Wall Street News Alert's "stocks to watch" this morning are: Axis Technologies Group, Inc. (PINKSHEETS: AXTG), EMC Corporation (NYSE: EMC), Applied Materials, Inc. (NASDAQ: AMAT) and Charles Schwab Corporation (NASDAQ: SCHW).
If you have taken Axis Technologies Group, Inc. (PINKSHEETS: AXTG) off of your radar screen, put it back on now, and watch it like a hawk! A flurry of press releases was issued last week that shows the company's patented product seems to be taking off like a rocket! Several major announcements were issued last week by the company stating that its Axis Dimming/Daylight Harvesting (DDH) Ballast system has already been or will be installed at Walgreens Drugstore locations, the University of Maryland, Harrah's Casinos, Kennebunk Schools in Kennebunk, ME, as well as several major airports. These airports include Dallas/Ft. Worth (DFW); Harlingen, TX (HRL); Sky Harbor in Phoenix (PHX); McCarren in Las Vegas (LAS) and George Bush in Houston (IAH). Continue to watch for more announcements.
And so far this week, the company continues to show incredible momentum. Axis has already announced that Speedway Motors, a large performance auto components distributor has installed over 1,200 Axis ballasts in their facility, and that The Principia, a private K-12 campus located in Saint Louis, MO has selected the Axis Technologies Dimming/Daylight Harvesting (DDH) ballasts for installation campus-wide to greatly reduce their lighting energy usage. According to that press release, The Principia completed installation of approximately 1,000 ballasts before the start of the fall 2006 semester.
This is a "MUST WATCH" company! Yesterday after the stock markets closed, the company issued a press release announcing that their product, the Axis Dimming/Daylight Harvesting (DDH) Ballast meets the criteria for Federal Energy Policy Act 1331 of the Energy Policy Act of 2005 that went in to effect January 1, 2006. This Act provides for a tax deduction of $0.60/square foot when energy-efficient lighting, that meets the criteria specified, is installed in new or existing buildings.
"Green initiatives are quickly becoming the norm as our society becomes more informed with regard to energy conservation and environmental issues. As many new laws and initiatives are introduced we feel that we are definitely in the right place at the right time with our unique product. We are confident that this new Act will have a tremendous impact on future sales for Axis," said Kip Hirschbach, CEO of Axis Technologies Group, Inc.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Axis Technologies! A "ballast" is an electronic component that regulates voltage in fluorescent lighting. Axis Technologies Group, Inc. has developed an innovative new ballast with the aim of expanding daylight harvesting into mainstream fluorescent lighting applications. The patented Axis Dimming/Daylight Harvesting Ballast is a new technology that transforms the ballast, a once standard lighting industry staple, into a dynamic energy saving system that can reduce lighting energy costs by up to 70%. The Axis DDH Ballast utilizes an individual photo sensor to automatically adjust the amount of electrical current flowing to the light fixture, and then dims or increases lighting in conjunction with the amount of available sunlight that may be harvested from available windows and sunlight. The Axis DDH Ballast avoids "over-lit" conditions that increase energy costs by keeping lighting "tuned" to the desired level in a designated area.
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In case you are not familiar with the company: Axis Technologies Group, Inc. conducts its business through this wholly owned subsidiary Axis Technology, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technology, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis DDH ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast.
EMC Corporation (NYSE: EMC) up 1.2% on 33.6 million shares traded. EMC Corporation is one of the leaders in products, services and solutions for information management and storage.
Applied Materials, Inc. (NASDAQ: AMAT) down 0.1% on 21.8 million shares traded. Applied Materials, Inc. is one of the global leaders in Nanomanufacturing Technology solutions.
Charles Schwab Corporation (NASDAQ: SCHW) up 1.6% on 11.6 million shares traded. The Charles Schwab Corporation is one of the leading providers of financial services.
Market Commentary:
"Oil surged by $1.31 or $60 a barrel after news that high winds in the Alaska pipeline area had cut flow by 25% of normal capacity because of high winds. Gold rose by $5.70 an ounce for December delivery," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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