Wall Street News Alert's "stocks to watch" this morning are: Arrow
Resources Development, Inc. (OTCBB: ARWD), Archer Daniels Midland
Company (NYSE: ADM), Bank of America Corp. (NYSE: BAC) and B/E
Aerospace, Inc. (NASDAQ: BEAV).
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With important news just released, Arrow Resources Development,
Inc. (OTCBB: ARWD) should have investors watching closely as Wall
Street News Alert initiates coverage of the company. Yesterday
after the markets closed, the company issued a press release
announcing that it continues to expand its operations as Arrow and
its joint venture partners have agreed to commence developing
50,000 hectares of critical land in the South Sulawesi province
near the city of Makassar (formerly known as Ujung Pandang) for the
cultivation of large scale corn and eucalyptus farming.
This news should be welcomed by investors, as the press release
state that this brings the total land under development to 129,000
hectares, or over 300,000 acres and represents an increase of over
60%. Arrow will continue to extend their commitment to sustainable
agriculture and develop only deforested land; land which has been
previously illegally harvested.
Investors are urged to keep a close eye on future developments.
Arrow Resources Development, Inc. develops and coordinates
corporate operations, finance, sales and marketing activities along
with the administration of the corporate citizenship programs for
natural resource development companies in the Asian market. Its
initial relationship with Arrow Pacific Resources Group Limited
(BVI Company) is for the development of large scale plantation and
farming operations in Indonesia. Arrow has signed a similar
agreement with Gerakan Masyarakat Pelestari Lingkungan Hidup
(GMPLH), and GMPLH's joint venture partner, PT Tiga Duan
(Indonesian company owned by Arrow Pacific) for the large scale
plantation/farming and ethanol plants in Indonesia. Arrow's
agreements entitle the Company to 10% of all gross revenue
generated by all their partners' plantation/farming including any
and all sales of natural resources and derivative products.
The stock closed yesterday at Six cents a share.
For an in-depth profile of Arrow Resources Development, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=ARWD_050509.
Archer Daniels Midland Company (NYSE: ADM) down 8.9% on 11.4
million shares traded. Archer Daniels Midland Company turns crops
into renewable products that meet the demands of a growing
world.
Bank of America Corp. (NYSE: BAC) up 4.4% on 550.6 million
shares traded. Bank of America is one of the world's largest
financial institutions, serving individual consumers, small and
middle market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk-management products and services.
B/E Aerospace, Inc. (NASDAQ: BEAV) up 17.7% on 4.9 million
shares traded. B/E Aerospace, Inc. is the world's leading
manufacturer of aircraft cabin interior products and the world's
leading distributor of aerospace fasteners and consumables.
Market Commentary:
Oil News: Prices withdrew Tuesday from five month highs, as the
government is expected to report that crude storage levels have
reached a new 19-year high. Benchmark crude for June delivery fell
63 cents to settle at $53.84 a barrel on the New York Mercantile
Exchange.
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