Market Pulse is pleased to introduce our featured stock, Petrostar Petroleum Corporation (TSX-V: PEP), to the investment community! Petrostar is new to Market Pulse and is poised to become a significant player in the oil and gas exploration industry! Petrostar just had excellent news out in a press release before today's opening bell announcing that it will continue testing of its successful Gen-1 Down Hole Tool and the potential commercialization of the DHT is substantial! This could be great news for investors! Investors need to go to the company's website www.petrostarpetroleum.ca and review this exciting technology! Other notable stocks that should be closely watched due to existing fundamental and technical factors affecting each company include:
RF Micro Devices Inc. (NASDAQ: RFMD) : Market Outperform
WorldWater & Solar Technologies Corp. (OTCBB: WWAT) : Attractive
Accelr8 Technology Corp. (AMEX: AXK) : Attractive
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 Thursday's Bell Market Commentary
On Thursday, the markets closed near the flatline amid disappointing earnings and a jump in jobless claims. The Labor Department reported that the number of newly laid off workers filing claims for unemployment benefits shot up last week by the largest amount since February. Treasury prices rallied and the dollar fell to a new low against the euro. Gold prices rose to $768.70 an ounce. Light, sweet crude for November delivery hit $90.02 in electronic trading. The fallout from the subprime mortgage crisis is still lingering. The Dow fell 3.58, or 0.03 percent, to close at 13,888.96. The Nasdaq composite index rose 6.64, or 0.24 percent, to close at 2,799.31, in which tech shares have performed well this week. The Standard & Poor's index fell 1.16, or 0.08 percent, to close at 1,540.08. The Russell 2000 index moved up 0.14, or 0.02 percent, to close at 825.03.
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Information contained herein is the opinion of MP and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.
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You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated three hundred thousand dollars from Petrostar Petroleum Corporation. In addition, MP has fifty thousand dollars pending from Petrostar Petroleum Corporation. 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 free trading 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 services.