Stocks rise on GE upgrade despite weak employment data

U.S. stocks rose on Friday as investors took heart after the government said monthly payroll losses slowed, even as unemployment rose above 10 percent.

General Electric Co shares jumped more than 5 percent after a brokerage upgrade, and helped lead the industrial sector higher.

The market had opened lower after data showed the unemployment rate topped the psychologically key 10 percent level and reached the highest point since April 1983.

U.S. employers cut 190,000 jobs in October and unemployment hit its highest level since 1983. Despite the disturbing headline unemployment number, payroll losses continued to decline, which some investors saw as a mild positive as the hourly work week remained static.

The Dow Jones industrial average was up 17.84 points, or 0.18 percent, at 10,023.80. The Standard & Poor’s 500 Index rose 2.30 points, or 0.22 percent, at 1,068.93. The Nasdaq Composite Index increased 7.87

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Wednesday October 28, 2009

DrStockPick.com Stock Report!

AQNM, CX, PSFT, AXP, PWRM, NDAQ, CSRH, VZ, CVAT, GE

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AXP, American Express Company

AXP, a payments and travel company, provides charge and credit payment card products, and travel-related services worldwide.

AXP’s division American Express Business Travel announced today the findings of two surveys which offered separate yet similar predictions on the health and future of business travel heading into 2010. The company surveyed its Global Business Partnership (GBP) clients, its largest global clients, as well as 180 client organizations based across Shanghai, Beijing, and Guangzhou in China through its annual China Business Travel Survey (The

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Monday October 19, 2009

DrStockPick.com Stock Report!

AMGN, PWRM, JNJ, CSRH, GE, CVAT, TEVA, AQNM

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AMGN, Amgen Inc.

AMGN, a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology.

The Food and Drug Administration wants more information about AMGN’s osteoporosis treatment Prolia before granting marketing approval. It delays a drug seen as a potential blockbuster for the company.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of

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A unit of Tyco International Ltd.’s (TYC) Tyco Flow Control was recently selected to support the construction of Australia's largest desalination project in one of the largest public-private partnerships for infrastructure in the world.

The desalination plant in Victoria will play a key role in meeting the needs of the drought-prone areas of southern and eastern Australia by turning sea water into 40 billion gallons of drinking water per year. This will reach 3.5 million people in Melbourne and adjoining areas. Under the $120 million contract, Tyco Flow Control will supply 6,200 mild steel pipes, stretching across 53 miles and connecting the desalination plant to the Melbourne water supply system.

Tyco Flow Control's innovative flow management technology enhances the safe and efficient delivery of water to homes, schools and communities. The superior quality of materials to be used will safeguard the pipeline for decades while reducing the energy

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Jet engine maker Pratt & Whitney said it plans to eliminate 1,000 jobs in Connecticut by 2011, transferring engine repair work to the Southeastern state of Georgia and Asia in a cost-cutting initiative.

This subsidiary of United Technologies Corp. (UTX) will close down its Cheshire, Connecticut, plant by early 2011. From the second quarter of 2010, it will begin shifting some operations from the East Hartford facility to Columbus, Georgia, Singapore and Japan. Pratt & Whitney, which is suffering due to sagging demand from airlines, employs 35,000 workers worldwide, with 11,000 in Connecticut.

The company rejected an offer that the Machinists union valued at more than $80 million in wage and other concessions and a state plan proposing $100 million in economic assistance over five years. Pratt & Whitney has vastly scaled back operations in the state since the 1960s, when more than 20,000 workers were employed.

Pratt

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After being significantly hurt by the economic downturn, the first wave of deals to stabilize the aircraft leasing industry is now on its way. Dutch aircraft leasing firm AerCap Holdings (AER) said on Friday it would buy Genesis Lease Ltd. (GLS) in an all-stock deal worth $302.6 million for greater scale and access to more funds for aircraft purchases.

The weak market condition has created the necessity for such consolidation. The combined entity will create the largest publicly listed aircraft leasing company, controlling about 5% of the total leased market. With 358 commercial aircraft and 83 engines that are either owned, on order, under contract or letter of intent, or managed, the combined company is expected to significantly contribute to the recovery of the industry. It will also have 116 airlines as clients, with a lease portfolio value of about $6 billion.

According to the deal, Genesis

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Siemens AG (SI) has targeted orders worth more than 6 billion Euros for intelligent power networks (Smart Grids) over the next five fiscal years. The company is already a leading international supplier of Smart Grids and continues to strengthen this position.

Intelligent power grids, or smart grids, are based on the conventional power grids which transport electricity from large power plants to individual households. However, digital technology allows individual households or businesses to manage their electricity more efficiently, allowing them to receive, or deliver back to the grid, electricity from other sources like wind or solar power facilities, or even from batteries in electric cars.

According to studies, more than a billion tons of carbon dioxide (CO2) emissions could be abated with intelligent power networks by 2020. Smart Grids are essential for integrating renewable power sources into power networks and for ensuring stable power supplies from solar and

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Carrier Corp., a division of United Technologies Corp. (UTX), acquired StrionAir, a producer of proprietary air purification systems employing patented "capture and kill" technology. StrionAir developed and patented advanced electronic filtration methods and products, including the sole whole-house air purifier in the market validated by third-party tests to capture and kill airborne germs, viruses and mold.

StrionAir has been the provider of Carrier's residential Infinity Air Purifier since 2006, and has also developed, marketed and sold over 6,000 commercial systems. StrionAir is headquartered in Louisville, Colorado and was founded in 1997.

This acquisition will enable Carrier to incorporate Infinity Air Purifier into its products as well as provide an opportunity for accelerated product development for both residential and commercial applications.

Carrier has consistently been the leader in developing energy-efficient, environmentally sound solutions in home and building comfort and indoor air quality. Carrier, headquartered in Farmington, Connecticut, is the world's largest provider of

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Three Pratt & Whitney Rocketdyne Space Shuttle Main Engines (SSME) successfully powered the launch of Space Shuttle Discovery on Mission STS-128 to deliver extra supplies and equipment to support a six-person crew onboard the International Space Station. The SSME is the world's only fully reusable high performance rocket engine rated for human space flight. Discovery was launched from NASA's Kennedy Space Center on 30th August. Pratt & Whitney Rocketdyne is a unit of United Technologies Corp. (UTX).

Discovery's main payload is the Leonardo Multi-Purpose Logistics Module, which is carrying extra supplies and equipment to help establish a six-astronaut crew capacity on the space station. The payload includes science and storage racks, a treadmill and a crew quarter.

Pratt & Whitney Rocketdyne Inc., a part of Pratt & Whitney, is a preferred provider of high-value propulsion, power, energy and innovative system solutions used in a wide variety of government

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Siemens AG (SI) recently bought a 40% stake in Israel-based Areva Power Co. for $15 million. Areva develops, builds and operates photovoltaic plants. This is another significant step in strengthening green and sustainable technology initiative by Siemens. Due to intensive sunlight and steadily growing demand for energy, Israel is an ideal location for developing solar energy business.

It will now be possible for Siemens to build Israel’s first commercial solar farm in the region between the Dead Sea and the Red Sea. The company will handle project management including engineering and construction of the photovoltaic plants. It has signed a framework agreement to build plants with a total output of 40 megawatts (MW). The first project will be construction of a plant with an output of up to 4.9 MW at Kibbutz Ketura, in the southern desert of Israel.

Areva Power was founded in 2006 and is headquartered

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