Market Pulse Announces Its Hot Stock Alerts for Tuesday, Sept. 9, 2008: PRRY, AMGN, AVID, FNM
September 09 2008 - 8:15AM
Marketwired
Market Pulse is pleased to introduce our featured stock, Planet
Resource Recovery Inc. (PINKSHEETS: PRRY), to the investment
community! Planet Resource Recovery, Inc. is new to Market Pulse
and is poised to become a significant player in the
petrochemical/oil services industry! Planet Resource Recovery just
had excellent news out in a press release before today's opening
bell announcing that the company has launched and posted a second
commercial titled "Increased Oil Production Now" aimed at creating
interest in the use of PetroLuxus(TM) products! The company said
the commercial is aimed at producing additional sales of Planet's
enhanced oil recovery product, PetroLuxus(TM)! This could be great
news for investors! Other notable stocks that should be closely
watched due to existing fundamental and technical factors affecting
each company include:
Amgen Inc. (NASDAQ: AMGN): Market Outperform
Avid Technology Inc. (NASDAQ: AVID): Attractive
Fannie Mae (NYSE: FNM): Market Underperform
Stock Pick Meanings
These stock picks are the investment opinions of MP's editor and
reflect MP's belief regarding the potential price movement over the
next one to four weeks of trading of each of the stocks presented.
This analysis is done from a technical and fundamental
perspective.
After Monday's Bell Market Commentary
On Monday, the markets surged in late afternoon trading over
hopes that the government seizure of troubled mortgage giants
Fannie Mae and Freddie Mac will lead to a much quicker recovery of
the financial services sector as well as the housing sector. U.S.
consumer credit expanded at the slowest pace in seven months in
July. July consumer credit rose $4.56 billion, or at a 2.12 percent
annual rate, to $2.587 trillion, the Federal Reserve said. Light,
sweet crude for October delivery rose 11 cents to settle at $106.34
a barrel. The dollar was higher against other major currencies.
Gold prices rose. Bond prices edged higher. The Dow Jones
industrial average rose 289.78, or 2.58 percent, to 11,510.74 after
being up nearly 350 points. The Nasdaq composite index added 13.88,
or 0.62 percent, to 2,269.76. The Standard & Poor's 500 index
advanced 25.48, or 2.05 percent, to 1,267.79. The Russell 2000
index rose 14.01, or 1.95 percent, to 732.86.
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consider this factor when evaluating MP's statements regarding a
company. MP has been compensated in free trading shares of common
stock, available for public trading as follows: Planet Resource
Recovery, Inc. compensation from a third party shareholder: four
hundred thousand free trading shares of stock in Planet Resource
Recovery, Inc., already received from a third party shareholder. To
date, MP has sold three hundred thirty thousand shares of stock in
Planet Resource Recovery, Inc. for proceeds totaling seventy two
thousand eighty seven dollars. MP's officers and directors reserve
the right to buy additional shares of the companies discussed in
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