MORNING UPDATE: Mankus-Lavelle Group Issues Alerts for TIVO, KRB, WB, DG, and CHS

CHICAGO, May 31 /PRNewswire/ -- Mankus-Lavelle Group issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks.

Before the open... PriceWatch Alerts for TIVO, KRB, WB, DG, and CHS, Market Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"Our best assessment is that the economy continues to be on a solid growth path."

-- Michael Moskow, President, Chicago Federal Reserve Bank New PriceWatch Alerts for TIVO, KRB, WB, DG, and CHS... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- TiVo Inc. Last Price 6.73 - NOV 5.00 CALL OPTION@ $2.00 -> 5.7 % Return assigned* -- MBNA Corp. Last Price 21.35 - SEP 20.00 CALL OPTION@ $2.20 -> 4.4 % Return assigned* -- Wachovia Corp. Last Price 51.04 - OCT 50.00 CALL OPTION@ $3.10 -> 4.3 % Return assigned* -- Dollar General Corp. Last Price 19.83 - AUG 20.00 CALL OPTION@ $0.75 -> 4.8 % Return assigned* -- Chico's FAS, Inc. Last Price 33.85 - NOV 30.00 CALL OPTION@ $5.70 -> 6.6 % Return assigned*

* To learn more about how to use these alerts and for FREE Access to the Market Intelligence Center where you will find the news, insight and intelligence that can make a difference in the way you invest, go to: http://www.investorsobserver.com/FreeMIC

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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, American International Group, Inc., Corning Inc., and TIBCO Software Inc. lead the list of companies with the most news stories while Advanced Medical Optics Inc. and First Marblehead Corp. are showing a spike in news. Intel Corp., Wal-Mart Stores Inc., and Hovnanian Enterprises Inc. have the highest srtIndex scores to top the list of companies with positive news while Frontline Ltd. and Starbucks Corp. lead the list of companies with negative news reports. Take-Two Interactive Software Inc. has popped up with a high positive news sraIndex score.

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MARKET OVERVIEW

European shares have edged lower, due to the European Union (EU) referendum's failure over the past weekend. The French CAC 40 index dropped 0.1 percent to 4,130, Germany's Dax 30 fell 0.3 percent to 4,467, and the Dutch AEX slipped 0.4 percent to 366.83. In the U.K., the FTSE 100 dropped 0.1 percent, falling to 4,984 on a decline in pharmaceutical and oil stocks. Asian stock markets moved slightly higher on Tuesday, the Nikkei 225 tacked on 0.1 percent to 11,276.59, while the Topix index of the Tokyo Stock Exchange rose for the third straight day, adding 0.2 percent to 1,144.33.

The U.S. Dollar Index added 67 cents and the euro has dropped to an eight- month low against the American dollar over the announcement of Dominique Villepin as France's new prime minister and France's rejection of the EU constitution. On Sunday, voters overwhelmingly rejected the EU constitution, prompting the resignation of Jean-Pierre Raffarin, who was replaced by interior minister Villepin. The overwhelming margin of the "no" majority makes it unlikely that the referendum may be accepted at a later date.

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DYNAMIC MARKET OPPORTUNITIES

While last Friday's pre-holiday weekend stock market action was traditionally tepid, good news came in the shape of US income and spending data. With a 0.7% rise in April income (up 7% since April 2004), Americans sent spending up 0.6%. Following a 0.9% rise in March, economists had projected a 0.8% gain. Nevertheless, it was the third straight month in which spending rose. Meanwhile, a remarkable earnings report from US homebuilder Toll Brothers provided more evidence that the housing market remains very strong. While "experts" have long since proclaimed the market should be falling (or is about to), Toll Brothers' revenues surged 52% to US$1.25 billion for the three-month period to April 30. That produced net income of US$170.1 million (US$2.01 per share) -- a 135% leap from US$72.4 million (89 cents per share) a year earlier. Year-to-date, Toll Brother's shares have gained around 33% and 131% since the end of 2003. Thanks to a strong order backlog of 8,561 homes worth US$5.7 billion -- the highest in Toll Brothers' history -- the company also upped its fiscal 2005 net income growth guidance to 70% from the 60% forecast in February. For 2006, the company expects net income to rise 20% above 2005 numbers. The news came after April saw housing starts climb 11%, existing home sales rise 4.5% and new home sales hit an annualized record of 3.16 million.

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TODAY'S ECONOMIC CALENDAR 10:00 A.M. May Conference Board Consumer Confidence Index 10:00 A.M. May Chicago Purchasing Managers Index 5:00 P.M. May 28 ABC/Washington Post Consumer Confidence Index

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