Market Pulse Announces Its Hot Stock Alerts for Wednesday, October 1, 2008: PRRY, JPM, UGNE, MSFT
01 October 2008 - 11:15PM
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 an update on activities and progress. Despite a
slowdown in production due to Hurricane Ike and the volatility of
the market place, Planet Resource continues to make positive
progress on all facets of its business plan! 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:
JPMorgan Chase & Co. (NYSE: JPM): Market Outperform
Unigene Laboratories Inc. (OTCBB: UGNE): Attractive
Microsoft Corporation (NASDAQ: MSFT): Bearish
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 Tuesday's Bell Market Commentary
On Tuesday, bargain hunters boosted the markets to a sharply
higher close after yesterday's sell-off with the Dow rocketing 485
points, on the day after the biggest point drop in its history.
There are growing expectations that lawmakers will salvage a $700
billion rescue plan for the financial sector. Light, sweet crude
rose $4.27 to settle at $100.64 a barrel. The yield on the
benchmark 10-year Treasury note rose to 3.83 percent from 3.58
percent. The dollar rose against other major currencies. Gold
prices also rose. The Conference Board said its Consumer Confidence
Index rose to 59.8 from a revised 58.5 in August. The Chicago
Purchasing Managers' index, which measures business conditions
across Illinois, Michigan and Indiana, came in at 56.7 compared
with 57.9 in August. The Dow rose 485.21, or 4.68 percent, to
10,850.66. The Nasdaq composite index rose 98.60, or 4.97 percent,
to 2,082.33. The Standard & Poor's 500 index recovered 58.35,
or 5.27 percent, to 1,164.74. The Russell 2000 index rose 21.86, or
3.32 percent, to 679.58.
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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. In
addition, MP has pending four hundred thousand free trading shares
of stock in Planet Resource Recovery, Inc. from a third party
shareholder. To date, MP has sold four hundred thousand shares of
stock in Planet Resource Recovery, Inc. for proceeds totaling
eighty five thousand six hundred twenty three dollars. MP's
officers and directors reserve the right to buy additional shares
of the companies discussed in this opinion and may profit in the
event those shares rise in value. When MP receives shares as
compensation for a profiled company, MP may sell part or all of any
such shares during the period in which MP is performing such
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