MOGN Mgi Pharma (MM)

MORNING UPDATE: Man Securities Issues Alerts for INTC, FBR, PRX, STT, and MOGN CHICAGO, April 14 /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 INTC, FBR, PRX, STT, and MOGN, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "Intel's first quarter results showed healthy growth in both revenue and earnings compared to a year ago, led by improvement in worldwide IT spending." -- Craig R. Barrett, chief executive officer, Intel New PriceWatch Alerts for INTC, FBR, PRX, STT, and MOGN... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Intel Corp. (NASDAQ:INTC) Last Price 27.67 - MAY 27.50 CALL OPTION@ $1.25 -> 4.1 % Return assigned* -- Friedman, Billings, Ramsey Group, Inc. (NYSE:FBR) Last Price 21.90 - JUN 20.00 CALL OPTION@ $2.75 -> 4.4 % Return assigned* -- Pharmaceutical Resources Inc. (NYSE:PRX) Last Price 46.17 - MAY 45.00 CALL OPTION@ $3.00 -> 4.2 % Return assigned* -- State Street Corp. (NYSE:STT) Last Price 52.14 - AUG 50.00 CALL OPTION@ $4.10 -> 4.1 % Return assigned* -- MGI PHARMA INC. (NASDAQ:MOGN) Last Price 62.94 - JUL 60.00 CALL OPTION@ $6.90 -> 7.1 % 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 have performed a complete 180 from yesterday at this time. Currently none of the 15 markets that we track is positive. The cumulative average return on the group stands at a minus 1.136 percent. If you don't think interest rates are of concern, note that the largest drag on the group is the Hang Seng Index out of Hong Kong. An empirical rationale here: rising interest rates in the U.S. will strengthen the U.S. dollar. The local currency in Hong Kong is tied to the U.S. dollar thanks to the Chinese government. A rise in U.S. interest rates will also, by association, push the Hong Kong dollar rates higher. The April Mortgage Bankers Association (MBA) Refinancing Index is to be released today. In the prior week, the index declined by 15 percent. As expected, with a full week of rising interest rates under its belt, the MBA Refinancing Index plummeted by 30.7 percent in the week ending April 9. The Purchase Index dropped by 9.5 percent while the MBA Market Index fell by 22.1 percent. The potential hot spot in today's market will be this key indicator of inflation at the consumer level. At 8:30 a.m., the February Consumer Price Index (CPI) is expected to have risen by 0.3 percent matching the 0.3 percent rise of January. The February Core Index, less food and energy, is also expected to have advanced, but by 0.2 percent, also matching January's 0.2 percent advance. Now the key question is - was yesterday's market sell-off in response solely to the explosive retail sales numbers or were participants indeed factoring in a show of inflation out of today's reports? Following a strong employment report out of March, participants are now keenly aware of any item that would portend inflationary pressures finally reaching the consumer and clearing the way for that much anticipated "first interest rate hike." Potentially another log on that fire will be the bundled release of the February International Trade Deficit. Analysts fully expect to see that shortfall shrink a bit to 42.6 billion versus the $43.06 billion charged up in January. I have no idea how much of this is already baked into the cake, so the market response is truly a betting man's game. 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 Five weeks ago, Chinese Premier Wen Jiabao presented his government's latest report on the state of the economy to the National People's Congress in Beijing. In it, he said he would cut investment in the industrial/manufacturing sector and instead pump 30 billion yuan (US$3.6 billion) into poorer rural areas this year. His aim is to ease inflation (which reached a six-and-a-half year high of 3.2% at the end of 2003) and slow down China's explosive economic growth from 9.1% in 2003 to around 7% this year to prevent overheating and a potential boom-bust cycle. But so far, it's not going to plan. Banks are still lending enormous amounts, and states are investing equally big sums. March factory output was over 19% higher than March 2003, while exports soared 43%. And in order to satiate the country's voracious appetite, China imported $124.1 billion worth of goods during the first quarter - a 42% year-on-year increase. The trade deficits for January, February and March were $20 million, a massive $7.8 billion and $540 million respectively, sending the overall Q1 deficit to $8.4 billion. Current indications show the economy expanded by a further 9-10% during Q1. And given the government's notoriously conservative growth forecasts, its robust 7% growth projection already looks too low. Goldman Sachs predicts 9.5% expansion this year, while Lehman Brothers forecasts it will reach 8%. 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 7:00 a.m.: April MBA Refinancing Index (last minus 15 percent) 7:30 a.m.: Assistant Treasury Secretary Abernathy speaks New Orleans 8:30 a.m.: February Consumer Price Index (CPI) (last plus 0.3 percent) 8:30 a.m.: February Consumer Price Core Index, less food and energy (last plus 0.2 percent) 8:30 a.m.: February International Trade Deficit (last $43.06 billion) 7:00 p.m.: San Francisco Fed President Parry speaks on the regional and U.S. economy in Moraga, California 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 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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