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QualityStocks Daily Video 02/14/2007
Duration: 5:02Source: YouTube
Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Wednesday February 14th.... 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 snapped a three-day losing streak Tuesday as a rumored takeover of a Dow component and upbeat analyst commentary gave investors some confidence to get back into the market. Nonetheless, the Alcoa news left many on Wall Street pricing in the likelihood of more blockbuster M&A deals, which gave a lift to brokerage stocks and played into our Overweight rating on Financials. Also providing a floor of support for the S&P 500's most influential sector were Banks. Dow components like Citigroup and JP Morgan Chase after Merrill Lynch said concerns over sub-prime mortgage exposure are "overblown." In the Industrials sector, the ability of transportation stocks to look past a 2.0% surge in oil prices was also noteworthy. Railroads was one of today's best performing S&P industry groups after Bear Stearns cited greater operating efficiencies and a more diversified freight mix as reasons to keep riding the rails. With regard to oil, crude for March delivery closed at $58.97/bbl after the I.E.A. raised its 2007 forecast for global oil consumption. While higher energy prices are bearish for the economy, and may garner added attention in Fed Chairman Bernanke's semi-annual meeting over the next two days, prices merely rebounding from Monday's 4.0% sell-off provided enough subsequent leadership in the beaten-down Energy sector to act as an offset. In Our Small Cap News today... Ventures-United through an 8K announced today that they have executed a Share Exchange Agreement by and among Tryant, LLC and Avasoft, Inc., a California corporation. Avasoft sells soft serve ice cream in a unique and groundbreaking way. They believe the Avasoft system will enable thousands of food service operators to enter or expand their presence in the soft serve sector of the $20 billion U.S. frozen dessert market. Ventures-United (AVAF.OB) previously at $0.79 a share opens this morning up 102% at $1.60 a share. Envoy Communications Group Inc. today announced its financial results for its first quarter ended December 31, 2006. Envoy recorded net earnings of $1.6 million, or $.08 per fully diluted share, for the three months ended December 31, 2006 compared with a loss of ($1.1) million or ($.05) per fully diluted share last year Company officials credited the results to strong performances from its consumer and retail branding business and its merchant banking business. Envoy Communications Group Inc. operates as a consumer and retail branding company provides marketing, communications, and consumer and retail branding services for promoting clients products, services, and business. Previously at $2.70 a share Envoy opens this morning up 34% at $3.64 a share with over 3 and a half million shares traded by yesterdays closing bell. JSX Energy Inc. announced yesterday that the Company was awarded the exclusive rights to petroleum Block L17/48 from the Thai Ministry of Energy. The exploration rights extend until year 2016, while production licenses are valid for thirty (30) years. JSX Energy Inc. is an aggressive exploration company focused on high growth opportunities in Thailand's petroleum sector. Management is comprised of leading experts in Thailand's energy industry who have positioned JSX to benefit from revised government policies designed to increase domestic production. Previously at $2.11 a share JSX opens this morning up 29% or $2.74 a share with over 1 and a half million shares traded before yesterdays close. 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.
Rating: (0 ratings) Views: 65 Added: Sep 24, 2007
Category: Author: QualityStocks
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