Rodrigo Campos, Reuters
Wall Street flat as consumer shares offset optimism
NEW YORK (Reuters) – Stock indexes were little changed on Tuesday as optimism over the economic outlook was offset by a decline in consumer stocks.
Tuesday's small move follows a jump in stock indexes Monday as manufacturing data around the world prompted investors to inject new money into equities.
“You are continuing to see positive news as far as the economy goes, which has continued to fuel this rally as we enter the new year,” said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago.
“Most of the year-end prognostications for the market for 2011 were calling for a fairly strong year, so I think that may be getting the retail investor a little bit more interested,” he said.
Yesterday's Top Performing Small Cap Stock:
Madison Ave. Media, Inc. KHZM
Madison Ave. Media, Inc. was a SmallCapVoice.com top performer closing up over 5% on trading volume of 78,650 shares.
Madison Ave. Media is an advanced digital media company that offers a differentiated and competitive array of marketing technologies and services to clients in multiple industries. Their technology and services bring advanced, highly productive marketing, communications and advertising solutions to clients. And their services address the complete digital media value chain, combining the best practices of traditional media support with the power of technology.
Today's SmallCapVoice.com Hot Stock to Watch:
XZERES Wind Corp. XWND
XZERES Wind designs, manufactures, and distributes high quality distributed wind energy systems. Through innovative design focused on reliability, durability, and simplicity, XZERES Wind offers wind energy solutions with industry leading performance by maximizing energy production through efficiency.
In early 2010, XZERES WIND CORPORATION acquired the assets of Abundant Renewable Energy, LLC and the company is now designing, developing, manufacturing, selling, and supporting distributive generation wind turbine solutions. Our product portfolio includes 2.5 kW and 10 kW rated power systems, with additional larger systems in development. Each system is comprised of a wind turbine, power electronics, towers, and auxiliary components providing a complete solution. Our product attributes include high efficiency design with fewer moving parts providing reduced service & maintenance cost; easy installation with superior performance across a wide variety of conditions and capturing maximum benefits in low wind speed environments as well. Additionally, our reliable products have a proven track of record with numerous systems deployed in North America; 10 year manufacturer's warranty, and a durable wind turbine system exceeding 20 year life. We lead the market in lowest cost of ownership compared to similar products. Our products are available through a global network of dealers.
Other Small Cap News
Great Lakes Dredge & Dock Corporation GLDD
Great Lakes Acquires L.W. Matteson, Inc.
OAK BROOK, Ill.–(BUSINESS WIRE)– Great Lakes Dredge & Dock Corporation GLDD, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, today announced it has acquired the assets of L.W. Matteson, Inc. (“Matteson”), a maintenance dredging, environmental dredging and levee construction company located in Burlington, IA, for $45 million. The acquisition will be funded with $37.5 million in cash and a seller note of $7.5 million.
Orsus Xelent Technologies, Inc. (NYSE Amex: ORS)
Orsus Xelent Anticipates 2010 Sales of Approximately $25.1 Million and Small Fourth Quarter Profit
Shareholders Approve Authorization for a Reverse Split
EIJING–(Marketwire – 01/03/11) – Orsus Xelent Technologies, Inc. ORS, a China-based designer and manufacturer of award-winning mobile phones for the Asian market, announced today the Company anticipates sales for the year ended December 31, 2010 of approximately $25.1 million (unaudited), compared with $77.4 million in 2009. The Company said that preliminary unaudited results for the fourth quarter 2010 indicate sales in the period of $5.1 million, on which the Company achieved a small net profit of approximately $235,000. As a consequence, the Company anticipates trimming its net loss in 2010 to ($349,775) compared with a reported net loss in 2009 of approximately ($6.4 million). The Company expects to report audited results on March 31, 2011.
DryShips Inc. DRYS
DryShips Inc. Takes Delivery of Its First Newbuilding Drillship, the Ocean Rig Corcovado
ATHENS, GREECE–(Marketwire – 01/03/11) – DryShips Inc. DRYS (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that its 78% owned subsidiary Ocean Rig UDW Inc. successfully took delivery of its newbuilding drillship, the Ocean Rig Corcovado.
General Moly (NYSE Amex: GMO)
General Moly to Restart Liberty Project Evaluation and Development
LAKEWOOD, Colo.–(BUSINESS WIRE)– General Moly (NYSE AMEX: GMO) GMO announced that the Company will allocate $2.5 million in its 2011 budget to advance the Company's Liberty project, located in central Nevada.
PositiveID Corporation PSID
PositiveID Corporation and Siemens AG Enter Into Agreement to Expand PositiveID's Wireless Body Platform
Siemens' Intellectual Property to Broaden Applications to Improve Disease Management
DELRAY BEACH, Fla., Jan. 4, 2011 (GLOBE NEWSWIRE) — PositiveID Corporation (“PositiveID”) PSID, the leader in next generation patient monitoring, announced today that it has entered into an agreement with Siemens AG (“Siemens”) related to its Wireless Body(TM) platform. The license agreement allows PositiveID to expand its personalized medicine and smart healthcare applications for next generation patient monitoring and includes granting PositiveID rights to utilize key intellectual property, and, in particular, Siemens' Patent No. 7,650,888, titled “Method and System for Identification of a Medical Implant” using RFID (radio frequency identification).
UQM Technologies, Inc. (NYSE Amex: UQM)
New UQM Technologies CEO, Eric Ridenour, Announces Shift Into Production Phase
UQM adds full production capability to decades of advanced development work
LONGMONT, Colo.–(BUSINESS WIRE)– Just a month after assuming the role of President and CEO of UQM Technologies, Inc. (NYSE Amex: UQM), Eric R. Ridenour will announce at the Piper Jaffray Sixth Annual Clean Technology & Renewables Conference that the company has added full-production capability for its energy-efficient electric motors, generators and power electronic controls for electric and hybrid vehicles.
ULURU Inc. (NYSE Amex: ULU)
ULURU Inc. to Raise $500,000 in Registered Direct Offering
ADDISON, Texas, Jan. 4, 2011 /PRNewswire/ — ULURU Inc. (NYSE Amex: ULU), a specialty pharmaceutical company focused on the development of a portfolio of wound management and oral care products, today announced it has entered into a definitive agreement to sell 5,000,000 shares of its common stock at a price per share of $0.10 pursuant to a registered direct offering to an institutional investor, resulting in gross proceeds of approximately $500,000.
Pacific Ethanol, Inc. PEIX
Pacific Ethanol Stockton Facility Successfully Resumes Operations
SACRAMENTO, Calif., Jan. 4, 2011 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (PEI) PEIX, the leading West Coast marketer and producer of low-carbon renewable fuels has resumed production at the 60 million gallon per year ethanol production facility located in Stockton, CA. The first corn grind occurred on December 9th and the facility is now operating at close to operating capacity shipping ethanol and feed to local markets.
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 audio interviews, as well small cap company'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 company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
The SmallCapVoice.com, Inc. Daily Highlights is an electronic publication, and is for informational purposes only. The Small Cap Voice Daily Highlights covers both client and non client issuers. Non client issuer's news is listed under other small cap news. SmallCapVoice is an electronic publication providing information on selected public companies. All companies profiled on this website pay cash or restricted stock to SmallCapVoice as consideration for the electronic dissemination of the company's information and our comments about the company. Section 17(b) of the Securities Act of 1933 requires that SmallCapVoice fully disclose the type consideration (i.e. cash, restricted stock, and restricted stock with registration rights, stock options, stock warrants, or other type consideration) and the specific amount of the consideration our company receives or will receive, directly or indirectly, from an issuer, underwriter, or dealer. No information contained in our website, e-mail communications or our publications should be considered as a solicitation to purchase or sell the securities of the profiled companies. SmallCapVoice is not a registered investment advisor or a registered securities broker dealer. We do not undertake or represent to make investment recommendations or to give advice pertaining to the purchase or sale of the securities mentioned in our web site, e-mail communications or publications. The information contained in our website, e-mail communications and publications are carefully compiled by SmallCapVoice from public sources that we believe to be reliable. SmallCapVoice, however, does not guarantee the accuracy of any information contained in our website, e-mail communications or publications. This material is not a substitute for either one's own thorough investigation of an investment opportunity or the exercise of good business judgment. SmallCapVoice does not endorse, independently verify, or assert the truthfulness or reliability of any statements or data obtained from third party sources that are published by us about the profiled companies in our website articles, e-mail communications or publications, but we do not publish information that we know is incorrect. Investors should not rely solely on the information contained in our website, e-mail communications or publications when making investment decisions. Instead, investors should use the information provided on the profiled companies as a starting point for conducting additional research that will permit them to form their own opinions regarding the appropriateness of an investment in the profiled company's securities. SmallCapVoice does not warrant, represent or guaranty that there has been no change in the affairs of the profiled company since the date that information was published on this website, in e-mail communications or in our publications regarding a profiled company or after the date of the profiled company's press releases or other information disseminated via our website or publications. If you become aware of any change of circumstances related to any website article, e-mail communication or publication, please notify us immediately. See the Contact Us page for the appropriate e-mail address. The information contained in our website, e-mail communications and publications pertains to microcap, small cap and/or other thinly traded securities which by their very nature involve an extremely high degree of risk. An investment in these type of securities could result in the loss of some or all of an investment in the company. In addition, due to the illiquid nature of some of these securities, an investor may find encounter difficulties in liquidating the securities. SmallCapVoice may liquidate the stock consideration it receives at any time it deems it appropriate to do so after the required six-month holding period has run after the completion of the services for which SmallCapVoice was paid in stock. The liquidation of our stock may have a negative impact on the securities of the company liquidated, including decreased market value and/or dilution of the company's securities. The following companies have paid, and/or have agreed to pay SmallCapVoice to: distribute the company's information and reports on this website, to send e-mail communications; to send publications by mail, to post company Internet links on our website, and to compile and/or to distribute reports in an e-mail newsletter.
We encourage our readers to use caution when investing and educate themselves at the web sites of the Securities and Exchange Commission (“SEC”) at www.sec.gov and/or the National Association of Securities Dealers (“NASD”) at www.nasd.com. We encourage you to study the SEC's policies regarding online newsletters at http://www.sec.gov/answers/newsltr.htm. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at www.sec.gov/consumer/cyberfr.htm. Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our site.
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.