(Source: MARKETWIRE)
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Low borrowing costs and government tax credits for first-time buyers
have helped lift home sales for much of this year, helping to slow
the decline in prices. Growing stability in real-estate values and
rising stock prices may be helping set the stage for a recovery in
the consumer spending which accounts for two thirds of the economy.
Fed policy makers last week said they would keep the benchmark
lending rate near zero "for an extended period," while noting that
the economy and housing had strengthened. Gains in share prices,
along with a slower pace of job losses and a more stable housing
market, have all helped boost consumer confidence. The economy lost
216,000 jobs in August, the least in a year, the Labor Department
reported on September 4.
Citigroup Inc, Bank of America, Ford Motor Company and AIG. in
addition to the many small-cap stocks remain on our watch list. The
financial sector is showing strength again today after have a strong
trading session on Monday. Citigroup closing up 4.3% to $4.57
yesterday while Bank of America closed at $17.22 up 3.7%. Ford Motor
climbed nicely up 2.7% to $7.49 but is trading lower at the open of
trading Tuesday. Both Wells Fargo and AIG followed others in the
financial sector and also closed higher on Monday. The climbs in
these share prices are in contrast to possible added regulation on
executive pay. The G-20 leaders, including U.S. President Barack
Obama, U.K. Prime Minister Gordon Brown and Japanese Prime Minister
Yukio Hatoyama, at last week's summit agreed on a plan to better
align economic policies and build banks' capital buffers. They also
vowed to keep stimulus measures in place until growth takes root and
to narrow disparities in trade and savings.
This past weekend, ProStockMonitor alerted our subscribers to
micro-cap company iBrands Corp (OTC: IBRC). The stock climbed 300%
yesterday before the company issued strong news after the market
closed. Today, this stock is up again climbing over $.05. We feel
that the micro-cap market has been trading very well and has
delivered many impressive performances so we are keeping our eyes on
what we think will be some very exciting opportunities.
ProStockMonitor Investment Report conducts comprehensive research, in
depth due diligence and technical analysis to provide our subscribers
with active stocks that are typically overlooked by the typical Wall
Street brokers. Our FREE reports at http://www.ProStockMonitor.com
include breaking news, volume alerts, recent 52-week highs/lows,
technical breakouts, and other market driving information.
ProStockMonitor provides our subscribers with research on potential
huge movers in the micro-cap sector. ProStockMonitor delivers this
information before the rest of the market has noticed these stocks.
ProStockMonitor looks forward to releasing our next small-cap stock
picks in the next few days. Investors interested in these market
picks should become one of subscribers by visiting:
http://www.ProStockMonitor.com. In the investment world timing is
critical, and ProStockMonitor alerts our investment network to those
promising small cap companies. ProStockMonitor provides its
subscribers with comprehensive public information and due diligence
for small companies with large upside potential. ProStockMonitor
delivers this information about overlooked stocks before the rest of
the market has noticed these stocks.
ProStockMonitor.com Disclosure
ProStockMonitor is not a registered investment advisor and nothing
contained in any materials should be construed as a recommendation to
buy or sell any securities. ProStockMonitor is a wholly owned entity
of a financial public relations firm. Please read our report and
visit our website, ProStockMonitor, for complete risks and
disclosures while conducting your own due diligence.
Contacts:
ProStockMonitor.com
William Delumas
(702) 448-3854
SOURCE: ProStockMonitor.com
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