(Source: MARKET WIRE)
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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