Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily.
I'm Cathy Rankin and for Monday March 5th .... 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...
The major averages closed sharply lower Friday amid growing fears of a liquidity crunch and worries that sub-prime mortgage misfortunes will spread into the broader economy. Even though Fed Chairman Bernanke briefly put both concerns to rest in a Q&A session on Wednesday, his words appear to have since fallen on deaf ears.
As evidenced by another plunge in the futures market Friday morning, another rally in the Japanese yen shed some more light on the high degree of speculation that has been fed by unprecedented levels of liquidity. The correlation again raised concerns that hedge funds benefiting from the so-called carry trade may all start to unwind positions at the same time, which could have a ripple effect around the globe.
Meanwhile, U.S. regulators today demanded tougher standards for sub-prime adjustable-rate mortgages; but the news merely minimized losses in Countrywide Financial which yesterday reported in an SEC filing that delinquencies surged 19% last year.
On a positive note, St. Louis Fed President Poole made some early remarks. He dismissed fears of a recession, said he sees nothing in carry trades that is disruptive at this stage and that stock market valuation "does not seem to be elevated" at this time appear.
Be that as it may, the market's "sell first, think later" mentality led to even more asset reallocation and continued to overshadow the fact that market fundamentals have not changed and that valuations on stocks are actually still attractive.
In our Small Cap Headlines today, some of the movers and shakers we'll be watching this week.
HS3 Technologies, Inc. announced their introduction of a series of new products at the 2007 International Security Conference & Exposition at the Sands Expo March 28 through 30th.
HS3 Technologies, Inc. a national provider of innovative security solutions, headquartered in Denver, Colorado. HS3 provides technologies and services through a national authorized dealer and distribution program.
Royal Quantum Group, Inc. announced they have reached an agreement, subject to completion of final due diligence, for the acquisition of several high potential Uranium projects located in the United States.
The company will now focus its efforts on the acquisition and development of additional mineral resource properties throughout North America as well as internationally.
LocatePLUS Holdings Corp. announced they were recently awarded its first national contract with the Federal Government. The contract is designed to help the Federal Government strengthen homeland security.
The Company will supply select agencies with access to its proprietary database, which contains information on over 98% of US adult population. The contract is expected to generate $1.5 million in revenue for 2007.
Stay tuned right here to Quality Stocks Daily for your current updates to this hectic trading day... And 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.
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.
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10:07Como uma Onda - Cap 129 / Part 5 (FIM)by marivideos8912,470 views
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