Wall Street News Alert's "stocks to watch" this morning are:
Universal Detection Technology (OTCBB: UNDT), RAE Systems Inc.
(AMEX: RAE), The Shaw Group Inc. (NYSE: SGR) and Thermo Fisher
Scientific Inc. (NYSE: TMO).
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Major breaking news has been issued by Universal Detection
Technology (OTCBB: UNDT), and investors are going to want to
monitor the stock closely this morning! Yesterday, the company, a
developer of early-warning monitoring technologies to protect
people from bioterrorism and other infectious health threats and
provider of counter-terrorism consulting and training services,
issued a press release announcing that it has received a contract
to provide handheld assays for bioterrorism detection for the 2008
Beijing Olympics and has fulfilled the contract by delivering the
equipment to Beijing ahead of the Olympic Games.
This is great news for the company and its investors, as
according to the press release, the handheld devices are designed
to detect anthrax, ricin, botulinum toxin, plague and SEBs in as
little as 3 Minutes. "The contract for the bioterrorism detection
kits comes on the heels of our contract to provide radiation
detection equipment for the Olympics," said Mr. Jacques Tizabi,
UNDT's Chief Executive Officer. "We are proud to have contributed
to the safety of the Olympics games," he added.
The press release states UNDT's 5-agent bioterrorism detection
kits have been extensively used by first responders and private
industry throughout the country. Testing of the kits by the U.S.
DOD, as well as the United Kingdom military, show that the kits
show no cross-reactivity with near neighbor species and no false
positives with commonly encountered "white powders." The kits will
be optimally used to test suspicious powders in any of the numerous
Olympics venues.
The threat of a bioterrorist attack with deadly anthrax has once
again come to the forefront of the nation's concerns with the
recent suicide of the suspect in the 2001 anthrax mailings in the
United States. Bioterror experts warn that an attack is only going
to become easier to launch as the same work that has spawned
countless new biotech medical treatments continues to advance.
"Unfortunately, there's going to be a dark side," says Randall
Larsen, Director of the Institute for Homeland Security, a
Virginia-based think tank. The biotech revolution, he said, is
making it "easier for non-state actors to develop sophisticated
bioweapons."
The contract to supply UNDT's bioterrorism detection equipment
for the 2008 Beijing Olympics has come from F&D International
Corporation.
Investors are urged to continue to monitor the progress of the
company!
The stock closed Wednesday at Three cents a share.
For a recent Wall Street News Alert's in-depth profile of
Universal Detection Technology, visit
http://www.WallStreetNewsAlert.com/HotStocks/UNDT080608/default.aspx.
RAE Systems Inc. (AMEX: RAE) up 6.6% on 70,000 shares
traded.
RAE Systems is a leading global provider of rapidly deployable
sensor networks that enable customers to identify safety and
security threats in real time. Products include multi-sensor
chemical detection networks, wireless gas detection systems and
radiation monitors for energy production and refining, industrial
and environmental safety, and public and government first responder
security.
The Shaw Group Inc. (NYSE: SGR) up 2% on 1.1 million shares
traded.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation and facilities management
services for government and private sector clients in the energy,
chemicals, environmental, infrastructure and emergency response
markets.
Thermo Fisher Scientific Inc. (NYSE: TMO) up 1.3% on 3.1 million
shares traded.
Thermo Fisher Scientific Inc. is the world leader in serving
science, enabling our customers to make the world healthier,
cleaner and safer. Fisher Scientific provides a complete portfolio
of laboratory equipment, chemicals, supplies and services used in
healthcare, scientific research, safety and education. Together, we
offer the most convenient purchasing options to customers and
continuously advance our technologies to accelerate the pace of
scientific discovery, enhance value for customers and fuel growth
for shareholders and employees alike. Visit
www.thermofisher.com.
Market Commentary:
"Oil prices dipped briefly under $118 on Wednesday after a jump
in U.S. crude and other fuel supplies fed beliefs that high energy
prices are eating into demand. Light, sweet crude for September
delivery finished the session down 59 cents at $118.58 a barrel on
the New York Mercantile Exchange. Prices earlier fell as low as
$117.11, the lowest since May 2 and slightly more than $30 below
their trading high of $147.27, reached July 11," stated Sonja Rudd
in Wall Street News Alert's daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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For current services performed for Universal Detection Technology
(OTCBB: UNDT), WSCF has been compensated Four Hundred Thousand
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Million shares of Universal Detection Technology prior to the
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