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QualityStocks Daily Video 02/07/2007
Duration: 4:47Source: YouTube
Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Wednesday, February 7th.... we're bringing you the latest news from around the markets as well as the top movers to look out for today... In Headline News Today... For a second straight day, stocks looked lethargic as the lack of catalysts this week continues to leave investors indecisive about the sustainability of last week's impressive rally. Even with Fed Chairman Bernanke's testimony out of the way around 1:30 ET, which made no mention of interest rates or the economy, investors struggled to find much incentive to more aggressively get back into a market ripe for a pullback on the heels of the S&P 500's best weekly performance since August. Of the five sectors closing higher, Utilities turned in the best performance as falling bond yields made dividend-paying stocks more attractive. The Dow Jones Utilities Index was up for the seventh straight day and closed at an all-time high. The rate-sensitive and much more influential Financials sector, though, provided the bulk of market support that merely helped the S&P 500 claw back after falling for the first time in five days. Among the five sectors losing ground, Technology was the day's most influential laggard. A Q3 revenue warning from National Semiconductor (NSM 22.71 -0.61) Monday night gave investors another reason to rotate out of semiconductor stocks. Energy was another disappointment as the sector failed to benefit from a late-day rebound in crude. In Our Small Cap News today... Aladdin Beverage the exclusive importer of Devassa Beer announced they have unveiled its new commercial via YouTube which has created market place buzz in a time when companies are forking over Millions of dollars for a 30 second Super Bowl Commercial. Companies are utilizing You Tubes built in audience to test consumer reaction to the ad in the US before running on mainstream TV. Aladdin Beverage recently signed a deal with the Devassa Brewery for the exclusive rights of the brand in the US. Aladdin Trading is a leading fine craft beer and ale importer serving the North American markets. (ADTJ.PK) previously at $0.26 a share Aladdin opens this morning up 53% at $0.40 a share with close to half a million shares traded by Tuesdays close. Conspiracy Entertainment Holdings Inc. announced today that the company intends to develop games for Nintendo's latest innovation, the Wii(TM) gaming platform. The Wii video game system is receiving rapid market acceptance and represents an exciting evolution in the explosive video game market. Conspiracy currently publishes games for Nintendo Gameboy Advance, Nintendo Game Cube and Nintendo DS platforms as well as many other hardware platforms. (CPYE.OB) previously at $0.13 a share Conspiracy opens today up 30% at $0.17 cents a share with close to 1 million shares traded by Tuesdays close. Magellan Energy Ltd. announced today its corporate update for quarter one 2007 They currently has an option to acquire up to 200 low producing oil wells located in the domestic United States. They are weighing which of the options it wishes to trigger and will be looking for the wells that will offer the most cost effective and profitable returns. They also announced that they will also be focusing on some potential acquisitions of exploration properties that would yield significant interest within the Oil and Gas community. Magellan Energy Ltd. is a growing and experienced energy company focused on acquiring and partnering with existing producing junior properties in North America. (MGLC) previously at $0.65 a share Magellan opens up 69% today at $1.10 a share. And that's it for the news makers... Be sure to join us every market day for the latest commentary... on small cap to large cap and everything in between brought to you by Quality Stocks. Net. Also be sure to watch for "The QualityStocks Daily Newsletter" available each trading day through QualityStocks.Net. Thank you for tuning in, I'm Cathy Rankin. Have a great day and we'll see you tomorrow, right here on the daily report.
Rating: (0 ratings) Views: 50 Added: Sep 24, 2007
Category: Author: QualityStocks
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