CLBN Caliber Energy Inc New (CE)

Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Alcoa (NYSE: AA), Citigroup Inc. (NYSE: C) and Tyco International Ltd. (NYSE: TYC).

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Having announced last week it has received a letter of intent to finance its 200 MW wind farm project, and with additional breaking news just released, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (PINKSHEETS: CLBN) should have investors watching closely. Early this morning, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that it has engaged Mr. Oliver Stiles as Senior Vice President, Finance.

Mr. Stiles has over 20 years of professional experience in finance, strategy, accounting, and administration, as well as internal and external compliance. He currently works as a business advisor and consultant leading the way in developing strategic plans for several startup companies involved in the biotech and renewable energy industries. Previously, Mr. Stiles served as executive vice president and chief financial officer at Nonthaburton Group, Inc., from 1995 to 2003, where he was responsible for overseeing the entire spectrum of the day-to-day financial activities of the company.

"We are very excited that Mr. Stiles has decided to join our company. As we continue to grow, we need executives with significant expertise in corporate finance and in communicating with the investment community. We have confidence in Mr. Stile's proven abilities and look forward to a dynamic and rewarding relationship with him," said Mr. Barry Doyle, CEO of Navajo Wind Energy. "The whole management team has very high expectations that Mr. Stiles will be a tremendous asset to our company."

Last week the Company also reported that it has received a letter of intent to finance its 200 MW wind farm project located in Xinjiang, China. According to the press release, the value of the 200 MW project is in excess of US$450,000,000. 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.

The stock closed yesterday at around Three cents a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_031609.

Alcoa (NYSE: AA) up 6.8% on 34.7 million shares traded. Alcoa is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.

Citigroup Inc. (NYSE: C) up 30.9% on 1.4 million shares traded. Citigroup Inc. is one of the leading global financial services companies.

Tyco International Ltd. (NYSE: TYC) up 1.2% on 140.3 million shares traded. Tyco International is a diversified, global company that provides vital products and services to customers in more than 60 countries.

Market Commentary:

The Federal Reserve reported Monday that industrial output dropped by 1.4 percent last month, slightly worse than the 1.2 percent decline economists had expected and marking the fourth straight month nation's industrial output fell.

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