Here are some market summaries and/or stocks to watch for Wed, May 31, 2006: Oil, digital cameras, Vonage/ VoIP, Microsoft:

• NEWS:

• The Dow gained some early points, rebounding slightly from the terrible performance of yesterday  - consider the worst day on the market in 2 years.
• High oil prices (over US$3/gallon) are increasing demand for fuel efficient cars and alternative fuels.
• CNBC TV’s Morning Call program suggests that stocks of companies making digital cameras are hot, but I’d caution you to do your research. Other recent news suggests a downturn in sales for digital cameras for 2006, worldwide.

• Vonage (NYSE: VG) is being called one of the worst IPOs this year. They’ll be reimbursing underwriters and customers (the latter for service problems).
• Microsoft (NYSE: MSFT) stock has been relatively low lately, and they’ve got $35 Bln in cash. So when Steve Ballmer appeared in New York today, shareholders suggested he implement a share-buyback program. Ballmer didn’t commit either way, saying that Microsoft has already paid investors a variety of dividends.

DISCLAIMER: I do not own shares in any of the companies listed, unless otherwise noted. The suggestions below may not be considered investment advice, and I am not responsible for your purchases or sales. You trade at your own risk. If you disagree, please visit elsewhere.

Tags: worldwealthview, world wealth view, Dow, oil, digital cameras, Vonage, Microsoft