MOGN Mgi Pharma (MM)

MORNING UPDATE: Man Securities Issues Alerts for AMD, MOGN, HDI, CY, and LUV CHICAGO, July 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 AMD, MOGN, HDI, CY, and LUV, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "It was an outstanding quarter, our highest third quarter revenue in eight years." -- Steve Jobs, CEO, Apple Computer Inc. New PriceWatch Alerts for AMD, MOGN, HDI, CY, and LUV... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Advanced Micro Devices Inc. (NYSE:AMD) Last Price 13.74 - AUG 13.00 CALL OPTION@ $1.40 -> 5.3 % Return assigned* -- MGI PHARMA INC. (NASDAQ:MOGN) Last Price 28.11 - AUG 25.00 CALL OPTION@ $4.10 -> 4.1 % Return assigned* -- Harley-Davidson Inc. (NYSE:HDI) Last Price 62.95 - NOV 60.00 CALL OPTION@ $5.30 -> 4.1 % Return assigned* -- Cypress Semiconductor Corp. (NYSE:CY) Last Price 10.97 - AUG 10.00 CALL OPTION@ $1.35 -> 4 % Return assigned* -- Southwest Airlines Co. (NYSE:LUV) Last Price 15.06 - AUG 15.00 CALL OPTION@ $0.65 -> 4.1 % 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 are mostly under water as just four of the 15 markets that we track are currently positive. The cumulative average return on the collective stands at a minus 0.695 percent, skewed lower by the 6.20 percent drubbing in the Finland HEX Stock Index. Nokia reported disappointing second quarter numbers and offered an even more distressing third quarter outlook. At last look, the shares were lower by some 14.6 percent. The European Union Commission has trimmed its forecast for euro-zone growth in the third quarter of 2004, emphasizing the fragility of the currency area's economic recovery. The EU's executive body said that it expects a 0.3-0.7 percent quarter-on- quarter growth of the 12 economies in the currency area during the three months from July to September. That marks a slight revision downward from its earlier forecast of growth between 0.4 percent and 0.8 percent on the quarter, and is the same as its estimate for growth in the second quarter. A lot of data to digest before the start of the regular session of trade. At 8:30 a.m., an indication of potential inflation, the June Producer Price Index is expected to have risen by a reasonably tame 0.1 percent on the heels of last month's 0.8 percent jump. The Core Index, less food and energy is also expected to have moderated a bit, posting a rise of 0.2 percent versus May's 0.3 percent rise. Initial Jobless Claims for the week ending July 10 are seen rising by 35,000, just about wiping out the prior week's surprise 39,000 decline. The July Empire State Manufacturing Index is the first key indicator on the health of the manufacturing sector, somewhat previewing the Chicago report which hints at the National Institute of Supply Managers report. Anyway, back to the business at hand. The New York report is expected to slip a bit to 27.50 versus the 30.2 reading of June. At 9:15 a.m., June Industrial Production is expected to have ticked higher by 0.1 percent, paling in comparison to May's 1.1 percent advance. In the companion report, June Capacity Utilization is seen a bit lax at 77.7 on the heels of last month's 77.8 percent of use. 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 Intel's second quarter earnings results on Tuesday night resulted in a market hangover Wednesday morning. As expected, Intel drove the market, and although its numbers matched expectations, investors latched on to its pessimistic profit outlook, where gross margins were cut by 2%. With excess inventory and many lower-priced products, Morgan Stanley and Prudential swiftly downgraded Intel, sending the stock tumbling over 10.5%. June's retail numbers helped further the skid, with the Commerce Department reporting sales slid 1.1% - the biggest decline in 16 months. Capping off the potent bearish mix ... oil prices that again breached $41 per barrel. But Caesar's Entertainment soared 15% after casino giant Harrah's Entertainment made a takeover bid. After the MGM/Mandalay Bay merger last month, this deal would create the biggest gambling company in the world. Harrah's would run 54 casinos worth $8.8 billion in revenue. Additionally, Harrah's could benefit from Pennsylvania's newly passed bill, which allows room for up to 61,000 slot machines. Buyout speculation on Wall Street quoted prices between $17-23. However, the merger could face tough anti-trust laws in Las Vegas and Atlantic City, where officials may say the merger would give Harrah's an illegal monopoly on the casino market. But with the American Gaming Association recently stating Americans make three times as many trips to casinos than to ballparks, and over 53 million Americans spending around $27 billion on gambling in 2003, this is a flourishing market. Taipan's Red Zone team recommended Caesar's Entertainment to investors on June 25, giving them a 9% gain so far - with the potential of more to come. The Red Zone's Christian DeHaemer has written a comprehensive free report highlighting the remarkable scientific advances that are creating a lucrative new industry. To read the free report, follow this link: http://www.investorsobserver.com/agora6 TODAY'S ECONOMIC CALENDAR 8:30 a.m.: June Producer Price Index (PPI last plus 0.8 percent). 8:30 a.m.: June Producer Price Core Index, less food and energy (last plus 0.3 percent). 8:30 a.m.: Initial Jobless Claims for the week ending July 10 (last minus 39,000). 8:30 a.m.: July Empire State Manufacturing Index (last 30.2). 8:30 a.m.: May Business Inventories (last plus 0.5 percent). 9:15 a.m.: June Industrial Production (last plus 1.1 percent). 9:15 a.m.: June Capacity Utilization (last 77.8 percent). 10:00 a.m.: DJ-BTM Business Barometer for the week ending July 3 (last minus 0.3 percent). 12:00 p.m.: July Philadelphia Fed Business Index (last 28.9). 2:00 p.m.: June Treasury Budget (last $62.47 billion). 4:30 p.m.: Money Supply for the week ending July 10. 8:00 p.m.: Fed Governor Bies speaks on banking conditions, relations at a financial executives' dinner in Chicago. 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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