WESTON, FL -- (Marketwire) -- 01/06/11 -- Wall Street News Alert's "stocks to watch" this morning are: MC Endeavors, Inc. (PINKSHEETS: MSMY), BP plc (NYSE: BP), Citigroup, Inc. (NYSE: C) and Alcoa, Inc. (NYSE: AA).
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Yesterday after the markets closed, MC Endeavors, Inc. (PINKSHEETS: MSMY) issued a press release announcing that its subsidiary CENTIUUM Holdings Asia has signed an agreement with GUNHOO E&C of to manufacture and install construction supervision offices for their project sites throughout South Korea and Asia. GUNHOO Engineers and Constructors is headquartered in the City of Incheon and designs and builds housing complexes, manufacturing facilities, logistics centers, and overseas plants.
Richard Sohn, COO of MC Endeavors and Centiuum Asia, stated, "Our Freedom Building System technology of factory built laminated steel wall panel modules, roof trusses and floor joist assemblies meets the requirement of the client to be able to build new construction site offices for their projects in a matter of days instead of months."
Jerry Kammerer, CTO of MC Endeavors and Centiuum Asia, emphasized that, "The rectangular buildings are virtually the same design at each project site so the building modules can be prebuilt in the factory and stored in our warehouse for quick shipment to any new construction site. The exterior wall assemblies are unloaded off the trucks and can be erected in place on the same day. The first order is for 100 units of the 400 sq. meter Type-A Construction Office Buildings at a cost of $24M US."
The stock closed yesterday at Fifteen cents a share.
BP plc (NYSE: BP) up 0.5% on 11.8 million shares traded.
BP is one of the world's largest energy companies, with interests in more than 100 countries and over 96,000 employees.
Citigroup, Inc. (NYSE: C) up 1.4% on 664.5 million shares traded.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries.
Alcoa, Inc. (NYSE: AA) up 0.2% on 48.2 million shares traded.
Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry.
The Institute for Supply Management, a trade group of purchasing executives, said Wednesday that its index of service sector activity rose to 57.1 in December. Any reading above 50 indicates growth.
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