. That's because it's April 1, and the first day
of the month is usually bullish as new pension fund money gets
dumped into stocks." One of those could be Microsoft. The company
is planning a huge cash dividend to its stockholders sometime this
summer. The company has $52 billion in cash, so they're going to
give some back to shareholders. This noble gesture should boost the
stock price as investors hustle for the money. Receive incisive
economic/market commentary, profitable advice and access to a
network of leading investment experts. Simply follow this link:
http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR
8:30 a.m.: Initial Jobless Claims for the week ending March 27
(seen at plus 1,000, last plus 1,000). 8:30 a.m.: February
Construction Spending (seen as unchanged, last minus 0.3 percent).
10:00 a.m.: March Institute for Supply Managers Manufacturing Index
(seen at 60.2, last 61.4). 10:00 a.m.: DJ-BTM Business Barometer
for the week ending March 20 (last plus 0.1 percent). 10:30 a.m.:
Fed Governor Bernanke speaks at the unveiling of a financial
literacy survey in Washington, D.C. 12:00 p.m.: Treasury Secretary
Snow tours Cenco Manufacturing Co. in Albuquerque, New Mexico.
12:00 p.m.: Chicago Fed President Moskow addresses a symposium in
Dayton, Ohio. 12:30 p.m.: Fed Governor Kohn speaks on monetary
policy and economic imbalances at Widener University in Chester,
Pennsylvania. 4:30 p.m.: Treasury Secretary Snow tours GateWay
Community College in Phoenix, Arizona. 4:30 p.m.: Money Supply. 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 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
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247profits e-Dispatch. Go to:
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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 optionsshown 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 commissionsor 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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