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QualityStocks Daily Video 01/29/2007
Duration: 5:37Source: YouTube
Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Monday, January 29th.... we're bringing you the latest news from around the markets as well as the top movers to look out for today... In Our Headline News... The indices finished in split fashion Friday as investors juggled mixed corporate news, surging oil prices and the growing likelihood the Fed might not cut rates at all this year. Before the market opened, the belief that Thursday's sell-off may have been an overreaction, especially on the heels of Microsoft's solid quarter last night, along with fellow Dow component Caterpillar, issuing upside 2007 sales guidance, helped to improve the underlying tone. At 8:30 ET, the market digested a report that showed that underlying business investment trends are picking up after a few soft months. Durable goods orders jumped 3.1% in December, ex transportation orders posted their first increase since September and non-defense orders (ex-trans) rebounded after a few months of decline. At the end of the day, though, the market simply looked tired following a week choppy trading conditions. In fact, had reports of a possible alliance between Countrywide Financial (CFC 42.94 +2.65) and Bank of America (BAC 52.05 -0.35) not surface late in the day to turnaround the influential Financials sector, the Dow and S&P 500 would have lost even more ground. On a positive note, the market's resilience in the face of a 2.2% surge in oil prices was commendable; especially since the Energy sector failing to take full advantage did not position its leadership as the offset it has been of late when crude prices climb. In Our Small Cap News... the movers and shakers Quality Stocks will be keeping an eye on this week. Sea Containers Ltd. (SCRA.PK) was first highlighted this month on 1/4/07 when it was charting at $0.80 up 48% at $1.19 with over 1.5 million shares trading. Continuing its momentum, Sea Containers closed Friday at $1.56 a share. Sea Containers provides passenger and freight transport and marine container leasing. A segment of the organization provides passenger and freight ferry services. It also owns a commuter ferry service operating in New York harbor, and a 50% interest in a ferry service in the Adriatic Sea . The company also has a Rail segment offering passenger rail transport services through Great North Eastern Railway in Great Britain between London and Scotland. American Security Resources Corporation (ARSC.OB) was highlighted in this month on the 23rd after the announcement that they are in the process of developing a technology to formulate hydrogen that will change the economics of producing hydrogen sufficient to enable the hydrogen economy. The current cost of producing a kilogram of hydrogen was around $7 to $8. Using this new technology, the cost of producing hydrogen could drop below $2 per kg, which is the DOE threshold to make hydrogen competitive with established energy sources. American Security starts it's week up 48% or 7 cents a share with over 4.5 Million shares traded by Fridays close. Intellegentias, Inc. announced this month that they will be changing its ticker symbol to ITLI, effective immediately. Intellegentias changed its name from Merchandise Creations in December 2006, previously traded on the NASDAQ OTCBB using the symbol (ITLI.OB) Intellegentias, Inc. is one of the most dynamic and fastest-growing companies in the Homeland Security sector. Intellegentias, Inc. which markets its Homeland Security software to Law Enforcement Agencies, Telco's and ISP's all over the world. The software allows customers to locate and prosecute terrorists and criminals, and to stay in compliance with federal legislation and directives. Investigatia, Inc., launching in 2007, is their data investigation company. Investigatia intends to focus on fraud, identity theft, identity authentication and verification. Interceptia, Inc., additionally launching in 2007, is the company's Lawful Intercept Company. Interceptia intends to focus on Legal Interception of telecommunications by law enforcement authorities (LEA's) and intelligence services. Intelligentias starts their week trading at an even $1.00 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.
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Category: Author: QualityStocks
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