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Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Tuesday, February 6th.... 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... The S&P 500 snapped a four-day winning streak Monday as M&A activity, a reversal in oil, and reassurance about the pace of economic growth weren't enough to completely sideline sellers questioning the sustainability of the market's recent gains. Last week, the Dow, S&P 500 and Nasdaq surged 1.6% on average. Nine out of 10 sectors closed lower, but the biggest disappointments coming from two of the least influential economic sectors also underscored why the S&P 500 and Nasdaq weren't down more considerably. Similarly, the day's best performing sector was Utilities; but its 1.0% gain merely spoke to the market's defensive stance since it too is among the lowest weighted sectors on the S&P 500. On a positive note, some M&A activity making headlines played into our Overweight rating on Financials and our belief that stock valuations remain reasonable. Be that as it may, since none of today's deals were blockbusters by any means, investors continued to err on the side of caution. Separately, investors got some comforting news about the pace of economic growth from the services sector, especially after the weak 49.3 read on manufacturing conditions reported last week. The January ISM survey of national services companies came in with a reading of 59.0, the highest level since May. Nonetheless, since the services sector is so steady, the report did little to ease underlying concerns about the Fed cutting rates anytime soon. In Our Small Cap News today... Carbon Race Corporation announced on Friday that it has become a public entity and will trade on the Pink Sheets with a symbol of (CBRJ.PK). The Company provides design, engineering and manufacturing company, focused on advanced composite material products, utilizing a proprietary "Carbon Fiber" technology to provide light weight and cost effective solutions to aviation, automotive, sporting and racing markets. Previously at $1.50 a share Carbon race opens this morning up 76% at $2.65 a share. Northamerican Energy Group Corporation announced today that it has reached an agreement in principle with Penergy, of Midland, Texas, for the acquisition of five Permian Basin leases. The leases include existing wells that were shut in, and thereafter purchased by Penergy, in the late 1990's when oil prices bottomed out. Northamerican Energy Group Corporation has developed a proven growth strategy of identification, acquisition, and development of domestic hydrocarbon reserves. Northamerican Energy (NNYR.PK) previously $0.15 a share opens up 66% today at $0.25 a share. Xtreme Motorsports announced last month they have entered into discussions with several firms to produce an advanced line of sandcar transmission systems. The new systems are intended to benefit Xtreme by reducing delivery times, providing a 60% reduction in procurement costs and allowing the company to become a reseller of transmissions to other sandcar manufacturers and customers in need of replacement units. The company expects to formalize the relationships with contractors in the first quarter of 2007. Xtreme Motorsports (ETMO.PK) previously at $0.8 cents a share opens today up 76% or $0.15 cents a share with over 17 Million shares traded by yesterday's bell. 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.