MORNING UPDATE: Man Securities Inc. issues alerts for FOX, AA, GPS, DT

CHICAGO, Jan. 11 /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 FOX, AA, GPS, DTV, and MLNM, Market Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"Without reform, the nation will face little choice but vastly higher taxes and the resulting drag on economic growth."

-- Gregory Mankiw, Chairman, Council of Economic Advisers. New PriceWatch Alerts for FOX, AA, GPS, DTV, and MLNM... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Fox Entertainment Group Inc. Last Price 34.28 - APR 35.00 CALL OPTION@ $1.15 -> 5.6 % Return assigned* -- ALCOA Inc. Last Price 30.47 - APR 30.00 CALL OPTION@ $1.95 -> 5.2 % Return assigned* -- GAP INC. Last Price 20.91 - MAR 20.00 CALL OPTION@ $1.70 -> 4.1 % Return assigned* -- The Directv Group Inc. Last Price 16.61 - JUN 15.00 CALL OPTION@ $2.30 -> 4.8 % Return assigned* -- Millennium Pharmaceuticals Inc. Last Price 11.01 - MAY 10.00 CALL OPTION@ $1.85 -> 9.2 % Return assigned*

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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, Integrated Electrical Services, Inc., QLogic Corp., and ALCOA Inc. lead the list of companies with the most news stories while Creative Technology Ltd. and Sunterra Corp. are showing a spike in news. D R Horton Inc., Network Appliance Corp., and Sanofi-Aventis have the highest srtIndex scores to top the list of companies with positive news while Infineon Technologies AG and Genentech Inc. lead the list of companies with negative news reports. Exelixis Inc. has popped up with a high positive news sraIndex score.

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MARKET OVERVIEW

Treasuries were mixed in yesterday's trading as traders found certain places on the yield curve to be more comfortable than others. Overall, however, yields on shorter-term maturities continue to rise faster than longer-term maturities. As such, the 2-30 year yield spread is narrowing, and the yield curve is flattening. The yields on the 2-year and 10-year notes stood at 3.214 percent and 4.275 percent respectively, rising as the notes fell. The 2-30 year yield spread stood at 161 basis points.

The U.S. Dollar Index fell 0.32 points during U.S. trading yesterday. The greenback pulled back mainly due to profit taking, as investors decided to cash in on the recent rally that sent the buck to its highest levels in weeks. The dollar fell 0.3 percent against the euro to $1.3082, and lost 0.6 percent versus the Yen to trade at 104.16 yen. Comments from U.S. Treasury Secretary John Snow regarding the Bush administration's strong dollar policy helped to provide the power behind the recent dollar rally, but many investors still believe that the U.S. currency is in serious trouble.

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DYNAMIC MARKET OPPORTUNITIES

Although J.P. Morgan says India will be the least affected economically, the country just raised its tsunami tab to US$1.6 billion. With over 10,000 Indians confirmed dead and around 5,700 missing, citizens have donated generously, pumping three billion rupees (US$68.4 million) into the relief fund. In addition to that and money from foreign disaster funds, the government has provided US$113 million. As one of the fastest-growing emerging market nations, India's economy is well placed to cope with the tragedy. Following 8.2% GDP growth last year, the current situation isn't expected to dent the economy too much, with the country still on track to post 6.5% expansion this year. On a wider scale, 2005's first meeting of G10 central bankers saw the group project global GDP growth at around 4%. If this happens, it would represent a solid year, considering the many factors combining to drag growth down. This includes high oil prices, a falling dollar (coupled with a rising euro and British pound, which is helping to stall the export market) and, of course, terrorists who persistently wish to wreak havoc and destruction. And a report from the Federal Reserve shows US consumer debt down by a hefty US$8.7 billion in November - the largest monthly fall since January 1943. This comes after a recent Associated Press poll found that half of Americans consistently worry about the debt they've accrued, be it through loans or credit cards, and almost one-fifth said they don't trust themselves to manage their own debts.

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TODAY'S ECONOMIC CALENDAR 7:45 a.m.: ICSC-UBS Store Sales Index last week (last plus 0.2%) 8:55 a.m.: Redbook Retail Sales Index for last week (plus 0.2%) 10:00 a.m.: December Richmond Fed Mfg Index (last minus 3) 6:30 p.m.: ABC/Washington Post Consumer Confidence Index for last week (last minus 9)

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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.