WESTON, Fla., June 24, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Stream Communications Network Inc. (OTCBB:STNYF), HPL Technologies, Inc. (Pink Sheets:HPLA), CKE Restaurants Inc. (NYSE:CKR) and Schnitzer Steel Industries (Nasdaq:SCHN).
Aggressive investors and traders may have their eyes on Stream Communications Network Inc. (OTCBB:STNYF) this morning. Yesterday after the markets closed, the company issued a press release announcing it intends to purchase several cable television networks in Poland!
This could mean great news for the company and investors! According to the company's press release, the intended acquisitions, once completed, will bring the company's subscriber base up to 165,000 cable TV and Internet subscribers combined.
Keep this company on your investment radar screen! In addition to the acquisition program, the company plans to upgrade existing networks and deploy new video and data transmission services.
The stock closed yesterday at ninety cents a share.
In case you are not familiar with the company: Stream is a broadband cable company and offers CATV and high-speed Internet services in the densely populated markets of Southern Poland (11.5 million inhabitants and 3.2 million TV homes). Stream is one of the principal consolidators of the cable TV sector in that region and intends to become a leading CATV operator and Internet provider in Southern Poland and beyond. Established in 1995, Stream has offices in Vancouver and Krakow.
Stocks showing interesting activity yesterday at the close of the regular trading day were: HPL Technologies, Inc. (Pink Sheets:HPLA) up 107.1% on 796,400 shares traded, CKE Restaurants Inc. (NYSE:CKR) up 19.9% on 9 million shares traded and Schnitzer Steel Industries (Nasdaq:SCHN) up 13.4% on 2.1 million shares traded.
Commentary:
"According to research by the Investment Company Institute, U.S. mutual funds at the end of 2003 held 22 percent of all retirement monies in the U.S. This group says that strong stock market returns and new investments lifted mutual fund retirement assets by 28 percent, a record $2.7 trillion. Total U.S. retirement assets, which included IRA's, annuities and employer pension plans reached $12.1 trillion at the end of 2003, up 19 percent from the $10.2 trillion in 2002," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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