Wall Street News Alert's "stocks to watch" this morning are: Spine
Pain Management, Inc. (OTCBB: SPIN), Gilead Sciences, Inc. (NASDAQ:
GILD), Amgen, Inc. (NASDAQ: AMGN) and Pfizer Inc. (NYSE: PFE).
Today, Spine Pain Management, Inc. (OTCBB: SPIN) issued a press
release announcing revenue guidance for the fourth quarter and year
ending Dec 31, 2009. Spine Pain Management, Inc. began operations
of its first clinic in Houston, TX late September, 2009. Revenues
for the three months ending, Dec. 31, 2009 was approximately
$730,000. This added to the third quarter revenues of $230,000
covering five weeks of operations will bring total years revenues
to approximately $960,000. After year end adjustments and non-cash
charges, it is anticipated that fourth quarter will be profitable;
however, full year will still show a loss. SEC form 10K is expected
to be filed late February or early March with actual numbers.
Dr. Donovan, CEO stated, "It has been a very productive first
five months for the Company to include this current month, the
first of the new year. I fully expect first quarter's numbers in
our Houston clinic to exceed fourth quarter. In addition, we expect
to begin receiving revenues from our expansion phase into other
cities."
The stock closed yesterday at $1.77 a share.
For an in-depth profile of Spine Pain Management, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=SPIN_012610.
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Gilead Sciences, Inc. (NASDAQ: GILD) as of 12:15pm EST. up 6.7%
on 16.1 million shares traded. Gilead Sciences is a
biopharmaceutical company that discovers, develops and
commercializes innovative therapeutics in areas of unmet medical
need.
Amgen, Inc. (NASDAQ: AMGN) as of 12:15pm EST. up 0.6% on 4
million shares traded. Amgen discovers, develops, manufactures and
delivers innovative human therapeutics.
Pfizer Inc. (NYSE: PFE) as of 12:15pm EST. up 1.1% on 22.2
million shares traded. At Pfizer, we apply science and our global
resources to improve health and well-being at every stage of
life.
Market Commentary: American's are showing a little more
confidence in our economy, as the Conference Board's Consumer
Confidence Index increased to 55.9. Although relatively dismal, the
increase is the highest in more than a year. That compares with
53.6 in December.
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