Stocks to Watch for Tuesday, May 15, 2007: PEP -- Petrostar Petroleum Announces Its Innovative Enhanced Oil Recovery Technology Program Update!

Market Pulse is pleased to introduce our featured stock, Petrostar Petroleum Corporation (CDNX:PEP.V - News), 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 that its Down Hole Tool (DHT) testing continues! Investors need to go to the company's website www.petrostarpetroleum.ca 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 and drive! 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:

Apple Inc. (NasdaqGS:AAPL - News) : Market Outperform

On2 Technologies Inc. (AMEX:ONT - News) : Attractive

Exxon Mobil Corp. (NYSE:XOM - News) : 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 Monday's Bell Market Commentary

On Monday, Light, sweet crude for June delivery rose 9 cents to settle at $62.46 a barrel. The dollar was mixed, it fell against the euro but gained against the yen. Gold fell closing at $670.10 an ounce. Treasury bonds fell ahead of the CPI, with the benchmark 10-year Treasury bond losing 4/32 at 98 16/32, yielding 4.689%. The markets closed mixed despite merger and acquisition activity as investors await the Labor Department's Consumer Price Index report and the National Association of Home Builders' housing market index. The Dow advanced 20.56, or 0.15 percent, to 13,346.78, after rising in the morning to a trading record of 13,383.76. The Nasdaq composite index lost 15.78, or 0.62 percent, to 2,546.44. The Standard & Poor's 500 index declined 2.70, or 0.18 percent, to 1,503.15. The Russell 2000 index fell 7.21, or 0.87 percent, to 822.33.

Source : Market-Pulse.com