WESTON, Fla., March 10, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Nationwide Safe-T Propane, Inc. (Other OTC:NSFE), EMC Corporation (NYSE:EMC), Motorola Incorporated (NYSE:MOT) and Yahoo! Inc. (Nasdaq:YHOO).
Aggressive investors should be watching Nationwide Safe-T Propane Inc. (Other OTC:NSFE) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has signed an Advertising Agreement with International Broadcasting Corporation (IBCS) of Santa Maria, California!
This could be the beginning of good news for investors! The agreement covers news distribution services, corporate sponsor listing for one year. Also included is a professionally produced 60-second radio advertising spot and a live radio interview plus multiple replays. The 60-second radio spot will be on the Lou Gentile Show and other IBC Radio Network shows a minimum of four times daily for three months.
Keep your eyes on this company! Investors should be aware that the company remains focused on its core business model, which is developing a market for its patented CGX-4(R) propane additive, and explosion resistant propane Safe-T Cylinders(r) in the industrial lift truck markets. The company has developed a very user-friendly system for the delivery and maintenance of industrial cylinders.
The stock closed yesterday at ten cents a share.
Earlier this month, the company announced that a detailed proposal is being prepared for submission to the FAA (Federal Aviation Administration) as part of the process that would be required for approval of NSFE's patented explosion suppression system using Safetypacs(tm). There is no guarantee of the FAA's acceptance of NSFE's system. One of the advantages of the Safetypacs(tm) system is that it prevents and suppresses explosions created by internal and external sparks and heat sources. The value of this technology to the FAA is that explosions such as the one that brought down TWA Flight 800 are suppressed before they ever start.
Stocks showing interesting activity yesterday were: EMC Corporation (NYSE:EMC) down 2.4% on 15.7 million shares traded, Motorola Inc. (NYSE:MOT) down .96% on 12.8 million shares traded and Yahoo! Inc. (Nasdaq:YHOO) down 1.1% on 10.4 million shares traded.
Commentary: Good news for home buyers
"The 10-year treasury is at 3.72%. This is the lowest since July of last year. According to the Federal Reserve, the economy that created fewer jobs than forecast, along with sluggish economy stats, has caused the bonds to drop. The good news is that the rate on home mortgages is once again coming down. According to www.bankrate.com, last week the 30-year mortgage was at 5.64%, the 15-year was at 4.95%, and the adjustable at 3.58 %. Refinancing and second mortgages are still going strong; rates are at 45-year lows," stated Sonja Rudd in Wall Street News Alert`s daily commentary continued at: http://www.WallStreetNewsAlert.com.
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