Welcome to The Daily Stock Report.brought to you by
QualityStocks.Net, performance tracked daily.
I'm Cathy Rankin and for Wednesday March 21st.. 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.
Evidently buyers were still hungry to own stocks Tuesday as
investors built on a broad-based rally a day earlier predicated in part on
hopes that tomorrow's Fed statement will reflect a more accommodative policy
stance
After plunging 14% to a 10-year low in January, housing starts
rebounded in February with a 9% rise to a 1.525 mln annual rate. Building
permits, a sign of future construction, fell for the 12th time in 13 months,
which investors felt will help with the housing inventory glut .
It is worth noting, though, that while the volatile data
overall eased the worst of fears about a housing market crash, no clear sign
of a bottom didn't exactly provide overwhelming conviction that the Fed's
impending statement will reflect the more balanced policy stance investors
began pricing into the market yesterday.
As evidenced by the S&P 500 turning in a better performance
than the Dow and Nasdaq, it's not surprising to see just how big of an
impact more bargain-hunting interest throughout the beaten-down Financials
sector had on the day's action. Another round of more M&A activity helped
the brokerage group build on yesterday's 1.6% advance
Of the other nine sectors trading higher, Utilities actually
turned in the best performance as its defensive characteristics became
attractive as a hedge against tomorrow's Fed directive possibly piquing
concerns about the pace of economic growth.
And now for our Small Cap News. brought to you by VIASPACE,
Inc. VSPC
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litystocks.net/quotedetail.php&action=showDetailedQuote&symbol=vspc>
VIASPACE, Inc. VSPC
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litystocks.net/quotedetail.php&action=showDetailedQuote&symbol=vspc>
develops space and defense technologies from NASA and the department of
defense into hardware and software products in the United States
Ener1, Inc. announced this month that its EnerDel subsidiary
will be making a technical presentation on lithium ion battery development
at the Advanced Automotive Battery Conference Ener1, Inc. in Long Beach,
California May 15 - 18 this year.
The company also announced this month that it delivered
lithium ion battery cells for the next phase of testing by an independent
laboratory. The company stated that it "expects that the performance of
these cells will further improve on the results that were recently announced
in February
Ener1, Inc. ENEI.ob closed today at $0.23 a share
EMRISE CORPORATION through its subsidiary, Pascall
Electronics Ltd., announced this month that they have received orders worth
in excess of $1.9 million for its range of multimedia
In-Flight-Entertainment and Communications products
EMRISE Corporation is a multi-national manufacturer of
defense, aerospace and industrial electronic devices and communications
equipment. They offer a range of electronic components, such as digital and
rotary switches, custom and standard electronic power supplies, RF
components, and subsystem assemblies
EMRISE CORPORATION (ERI) previously at $1.10 ERI closes up
4% at $1.15
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 Quality Stocks. 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.
