WESTON, FL -- (Marketwire) -- 02/12/10 -- Wall Street News Alert's "stocks to watch" this morning are: Gen2Media Corporation (OTCBB: GTWO), Amazon.com, Inc. (NASDAQ: AMZN), Yahoo! Inc. (NASDAQ: YHOO) and Apple Inc. (NASDAQ: AAPL).
Yesterday, Gen2Media Corporation (OTCBB: GTWO) issued a press release announcing is preparing retailers to use online video to market on the web. "Since reports indicate that up to 24% of shoppers are making an online purchase as a result of watching an online video about a product, we are helping retailers position themselves to leverage online video. We are contracted with Mega-retailer Foot Locker to power Foot Locker's Online TV on Footlocker.com as an educational and entertainment tool. As with Foot Locker, we expect to showcase for our retail clients custom video programming and digital advertising especially created to appeal to the millions of shoppers that frequent retailers' sites each month," states Mary Spio, President, Gen2Media Corporation.
"According to recent news, an astounding 33.2 billion videos were viewed online in December alone with nearly 178 million viewers watching an average of 187 videos per viewer. We believe people are expecting videos when they visit online retailers. Considering this demand for videos, every retailer should have video properly integrated into their website. It appears that online video is proving to be the most effective way to drive sales," continues Spio.
The stock closed yesterday at Forty cents a share.
For an in-depth profile of Gen2Media, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=GTWO_021110.
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Amazon.com, Inc. (NASDAQ: AMZN) up 2.3% on 8.3 million shares traded. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.
Yahoo! Inc. (NASDAQ: YHOO) up 2.8% on 24.5 million shares traded. Yahoo! Inc. is a leading global consumer brand and one of the most trafficked Internet destinations worldwide.
Apple Inc. (NASDAQ: AAPL) up 1.8% on 19.6 million shares traded. Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.
The Labor Department said that first-time claims for unemployment insurance dropped by 43,000 to a seasonally adjusted 440,000. Wall Street economists expected a smaller decline of 15,000, according to a survey by Thomson Reuters. However, Economists estimate that between 90,000 and 150,000 jobs could be lost in February, as the snow kept people home from work and stalled hiring during the month.
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