SOURCE: Market Pulse

October 01, 2009 09:00 ET

Stocks to Watch for Thursday, October 1, 2009: MNGA -- MagneGas Announces Third Fuel Distributor Agreement Within the $680 Million Metal Cutting Fuel Market!

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

ATLANTA, GA--(Marketwire - October 1, 2009) - Market Pulse is pleased to introduce our featured stock, MagneGas Corporation (OTCBB: MNGA), to the investment community! MagneGas Corporation is new to Market Pulse and is poised to become a significant player in the $680 million metal cutting market! MagneGas Corporation just had excellent news out in a press release before today's opening bell announcing that it has grown its footprint within the $680 million metal cutting fuel market through its third distribution agreement, this one with Tennessee-based Holston Gases ("Holston") (www.holstongases.com)! 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:

Nike Inc. (NYSE: NKE): Market Outperform

American Scientific Resources Inc. (PINKSHEETS: ASFX): Attractive

Apple Inc. (NASDAQ: AAPL): 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, the markets closed lower. The Commerce Department reported that the economy shrank at 0.7% annual pace in the 2nd quarter, a reading that indicated businesses and consumers were not cutting back as much as expected. Job losses fell, but job creation remained elusive. The market remains uneasy ahead of Friday's September employment report from the Labor Department. Crude for November delivery added $3.90 to settle at $70.61 a barrel. U.S. gold futures closed above the psychologically important $1,000 an ounce level. The dollar was weaker against most other currencies. The Dow ended down 29.92, or 0.3 percent, to close at 9,712.28 after falling nearly 134 points. The Nasdaq fell 1.62, or 0.1 percent, to close at 2,122.42. The S&P 500 index fell 3.53, or 0.3 percent, to close at 1,057.08. The Russell 2000 index fell 6.17, or 1 percent, to close at 604.28.

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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. MP has been compensated four thousand dollars from MagneGas Corporation. In addition, MP was also compensated four hundred thousand restricted shares of MagneGas Corporation by the company. 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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