Stocks to Watch for Wednesday, July 16, 2008: LGDI -- Legend International Holdings and IFFCO -- India's Largest Fertilizer Ente
July 16 2008 - 9:00AM
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:
Microsoft Corp. (NASDAQ: MSFT) : Market Outperform
Coldwater Creek Inc. (NASDAQ: CWTR) : Attractive
Activision Blizzard Inc. (NASDAQ: ATVID) : Market Outperform
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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.
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After Tuesday's Bell Market Commentary
On Tuesday, the markets closed mostly lower in spite of a sharp
drop in oil prices. The Dow tumbled over Federal Reserve Chairman
Ben Bernanke's comments that the economy faces numerous
difficulties. A barrel of light, sweet crude dropped $6.44 to
settle at $138.74. Treasury prices rose. 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. 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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