OK, you are in I will set up the math later guys: Poor TerryTuna ...too bad I just got this Morning Alert LOL:
MORNING UPDATE: Man Securities Issues Alerts for T, GG, and VOD
CHICAGO, May 21, 2002 /PRNewswire via COMTEX/ -- Man Securities issues the
following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key
stocks.
(Photo: newscom.com )
Before the open ... PriceWatch Alerts for T, GG, and VOD, Market Overview,
Put/Call Alert, FuturesWatch, Today's Economic Calendar, and the Quote Of The
Day.
QUOTE OF THE DAY
Gold mining company Goldcorp Inc. (NYSE: GG) announced a two-for-one stock split
set for May 22. The Toronto-based company said in a statement its shares will
begin trading on a split basis on the Toronto Stock Exchange on May 17. On the
New York Stock Exchange, the shares will begin trading on a split basis
effective May 29.
-- As reported by Reuters
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- AT&T Corp. (NYSE: T)
Last Price 13.31 - JUL 12.50 CALL OPTION@ $1.55 -> 6.29 % Return
assigned*
-- Goldcorp Inc. (NYSE: GG)
Last Price 21.00 - JUL 20 CALL OPTION@ $2.20 -> 6.38 % Return assigned*
-- Vodafone AirTouch PLC (NYSE: VOD)
Last Price 15.87 - JUN 15 CALL OPTION@ $1.60 -> 5.12 % Return assigned*
*For details on these types of investments see poweropt.com .
MARKET OVERVIEW
Overseas markets seem to be taking a more cautious stance this morning as eight
of the 15 markets that we track are positive with a cumulative average return of
minus 0.05 percent. The Nikkei snapped a five session winning streak but
continues to hover at the top of its recent range. As the yen strengthens
Japanese goods sold abroad become more expensive and thus less competitive in
the marketplace. Inflationary pressures in the United Kingdom were lower than
expected in April. The retail price index (RIPX) came in at plus 0.7 percent on
the month and plus 1.5 percent year-over-year on consensus of plus 0.9 percent
and 1.7 percent, respectively. The April numbers displayed a 0.3 percent
increase over March and a 0.2 percent increase over March's yearly comparison.
The two weekly retail reports will share the total economic calendar today.
Before the market open BTM-UBS Warburg Chain Store Sales Index (last minus 0.5
percent) and the Redbook Retail Sales for the week of May 18 (last minus 0.5
percent) will be released. Both reports indicated some softness in the sector
last week. The potential impact to the sector could be magnified by today's
earnings calendar, dominated by retailers AZO, HD, SKS, SPLS, TGT, and BJ.
* Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. For more details and to sign up go to:
schaeffersresearch.com .
PUT/CALL ALERT
Equity option activity on the CBOE yesterday had 279,484 put contracts trade
compared to 438,435 call contracts. The resultant 0.637-put/call ratio has the
21-day moving average continuing lower to 0.662. The 21-day moving average set
an interim trough around 0.61 in mid-March. The CBOE Market Volatility Index
(VIX - 21.56) advanced by 6.31 percent following Friday's move lower to test the
20 level. If the VIX has indeed found support in this area and starts a move
higher, expect some more weakness in the markets. But one day does not make a
trend.
FUTURES WATCH
The futures markets are trading a bit higher this morning after yesterday's
strong round of profit taking brought on by talk of continued terrorist worries
in the U.S. I mentioned yesterday that the S&P and NASDAQ futures both closed
just below some very important technical levels on Friday. Yesterday's action
saw some very strong selling from many of the institutions early in the session
that tapered off after mid day. Both markets tried hard to out the lows that
were made in that early session but were unsuccessful on four different
occasions. The S&P futures need to close above 110350 this week to bring some
strength back into the market.
*For futures updates from Harry Michas throughout the day see
www.manmarketmonitor.com/mu.html .
TODAY'S ECONOMIC CALENDAR
9:00 a.m.: BTM-UBS Warburg Chain Store Sales Index for the week of May 18
(last minus 0.5 percent).
9:00 a.m.: Redbook Retail Sales for the week of May 18 (last minus 0.5
percent).
9:20 a.m.: Fed Governor Olson speaks on banking industry at the 107th
Annual Maryland Bankers Association Convention in Palm Beach,
Fla.
11:30 a.m.: Fed Vice Chairman Ferguson speaks on community and regional
banks at the 106th Annual North Carolina Bankers Association
in White Sulphur Springs, W. Va.
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 NYSE/CBOE/NASD/SIPC (CRD#6731). For more information and a
free CD with educational tools to help you invest smarter, see
mansecurities.com .
This Morning Update was prepared with data and information provided by:
PowerOptionsPlus.com -- The Best Way To Find, Compare, Analyze, and Make Money
On Option Investments -- Get your 14 day FREE trial and five free bonuses at
www.Poweropt.com/mu .
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
schaeffersresearch.com .
All stocks and options shown are examples only. These are not recommendations to
buy or sell any security. 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
cboe.com . Privacy policy available upon request.
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com
SOURCE Man Securities
CONTACT: Michael Lavelle of Man Securities, +1-540-547-1744
/Photo: NewsCom: newscom.com
AP Archive: photoarchive.ap.org
PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
URL: mansecurities.com prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
KEYWORD: Illinois
INDUSTRY KEYWORD: FIN
<http://quotes.freerealtime.com/gra/p.gif>
<http://quotes.freerealtime.com/gra/p.gif>
DJIA <http://quotes.freerealtime.com/gra/p.gif> 10,240.79 <http://quotes.freerealtime.com/gra/p.gif> <http://quotes.freerealtime.com/gra/uparrow1.gif> <http://quotes.freerealtime.com/gra/p.gif> 11.29
<http://quotes.freerealtime.com/gra/watchlist_bar.gif>
Nasdaq <http://quotes.freerealtime.com/gra/p.gif> 1,708.99 <http://quotes.freerealtime.com/gra/p.gif> <http://quotes.freerealtime.com/gra/uparrow1.gif> <http://quotes.freerealtime.com/gra/p.gif> 7.40
<http://quotes.freerealtime.com/gra/watchlist_bar.gif>
S&P 500 <http://quotes.freerealtime.com/gra/p.gif> 1,094.10 <http://quotes.freerealtime.com/gra/p.gif> <http://quotes.freerealtime.com/gra/uparrow1.gif> <http://quotes.freerealtime.com/gra/p.gif> 2.22
<http://quotes.freerealtime.com/gra/watchlist_bar.gif>
10 Yr Bond <http://quotes.freerealtime.com/gra/p.gif> 5.21 <http://quotes.freerealtime.com/gra/p.gif> <http://quotes.freerealtime.com/gra/uparrow1.gif> <http://quotes.freerealtime.com/gra/p.gif> 0.02
<http://quotes.freerealtime.com/gra/watchlist_bar.gif>
<http://quotes.freerealtime.com/gra/p.gif>
<http://quotes.freerealtime.com/gra/p.gif>
$7 Trades, Rated #1 Broker
<http://quotes.freerealtime.com/gra/p.gif>
Keyword Search
Enter Keyword
<http://quotes.freerealtime.com/gra/p.gif>
[Click Here!]
<http://quotes.freerealtime.com/gra/p.gif>
<http://quotes.freerealtime.com/gra/p.gif> |
