MORNING UPDATE: Man Securities Inc. Issues Alerts for AMD, IBM, LUV, R

CHICAGO, Jan. 19 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EST with new PriceWatch Alerts for key stocks.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO )

Before the open... PriceWatch Alerts for AMD, IBM, LUV, RMBS, and SLM, Market Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"The continuing net equity outflows from the US is a worry for the sustainability of Dollar strength."

-- Mustafa Caglayan, currency strategist, JPMorgan Chase and Co. New PriceWatch Alerts for AMD, IBM, LUV, RMBS, and SLM... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Advanced Micro Devices Inc. Last Price 15.50 - FEB 15.00 CALL OPTION@ $1.10 -> 4.2 % Return assigned* -- International Business Machines Last Price 94.90 - JUL 95.00 CALL OPTION@ $4.70 -> 5.3 % Return assigned* -- Southwest Airlines Co. Last Price 15.00 - MAR 15.00 CALL OPTION@ $0.70 -> 4.9 % Return assigned* -- Rambus Inc. Last Price 21.31 - FEB 20.00 CALL OPTION@ $2.70 -> 7.5 % Return assigned* -- SLM Corp. Last Price 54.28 - APR 55.00 CALL OPTION@ $1.80 -> 4.8 % 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

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

NEWS LEADERS AND LAGGARDS

So far today, Southwest Airlines Inc., International Business Machines Corp., and Mellon Financial Corp. lead the list of companies with the most news stories while Range Resources Corp. and Alaska Communications Systems Group Inc. are showing a spike in news. ExpressJet Holdings Inc., Yahoo! Inc., and ValueClick Inc. have the highest srtIndex scores to top the list of companies with positive news, while Parker Hannifin Corp. and Advanced Micro Devices Inc. lead the list of companies with negative news reports. Google Inc. has popped up with a high positive news sraIndex score.

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MARKET OVERVIEW

Overseas markets are pretty much mixed, as seven of the 15 markets that we follow are higher with the cumulative average return standing at plus 0.069 percent. Overnight, Japan was higher after positive tech news out of the U.S. but eventually sold-off by the end of the session.

At 8:30 a.m., the December Consumer Price Index (CPI) is expected to show no change for the month of December. Also at 8:30 a.m., we should see housing starts for December to come in at an annualized rate of 1.91 million, above last period's 1.77 million. Earnings are in full swing, as in the morning we have General Motors, J.P. Morgan Chase, and Pfizer all scheduled to release quarterly results. Then after the bell the big names are eBay and Washington Mutual.

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DYNAMIC MARKET OPPORTUNITIES

Now that the holiday period has gone for another year, what's next for the US retail sector? After economic commentators gloomily forecast sluggish sales in November and December, the resilient American consumer promptly turned around and proved the forecasts wrong in a major way. From an initial projection of 4.5% sales growth, the National Retail Federation's (NRF) outlook appeared very pessimistic when November-December sales raced in 5.7% higher than in 2003. But the picture became clearer last week when a Federal Reserve report showed US consumer debt plunged by US$8.7 billion in November -- the largest monthly fall since January 1943. It seemed Americans were simply saving some extra money. Not to be deterred, however, the NRF boldly declares that retail sales will slide substantially this year compared with 2004. The group cites weak wage growth, an absence of tax breaks to tempt consumers to spend, and rising energy costs. Specifically, it says retail sales will rise only 3.5%, compared with last year's solid 6.7% growth rate, which was the highest since 1999. Regarding rising energy costs, the International Energy Agency (IEA) says that, even with economic growth projected to slow in several regions and countries this year, the oil market is likely to stay under substantial pressure because demand remains strong while supplies remain tight. The group said global oil demand climbed 3.3% last year -- the fastest pace since 1976 and well above average estimates. And while demand this year isn't expected to be as strong as in 2004, it should be enough to ensure that the market endures another uncertain year -- more so considering the geopolitical instability in countries like Iraq and Nigeria, where any trouble affecting oil supplies would likely place additional strain on reserves and upward pressure on oil prices.

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TODAY'S ECONOMIC CALENDAR 7:00 a.m.: MBA Refinancing Index week ended January 15 (last plus 1.1 percent) 7:45 a.m.: ICSC-UBS Store Sales Index week ended January 15 (last minus 0.6 percent) 8:00 a.m.: Fed Gov Bernanke speaks on productivity in New York 8:30 a.m.: Initial Jobless Claims week ended January 15 (last plus 10,000) 8:30 a.m.: December Housing Starts (last minus 13.1 percent) 8:30 a.m.: December CPI (last plus 0.2 percent) 8:30 a.m.: December CPI, ex-food and energy (last plus 0.2 percent) 8:55 a.m.: Redbook Retail Sales Index week ended January 15 (last plus 1.1 percent) 2:00 p.m.: Federal Reserve Beige Book

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