Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Tuesday, January 16th.... 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... More evidence that a soft landing for the U.S. economy remains on track helped extend Thursday's broad-based buying efforts. The Dow finished in record territory again while the Nasdaq hit a new six-year high. Of the eight sectors closing in positive territory, Energy led the charge. The return of Energy's leadership, following four straight down days that opened the sector down 3.5% for the week and off more than 8% already this year, more than acted as an offset to the 2.1% bounce in oil. After plunging 13% so far this year and selling off over the last four days, a rebound of some sort was not a big surprise. It is also worth noting that oil was still down nearly 6% for the week and is 33% below record levels reached last July. In our small cap headlines today... some of the movers and shakers we'll be watching this week... Point Therapeutics Inc. announced Friday that it will push testing of its treatment for metastic pancreatic cancer to completion after a second-phase study yielded encouraging results. The final results from the project are expected sometime in the middle of this year. The second phase of the study results found no unexpected toxicities that would prevent the company from continuing to test talabostat in combination with gemcitabine. Nascent Wine Co. announced Friday that it will begin doing business as Nascent Food Service immediately, and in the near future will file a Form 14(c) with the SEC to obtain shareholder approval to officially change the Company's name to Nascent Food Service, Inc. The name change to Nascent Food Service better reflects the Company's business in its quest to become Mexico's largest nationwide food distributor. Nascent Wine Co. a company seeking to become one of the largest food distributorships in Mexico announced last week that it has signed an agreement that will make it an International member of Bellissimo Foods Company, LLC for the country of Mexico. Quote media, Inc. a leading provider of market data software and financial applications, announced the appointment of Mr. Paul Pryde as Senior Vice President & Regional Director. "QuoteMedia's growth over the past few years, from virtual unknown to an emerging major player in the financial data industry, has been extremely impressive, The remarkable client list that has already migrated speaks volumes about the kind of acceptance the company is generating for its data solutions Mr. Pryde was quoted saying. " 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 next tomorrow...right here on the daily report.
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Added: Sep 24, 2007 |
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