Stocks on the Move for Monday, June 30, 2008: PRRY -- Planet Resource Recovery Enters Into Negotiations to Acquire Working Inter
June 30 2008 - 9:15AM
Marketwired
ATLANTA, GA , 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 that the company's
wholly owned subsidiary has entered into talks to acquire a working
interest in oil production wells west of Houston! The company said
the selected wells open a potentially new revenue stream! 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:
Bucyrus International Inc. (NASDAQ: BUCY) : Market
Outperform
New Century Energy Corp. (OTCBB: NCEY) : Attractive
Google Inc. (NASDAQ: GOOG) : Market Outperform
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.
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After Friday's Bell Market Commentary
On Friday, crude for August delivery surged to $142.99 a barrel,
an all-time high. Gold for August delivery rallied $16.20 to end at
$931.30 an ounce. Bond prices edged higher. The dollar was flat to
modestly lower against major currencies. The Commerce Department
said spending rose 0.8 percent in May, as taxpayers started
receiving their stimulus checks. The increase was higher than the
0.7 percent economists predicted. The University of Michigan's June
index of consumer sentiment came in at 56.4, a bit lower than its
reading in May. Record oil prices and fallout from the credit
crisis sent the markets tumbling. The Dow Jones industrial average
fell 106.91 points, or 0.93 percent, to 11,346.51. The Dow has
fallen nearly 460 points in the last two sessions and reached its
lowest point since September 2006. The Nasdaq Composite Index fell
5.74 points, or 0.25 percent, to 2,315.63. The Standard &
Poor's 500 Index fell 4.77 points, or 0.37 percent, to 1,278.38.
The Russell 2000 index fell 0.28, or 0.04 percent, to 698.14.
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stock, available for public trading as follows: Planet Resource
Recovery, Inc. compensation from a third party shareholder: three
hundred thousand free trading shares of stock in Planet Resource
Recovery, Inc., already received from a third party shareholder. In
addition, MP has pending one hundred thousand free trading shares
of stock in Planet Resource Recovery, Inc. from a third party
shareholder. To date, MP has sold one hundred twenty thousand
shares of stock in Planet Resource Recovery, Inc. for proceeds
totaling twenty four thousand four hundred ninety three dollars.
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