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QualityStocks Daily Video 01/22/2007
Duration: 3:51Source: YouTube
Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Monday, January 22nd.... 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... U.S. stock investors will be taking their cues this week from a barrage of earnings reports as well as from economic data on housing activity and sales of big-ticket items. For the past week, stocks turned in a mixed performance: The blue-chip Dow Jones industrial average edged up 0.08 percent, while the broad Standard & Poor's 500 Index dipped 0.02 percent and Nasdaq Composite Index dropped 2.06 percent. For the month of January so far, all three indexes are higher, with the Dow up 0.82 percent, the S&P 500 up 0.86 percent and the Nasdaq up 1.49 percent. In our small cap headlines today, some of the movers and shakers we'll be watching closely... Highway Holdings Limited announced last Tuesday that it has received two original equipment manufacturer orders from U.S. customers. No terms on the orders were disclosed. Under the contracts, Highway Holdings would produce radio units for Coleman, and tools used to make Fluidmaster flushing system components. Last year, the company posted annual revenue of $25.8 million Highway Holdings Limited (HIHO) opens their week at $5.65 a share. PASW, Inc. announced yesterday that it has entered into a non-binding term sheet with VirnetX, Inc., a development stage company engaged in software development for secure real time communications. The parties have agreed that an exclusive negotiating period between them will end on February 28, 2007. (PASW) anticipates that current shareholders will then own approximately 5% of the outstanding capital stock of the company and the shareholders of VirnetX, as well as those providing the additional equity funding, will own the balance. No assurance can be given that any definitive agreements will be concluded. PASW, Inc. (PASW.OB) previously at $0.30 a share opens their week up 133% or $0.70 a share close to three quarters of a million shares traded by Fridays close. Packaged Home Solutions, Inc. announced yesterday that it has agreed to terms to purchase a 29-year-old residential home service's company headquartered in Jacksonville, Florida. The acquisition will be completed later this week. PHS also announced yesterday that it will be acquiring J & Y Wheeler, Inc., a regional company with market presence in Southern Georgia and Northeast Florida. This acquisition further develops the Company's strategy of combining fixed expenses and resources with proven home improvement companies in certain geographical areas. Packaged Home Solutions, Inc. (PKGH.PK) opens today up 61% or $0.55 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 next week...right here on the daily report.
Rating: (5 ratings) Views: 27 Added: Sep 24, 2007
Category: Author: QualityStocks
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