SOURCE: Wall Street News Alert

Wall Street News Alert

March 04, 2009 08:33 ET

Wall Street News Alert: Stocks in Focus for Wednesday: CAAH -- March 4, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - March 4, 2009) - Wall Street News Alert's "stocks to watch" this morning are: China America Holdings (OTCBB: CAAH), Citigroup Inc. (NYSE: C), Caterpillar Inc. (NYSE: CAT) and General Motors Corp. (NYSE: GM).

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There is major breaking news coming from China America Holdings (OTCBB: CAAH) and investors are going to watch this one closely. Yesterday after the markets closed, the company issued a press release announcing that its 56% owned China based subsidiary Shanghai AoHong has renewed its agreement with FAW-Volkswagen Automobile Co. Ltd., a joint venture between Volkswagon and China FAW Group Corporation, to supply the company with refrigerant R134A Product for automobile air conditioning systems.

This is more great news for the company, as according to the press release, this agreement generated sales of approximately $1.76 million for the calendar year of 2008 and management hopes to improve on this performance in 2009. China FAW Group Corporation is a pioneer in China's auto industry and the country's leading automaker. FAW manufactures light, medium, and heavy-duty trucks, cars, buses, and mini-vehicles in China. China FAW produces more than seven million vehicles per year. FAW's manufacturing facilities are located throughout China. China FAW has joint venture operations with numerous automakers including Volkswagen, Mazda, and Toyota, offering additional sales opportunities for Aohong.

Commenting on the contract Shaoyin Wang, CEO of China America Holdings, stated, "Aohong is pleased to renew its supply agreement with FAW-Volkswagen Automobile Co. Ltd. Management believes that this R134A supply contract will lead to additional product sales to China FAW in 2009 as China becomes a leading producer and consumer in the worldwide automobile industry. Refrigerant R134A is an inert gas used primarily as a 'high-temperature' refrigerant for automobile air conditioners. China FAW Group uses Aohong's refrigerant R134A in the air conditioning systems of automobiles it manufactures.

The stock closed yesterday at around Two cents a share.

For an in-depth profile of China America Holdings, visit http://thenewssvc.atapps.com/CAAH030309.html.

Citigroup Inc. (NYSE: C) up .02% on 516.1 million shares traded.

Citigroup Inc. is one of the leading global financial services companies.

Caterpillar Inc. (NYSE: CAT) up 1.3% on 22.4 million shares traded.

Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent.

General Motors Corp. (NYSE: GM) down 1.0% on 8.7 million shares traded.

General Motors Corp. is one of the world's largest automakers. With global headquarters in Detroit, GM manufactures its cars and trucks in 35 countries.

Market Commentary:

According to credit reporting agency, TransUnion LLC, its database shows the percentage of mortgage holders at least 60 days behind on payments, considered a precursor to foreclosure, jumped to 4.58 percent nationally, from 2.99 percent for the 2007 fourth quarter.

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