4-1-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks are sharply higher on growth in overseas manufacturing and a drop in initial US jobless claims
A government report showing initial claims for unemployment benefits fell last week added to the market’s enthusiasm following upbeat manufacturing reports overseas.
International markets rose after new reports showed growth in manufacturing in China and the 16-country bloc that uses the euro. A separate report showed companies in Japan are more confident about the business climate.
Manufacturing will be in focus once the U.S. markets open as well.
A fresh reading of the Institute for Supply Management’s manufacturing index is expected to show the sector expanded for the eighth straight month after 18 months of contraction.
Economists polled by Thomson Reuters predict the ISM’s index rose to 57 in March from 56.5 a month earlier. A reading above 50 indicates growth.
The manufacturing sector has shown some of the most consistent, steady growth since the country began to emerge from recession, unlike the housing and jobs markets that have been more uneven.
In early morning trading, the Dow Jones industrial average rose 79.13, or 0.7 percent, to 10,935.76. The Standard & Poor’s 500 index rose 10.45, or 0.9 percent, to 1,179.88, while the Nasdaq composite index rose 21.20, or 0.9 percent, to 2,419.16.
Yesterday’s Top Performing Small Cap Stock:
YesDTC Holdings, Inc. (OTCBB: YESD)
YesDTC Holdings, Inc. was a SmallCapVoice.com top performer yesterday closing up over 48% on trading volume of 36,600 shares.
YesDTC Holdings, Inc. is a direct-to-consumer marketing company specializing in direct response television (DRTV), Internet and retail marketing programs. The Company brings a unique set of skills to this marketplace. YesDTC combines both creative talents and financial acumen to create a total package for direct-to-consumer marketing programs. We have formed a strategic partnership with Schulberg Media Works (SMW), one of the pioneering firms in the direct-to-consumer space. SMW’s track record is impressive with nearly $1 billion in revenues and a strong track record of industry awards. SMW campaigns include Tempur-Pedic, Guthy-Renker, Sony, 24-Hour Fitness, Rhino Records, HarperCollins, PureSleep, among many others.
Today’s SmallCapVoice.com Hot Stock to Watch:
Concordis Group, Inc. (Pink Sheets: CNGI)
Concordis Group, Inc. Develops Pipeline of Five Captive Insurance Cells
DESTIN, Fla., March 31 /PRNewswire-FirstCall/ — Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, announced today that it has recently developed a pipeline of five potential captive insurance cells in a wide range of industries and states. Concordis Group anticipates that a majority of these captive insurance cells will be created and launched by December 2010.
Other Small Cap News
Rubicon Minerals Corporation (NYSE Amex: RBY)
Rubicon Provides Update on Underground Development at the F2 Gold Zone, Phoenix Gold Project
Rubicon Minerals Corporation (NYSE Amex: RBY) is pleased to provide an update on the progress of its ongoing underground development work at the F2 Gold Zone, at the Phoenix Gold Project, Red Lake, Ontario.
The extension of the Phoenix shaft from 122 to 305 metres below surface has been completed and, following establishment of drill stations and services on the 305 metre (1000 foot) level, Rubicon has commenced drilling utilizing one rig at present from the base of the shaft.
Entree Gold Inc. (NYSE Amex: EGI)
Entree Gold Ready to Explore Shivee West
VANCOUVER, February 17, 2010 /PRNewswire-FirstCall/ — Entree Gold Inc. (NYSE Amex: EGI) announces 2010 exploration budgets for initial work programs in Mongolia, the USA and Canada totaling approximately US$7 million. The Company treasury currently stands at over US$38 million.
Repros Therapeutics Inc. (Nasdaq: RPRX)
FDA’s Metabolic Division Deems Repros Phase II Protocol Adequate for Exploring the Effects of Androxal(R) on Blood Glucose
Company believes clear clinical path for Androxal established pending successful completion of Phase II study
Repros Therapeutics Inc. (NasdaqCM:RPRX) today announced that the Company is sending a reply to the FDA’s Division of Metabolism and Endocrinology Products following the Company’s receipt of FDA’s comments on the proposed Phase II study of Androxal(R) (enclomiphene) in the treatment of Type II diabetes under Repros’ open IND. On February 2, 2010 the Company announced that Repros received confirmation from the Agency that the new IND is effective.
US Gold Corporation (NYSE Amex: UXG)
US Gold Announces 26% Increase in Measured and Indicated Resources at Its Gold Bar Project, Nevada
US Gold Corporation (NYSE Amex: UXG) is pleased to announce an improvement in the estimated mineral resource for its 100% owned Gold Bar Project in Nevada. Measured and Indicated (M&I) resources increased 26% to 974,875 oz gold within 36.9 million tons of material with an average grade of 0.026 ounces gold per ton (opt) (0.905 grams gold per tonne (gpt)), from 772,600 oz gold within 25.1 million tons of material with an average grade of 0.031 opt (1.053 gpt).
Borders Group, Inc. (NYSE: BGP)
Borders Group Reports Fourth Quarter, Full Year 2009 Results
“Restoring the financial health and profitability of the company remains our top priority,” said Borders Group Interim President and Chief Executive Officer Mike Edwards. “We took important steps toward this goal with the long-term extension of our existing credit facility and the additional capital provided by the new term loan. We have made significant operational and financial improvements and will maintain those disciplines as we shift our focus now to growing market share by acquiring, engaging and retaining customers through a transformation of the Borders brand. I’m pleased with the cooperation we have received from our bank group, lenders, vendors, partners and associates who share our vision for a successful Borders.”
SVB Financial Group (Nasdaq: SIVB)
Solta Medical Expands Credit Facility With Silicon Valley Bank to $22 Million
Silicon Valley Bank, financial partner to technology and life science companies of all sizes worldwide, added a new $10 million term loan to existing credit facilities for Solta Medical (Nasdaq:SLTM), a global leader in the medical aesthetics market. The additional term loan increases Solta Medical’s credit facilities with Silicon Valley Bank to a total of $22 million. Solta Medical would expect to use the additional facility to pursue strategic initiatives.
Lawson Software (Nasdaq: LWSN)
Lawson Announces Full-Function ERP on Amazon Web Services Infrastructure
New way to test software before buying
Lawson Software (Nasdaq: LWSN) today announced that starting in May 2010 it will offer its core Lawson Enterprise Management Systems and Lawson Talent Management suite powered by the Amazon Elastic Compute Cloud (Amazon EC2) infrastructure. The products will be included in the Lawson External Cloud Services offering, which is part of the company’s new Lawson Cloud Services portfolio.
Converted Organics Inc. (Nasdaq: COIN)
Converted Organics Inc. Announces over $2.6 Million in Revenue
Shareholder Conference Call Scheduled to Review Business Developments
Converted Organics Inc. (NASDAQ:COIN) announced today that the Company has filed its Form 10-K annual report with the Securities and Exchange Commission (SEC), announcing revenue of $2,634,000 for the year ended December 31, 2009.
Air Transport Services Group, Inc. (Nasdaq: ATSG)
ATSG Reports Fourth-Quarter and 2009 Earnings, Strong Balance Sheet Improvements, New Multi-Year DHL Agreements
Joe Hete, President and CEO of ATSG, said, “Our new agreements with DHL, based on a fixed-price construct, are a huge achievement for our employees and shareholders, as well as for DHL. The comprehensive set of agreements cover leases of thirteen 767 freighter aircraft to DHL by our Cargo Aircraft Management (CAM) unit, operation of those aircraft by our ABX Air crews under a new, more competitive Collective Bargaining Agreement, and maintenance of the aircraft by our Airborne Maintenance & Engineering Services (AMES) technicians..”
Rubicon Minerals Corporation (NYSE Amex: RBY)
Rubicon Provides Update on Underground Development at the F2 Gold Zone, Phoenix Gold Project
Rubicon Minerals Corporation (NYSE Amex: RBY) is pleased to provide an update on the progress of its ongoing underground development work at the F2 Gold Zone, at the Phoenix Gold Project, Red Lake, Ontario.
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