CLBN Caliber Energy Inc New (CE)

Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Freddie Mac (NYSE: FRE), Honeywell (NYSE: HON), and Transocean Ltd. (NYSE: RIG).

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There is major breaking news coming from Navajo Wind Energy Corp. (PINKSHEETS: CLBN) and investors are going to watch this one closely. Yesterday after the markets closed, the company issued a press release announcing that it has received a letter of intent to finance its 200 MW wind farm project located in Xinjiang, China. The value of the 200 MW project is in excess of US$450,000,000.

The Xinjiang wind farm project is situated on 6,200 acres and is in an area with proven, high-energy wind speeds. Previous testing indicates a mean average annual wind speed in excess of 11 meters per second or over 25 miles per hour, capable of generating net operating capacity factors in excess of 50 percent.

As previously announced, Navajo has come to a terms agreement with Mingchuang Energy Manufacturing Co. Ltd. to create a joint venture partnership on projects located in China. Both companies have agreed to begin their relationship starting with the Xinjiang wind farm project.

"With this funding commitment that is now in place, we will be able to complete all of our project goals by 2010," stated Barry Doyle, CEO of Navajo.

Investors are urged to carefully monitor the progress of this company!

The stock closed yesterday at around Three cents a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/profiles/CLBN_031109.

Freddie Mac (NYSE: FRE) even on 5.4 million shares traded.

Freddie Mac supports communities across the nation by providing mortgage capital to lenders.

Honeywell (NYSE: HON) up 4.8% on 10.4 million shares traded.

Honeywell International is a $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.

Transocean Ltd. (NYSE: RIG) up 1.4% on 8.3 million shares traded.

Transocean Ltd. is one of the world's largest offshore drilling contractors and one of the leading providers of drilling management services worldwide.

Market Commentary:

Market News: Stocks moved modestly higher Wednesday morning as traders weighed the odds on whether Tuesday's big rally was anything more than another "one-day wonder" amid an ongoing bear market.

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