All about Leasing Equipment

Welcome to The Daily Stock Report…brought to you by Quality Stocks.Net, performance tracked daily.

I’m Cathy Rankin and for Friday, Monday February 10th…. we’re bringing you the latest news from around the markets as well as the top movers to look out for today…

In Headline News Today…

What was initially shaping up to be just another sluggish day of vacillating around the unchanged mark, like stocks had been doing throughout most of the week, actually became quite a disappointment for the bulls.

Then, just as the afternoon session got under way, sellers hungry to lock in profits found the news they deemed necessary to keep buyers sidelined into the close. Albeit not a tech bellwether, Micron Technology saying it sees memory chip prices plunging 30-40% this quarter sent a shockwave through a tech sector already vulnerable.

While Cisco Systems boosting its sales outlook two days ago offered some reassurance about tech’s growth prospects, especially following lowered guidance of late, Micron dangling another piece of uncertainty merely exacerbated the market’s underlying skepticism about the sector’s profit potential.

Since higher interest rates spark valuation concerns among growth stocks as well, Treasuries consolidating a week’s worth of gains took an added toll on a tech sector slated to be one of the biggest profit drivers this year. The 10-year note yield rose to 4.78% after several Fed officials further diminished hopes of a rate cut anytime soon.

As one might expect, the increase in borrowing costs also had an adverse impact on the rate-sensitive Financials sector. As a reminder, Financials are expected to provide about 8% of the anticipated 11% growth in aggregate Q4 earnings for the S&P 500. In the end, the two most influential sectors of all — Financials and Tech — turning in the worst performances of the day was too much for a diminishing group of buyers to overcome.

In Our Small Cap News today…

For the Quality Stocks Daily Show “One to Watch this Week” …
Vocalscape Networks, Inc. announced last week that they have released a Load Balancer for Voice over IP (VoIP) systems in response to customer demand.

The Vocalscape Load Balancer began as an open source project which was adopted and improved upon by Vocalscape. It was made compliant with Asterisk, a popular open source PBX, and the algorithm was revised to more evenly distribute calls.

Previously, the Load Balancer would send calls to a primary server and only when the primary server was overburdened would calls be sent to additional servers. The new algorithm balances the load by evenly distributing the calls between the servers. As an additional benefit, the Load Balancer provides failover capabilities.

Starting their trading week at 10 cents a share, Vocalscape will be one to watch this week.
Universal Express Inc. announced today that First Call has recommended Universal Express as a “Strong Buy”, and Target Price of $26.50 a share. The company also announced today that its CEO Richard A. Altomare provided in-depth information on a range of current topics during an interviewed by MoneyTV.

The interview included topics such as Universal’s stock price, Saudi funding, Naked Short Selling, Oil and Gas company acquisitions, outstanding shares, targeted acquisitions, and the upcoming Jackson Family Memorabilia auction.

Universal Express, Inc. is a 23 year old logistics and transportation conglomerate that provides logistical, transportation, packages and luggage delivery, and equipment leasing services to private postal industry and consumers worldwide.

MedSpas of America, Inc. announced yesterday that the company has identified approximately 250 medspas in the USA that fit its acquisition profile. The Company recently completed a reorganization and stock purchase of Virtuoso MedSpas, Inc., now a wholly-owned subsidiary of the Company. Virtuoso offers non-invasive cosmetic skin-care procedures in a spa setting and supervised by medical practitioners.

The Company will expand the Virtuoso brand throughout the USA to capitalize on, what industry experts are calling “the fastest growing segment of the medical industry.

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 Quality Stocks. 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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