Uploaded by QualityStocks on Aug 29, 2007
Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily.
I'm Cathy Rankin and for Wednesday January 3rd.... 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... Clearly the biggest news of the day Tuesday was the closure of the NYSE as well as the closure of The Nasdaq, the commodity markets, and the Federal Reserve... in observance of President Ford's passing...
While the first trading week of the year may be a short one, it may help determine whether the stock market's record-breaking run will continue or melt down in 2007.
Hearty economic growth may not line investors' pockets, however, may lead the Federal Reserve to believe Americans can withstand an interest rate hike. Such a move by policy makers has the potential to stop the market's rally because of fears that higher rates will crimp consumer spending and deal a further blow to the housing market by making mortgages harder to pay off.
Recapping our small cap headlines... Here's the movers we're watching intently in 2007.
Nascent Wine Co. who's seeking to become one of the largest food distributorships in Mexico announced that it has signed a Letter of Intent to acquire a Mexico based food importing and distribution company making Nascent the first nationwide distributor of imported foods in Mexico .
Sub Surface Waste Management of Delaware, announced that its Mexico subsidiary company Environmental Tec International, has accepted an offer by the State of Puebla's Secretary of the
Environment and Natural Resources to open its headquarter office within the State's Department offices in the State capital of Ciudad Puebla.
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.
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