MORNING UPDATE: Man Securities Issues Alerts for ATML, CYBX, MRK, CA, and RJR
16 June 2004 - 12:40AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for ATML, CYBX, MRK,
CA, and RJR CHICAGO, June 15 /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 ATML, CYBX, MRK, CA, and RJR,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "We think last week's speech was the Central
Bank's blatant attempt to warn the market that a hike or series of
hikes is about to occur." -- Kent Engelke, capital markets
strategist, Anderson & Strudwick New PriceWatch Alerts for
ATML, CYBX, MRK, CA, and RJR... PRICEWATCH ALERTS - HIGH RETURN
COVERED CALL OPTIONS -- Atmel Corp. (NASDAQ:ATML) Last Price 5.61 -
AUG 5.00 CALL OPTION@ $0.85 -> 5 % Return assigned* --
Cyberonics (NASDAQ:CYBX) Last Price 19.58 - JUN 15.00 CALL OPTION@
$5.30 -> 5 % Return assigned* -- Merck & Company Inc.
(NYSE:MRK) Last Price 46.90 - OCT 47.50 CALL OPTION@ $1.75 ->
5.2 % Return assigned* -- Computer Associates International Inc.
(NYSE:CA) Last Price 27.44 - AUG 30.00 CALL OPTION@ $0.55 ->
11.6 % Return assigned* -- R.J. Reynolds Tobacco Holdings
(NYSE:RJR) Last Price 59.59 - JUL 60.00 CALL OPTION@ $2.85 ->
5.7 % 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 failing to demonstrate a unified directive as
just eight of the 15 markets that we track are positive. The
cumulative average return on the collective stands at a plus 0.028
percent. The Nikkei shed 104 points overnight for a third
consecutive down session, but still maintains control over its
10-day moving average. Justifying the Bank of England recent rate
hike, the consumer price index in the United Kingdom rose by 0.4
percent in May. On the year-over-year basis, inflation rose by 1.5
percent. Fuel prices were said to have added 0.2 percent to the
annual inflation rate. A terribly busy day today, as far as
economic data is concerned. Keep in mind that any item that alludes
to increasing inflationary pressures and hence a more aggressive
move by the Federal Open Market Committee will pressure equities
and treasurys. The two weekly reports on the health of the retail
sector will be released this morning. The ICS-UBS Store Sales Index
for the week ending June 5 rose by 0.2 percent, while the Redbook
Retail Sales for the same period rose by 0.7 percent. May Business
Inventories were expected to have risen by 0.4 percent, slowing a
bit from April's 0.7 percent jump. We learned yesterday that Retail
sales for the month of May jumped by 1.2 percent thanks to a surge
in auto sales. Even without auto sales, retail sales advanced by
0.7 percent. Go one step further and pull out gas as well as auto
sales and you have a "discretionary" figure of plus 0.3 percent.
Also at 8:30 a.m., a key indicator on inflation at the consumer
level. The May Consumer Price Index is expected to have advanced by
0.5 percent, which is much more aggressive than the 0.2 percent
rise posted in April. The core index, less food and energy, is
expected to have moderated to a plus 0.2 percent, down from the
prior month's 0.3 percent advance. Remember that we still have not
received the Producer Price numbers for May. There is the slim
possibility that those numbers could come in today. At 9:45 a.m.,
the June Preliminary University of Michigan Sentiment is expected
to advance slightly to 91.0 from the final reading in May of 90.2.
At 10:00 a.m., Fed Chairman Greenspan testifies before U.S. Senate
Banking Committee on his re-nomination. This appearance is a
reschedule from last week, but none the less important. Traders
will again look for clues as to just how aggressive the Fed could
become as far as adjusting interest rates to head off an
inflationary episode. 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 a 29-point slide yesterday, the
NASDAQ index finally dropped to its important 50-day moving
average. That had market analyst Brit Ryle at the Taipan Group's
Money-Flow Matrix Trader investment service asking: "Is this an
omen or an opportunity?" It turned out to be neither, as the index
didn't hold the moving average for long. Technical analysis is as
much art as it is science. Markets have a habit of overshooting
targets, and it can be difficult to time investment moves. In the
current market climate, that's accentuated when you consider that
despite the Federal Reserve's "measured" pace of interest rate
increases, persistent inflation fears have some economists saying
rates will rise sooner rather than later. The Taipan Group believes
the Fed will raise rates by 0.25% at the end of the month. Anything
more than that a quarter-point in the uncertain days leading up to
the U.S. handing over power to the Iraqis would likely result in a
big market drop. Elsewhere, despite predictions that the trade gap
would narrow to about $45 billion, it actually widened another 3.8%
to a record $48.3 billion. But it appears high gasoline prices
haven't alarmed the consumer too much -- May retail sales rose
1.2%. 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 June 12 (last plus 0.2 percent). 8:30 a.m.: May
Business Inventories (last plus 0.7 percent). 8:30 a.m.: June
Empire State Manufacturing Index (last plus 30.2). 8:30 a.m.: May
Consumer Price Index (last plus 0.2 percent). 8:30 a.m.: May
Consumer Price Index, ex-food and energy (plus 0.3 percent). 8:55
a.m.: Redbook Retail Sales for the week ending June 12 (last plus
0.7 percent). 9:45 a.m.: June Preliminary University of Michigan
Sentiment (expected 91.0, last 90.2). 10:00 a.m.: Fed Chairman
Greenspan testifies before U.S. Senate Banking Committee on his
re-nomination (rescheduled from last week). 1:00 p.m.: June NAHB
Housing Index (last plus 69). 4:30 p.m.: Fed Governor Olson speaks
on economic outlook in Charlotte, N.C. 6:30 p.m.: ABC/Money
Magazine Consumer Confidence Index for the week ending June 12
(last minus 19). 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 ->
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plus seven free bonuses worth over $420, see:
http://www.investorsobserver.com/must 247profits.com: You'll get
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Bernie Schaeffer's look ahead at the markets. Sign Up Now
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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
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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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