QualityStocks Daily Video 6/7/2007

Welcome to The Daily Stock Report...brought to you by Quality Stocks.Net, performance tracked daily.
I'm Cathy Rankin and for Monday June 7th 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...
After being down as much as 125 points on the Dow, and all three major averages off 0.9% at their lows, the bulls made a late-day effort Tuesday to pare market losses. However, that effort was a losing one as the bears held the upper hand in today's trading.
The main excuse to take some money off the table today was predicated largely on bond yields hitting their highest levels since last summer.
In the midst of another slow news day, all eyes this morning were on Fed Chairman Bernanke; investors were hoping he might drop some hints of a possible rate cut. To the dismay of both stock and bond investors, his prepared remarks about housing and the economy offered nothing new frankly compared to recently released minutes from the May 9 FOMC meeting.
Throw in the strongest reading on the ISM Services Index since April 2006 and bond traders became increasingly convinced that the Fed is far from easing anytime soon. Fed funds futures now price in less than a 10% chance of a rate cut by November.
Goldman Sachs, which had been expecting the Fed to cut the overnight lending rate 75 basis points to 4.50% this year, altered its view today and now doesn't see any rate cuts at all in 2007.
The absence of any upside sector leadership also posed a problem for the bulls to extend the S&P 500's winning streak to seven and close the broader market at another new all-time high.
Of the 10 sectors closing lower, Utilities paced the way as rising bond yields made the sector's income-oriented appeal less attractive. The rate-sensitive Financials sector also suffered as the yield on the 10-year note closed at a nine-month high of 4.97%. The yield on the 5-year note hit 5.00% for the first time since August.
And now for our Small Cap News... brought to you by Hemis Corporation, (HMSO.OB)
Together with its subsidiaries, engages in the exploration and development of mineral properties in Mexico. It primarily explores for gold. The company holds interests in three mineral properties.
POW! Entertainment, Inc. shares surged on announcement That Walt Disney Studios has entered into an exclusive multi-year first look deal with POW! Entertainment, Inc. The deal calls for Stan Lee and his production company to develop and produce all forms of entertainment
POW! Entertainment, Inc. is the brainchild of world famous comic book and motion picture icon Stan Lee, creator of the worlds most famous superheroes including Spider-Man*, The Incredible Hulk*, X-Men*, The Fantastic Four*, and the Silver Surfer* (* These are Trademarks of Marvel Character Inc.) POW! specializes in franchises for the entertainment industry
GeoScopix, Inc. announced today that they have contacted Tetracam, Inc. to begin the process of further developing, manufacturing and engineering the Gator
The Gator, a digital geographic data manager, has potential use as an accident investigation tool by Law enforcement departments and insurance companies. The Gator has shown potential to accurately map out accident or crime scenes efficiently, offering users the advantage of effectively "going back to the scene" later. The Gator produces detailed, accurate photographs that simulate the actual scene, including weather conditions, along with road conditions, lighting and moveable objects.
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 next week, right here on the daily report.

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