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  • Stocks to Watch on Monday | Sept 13, 2010 | YRCW | PCG | PEIX | GENZ |

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    Sunday Sept 12, 2010, 06:23 am EST
     
    Stocks to Watch on Monday 09/13/2010 -  YRCW, PCG, PEIX, GENZ
     
    Dear Traders,
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    Hot Stocks to Watch Monday 09/13/2010  are
    YRCW- YRC Worldwide Inc.
    PCG- PG&E Corporation
    PEIX- Pacific Ethanol Inc.
    GENZ- Genzyme Corporation


    YRCW - YRC Worldwide Inc.(NASDAQ:YRCW)
    YRC Worldwide (NASDAQ:YRCW) stock has stayed stable at around 26 -29 cents since few weeks. The latest news about YRCW comes from  the Teamsters union which said late Friday that it will only support new employee concessions at YRC Worldwide Inc. (YRC) if the effort "supports a comprehensive restructuring" at the struggling trucking company. "Our goal is to facilitate that restructuring and protect as many Teamster jobs as possible," the International Brotherhood of Teamsters said in a statement to its members.
     
    PCG-PG&E Corporation (NYSE:PCG)
    PG&E Corp. (PCG ) shares will remain under pressure as regulators  are investigating the cause of a natural gas pipeline explosion in San Bruno, Calif., that killed at least four people and destroyed or damaged more than 40 homes. PCG has had a bad track record for safety measures and regulators are more strict now after the BP incident. PCG lost 8% in stock market cap on Friday.


    PEIX- Pacific Ethanol Inc.(NASDAQ:PEIX)
    Pacific ethanol Inc. (PEIX), a leading producer of low-carbon renewable fuels, is scheduled to present at Wedbush Securities’ Second Annual Clean Technology & Industrial Growth Conference in San Francisco on Tuesday, September 14th. Considering the emergence of the company’s subsidiaries from bankruptcy earlier this year onvestors are expecting more positive news.

    GENZ- Genzyme Corporation (NASDAQ:GENZ)

    Genzyme Corp.(GENZ), said on Friday after market close that it will eliminate 1,000 jobs, which is about 10 percent of the workforce, over the next 15 months to save money. In a memo to employees, Henri A. Termeer, Genzyme’s chief executive, said the cuts are needed to achieve “substantial annual target savings’’ by 2012. Genzyme has recently rejected a takeover bid from Sanofi saying that the bid was too low to discuss. Shares of Genzyme Corp. gained around 2% in after hours.

     

    God Bless,
    Be Rich.


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