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MORNING UPDATE: Man Securities Issues Alerts for NOK, AMTD, TER, OVTI, And NAUT.

CHICAGO -- CHICAGO, June 12 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks.

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Before the open... PriceWatch Alerts for NOK, AMTD, TER, OVTI, and NAUT, Market Overview, Investor Insights, Today's Economic Calendar, and the Quote Of The Day.


"You have to be impressed the market has held up in recent days despite continued economic uncertainty and now, higher oil prices. The fact that investors have been unwilling to sell into the current rally and take profits suggests that higher prices may be ahead."
 -- Michael Sheldon, Chief Market Strategist, Spencer Clarke
 New PriceWatch Alerts for NOK, AMTD, TER, OVTI, and NAUT...
 -- Nokia Corp. ADR
 Last Price 17.80 - JUL 17.50 CALL OPTION@ $1.10 -> 4.8 % Return
 -- Ameritrade Holding Corp.
 Last Price 8.19 - AUG 7.50 CALL OPTION@ $1.05 -> 5 % Return assigned*
 -- Teradyne Inc.
 Last Price 17.43 - OCT 15.00 CALL OPTION@ $3.70 -> 9.2 % Return
 -- OmniVision Technologies Inc.
 Last Price 32.89 - JUL 30.00 CALL OPTION@ $5.20 -> 8.3 % Return
 -- Nautica Enterprises, Inc.
 Last Price 12.98 - OCT 12.50 CALL OPTION@ $1.10 -> 5.2 % Return

* For our report, "5 Dividend Paying Stocks With Double Digit Returns", go to:

** Read the latest Stock Market Outlook to find out how to position your portfolio for the months ahead. Answer a few survey questions and the report is yours for FREE. Go to:

NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.


Overseas markets are following through and then some on yesterday's gains as 14 of the 15 markets that we track are yielding positive numbers. The cumulative average return on the group stands at a positive 0.903 percent.

Today is a session laden with economic data and marked by my official end of this earnings season with the H.J. Heinz declaration of its Q4 performance before the market open (earnings expected to come in at 52-cents). Just because the "season" has been declared over (by me), does not mean that key reports will not still dribble in. Case in point, Adobe Systems offers up its Q2 earnings reports after today's close. The Street is looking for 26-cents per share. The key pieces of economic data will be exhausted by market open. April Business Inventories are expected to have risen by just 0.2 percent, halving last month's 0.4 percent rise. Recall that April wholesale inventories declined by a greater than expected 0.1 percent. Initial Jobless Claims for the week ending June 7 are expected to have declined by 21,000. Last week the figure rose by an unexpected 16,000 to a five week high. The level of new jobless claims has held above the 400,000 level for 14 consecutive weeks. May's Import Price Index is expected to have risen by 0.7 percent, reversing April's 2.7 percent decline, on declining petroleum prices. Now this is where what the consumer says (confidence and sentiment figures) and what he/she actually does, is brought to reality. May's Retail Sales are seen as unchanged compared to April's 0.1 percent decline. Pull out auto sales and May's Retail Sales are expected to have risen by 0.2 percent, a paltry rise compared to last month's 0.9 percent jump. Keep an eye on those apparently bullet proof semiconductor issues today in light of Semiconductor Industry Association dropping its industry-wide growth target for 2003 to 10.1 percent from a recently reduced range of 10 to 15 percent. In 2004, the trade group expects growth of 16.8 percent compared with a previous projection of 22 percent.

Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday Morning Outlook. For more details and to sign up, go to:


Is its dividend eligible for President Bush's 15 percent tax rate or not? That's the question many income investors are asking about their investments now, with the idea of dumping what doesn't qualify for what does. Unfortunately, most would be better off not asking the question at all.

For one thing, every investment that does qualify has rallied, in some cases very strongly, in the weeks since Wall Street became aware of the tax cut's terms. There may be unbid bargains left, but they're likely more scarce than a July snowman in lower Manhattan. Second, the capital trust preferreds, real estate investment trusts, limited partnerships and other investments "left out" of the tax cut still enjoy a huge yield advantage over most newly tax-advantaged common stock dividends. In fact, that advantage has widened as investors have desperately bid up advantaged common and preferred stocks. Third, a 15 percent tax rate on dividends will be more easily defended than complete elimination when it comes up for renewal in 2007. But it's as uncertain as anything else coming out of Washington D.C. In fact, betting on tax policy rather than seeking out stocks with strong fundamentals is a time- tested way to go broke. Don't be among those to fall into the trap this time around.

To get our FREE report "5 Companies Wall Street Hates--And You'll Love," daily market commentary AND free stock picks, sign up for By George! at
 8:30 a.m.: April Business Inventories (seen plus 0.2 percent, last plus
 0.4 percent).
 8:30 a.m.: Initial Jobless Claims for the week ending June 7 (seen minus
 21,000, last plus 16,000).
 8:30 a.m.: May Import Price Index (last minus 2.7 percent).
 8:30 a.m.: May Retail Sales (seen unchanged, last minus 0.1 percent).
 8:30 a.m.: May Retail Sales, less autos (seen plus 0.2 percent, last
 minus 0.9 percent).
 10:00 a.m.: DJ-BTM Business Barometer (last minus 0.2 percent).
 12:00 p.m.: Treasury Secretary Snow presides at a ceremony retiring Brady
 bonds in Mexico City.

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 .

This Morning Update was prepared with data and information provided by: -- 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:

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

KCI Communications is an award-winning financial publisher. To access their information visit , , and

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:

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 . Privacy policy available upon request.

CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212

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Date:Jun 12, 2003
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