QualityStocks Daily Video 03/22/2007

Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily.

I'm Cathy Rankin and for Thursday March 22nd... 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...

Stocks rallied across the board Wednesday as investors embraced further evidence that the Fed continues to do a remarkably good job of engineering the so-called soft landing that has been priced into stocks since last July. The S&P 500 and Nasdaq soared 1.7 % and 2.0%, respectively, climbing back into positive territory for the year.

Then, at 2:15 ET, the bulls got what they were hoping for -- some softening in the Fed's long-standing tightening bias. Even though the Fed's predominant concern remains the "risk that inflation will fail to moderate as expected," which we believe does not amount to signs of a rate cut anytime soon, the surprise removal of "additional firming" in the directive was enough of a change to trigger a relief rally that vaulted every sector.

Acknowledgement by the Fed of ongoing "adjustments" in the housing sector also sent the shorts running for cover, especially among beaten-down Homebuilders -- one of today's best performers (+3.5%). In fact, 144 of the 147 S&P industry groups posted gains.

Not surprisingly, growing evidence of a more neutral stance lit a fire under an influential Financials sector that was already embracing record results from Morgan Stanley (MS 80.77 +4.66). The investment bank handily topped Wall Street expectations with a 70% surge in quarterly earnings.

Management also saying its mortgage business was a "significant contributor" to its record Q1 results also helped silence overblown concerns about the subprime mortgage misfortunes potentially spilling over into the broader economy.

And now for our Small Cap News... brought to you by B2Digital, Inc. (BTOD.OB)
B2Digital, Inc. (BTOD) provides in-room, on-demand video entertainment, and satellite services to the domestic lodging industry. It provides pay-per-view services.

Lucas Energy, Inc. announced this month that it has completed its ninth acquisition in the last seven months with the lease of 498 acres of land in Gonzales County, Texas. The company plans to revitalize the three current active wells to boost production immediately.

The company also believes that there are significant proved undeveloped reserves in the upper cretaceous zones on this property. Lucas Energy is independent oil and gas company focused on identifying underperforming oil and gas assets, which can be revitalized through the application of modern well technology. The company currently operates eight separate oil and gas leases.

Previously at $2.50 a share Lucas Energy, Inc. (LUCE.OB) opens today up 2% at $2.56 a share.
Genoil Inc. announced they are optimistic about the viability of the planned installation of a 20,000 BPD up-grader on HZ's refinery site in China utilizing Genoil's proprietary technologies.

Genoil is a technology development and engineering company providing environmentally sound solutions to the oil and gas industry through the use of proprietary technologies. The company also announced the completion of testing on its improved Crystal Bilge Water Separator named the "Crystal Sea".
Genoil Inc. (GNOLF.OB) opens today at $0.58 cents a share.

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 tomorrow, right here on the daily report.

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