WESTON, FL -- (Marketwire) -- 02/12/10 -- Wall Street News Alert's "stocks to watch" this morning are: Gen2Media Corporation (OTCBB: GTWO), eBay, Inc. (NASDAQ: EBAY), Bank of America Corp. (NYSE: BAC) and Allegheny Energy, Inc. (NYSE: AYE).
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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eBay, Inc. (NASDAQ: EBAY) up 0.7% on 12.9 million shares traded. eBay Inc. connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments.
Bank of America Corp. (NYSE: BAC) down 0.2% on 141 million shares traded. Bank of America is one of the world's largest financial institutions.
Allegheny Energy, Inc. (NYSE: AYE) up 12% on 28.1 million shares traded. Allegheny Energy is an investor-owned electric utility with total annual revenues of over $3 billion and more than 4,000 employees.
Oil is up for the fourth straight day as benchmark crude for March delivery added 76 cents to settle at $75.28 a barrel on the New York Mercantile Exchange. Oil prices have been on the rise since Monday.
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