According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Nov. 20, reflecting ramped-up drilling activity by the producers amid recent optimism about economic recovery. As shown in the first chart below from Baker Hughes, rigs exploring and producing in the U.S. totaled 1,113 during the week. This is up by 12 from the previous week’s tally and represents the fifth successive weekly gain. The current nationwide rig count is 27% higher from the 2009 low of 876 (set in the week ended June 12). The combined oil and gas rig count is down by 828 from the year-ago period. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ended Aug. 29 and Sept. 12. The number of natural gas ...

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) announced recently that it has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI’s Nano-Cavitation Process Systems. Miura is a leading Engineering Company specialized in Edible Oil Processing Plants in the Far East. Last week CVAT reported a 3-for-1 forward stock split.

AMB Property Corporation® (NYSE: AMB), a leading global owner, operator and developer of industrial real estate, today released

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GMX Resources Inc. (GMXR) recently agreed to sell a 40% interest in its gas gathering and compression business to Kinder Morgan Energy Partners L.P. (KMP) for $36 million. The closing of the transaction is subject to customary closing conditions and is expected to conclude in early November. This transaction will fund GMX’s addition of a second rig to the Haynesville/Bossier Shale horizontal drilling program. The salt water disposal assets and other poly pipelines will not be part of the transaction and will continue to be wholly owned by Endeavor Pipeline Inc., a wholly owned subsidiary of GMX Resources. The gas gathering and compression business provides gathering services to the company in its Cotton Valley Sands and Haynesville/Bossier Shale horizontal developments in East Texas. It will provide funding for future infrastructure needs to support GMX's anticipated production growth. Separately, GMX said its second FlexRig 3 ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Actuant Corp (ATU) Argo Group International Holdings Ltd (AGII) The Bank of New York Mellon Corp (BK) Benchmark Electronics Inc (BHE) C&D Technologies Inc (CHP) Cavco Industries Inc (CVCO) Canadian Pacific Railway Ltd (CP) China Security & Surveillance Tech Inc (CSR) Cincinnati Financial Corp (CINF) Cleco Corp (CNL) CONMED Corp (CNMD) CRM Holdings Ltd (CRMH) Dayton Superior Corp (DSUPQ) Domtar Corp (UFS) DRI Corp (TBUS) Eastman Kodak Co (EK) EMS Technologies Inc (ELMG) Exelon Corp (EXC) Expeditors International of Washington (EXPD) Gran Tierra Energy Inc (GTE) Harleysville Group Inc (HGIC) Haverty Furniture Companies Inc (HVT) Helmerich & Payne Inc (HP) Innophos Holdings Inc (IPHS) Insteel Industries Inc (IIIN) JA Solar ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Aegean Marine Petroleum Network Inc (ANW) AeroVironment, Inc (AVAV) American River Bankshares (AMRB) Aon Corp (AON) Aventine Renewable Energy Holdings, Inc (AVRNQ) Benchmark Electronics, Inc (BHE) Boise Inc (BZ) BT Group Plc (BT) C&D Technologies, Inc (CHP) Cincinnati Financial Corp (CINF) CLARCOR Inc (CLC) CoBiz Financial Inc (COBZ) Cousins Properties Inc (CUZ) CRH Plc (CRH) Cumulus Media Inc (CMLS) Dayton Superior Corp (DSUPQ) Doral Financial Corp (DRL) Eastman Kodak Co (EK) Echostar Corp (SATS) EMS Technologies, Inc (ELMG) Fresh Del Monte Produce Inc (FDP) GenVec, Inc (GNVC) Helmerich & Payne, Inc (HP) HFF, Inc (HF) Hypercom Corp (HYC) Insteel Industries, Inc (IIIN) InterOil Corp (IOC) Keynote Systems, Inc ...

Mutual funds with the objective of "growth" seek long-term growth by investing in common stocks. These growth oriented funds also often look for income as a secondary objective.

Investors can find such funds by checking out the Zacks #1 Rank Growth Mutual Funds list.

3 Solid Picks

Paradigm Capital Appreciation (PVCAX) seeks long-term capital appreciation, investing mainly in common stocks of mid-cap companies. The fund may invest in exchange traded funds (ETFs) that invest in mid capitalization companies when investment opportunities are limited, pending selection of individual securities, or for temporary purposes.

The fund's top 10 holdings include Helmerich & Payne, Inc. (HP), Joy global (JOYG) and Invitrogen (IVGN). PVCAX's turnover ratio is 40%. The fund's largest allocation is in the Techonology sector, followed by the Industrial Sector and Health sectors.

Morris Ajzenman, CFA and Senior Vice President, is the portfolio manager of the Capital Appreciation Fund. Previously, Ajzenman was employed by Punk,

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Oklahoma is a land of innovation. After all, the first parking meter came out of this state. Today Oklahoma is a top producer of automobiles and planes. Centrally located, mild temperatures and low cost of living make Oklahoma a very attractive state. Here are some interesting facts about Oklahoma:1. Oklahoma’s top exports are pumps for liquids, and liquid elevators.2. Oklahoma offers an incentive program for new employers generating employment within the state. Its quality jobs program pays up to 5% of the total payroll expense for up to 10 years.3. The cost of doing business in Oklahoma is the 10th lowest in the country.4. It is estimated that Oklahoma will be the second largest provider of wind power by 2030.5. The state’s aerospace industry employs over 143,000 people.6. There are 4 foreign trade zones within the state.7. ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aeropostale Inc (ARO) Atlas Pipeline Partners LP (APL) Axsys Technologies Inc (AXYS) Babcock & Brown Air Ltd (FLY) Badger Meter Inc (BMI) Basic Energy Services Inc (BAS) BlueLinx Holdings Inc (BXC) CARBO Ceramics Inc (CRR) Cyberonics Inc (CYBX) DHT Maritime Inc (DHT) Eisai Co Ltd (ESALY) Enbridge Energy Management LLC (EEQ) Encore Acquisition Co (EAC) First Cash Financial Services Inc (FCFS) Fluor Corp (FLR) GameStop Corp (GME) Gray Television Inc (GTN) GSC Investment Corp (GNV) Helmerich & Payne Inc (HP) Hewitt Associates Inc (HEW) Hoku Scientific Inc (HOKU) ICON plc (ICLR) Intrepid Potash Inc (IPI) Key Energy Services Inc (KEG) Kindred Healthcare Inc (KND) Landry's Restaurants Inc (LNY) Layne ...

Comfort Systems USA, Inc. (FIX), a Zacks #1 Rank (“strong buy”) company, has seen its share price climb by about 15% since it was last featured in late June. Wall Street earnings estimates have also risen. All 3 covering analysts hiked full-year 2008 forecasts from last month’s $1.17 per share to $1.24. The most accurate projection is a higher $1.25.

Recent Acquisition

The company recently acquired Delcard Associates, Inc. ("Delcard"), a full service commercial HVAC company based in Wilmington, Delaware. Comfort Systems said Delcard had 2007 revenues of approximately $45 million, adding that Delcard has an ideal geographic location for Comfort Systems, and given its construction and service reputation throughout Delaware as well as the strength of its excellent workforce, Comfort believes Delcard will make a strong contribution to our continuing operations.

Income

In late July, FIX declared a quarterly dividend of $0.045 per share. The company noted that the

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Helmerich & Payne, Inc. (HP), a Zacks #1 Rank (“strong buy”) company, posted record net income of $125.4 million for the third quarter, compared to the previous year’s $115.2 million. The oil & gas driller missed Wall Street earnings expectations only once over the past five consecutive quarters and, on average, was 5.6% ahead of the estimates during those quarters.

Company Description

Helmerich & Payne, Inc. is primarily a contract drilling company, engaging in the contract drilling of oil and gas wells in the United States and internationally. The company provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas.

Quarterly Results Reflect Growth

The company released its fiscal third-quarter report in late July. The results included record net income of $125.4 million, compared to the previous year’s

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