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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 Friday, February 9th.... 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... Stocks closed modestly lower Thursday as uncertainty about decelerating profit growth resurfaced to keep the market in a period of consolidation following last week's sizable market gains. As a reminder, Q4 earnings may be up about 11%, but broader weakness is being masked by extremely strong growth from Financials. In fact, without an estimated 8% contribution in aggregate earnings growth from Financials, Q4 profit growth for the S&P 500 stands at an unimpressive 3%. Last night, HSBC Holdings warned that provisions for bad debt will be some 20% higher than previously thought. That news weighed heavily on mortgage lenders and, in turn, provided a reason to lock in gains throughout Financials. Exacerbated worries about the sub-prime lending market aside, economic data have suggested that weakness in housing has yet to spill over into the general economy. Be that as it may, the fact that even luxury home builders are now running into trouble took an added toll on sentiment and made matters even worse for last year's second worst performing S&P industry group. Homebuilders plunged 21% in 2006 while today's 2.7% decline provided an extra reason to consolidate gains from this year's second-best performing sector -- Consumer Discretionary. The latter was also in focus today as a plethora of retailers announced same-stores sales results for January. While the market overall continues to show surprising resilience in the face of higher energy prices, economically-sensitive areas like transportation were not as fortunate, which also weighed on Industrials. In Our Small Cap News today... Kaire Holdings, Inc. announced the acquisition of H&H Glass Corporation. Terms of the deal include payment on approximately $8 million in common stock and as part of the transaction, all current convertible note holders have agreed to restructure their debt into zero coupon fixed rate convertible preferred shares with a two year hold on any conversions. Fiscal year 2006 figures will be available shortly. In fiscal year 2005, H&H Glass had net revenues of approximately $13.5 million with net earnings of approximately $.5 million. Kaire Holdings, Inc. and subsidiaries provide pharmacy services and home care medical equipment for use in the medical and health care markets. NetSol Technologies Inc. announced its second quarter and first half fiscal year 2007 financial results after the close of the market on Monday, February 12, 2007. Following the distribution of the press release, NetSol hosted a conference call to review the results. NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. . By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company has been moving into an attractive growth cycle due to its shift to globalization, its aggressive attempts to grow through acquisitions and alliances, the low cost for its skilled labor pool, its quality standards accreditations and rankings, its expected software menu expansion and Its strong balance sheet. Infinity Acquisition Corporation, Inc. announced yesterday that through their wholly owned subsidiary, Younger America, they have retained JeuneFusion to assist in the turn-key development of their Anti-Aging/Medical Spas. JeuneFusion was tapped to oversee and support every aspect of the design, building, and equipping of the Younger America Anti-Aging/Medical Spas. Younger America has been developed to help reverse the aging process through modern, natural internal medical means, as well as through non or minimally invasive medical and cosmetic procedures. Infinity Acquisition Corporation, Inc. is a consulting firm committed to increasing shareholder value by using their extensive business resources and maintaining smart business practices with financial and operational control. 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 QualityStocks. 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.