SOURCE: Market Pulse

March 06, 2008 09:00 ET

Stocks to Watch for Thursday, March 6, 2008: PEP - Petrostar Petroleum Updates on Positive Testing Results and Continues Testing of Gen-2 DHT at Maidstone!

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

ATLANTA, GA--(Marketwire - March 6, 2008) - Market Pulse is pleased to introduce our featured stock, Petrostar Petroleum Corporation (TSX-V: PEP), to the investment community! Petrostar Petroleum is poised to become a significant player in the oil and gas exploration industry! Petrostar just had excellent news out in a press release before today's opening bell announcing they will continue testing of the Gen-2 DHT at Maidstone, SK! The company also updated again their past positive results of testing! This could be great news for investors! Investors need to go to the company's website and review this exciting technology! Other notable stocks that should be closely watched due to existing fundamental and technical factors affecting each company include:

Applied Materials Inc. (NASDAQ: AMAT) : Market Outperform

Victory Energy Corp. (OTCBB: VYEY) : Attractive

Gasco Energy Inc. (AMEX: GSX) : 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 Wednesday's Bell Market Commentary

On Wednesday, US stocks rose. The Institute for Supply Management reported activity in the service sector declined in February. A Labor Department report showed labor costs rose at a 2.6 percent annual pace in the fourth quarter. The Fed's Beige Book report on regional economies indicated growth at the start of the year was sluggish and accompanied by rising price pressures. Bond prices fell sharply. Gold for April delivery rose as high as $995.20 an ounce before easing back to $990.60, up $24.30. The dollar was mixed against other major currencies. Light, sweet crude for April delivery jumped $5 to settle at a record $104.52 a barrel. The Dow rose 41.19, or 0.34 percent, to 12,254.99. The Nasdaq composite rose 12.53, or 0.55 percent, to 2,272.81. The Standard & Poor's 500 index added 6.95, or 0.52 percent, to 1,333.70. The Russell 2000 index rose 2.76, or 0.41 percent, to 683.74.


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