Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily.
I'm Cathy Rankin and for Thursday April 26th we're bringing you the latest news from around the markets as well as the top movers to look out for today...
(HEADLINE NEWS)
In Headline News Today...
It looks like cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry than rejoice about Wall Street's latest accomplishment.
Stronger-than-expected profits from several large companies helped push the stock market to historical heights. But many big corporations, including the Dow components, made a chunk of that money overseas, where economies are growing faster than in the United States.
And many of the same worries that weighed on investors earlier in the year remain: rising energy costs, a slumping housing market and a possible credit crunch.
Still, the stock market's best-known indicator swept past its latest milestone shortly after trading began Wednesday, and even made it past 13,100, rising as high as 13,107.45.
The Dow, which has risen in 18 of the past 20 sessions and gained more than 780 points in that time, closed at 13,089.89, up 135.95, or 1.05 percent. It was the Dow's 35th record close since the start of October.
The broader market shared in the rally. The Standard & Poor's 500 index rose 15.01, or 1.01 percent, to 1,495.42, after reaching 1,496.59, a six-and-a-half-year high.
The technology-dominated Nasdaq composite index advanced 23.35, or 0.92 percent, to 2,547.89, after hitting a six-year high of 2,551.39.
And the Russell 2000 index, which reflects the performance of smaller companies, inched past a record close set earlier this month, rising 5.71, or 0.69 percent, to 832.07.
And now for our Small Cap News... brought to you by Nascent Food Service, Inc.
Nascent Food Service, Inc. (NCTW)
Nascent is one of Baja Mexico's largest food distributors, marketing and distributing over 1,400 national and proprietary brand food and non-food products to over 1,000 customers.
Leisure Direct, Inc. announced today that the company plans to open a retail store in a prime location in Cincinnati, Ohio. Leisure Directs business plan includes acquiring or opening 50 to 60 locations over the next three to five years, and is working to establish a dealer network Leisure Direct, Inc.
The company further announced in February that the Phoenix Associates Land Syndicate purchased an 11.9% interest in Leisure Direct
Leisure Direct, Inc. operates as a manufacturer and direct marketer of pool, spa/hot tub, and patio products in the United States. The company plans to acquiring existing manufacturers of backyard entertainment products and building a direct marketing distribution network.
CryoPort, Inc. shares have had a strong week, after some nice gains last week. CryoPort, Inc. shares got another boost after news the company has successfully completed pilot shipments of the CryoPort Express® to such destinations as Thailand and India.
Mr. Peter Berry, commented on the importance of the shipments by stating "These successful pilot shipments are particularly significant as they confirm the application of our one-way technology in shipping to locations that have historically provided significant challenges for cold chain shipments within global clinical trials."
Previously at $2.40 cents a share CryoPort (CYRX.PK) opens today up 37% to $3.30 a share
And that's our newsmakers, Stay tuned right here to Quality Stocks Daily for the latest news from small cap to large cap, and everything in by QualityStocks.Net, where performance is tracked daily.
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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QualityStocks Daily Video 03/27/2007by QualityStocks2,643 views
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