News / Business
The Smallcap Newsletter QualityStocks Report 5/14/07
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A day after only four out of 147 S&P industry groups attracted buyers, stocks bounced back in impressive fashion Friday as virtually every industry group caught a bid.
A sense that Thursday's sizable sell-off was overdone provided the initial source of market support. The Dow, S&P 500, and Nasdaq were down 1.4% on average yesterday but recouped much of those losses today
With the market's focus shifting away from earnings and back to economic data, today's batch of reports fueling hope that a rate cut might come sooner rather than later also helped the bulls dust themselves off after getting knocked down a day earlier.
Before the bell, the Labor Dept. showed that producer prices eased in April. The closely-watched core rate was unchanged again, pushing the year/year rate to 1.5% and providing evidence that inflation appears to be trending lower. That news was especially good given the Fed's recent reiteration that inflation remains its "predominant" concern.
At first glance, an unexpected decline of 0.2% in April retail sales and a flat read on sales, ex-autos, echoed concerns about the health of the consumer. However, when combined with the tame inflation read, weak retail sales underscoring further signs of a "moderating" economy (also welcome news for the Fed) left investors buying into the idea that policy makers may have more breathing room to ease rather than tighten.
Bond traders, in contrast, did not subscribe to that notion, as evidenced by selling across the yield curve. Nonetheless, the underlying bullish momentum behind the seven-week rally in equities was too much for sellers to have their voice heard in back-to-back sessions.
All 10 economic sectors finished higher, paced by an Energy sector that erased all of yesterday's 2.0% drubbing without a significant help from oil prices. The more heavily-weighted Technology sector also making Thursday's thumping a memory painted an even more convincing recovery effort on the part of buyers.
And now for our Small Cap News brought to you by VIASPACE, Inc
VIASPACE, Inc. VSPC develops space and defense technologies from NASA and the department of defense into hardware and software products in the
Mizati Luxury Alloy Wheels, Inc. has been generating news as well as exposure, the company has been showing off its specialty alloy wheels at trade shows and special automotive events. The company will be featured in the May Issue of RIDES Magazine in a full-page color display.
The company also announced this month that it has secured a $1 million line of credit from
Mizati Luxury Alloy Wheels, Inc. designs, markets and distributes high-quality custom alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Mizati has achieved an average annual revenue growth rate of 102% for the past three years.
Modavox, Inc. announced this week that Modavox's Chief Technical Officer, Nathan Bradley will be interviewed by Dana Cooper, host of Inside AZ Business. The show will air on Sunday, May 13, 2007 at 9:00 AM/PDT. The discussion will include the company's latest developments both on the local
The company also announced the launch of its the new website for the recently acquired World Talk Radio operation in
Modavox, Inc. a pioneer in Internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising
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