[postlink]http://videotube4.blogspot.com/2011/02/qualitystocks-daily-video-4242007.html[/postlink]
http://www.youtube.com/watch?v=TxpVhIL5zJwendofvid
[starttext]
Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily.
I'm Cathy Rankin and for Tuesday April 24th 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...
Stocks closed modestly lower Monday as a market ripe for a pullback lacked the overwhelming evidence necessary to extend recent market gains.
With the Dow closing at record highs over the previous three sessions and garnering its entire 4% year-to-date advance over the last three weeks, it wasn't surprising to see investors take some money off the table.
The Dow came within 16 points of hitting the 13,000 milestone earlier in the day, getting a lift from analyst upgrades on IBM and Caterpillar, two of the price-weighted index's most expensive names.
However, valuation concerns prompting analyst downgrades on ExxonMobil and Pfizer coupled with an afternoon sell-off in fellow Dow component General Motors pushed the Dow into the red for good
As if valuations weren't already posing a concern, oil prices surging 2.6% and flirting with $66/bbl acted as an additional headwind for the bulls. Crude for June delivery closed $65.77/bbl amid potential supply disruptions from Nigeria following its presidential elections over the weekend
Other news getting overshadowed Monday was another wave of M&A. Barclays PLC finally unveiled a proposal to acquire ABN Amro NV for $91 bln while AstraZeneca PLC said it will buy MedImmune for $15.6 bln.
While both deals offered some reassurance that companies remain confident about the business climate, the fact that Friday's rally was fueled in part by anticipation Monday would bring another round of supportive M&A activity, and that both deals had been rumored for weeks, resulted in a muted response from investor
The absence of leadership from Financials and Technology, which only trailed Telecom as today's worst performing sectors, were among the biggest reasons behind the market taking a breather. Better than expected earnings from both sectors last week were among the catalysts for the markets out performance.
Utilities was the only sector that finished in positive territory; but a 0.7% advance on one of the S&P 500's least influential sectors, and an area defensive in nature no less, merely underscored the hesitation on the part of buyers Monday.
-SMALL CAP
And now for our Small Cap News... brought to you by My Automated Advisor
As a pioneer in the automated advisory services industry, My Automated Advisor has launched a groundbreaking advisory platform, finally giving clients the "Best of Both Worlds" - integrated access to trade alerts with properly licensed Investment Advisor Representatives
Mizati Luxury Alloy Wheels, Inc. announced last month that it was assigned the stock symbol (MZTI.PK) and would begin trading on the Over-the-Counter Pink Sheets.
The Company further announced its strategic plan to enter into the $6.7 billion Rent-To-Own Vehicle Wheel industry with corporate owned RTO stores. The RTO model will allow us the company to serve a larger market base by providing the option to pay wheels.
Mizati Luxury (MZTI.PK) previously at $1.25 a share opens today up 4% at $1.30 a share
Renegade Energy Corp. announced this morning that has confirmed a total valuation for proven oil and gas reserves of between $5 and $8 million for the Company's Lost Indian Field. The company also announced this month estimated reserves for the Southwest Cushing Field to be in the $35 to $40 million range.
The company is focusing an initial strategy of reworking 2 existing, producing oil wells on the Lost Indian acreage for the purpose of significantly escalating production over the next few months.
Previously at $0.45 a share Renegade (RGDE.PK) opens up 28% today at $0.58 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.
Please see Disclaimer on site: http://Disclaimer.QualityStocks.net
[endtext]
http://www.youtube.com/watch?v=TxpVhIL5zJwendofvid
[starttext]
Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily.
I'm Cathy Rankin and for Tuesday April 24th 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...
Stocks closed modestly lower Monday as a market ripe for a pullback lacked the overwhelming evidence necessary to extend recent market gains.
With the Dow closing at record highs over the previous three sessions and garnering its entire 4% year-to-date advance over the last three weeks, it wasn't surprising to see investors take some money off the table.
The Dow came within 16 points of hitting the 13,000 milestone earlier in the day, getting a lift from analyst upgrades on IBM and Caterpillar, two of the price-weighted index's most expensive names.
However, valuation concerns prompting analyst downgrades on ExxonMobil and Pfizer coupled with an afternoon sell-off in fellow Dow component General Motors pushed the Dow into the red for good
As if valuations weren't already posing a concern, oil prices surging 2.6% and flirting with $66/bbl acted as an additional headwind for the bulls. Crude for June delivery closed $65.77/bbl amid potential supply disruptions from Nigeria following its presidential elections over the weekend
Other news getting overshadowed Monday was another wave of M&A. Barclays PLC finally unveiled a proposal to acquire ABN Amro NV for $91 bln while AstraZeneca PLC said it will buy MedImmune for $15.6 bln.
While both deals offered some reassurance that companies remain confident about the business climate, the fact that Friday's rally was fueled in part by anticipation Monday would bring another round of supportive M&A activity, and that both deals had been rumored for weeks, resulted in a muted response from investor
The absence of leadership from Financials and Technology, which only trailed Telecom as today's worst performing sectors, were among the biggest reasons behind the market taking a breather. Better than expected earnings from both sectors last week were among the catalysts for the markets out performance.
Utilities was the only sector that finished in positive territory; but a 0.7% advance on one of the S&P 500's least influential sectors, and an area defensive in nature no less, merely underscored the hesitation on the part of buyers Monday.
-SMALL CAP
And now for our Small Cap News... brought to you by My Automated Advisor
As a pioneer in the automated advisory services industry, My Automated Advisor has launched a groundbreaking advisory platform, finally giving clients the "Best of Both Worlds" - integrated access to trade alerts with properly licensed Investment Advisor Representatives
Mizati Luxury Alloy Wheels, Inc. announced last month that it was assigned the stock symbol (MZTI.PK) and would begin trading on the Over-the-Counter Pink Sheets.
The Company further announced its strategic plan to enter into the $6.7 billion Rent-To-Own Vehicle Wheel industry with corporate owned RTO stores. The RTO model will allow us the company to serve a larger market base by providing the option to pay wheels.
Mizati Luxury (MZTI.PK) previously at $1.25 a share opens today up 4% at $1.30 a share
Renegade Energy Corp. announced this morning that has confirmed a total valuation for proven oil and gas reserves of between $5 and $8 million for the Company's Lost Indian Field. The company also announced this month estimated reserves for the Southwest Cushing Field to be in the $35 to $40 million range.
The company is focusing an initial strategy of reworking 2 existing, producing oil wells on the Lost Indian acreage for the purpose of significantly escalating production over the next few months.
Previously at $0.45 a share Renegade (RGDE.PK) opens up 28% today at $0.58 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.
Please see Disclaimer on site: http://Disclaimer.QualityStocks.net
[endtext]
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