Market Pulse Announces Its Hot Stock Alerts for Wednesday, July 16, 2008: LGDI, MOS, CHINA, KLAC
July 16 2008 - 9:15AM
Marketwired
ATLANTA, GA , to the investment community! Legend International
Holdings is new to Market Pulse and is poised to become a
significant player in the fertilizer and inorganic chemical
industry! Legend International just had excellent news out in a
press release before today's opening bell announcing Legend and
IFFCO India's largest fertilizer enterprise reach landmark
agreement! The company also said it is very excited by the
opportunity to work with IFFCO a cooperative representing 50
million farmers and the largest fertilizer company in the
burgeoning Indian market! 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:
The Mosaic Company (NYSE: MOS) : Market Outperform
CDC Corporation (NASDAQ: CHINA) : Attractive
KLA-Tencor Corp. (NASDAQ: KLAC) : 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, even with a sharp drop in oil prices, the markets
closed mostly lower. The Federal Reserve Chairman Ben Bernanke
commented that the economy is facing numerous difficulties. Shares
of Fannie and Freddie tumbled again. The Labor Department said core
inflation at the wholesale level, which excludes energy and food,
ticked up by just 0.2 percent. The Commerce Department reported
that retail sales edged up by 0.1 percent in June, a weaker amount
than expected. A barrel of light, sweet crude dropped $6.44 to
settle at $138.74. Treasury prices rose. The Dow Jones had their
first close below 11,000 since July 2006. The Dow fell 92.65, or
0.84 percent, to 10,962.54. The Nasdaq composite index rose 2.84,
or 0.13 percent, to 2,215.71. The Standard & Poor's 500 index
fell 13.39, or 1.09 percent, to 1,214.91. The Russell 2000 index
fell 2.15, or 0.32 percent, to 662.35.
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