Stocks to Watch for Tuesday, October 21, 2008: PRRY - Planet Resource Recovery Announces Successful Removal of Contaminates in F
22 October 2008 - 12:00AM
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 the successful pre-treatment of flow back water
originating in the Barnett Shale of Central Texas! The company also
said the cost of current wastewater disposal processes is in excess
of $1.2 billion per year to the industry! 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:
Progress Energy Inc. (NYSE: PGN) : Market Outperform
Spongetech Delivery Systems Inc. (OTCBB: SPNG) : Attractive
American Express Company (NYSE: AXP) : Market Outperform
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 extended its gains during the midday as
Federal Reserve Chairman Ben Bernanke recommended another stimulus
package to boost the nation's economy. The New York-based
Conference Board said its monthly forecast of future economic
activity rose 0.3 percent, a much better reading than the 0.2
percent drop expected by Wall Street economists. Light, sweet crude
rose $2.40 to settle at $74.25 a barrel. The benchmark 10-year
Treasury note rose. The yield, which moves opposite its price, fell
to 3.87 percent from 3.93 percent late Friday. The U.S. dollar also
rebounded. All the major indexes finished with gains of 3 percent
or more. The Dow rose 413.21, or 4.67 percent, to 9,265.43. The
Nasdaq composite index rose 58.74, or 3.43 percent, to 1,770.03.
The Standard & Poor's 500 index jumped 44.85, or 4.77 percent,
to 985.40. The Russell 2000 index rose 20.41, or 3.88 percent, to
546.84.
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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: seven
hundred thousand free trading shares of stock in Planet Resource
Recovery, Inc., already received from a third party shareholder. In
addition, MP has pending one 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
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