MORNING UPDATE: Man Securities Issues Alerts for QCOM, ATML, ISIL, UCOMA, and CNET
17 March 2004 - 1:23AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for QCOM, ATML, ISIL,
UCOMA, and CNET CHICAGO, March 16 /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 QCOM, ATML, ISIL, UCOMA, and
CNET, Market Overview, Today's Economic Calendar, and the Quote Of
The Day. QUOTE OF THE DAY "Retail sales rebounded this past week,
duein part to a pickup in federal tax refund monies." -- Michael
Niemira, chief economist, International Council of Shopping Centers
New PriceWatch Alerts for QCOM, ATML, ISIL, UCOMA, and CNET...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- QUALCOMM
Inc. (NASDAQ:QCOM) Last Price 62.82 - JUL 60.00 CALL OPTION@ $6.50
-> 6.5 % Return assigned* -- Atmel Corp. (NASDAQ:ATML) Last
Price 6.09 - MAY 5.00 CALL OPTION@ $1.30 -> 4.4 % Return
assigned* -- Intersil Corp. (NASDAQ:ISIL) Last Price 21.27 - APR
20.00 CALL OPTION@ $2.10 -> 4.3 % Return assigned* --
UnitedGlobalCom Inc. (NASDAQ:UCOMA) Last Price 8.52 - MAY 7.50 CALL
OPTION@ $1.35 -> 4.6 % Return assigned* -- CNET Networks, Inc.
(NASDAQ:CNET) Last Price 9.01 - JUL 7.50 CALL OPTION@ $2.15 ->
9.3 % 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 still appear a bit tattered with eight of the 15
markets that we track currently positive. The cumulative average
return on the group stands at a positive 0.010 percent. The rate of
inflation in the United Kingdom in February continued to fall away
from the Bank of England's ceiling target of two percent. The
Consumer Price index came in at plus 0.3 percent on the month and
plus 1.3 percent on a year-over-year basis, matching expectations
on both counts. Turning toward Germany, a key sentiment indicator
based upon the view of economist, the Zentrum fuer Europaeische
Wirtschaftsforschung's (ZEW) economicexpectations index dropped by
more than 12 points to 57.6 from 69.9 in February. The report was
also below expectations of 65.0. Fueling the decline in sentiment
seemed to be the disappointing U.S. employment figures, which
fanned fears that the U.S.recovery might not be sustainable. This
is the third consecutive decline in the index, but readings remain
quite high by historical standards. The March ZEW index was above
the cyclical low of 0.6 point in December 2002 and exceeded the
historical average of 34 points. A number above zero indicates that
more analysts are optimistic than pessimistic on the economic
outlook. Europe's largest economy is poised to grow between 1.5
percent and 2.0 percent in 2004, after contracting for the first
time in a decade in 2003. The Federal Open Market Committee (FOMC)
is not the only item on today's agenda, but the other items pale in
comparison as to their ability to move the market. Before the
market open, the two weekly reports on the well-being of theretail
sector are due for release. The ICS-UBS Store Sales Index for the
week ending March 6 declined by 0.3 percent, while the Redbook
Retail Sales Index for the same period declined by 0.7 percent. The
S&P Retail Index peaked before these reports were last
released, as it is currently some 4.8 percent beneath its March 5
high of 403.50. Irrespective, the sector has held up a tad better
than the broad market as represented by the SPX. At 8:30 a.m.,
February Housing Starts are seen rising by 1.0 percent following
January's surprise 7.9 percent decline to a seasonally adjusted
annual rate of 1.903 million. January's decline was the first fall
off since August and was accompanied by a 2.8 percent decline in
building permits. This figure is supposed to be an indicator of
future activity. At 9:00 a.m., the Federal Open Market Committee
(FOMC) meeting on interest rates is scheduled to get underway. At
2:15 p.m., the FOMC interest rate decision and policy statement are
expected to be released. Currently the market sees no chance of a
rate change, so it will all boil down to how carefully and with
what intent the group chooses to express its policy statement. As
always, watch that first "tick" accompanying the FOMC release, the
market has a habit of telegraphing its opinion in that first blink
of an eye. 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 Last week's bombings in Madrid may have cost
the U.S. a major ally. Fears that Al-Qaeda was behind the attacks
helped Spain's Socialists surprisingly win the election over the
ruling conservatives. The new Prime Minister-elect Jose Luis
Rodriguez Zapatero has already threatened to remove Spanish troops
by July. This isn't good for the Administration. For terrorists,
this sends a signal that it's possible to severely damage a ruling
party that acts tough on terrorism, and get what they want by
bombing the country. With the U.S. general election in November,
the chances of a terrorist hit Stateside may have just risen
considerably. That doesn't bode well for the already floundering
U.S. dollar or the markets. So with the bears roaming, consider the
advice of financial advisors, who suggest investing about 15% of
your portfolio in offshore markets. The thinking is that a bull
market always exists somewhere in the world. Country funds are a
good option. Though returns can vary, over time they are very
attractive investments. Red Zone investors have already been making
money this way for some time. Investment director Christian
DeHaemer has led traders to profits with plays like the Malaysia
Fund and India Fund. Other countries to consider include Thailand,
Indonesia, Japan and Russia. Russian stocks have risen about 18%
this year already, and the ING Russian Fund has an amazing return
of over 800% over the past five years. 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 March 13
(last minus 0.3 percent). 8:30 a.m.: February Housing Starts (last
minus 7.9 percent). 8:55 a.m.: Redbook Retail Sales Index for the
week ending March 13 (last minus 0.7 percent). 9:00 a.m.: Federal
Open Market Committee (FOMC) meeting on interest rates begins. 2:15
p.m.: FOMC interest rate decision and policy statement expected.
6:30 p.m.: ABC/Money Magazine Consumer Confidence Index (last minus
18). FYI: Illinois primary. Man Financial Inc is one of theworld'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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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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