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QualityStocks Daily Video 9/19/2007
Duration: 3:44Source: YouTube
Welcome to The Daily Stock Report...brought to you by QualityStocks.net, where performance is tracked daily. I'm Vanessa Ramirez, and for Wednesday September 19th we're bringing you the latest news from around the markets ... Today's headline news are brought to you by Nascent Wine Company, Inc. (NCTW.OB) Nascent Wine Company, Inc. dba Nascent Food Service, is one of Mexico's largest distribution, sales, merchandising and promotions company of imported food and beverage products The big news today comes after the Fed announced Tuesday it cut the federal funds rate, from 5.25 percent to 4.75 percent. The half-point reduction was double the quarter-point move that many economists had been expecting. The action was designed to boost economic growth by lowering borrowing costs for millions of consumers and businesses. Oil futures broke records again yesterday, rising as high as $82.38, before settling at $81.51 a barrel, up 94 cents from Monday. Prices also rose as investors looked ahead to today's inventory report by the Energy Department's Energy Information Administration, that is expected to show inventories and refinery activity declined last week. The Dow Jones industrial average reacted to the Fed's rate cut by surging 335 points -- its biggest one-day point jump in nearly five years. It should be interesting to see what the market does today after such a busy day Tuesday. The markets open this Wednesday morning with The Dow up 335.97 or 2.51% The Nasdaq also rose a full 70 points or 2.71% And the Standard & Poor's 500 index rose 43.13, or 2.92 percent And now for a look at the Small Cap news Quality Stocks was tracking yesterday... Small Cap headlines are brought to you by Intelligentias, Inc., (ITLI.OB) Intelligentias, Inc., ITLI is positioned to be a leading provider of data forensic retention software for telecommunications companies, Internet service providers, businesses and law enforcement agencies. Pearl Asian Mining Industries, Inc. (PAIM.PK) announced Monday that it is almost ready for the first test run of its gold processing plant at the Gango Gold Rush Project. Pearl Asian Mining Industries Inc. is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Secured Digital Applications, Inc. (SDGL) announced a number of new contracts in the month of August including a contract valued at $852,000 to supply and install its EyStar Smarthome Management System and complementary video surveillance hardware at a Malaysian Real Estate Development. Secured Digital Applications, Inc. is a global provider of outsourced business services in media production, information technology, digital document management and consulting. Target Logistics, Inc. (TLG) previously at $1.83 is up 32% at $2.42 with over 597,000 shares traded. Target Logistics, Inc. shares surged Tuesday after the company announced the signing of a definitive merger agreement where Target Logistics will be acquired by Mainfreight Limited in an all-cash transaction valued at approximately $53.7 million Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary. And that's our newsmakers, Stay tuned right here to QualityStocks Daily Newsletter for the latest news from small cap to large cap, and everything in between by QualityStocks.net, where performance is tracked daily. Thank you for tuning in, I'm Vanessa Ramirez, Have a great day and we'll see you tomorrow, right here on The QualityStocks Daily Report.
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Category: Author: QualityStocks
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