Wall Street News Alert: Stocks on the Move for Thursday! October 23, 2008
Market Wire, October, 2008
Wall Street News Alert's "stocks to watch" this morning are: CleanTech Biofuels, Inc. (OTCBB: CLTH), Oracle (NASDAQ: ORCL), Microsoft (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL).
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Since Wall Street News Alert began coverage of CleanTech Biofuels, Inc. (OTCBB: CLTH), the company has issued a string of important press releases that should have investors monitoring the progress of the company.
A Wall Street News Alert video presentation and an in-depth profile of CleanTech Biofuels, is available at: http://www.prmediainc.com/CLTH/102208
Here is a recap on the company's recent October developments:
-- On Tuesday morning, CleanTech Biofuels announced that Market Advisors
Research has initiated coverage of the company with an intermediate term
price range of $1.98 for its common stock. To view the report please visit:
http://thenewssvc.atapps.com/CLTH1008.pdf .
-- On Monday the company reported that it has placed its initial orders
for equipment to be used at its first commercial site located in Chicago,
Illinois. According to the press release, CleanTech expects to begin
producing biomass from municipal solid waste for the production of
renewable energy in the near-term.
-- Wednesday of last week, the company announced that it has fulfilled
its first milestone pursuant to its exclusive worldwide sublicense
agreement for technology developed at the University of California,
Berkeley for converting cellulose to ethanol.
-- Finally the company reported on October 13th, 2008 that it has closed
the merger of Biomass North America Licensing, Inc. into its wholly-owned
subsidiary.
For complete details, investors are urged to refer to the company's press releases.
The stock closed Wednesday at Sixty Three cents a share.
In case you are not familiar with the company: CleanTech Biofuels, Inc. is a development stage company with technology that the company believes is capable of converting municipal solid waste into ethanol and other energy products. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at low or possibly negative feedstock cost, the Company expects to achieve profitability quickly relative to other energy producers who must develop their infrastructure to collect and transport more expensive feedstocks such as sugar cane, corn or even switchgrass, wood waste, or corn stover.
Oracle (NASDAQ: ORCL) down 2.9% on 46.7 million shares traded. Oracle is the world's largest enterprise software company.
Microsoft (NASDAQ: MSFT) down 7.8% on 149.9 million shares traded. Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Apple Inc. (NASDAQ: AAPL) up 5.8% on 80.2 million shares traded. Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.
Market Commentary:
"The stock markets tumbled Wednesday, with the Dow diving 500 points, as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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