SOURCE: Market Pulse

June 16, 2009 09:00 ET

Stocks to Watch for Tuesday, June 16, 2009: MNGA -- MagneGas Secures Agreement to Begin Commercial Sale of MagneGas™ Fuel to 4,500 Customers!

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

ATLANTA, GA--(Marketwire - June 16, 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 begun inroads into the $680 million metal cutting fuel market through a fuel distribution agreement with Florida-based Crumpton Welding Supply! The company also said Crumpton will immediately begin selling MagneGas™, created from non-hazardous liquid waste, to their 4,500 customers! 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:

Huntington Bancshares Inc. (NASDAQ: HBAN): Market Outperform

Marine Exploration Inc. (OTCBB: MEXP): Attractive

Cell Therapeutics Inc. (NASDAQ: CTIC): 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 Monday's Bell Market Commentary

On Monday, stocks fell as a weak 10-year note auction raised worries about inflation and interest rates. U.S. Treasury prices rallied for a third straight session after downbeat data on manufacturing and the housing market. The dollar's rise helped send oil prices lower. Light, sweet crude fell $1.42 to settle at $70.62 per barrel. This week marks quadruple witching, which can bring more volatility to the markets. The Dow fell 187.13, or 2.1 percent, to 8,612.13. The Nasdaq composite index fell 42.42, or 2.3 percent, to 1,816.38. The Standard & Poor's 500 index fell 22.49, or 2.4 percent, to 923.72. The Russell 2000 index fell 15.00, or 2.9 percent, to 511.83.


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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 two thousand dollars from MagneGas Corporation. In addition, MP was also compensated two hundred fifty 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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