SOURCE: Market Pulse

May 09, 2007 09:00 ET

Stocks to Watch for Wednesday, May 9, 2007: PEP - Petrostar Petroleum Announces Enhanced Oil Recovery Innovative Technology Update!

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

ATLANTA, GA--(Marketwire - May 9, 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 Down Hole Tool (DHT) testing proceeding and that an additional well will be targeted for testing! Investors need to go to the company's website and review this exciting technology! The company said the DHT has the potential of economically revitalizing tens of thousands of proven North American medium and heavy oil wells that have been suspended due to insufficient reservoir pressure! 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:

Research In Motion Ltd. (NASDAQ: RIMM) : Market Outperform

Tao Minerals Ltd. (OTCBB: TAOL) : Attractive

Blue Nile Inc. (NASDAQ: NILE) : 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 Tuesday's Bell Market Commentary

On Tuesday, the markets closed mixed. The National Association of Realtors projected existing home sales will fall 2.9 percent this year to 6.29 million, compared with its previous forecast for a 2.2 percent decline because of stricter lending standards and subprime woes. The Commerce Department reported wholesale inventories increased 0.3 percent to a seasonally adjusted $393.23 billion in March, failing to meet projections. The benchmark 10-year Treasury bond finished down 1/32 to 99 30/32, yielding 4.634%. The dollar declined against the Japanese yen but rose against the euro. Gold futures dropped $3.0 to close at $687.40 an ounce. A barrel of light, sweet crude rose 79 cents to $62.26. Investors took profits ahead of the Fed's meeting. The Dow Jones industrial average fell 3.90, or 0.03 percent, to 13,309.07. The Nasdaq composite index rose 0.80, or 0.03 percent, to 2,571.75. The Standard & Poor's 500 index was down 1.76, or 0.12 percent, at 1,507.72. The Russell 2000 index was down 0.97, or 0.12 percent, at 830.90.


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