UDTT news in www.pinnacledigest.com
Pinnacle Digest: Detection of Radiological and Nuclear Risks Spur Interest
6:29 AM ET - M2
To read this article in its entirety, visit us at www.pinnacledigest.com.
Universal Detection Technology (OTCBB: UDTT) experienced an even day in the markets Friday coupled with over 1.5 million shares traded. On July 12th it was announced they have started to offer detection of radiological and nuclear risks. This has moved us at PinnacleDigest to review Universal Detection Technology and the current market surrounding them. Our purpose is to inform our members of breaking news across the markets as well as to research specific companies in detail. We will be focused on UDTT's immediate future development as well as their position within the sector most influencing their success. To read this article in full and to learn more about our expanding, multi-purpose online financial magazine, visit us at www.pinnacledigest.com.
At PinnacleDigest we break down the markets as well as the sectors within them to give our members a more comprehensive sense of the factors influencing their company of focus. We focus almost entirely on the small to mid cap markets within North America. Our purpose is to enhance our members approach to the market, while adding sufficient, additional research. Canada's benchmark broke another record Thursday as takeover speculation continues to fire up investors. The TSX Composite has experienced its largest two week climb in almost a year. It soared 140.50 points Friday closing at 14,496.50. Continued takeover speculations within the mining industry and most recently in the telecommunications sector will continue to move this index higher.
The TSX composite index has been fluctuating greatly of late and has provided optimal entry points for many investors. At PinnacleDigest we believe fluctuating markets always create opportunity. On the TSX, rising resource prices coupled by immense takeover speculation will continue to drive this market higher.
Crude oil for August delivery jumped Friday closing at $73.93 a barrel. Early last week a report documenting the close of some refineries began adding pressure to supply. The value changed little on Thursday as U.S. refiners have begun to restart production units, easing fears that gasoline supplies will fall short. Many oil and gas companies fluctuate greatly with the value of oil. These companies will be a focus at our digest over the summer months and heading into the fall.
The Dow Jones Industrial Average and the S&P 500 Index soared to records last week, as US stocks climbed for the third straight week. Takeover speculation is hitting chaotic highs, driving the markets. Companies announced $49 billion of share buybacks. A recent report documenting a surge in exports has been a key contributor to the rise of late. July has taken off as stocks continued to advance with only a few pullbacks. We are feeling very positive about the overall market environment currently.
Reports that suggest economic growth is accelerating has sent the S&P 500 Index to its largest weekly gain in over three months. ConocoPhillips continues to set share price records, reporting they plan to buy back $15 billion of shares. Companies have reportedly announced plans to buy $415 billion of their own equity this year. This is almost 25% higher than in the same period of last year. To learn more about the company's featured on our site; don't hesitate to visit us and learn about our multi-purpose online financial magazine.
Let's turn our focus back to Universal Detection Technology and learn more about this company's recent news, current objectives and direction moving forward. UDTT has reported that on its own and with development partners they are positioned to capitalize on opportunities related to Homeland Security. We believe strongly in this industry at PinnacleDigest and are very interested in company's residing within it.
UDTT has formed an agreement with MGP Instruments, a leading manufacturer of radiological and nuclear detection instruments to market and sell technologies used for identifying such threats. To view our site and information on specific sectors and the position of many base metals, visit our multi-purpose, easy access online magazine at www.pinnacledigest.com.
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