Dallas, TX -- (ReleaseWire) -- 07/03/2008 -- Today’s TraderNotes include: Mainland Resources Inc. (OTCBB: MNLU), Apollo Group Inc. (Nasdaq: APOL), Ross Stores Inc. (Nasdaq: ROST), Monster Worldwide Inc. (Nasdaq: MNST), Converted Organics Inc. (Nasdaq: COIN), General Motors Corp. (NYSE: GM), Starbucks Corp. (Nasdaq: SBUX), Dell Inc. (Nasdaq: DELL)
“Mainland Resources Inc. (MNLU) shares climbed nearly 11% to $4.75 Wednesday morning. Mainland engages in the acquisition, exploration, and development of oil and gas properties in North America...
“Mainland has approved the Authority for Expenditure (AFE) to cover expenses associated with the drilling and completion of its Griffith #1-H well in the East Holly Field of De Soto Parish, Louisiana…
“Mainland acquires, explores and develops oil and gas properties in the United States. The company's exploration efforts are currently focused on its leases in the East Holly Field of De Soto Parish in Northwest Louisiana, a region which includes the Haynesville Shale, Cotton Valley and Hosston formations...”
“Apollo Group Inc. (APOL) shares soared nearly 24% to $56.56 following word of its positive third-quarter financials. Apollo Group, through its subsidiaries, provides various educational programs and services at high school, college and graduate levels...
“Apollo Group recently said its third-quarter profit increased slightly as it expanded its enrollment and improved collection efficiency for tuition from wayward students. The company said it earned $139.1 million, or 85 cents per share, compared with a net income of $131.4 million, or 75 cents per share, in the same March-May quarter last year, beating analyst expectations…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Mainland Resources Inc. (OTCBB: MNLU). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon and its affiliates have been compensated a total of nine thousand five hundred dollars directly from the company for enrollment of MNLU in its research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.