SOURCE: Market Pulse

November 01, 2007 09:00 ET

Stocks to Watch for Thursday, November 1, 2007: PEP -- Senior Engineer Joins Petrostar Petroleum and GEN-2 DHT Surface Test Deemed Successful; Drill Program Well Underway!

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

ATLANTA, GA--(Marketwire - November 1, 2007) - Market Pulse is pleased to introduce our featured stock, Petrostar Petroleum Corporation (TSX-V: PEP), to the investment community! Petrostar is new to Market Pulse and 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 that a senior engineer joins Petrostar and GEN-2 DHT surface test is deemed successful! The company also announced the drill program is well underway! This could be great news for investors! Investors need to go to the company's website www.petrostarpetroleum.ca and review this exciting technology! Other notable stocks that should be closely watched due to existing fundamental and technical factors affecting each company include:

Intel Corp. (NASDAQ: INTC) : Market Outperform

CROCS Inc. (NASDAQ: CROX) : Market Underperform

Iconix Brand Group Inc. (NASDAQ: ICON) : Attractive

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, the Commerce Department reported that gross domestic product grew at an annual rate of 3.9 percent in the third quarter, a faster pace than the 3 percent growth forecasted. The Commerce Department also reported that construction spending increased 0.3 percent in September, its best showing in four months. The Federal Reserve's quarter point rate cut sent the markets soaring to a sharply higher close. The fed funds rate now stands at 4.50 percent. Light, sweet crude for December delivery rose $4.15 to settle at $94.53 a barrel. Gold rose above $800 an ounce. Treasury bond prices fell. The dollar fell to a fresh low against the euro and fell against other major currencies. The Dow rose 137.54, or 1 percent, to close at 13,930.01. The Nasdaq composite index rose 42.41, or 1.51 percent, to close at 2,859.12. The Standard & Poor's 500 index rose 18.36, or 1.20 percent, to close at 1,549.38. The Russell 2000 index rose 11.87, or 1.45 percent, to close at 828.02.

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