GLW Corning Inc

MORNING UPDATE: Man Securities Issues Alerts for GLW, SEBL, NUE, CD, and SYMC CHICAGO, Oct. 21 /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 GLW, SEBL, NUE, CD, and SYMC, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "Mortgage banking earnings declined as refinance volumes retreated." -- Angelo Mozilo, chairman and chief executive, Countrywide Financial Corp. New PriceWatch Alerts for GLW, SEBL, NUE, CD, and SYMC... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Corning Inc. (NYSE:GLW) Last Price 10.44 - JAN 10.00 CALL OPTION@ $1.05 -> 6.5 % Return assigned* -- Siebel Systems Inc. (NASDAQ:SEBL) Last Price 9.16 - FEB 7.50 CALL OPTION@ $2.05 -> 5.5 % Return assigned* -- Nucor Corp. (NYSE:NUE) Last Price 40.25 - NOV 40.00 CALL OPTION@ $2.40 -> 5.7 % Return assigned* -- Cendant Corp. (NYSE:CD) Last Price 21.89 - JAN 5.00 CALL OPTION@ $17.20 -> 6.6 % Return assigned* -- Symantec Corp. (NASDAQ:SYMC) Last Price 54.43 - NOV 55.00 CALL OPTION@ $2.15 -> 5.2 % 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, "Is Your Investment Portfolio Disaster Proof? - Insights, Stocks, And Strategies." go to: http://www.investorsobserver.com/FREEDP NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. MARKET OVERVIEW Overseas markets are looking a bit tattered this morning as just four of the 15 markets that we track are currently in positive territory. The cumulative average return on the group stands at a minus 0.117 percent. The consumer in the United Kingdom seems to be in reasonable shape as September retail sales in the country rose by 1.0 percent, eclipsing estimates for a more modest 0.2 percent rise. Versus the September 2003 period, retail sales were 6.9 percent higher on expectations for a 5.9 percent rise. On London's International Petroleum Exchange (IPE) the December future contract on Brent North Sea oil hit an all-time high of $51.05 earlier this morning. We start out this morning with Initial Jobless Claims for the week ending October 16. Analysts expect to see this figure decline by 7,000 coming on the heels of the prior week's surprise 15,000 jump. At 10:00 a.m., the September version of the Conference Board Leading Economic Indicators is expected to have slowed its rate of decline with 0.2 percent shrinkage over the prior month that was booked at a 0.3 percent decline to a reading of 115.7. For the record, the index was equal to 100 in 1996. This index, which seeks to describe the economy's future direction, took another turn lower in August amid concerns over the state of the consumer sector. The report noted that only three out of the 10 indicators making up the overall index rose in August, led by manufacturers' new orders for consumer goods and materials, the money supply and weekly unemployment insurance claims. The negatives were driven by interest rate spreads, building permits and consumer confidence levels. At noon, the October Philadelphia Fed Business Index is expected to have rebounded to plus 18.5 versus the prior month's plus 13.4 posting. That may not be saying very much as the September reading was the lowest since July 2003. Any reading in the index greater than zero indicates increased activity in the index or its components. 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 The satellite radio revolution continues. On Wednesday, XM Satellite Radio and Major League Baseball announced a $650 million deal that will see XM air baseball games over the next 11 years. An agreement like this with "America's Past-time" can only help enhance the growing popularity and pervasiveness of satellite radio companies like XM and its major rival, Sirius, which recently inked a deal to broadcast NFL games. XM currently has 2.5 million subscribers, while Sirius has 700,000. With 130 digital radio channels already available on XM Radio for just $9.95 per month, satellite radio is fast appearing in many different places -- homes, an additional extra in cars (including rentals) and even on some airlines like JetBlue. Look for both to extend their success -- a factor that will likely be reflected in their share prices. Elsewhere, stem cells stocks continue their bullish run, feeding from the intense pre-election debate over stem cell research. On Wednesday, they received a further boost with the news that California Governor Schwarzenegger broke with his Republican party and endorsed a US$3 billion bond that could fund human embryonic stem cell research. This will put the Governor in a tough position against the state's Republican party, which opposed Proposition 71, and the Bush Administration, which has limited federal funding for stem cell research. Should this be passed, it could give researchers in California about US$300 million a year for 10 years. The 247Profits Group's Extreme Volatility Speculator (EVS) investment service is offering a "Year of Profits" for free, with the EVS Stock Almanac. Find out more about this simple, yet highly profitable news-driven service, by following this link: http://www.investorsobserver.com/agora7 TODAY'S ECONOMIC CALENDAR 8:30 a.m.: Initial Jobless Claims for the week ending October 16 (seen at minus 7,000, last plus 15,000). 10:00 a.m.: September Chicago Federal Reserve National Activity Index (last plus 0.19). 10:00 a.m.: September Conference Board Leading Economic Indicators (last minus 0.3 percent). 10:00 a.m.: DJ-BTM Business Barometer for the week ending October 16 (last unchanged). 12:00 p.m.: October Philadelphia Fed Business Index (seen at plus 18.5, last plus 13.4). 12:00 p.m.: Federal Reserve Governor Bernanke speaks on oil and the economy at Darton College lecture in Albany, Georgia. 1:30 p.m.: Federal Reserve Governor Bies speaks on financial institution supervision at Connecticut Law School symposium in Hartford. 4:30 p.m.: Money Supply. 6:15 p.m.: San Francisco Federal Reserve President Yellin speaks on the U.S. economic outlook before risks professionals, security analysts meeting in San Francisco. 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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