SOURCE: Market Pulse

June 27, 2007 09:00 ET

Stocks to Watch for Wednesday, June 27, 2007: PEP -- Petrostar Petroleum Reports on Its Enhanced Oil Recovery Technology and Reviews Several Potential Acquisitions!

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

ATLANTA, GA--(Marketwire - June 27, 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 it has awarded a contract to initiate its first Electric Tank Heater (ETH) prototype that will not only lower operating costs by reducing consumption of fossil fuels but also produce zero CO2 emissions! Investors need to go to the company's website and review this exciting technology! In other developments the company said it is currently reviewing several potential acquisitions! 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:

Oracle Corp. (NASDAQ: ORCL) : Market Outperform

Sun Cal Energy Inc. (OTCBB: SCEY) : Attractive

Sirius Satellite Radio Inc. (NASDAQ: SIRI) : Bearish

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 Tuesday's Bell Market Commentary

On Tuesday, the markets closed down for a third session. Higher bond yields and concerns from the subprime mortgage market contributed. The benchmark 10-year U.S. Treasury note was down 2/32, while the yield was up at 5.10 percent. The dollar was mixed against other major currencies. Gold prices fell. Crude futures dropped $1.41 to settle at $67.77 a barrel. The Commerce Department said that new home sales dropped in May for the fourth time in the past five months. Sales of new single-family homes fell by 1.6 percent to a seasonally adjusted annual rate of 915,000 units. U.S. home prices fell for a fourth consecutive month in April. The Consumer Confidence Index fell almost 5 points to 103.9, down from a revised 108.5 in May, its lowest level in almost a year. The Dow Jones industrial average fell 14.39 points, or 0.11 percent, to close at 13,337.66. The Nasdaq Composite Index fell 2.92 points, or 0.11 percent, to close at 2,574.16. The Standard & Poor's 500 Index fell 4.85 points, or 0.32 percent, to close at 1,492.89. The Russell 2000 fell a point to close at 826.


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