SOURCE: Market Pulse

May 16, 2008 09:15 ET

Market Pulse Announces Its Hot Stock Alerts for Friday, May 16, 2008: NIHK, QCOM, WWAT, MSFT

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - May 16, 2008) - Market Pulse is pleased to introduce our featured stock, Nighthawk Systems Inc. (OTCBB: NIHK), to the investment community! Nighthawk Systems is poised to become a significant player in the wireless telemetry and automation industry! NIHK just had excellent news out in a press release at yesterday's closing bell announcing strong financial results and that first quarter revenues increased 290% over the previous year period! The company also said it expects significant revenue contributions in 2008 from a number of initiatives introduced in 2007! 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:

Qualcomm Inc. (NASDAQ: QCOM) : Market Outperform

WorldWater & Solar Technologies Corp. (OTCBB: WWAT) : Attractive

Microsoft Corp. (NASDAQ: MSFT) : 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. This analysis is done from a technical and fundamental perspective.

After Thursday's Bell Market Commentary

On Thursday, the markets closed higher, as oil prices retreated and better-than-expected economic data was released. Light, sweet crude for June delivery fell 10 cents to settle at $124.12 a barrel after rising as high as $126.64 earlier in the session, and falling as low as $120.75 later in the day. The Philadelphia Federal Reserve said regional manufacturing activity is contracting in May at a much slower pace than in April. Federal Reserve Chairman Ben Bernanke said in a speech in Chicago he is "encouraged" by recent efforts by banks to raise cash helping to relieve fears from the credit crisis. The Fed also stated that nationwide industrial output sank for the second straight month in April by 0.7 percent. Bond prices rose. The dollar was lower against most other major currencies. Gold prices climbed. The Dow Jones industrial average rose 94.28, or 0.73 percent, to 12,992.66. The Nasdaq composite index rose 37.03, or 1.48 percent, to 2,533.73. The Standard & Poor's 500 index rose 14.91, or 1.06 percent, to 1,423.57. The Russell 2000 index rose 7.31, or 0.99 percent, to 743.38.


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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.

MP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of a MP analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an MP opinion, recommendation or analysis.

Information regarding companies which MP has opined upon is normally available from many sources including the subject company's filings with the SEC and various press releases issued by the company.

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. For past coverage of Nighthawk Systems, Inc., MP was compensated a total of two hundred thirty thousand dollars directly by the company. In addition, MP was also compensated seven million restricted shares of Nighthawk Systems, Inc. directly from the company. To date, MP has sold two million eight hundred eighty eight thousand six hundred sixty six shares for total proceeds of two hundred thirty three thousand eighty one dollars. MP presently owns four million one hundred eleven thousand three hundred thirty four shares, all of which are presently available for resale. It is MP's present intention to sell, from time to time, the shares it owns of Nighthawk Systems, Inc. as market conditions permit. 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 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.

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