UAIR US Airways Grp Cla (MM)

MORNING UPDATE: Man Securities Issues Alerts for TSN, IBC, SCH, IMCL, and UAIR CHICAGO, Aug. 31 /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 TSN, IBC, SCH, IMCL, and UAIR, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "People around the world rightly have confidence in the U.S. financial markets." -- John Snow, Treasury Secretary NewsWatch Alerts for TSN, IBC, SCH, IMCL, and UAIR ... NEWSWATCH ALERTS - News That Could Move These Stocks Today Tyson Foods Inc. (NYSE:TSN)* Announced, before the bell yesterday, that it has lowered its fiscal year earnings range to $1.08 to $1.15 per share. The company stated that the guidance would result in expected earnings per share growth of 13% to 20% for the year. Analysts expect the company to earn $1.45 per share for FY2004. TSN also revealed that results for fourth quarter to be more difficult, primarily due to unfavorable results from grain hedging activity. Furthermore, contributing to the problems were weaker than expected demand in the chicken and beef segments, as Atkins interest wanes, and raw material costs for the prepared foods products not declining as expected. The stock closed down $1.16 at $16.26 off 8.5%. * 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) Interstate Bakeries Corp. (NYSE:IBC) The maker of Wonder Bread and Hostess snacks missed its deadline for filing its 2004 annual report again after getting an extension to last Friday. Investors wasted no time in dumping the stock and it closed at $4.70 down $3.20, losing 40.5%. Based on a report by IBC's own independent auditors there is substantial doubt about the company's ability to continue as a going concern. And Credit Suisse First Boston stated that Chapter 11 is a very real possibility. IBC cites the Atkins craze and SEC questions regarding how it books reserves have led to the problems. IBC also announced it had hired turnaround firm Alvarez & Marsal to assist it while talking to its bankers. Perhaps, but not likely, Twinkies will no longer be the "food of the future," but rather, the "food of the past." Charles Schwab & Co. Inc. (NYSE:SCH) According to media reports, the brokerage may sell its capital markets stock-research and SoundView Technology operation for $265 million to Swiss Bank UBS after paying around $340 million for the unit. Although the move is seen a positive thing because the unit has never been profitable and was a distraction from core business, SCH could writedown up to $500 million. Pressure from online competitors and several self inflected wounds has been squeezing the company's margins. The stock closed down $0.29 at 9.47 off 3.0%. ImClone Systems Inc. (NASDAQ:IMCL) Oppenheimer issued a research report that was pessimistic about the drug maker's sales of its Erbitux colon cancer drug. Sales have of the drug have fallen to $25.4 million last month, down from June's total of $30.1 million. This was the first quarter off for the drug since the release in February 2004 and lends credence to the idea that a significant backlog of patient demand was a contributing factor to Erbitux's strong launch. Some analysts are forecasting 3Q sales in the area of $85-$95 million but if the returns come in lower there is concern that investors will punish the stock for the disappointment. The stock lost $4.25 to close at 51.75 and fell further in after hours trading. US Airways Group Inc. (NASDAQ:UAIR) The airline's pilots union said it was ready to resume negotiations with the company. And they proposed new contract terms to management Monday morning, who in turn made a counteroffer. The union last week refused to endorse a company plan for $295 million of concessions. UAIR climbed steadily to the upside after the open on Monday morning and closed higher by 0.94 at $2.79 on above average volume. A gain of 50.8%. In after hours trading the stock gained a further $0.67 or 31.6%. The stock is now trading at a 2 1/2 week high and has re-crossed its 50-day moving average. ** 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 performing on a sub-par basis as only two of the 15 markets that we track have been able to post positive presentations. The cumulative average return on the group stands at a minus 0.397 percent. Before the start of the overnight session in Japan some disappointing data created a negative mindset for investors. July's industrial output in the country was flat on expectations for a 1.2 percent rise. The Nikkei shed 103 points, but remains suspended above the key 11,000 level. A couple pieces of economic data with the potential to move the market will be released early in the session today. The ICS-UBS Store Sales Index for the week ending August 21 rose by 0.1 percent while the Redbook Retail Sales Index for the same period declined by 1.0 percent. At 10:00 a.m., the August Conference Board Consumer Confidence Index is expected to have slipped a bit to 103.5 from the 106.1 logged in July. Now might be a good time to remind you that the smaller University of Michigan consumer sentiment survey rose to 95.9 at the end of August from the mid-month reading of 94.0, but was lower than the 96.7, which concluded the month of July. Sharing the same time slot is a read on the health of manufacturing in the Chicago area. The August Chicago Purchasing Management Index is expected to have slipped a bit to 60.0 from July's 64.7. This report is important from the perspective that it often mirrors the National Institute of Supply Management (ISM) Manufacturing index, which is scheduled for release tomorrow. Pay close attention to the employment and new orders indexes as potential market movers aside from the headline figure. 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 As the Republican Convention got underway in New York yesterday, terrorist fears are back on the agenda. With the stock market already in the midst of pre-Labor Day doldrums, many traders may also look to avoid the NYSE during the RNC because of terror concerns and problematic commutes to the city. Some companies are allowing employees to work at home and that, coupled with the upcoming vacation may lead to light trading this week. The market is also treading water in anticipation of the Labor Department's job report for August, scheduled to be released at 8:30 Friday morning. This will be a hot issue heading into the November election and is likely to steal some of George Bush's headlines. After July's awful 32,000 new jobs, economists are hedging their bets ahead of the report, with forecasts in a range of 50,000 to 300,000. The numbers aren't likely to generate much for the Republicans to boast about, or the Democrats to attack. If numbers come in at less than a six-digit figure, the Federal Reserve could likely slow down its rate-hike steps. The US will hear from Chairman Alan Greenspan again on September 21, and if jobs numbers are healthy, he'll likely maintain his "summer soft patch" theory and continue with the planned hike at a "measured pace." Tomorrow, investors will hear the latest gauge of US manufacturing sector activity from the Institute for Supply Management index of manufacturers. That is expected to fall below the 60-point mark. 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.: ICS-UBS Store Sales Index for the week ending August 28 (last plus 0.1 percent). 8:55 a.m.: Redbook Retail Sales for the week ending August 28 (last minus 1.0 percent). 10:00 a.m.: August Conference Board Consumer Confidence Index (last 106.1). 10:00 a.m.: August Chicago Purchasing Management Index (last 64.7). 6:30 p.m.: ABC/Money Magazine Consumer Confidence Index for the week ending August 28 (last minus 9). 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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