Stocks are higher on upbeat durable good report
Stocks rose Wednesday after an upbeat durable goods report gave investors a reason to keep buying after a late rally a day earlier.
The Dow Jones industrial average rose about 102 points in morning trading after recovering from a loss of nearly 300 points Tuesday to end down by 22. The comeback was stoked by comments from congressional leaders saying they would not push for banks to spin off lucrative trading desks as part of financial regulation reform.
The paring of losses Tuesday gave traders a break from worries about European debt and allowed them to focus on economic news.
The durable goods report gave investors further evidence the U.S. economy is improving. The Commerce Department said orders for big-ticket manufactured goods rose 2.9 percent last month, more than double the 1.3 percent gain forecast by economists polled by Thomson Reuters. It was the biggest jump in orders in three months.
The U.S. manufacturing industry has shown consistent growth during the country’s recovery. April’s figures were boosted by a big rise in transportation orders. Excluding transportation, orders dipped 1 percent.
Although signs still point to recovery in the U.S., many concerns about Europe remain. The euro, which is used by 16 European countries, fell again Wednesday. The currency has become a proxy for investor confidence in Europe’s ability to contain its debt problems the health of the continent’s economy. The euro remains close to the four-year low it hit last week. It was down to $1.2279 Wednesday.
Yesterday’s Top Performing Small Cap Stock:
Vidaroo Corporation VIDA
Vidaroo Corporation was a SmallCapVoice.com top performer yesterday closing up over 5% on trading volume of 287,707 shares.
Vidaroo Corporation is a video technology company that provides the best-in-breed Online Videp Platform, video production and advertising on its Online Video Network that reaches over 10 million visitors monthly. Vidaroo has earned the trust of a growing customer base including advertising agencies, iconic artists, media companies, organizations, businesses, and national brands such as Microsoft, Coca-Cola Company, Tribune News Company, Toyota, Emmis Communications, Clear Channel, Black Eyed Peas, Mary J. Blige, Britney Spears, Justin Timberlake and more. Vidaroo’s Online Video Publishing Technology enables firms to easily create, deliver and monetize video and advertising.
Today’s SmallCapVoice.com Hot Stock to Watch:
Sillenger Exploration Corp. SLGX
Sillenger Exploration Corp. Unveils Its Proprietary CLP Claims Licensing Program(R)
VANCOUVER, BC — (Marketwire) — 05/26/10 — Sillenger Exploration Corp. (“Sillenger”) SLGX SLGX is pleased to unveil its proprietary CLP Claims Licensing Program(R) (“CLP”). The CLP is designed to assist governments of emerging countries to attract foreign capital investment to establish the foundations for sustained economic growth through the development of their natural resource sectors.
The CLP is a turnkey process Sillenger uses with its Government partners that provides a “fast-track” to expediting all necessary permits, licenses, legal, and other bureaucratic documentation and procedures that exploration and extraction companies would require in order to begin their work programs in these countries.
Other Small Cap News
Angiotech Pharmaceuticals, Inc. ANPI
Angiotech’s licensee, Cook Medical, announces single-arm study reveals 86.2 percent SFA vessel patency for Zilver(R) PTX(TM)
VANCOUVER, May 25 /PRNewswire-FirstCall/ – Angiotech Pharmaceuticals, Inc. ANPIANP today announced Cook Medical, a license holder of Angiotech’s paclitaxel technology, presented one-year data at Euro PCR that confirms sustained clinical outcomes with Cook Medical’s drug-eluting peripheral stent, Zilver(R) PTX(TM). According to data presented today by Prof. Dierk Scheinert, medical director at Park Hospital Leipzig, 86.2% of all patient subgroups treated with Zilver PTX Drug-Eluting Peripheral Stent demonstrated vessel patency at 12 months(1) without the requirement for an additional intervention.
Immunomedics, Inc. IMMU
Immunomedics Receives Second Milestone Payment From Nycomed
MORRIS PLAINS, N.J., May 25, 2010 (GLOBE NEWSWIRE) — Immunomedics, Inc. IMMU, a biopharmaceutical company focused on developing monoclonal antibodies to treat cancer and other serious diseases, today announced the receipt of $5 million from Nycomed for reaching a clinical milestone under the license and collaboration agreement, entered into on July 11, 2008. Nycomed has the worldwide rights to develop, manufacture and commercialize veltuzumab, in the subcutaneous formulation, for the treatment of all non-cancer indications.
Nymox Pharmaceutical Corporation NYMX
Nymox Announces 3 Year Follow-Up Results From NX02-0016 U.S. Study of NX-1207 for BPH
Statistical Significance for Efficacy Reached 3 Years Post Single Treatment, Indicates Durable Clinical Response to New Therapy for Enlarged Prostate
HASBROUCK HEIGHTS, N.J., May 25, 2010 (GLOBE NEWSWIRE) — Nymox Pharmaceutical Corporation NYMX is pleased to report positive new results from the 30-36 month follow-up study of patients treated with NX-1207 in Study NX02-0016. The initial study, completed in the U.S. in 2007, reached statistical significance in Intent-to-Treat Primary Efficacy outcomes at 90 days and 6 months post-treatment with NX-1207 2.5 mg. The new study assessed American Urological Association BPH Symptom Index scores in blinded subjects without additional NX-1207 treatment after 30-36 months. There were no significant drug safety problems reported by any subjects in the study initially as well as in the 3 year follow-up.
Level 3 Communications, Inc. LVLT
Level 3 to Deliver Voice, Fax Services to EtherSpeak
Level 3 Network to Allow EtherSpeak to Expand Coverage Area
WASHINGTON–(BUSINESS WIRE)–Level 3 Communications, Inc. LVLT today announced that it has been selected to provide wholesale voice, toll-free and VoIP enhanced local services (ELS) for EtherSpeak Communications, an open standard based IP communications solutions provider.
Salary.com, Inc. SLRY
Salary.com Announces Fourth Quarter and Fiscal 2010 Financial Results
NEEDHAM, MA–(Marketwire – 05/25/10) – Salary.com, Inc. SLRY, a leading provider of on-demand talent management, payroll and compensation solutions, today announced financial results for its fourth quarter and fiscal year, which ended March 31, 2010.
SoundBite Communications, Inc. SDBT
SoundBite Communications to Present at the Cowen and Company 38th Annual Technology Media & Telecom Conference
BEDFORD, Mass., May 25, 2010 (GLOBE NEWSWIRE) — SoundBite Communications, Inc. SDBT today announced that President and CEO, Jim Milton, and COO & CFO, Bob Leahy will present at the Cowen and Company 38th Annual Technology Media & Telecom Conference being held June 2-3, 2010 at The New York Palace Hotel. A live webcast, as well as the replay, will be available at http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=SDBT&item_id=3094248 or via our website at http://ir.soundbite.com/events.cfm
Zion Oil & Gas, Inc. ZN
Zion Oil & Gas Signs Agreement for Field Seismic Acquisition and Agreement Enabling Drilling of the Ma’anit-Joseph #3 Well
DALLAS and CAESAREA, Israel, May 25, 2010 (GLOBE NEWSWIRE) — Zion Oil & Gas, Inc. ZN announced today that it recently signed an agreement with Kibbutz Ma’anit, the leaseholder of the land containing Zion’s planned next well, the Ma’anit-Joseph #3 well. Under the terms of the agreement, Kibbutz Ma’anit grants Zion access to Kibbutz land and permission to drill the Ma’anit-Joseph #3 well.
Albany Molecular Research Inc. AMRI
AMRI Repositions for Growth, Expansion in Emerging Markets
Expansion of infrastructure in Asia and Europe
ALBANY, N.Y.–(BUSINESS WIRE)–AMRI AMRI today announced that it is repositioning itself to meet a continued shift in demand from customers for services in Asia and Europe. Overall for 2009 and 2010, the company anticipates investing in excess of $30 million on international facility and capability expansions and estimates its non-US workforce will increase by approximately 180 positions in order to meet known and anticipated customer demand.
Rodman & Renshaw Capital Group, Inc. RODM
Rodman & Renshaw Announces Stock Repurchase Program
Board of Directors Approves Repurchase of up to $5 Million of Common Shares
NEW YORK–(BUSINESS WIRE)–Rodman & Renshaw Capital Group, Inc. RODM today announced that its Board of Directors has approved a stock repurchase plan in which the Company may buy back up to $5 million of its shares.
UTStarcom Inc. UTSI
UTStarcom sells 2 business units
UTStarcom sells 2 business units as part of years-long restructuring
SAN FRANCISCO (AP) — UTStarcom Inc. said Tuesday it is selling two business units as part of the company’s years-long restructuring.
The units being sold handle Internet Protocol (IP) messaging and technologies that help cellular networks connect to other networks that use Internet communication techniques.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
Related posts
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
