Stephen Bernard, AP Business Writer
Stocks pull back after drop in consumer sentiment
September stock rally halted after surprise drop in consumer sentiment
NEW YORK (AP) — Stocks pulled back modestly Friday after a discouraging report on consumer sentiment tempered recent signs of economic growth and upbeat earnings from the technology sector.
The Dow Jones industrial, which had been rallying throughout the month, fell nearly 10 points in morning trading. Broader indexes were mixed.
Stocks started the day with strong gains following upbeat earnings from BlackBerry maker Research in Motion Ltd. and software company Oracle Corp. But the surge was short-lived because traders were disappointed to see that consumer confidence is falling again.
A healthy, confident consumer is vital to a sustained recovery because they spend more. Retail sales is a primary driver of economic activity in the country.
Yesterday's Top Performing Small Cap Stock:
Concordis Group, Inc. (Pink Sheets: CNGI)
Concordis Group, Inc. was a SmallCapVoice.com top performer closing up over 2% on trading volume of 1,000 shares.
Concordis Group, Inc. is a diversified holding company that provides investment brokerage services and business insurance products for its clients. Concordis Group, Inc. provides investment products and risk management solutions through its two wholly owned subsidiaries, Concordis Insurance SPC and Puritan Securities, Inc.
Concordis Group's go-to-market strategy is based upon strong organic growth combined with strategic acquisitions of companies in the financial services and insurance industries that create additional synergy, have positive cash-flow, exhibit strong long-term growth potential, and have highly qualified management teams.
Today's SmallCapVoice.com Hot Stock to Watch:
RMD Technologies, Inc. (Pink Sheets: RMDT)
A New Audio Interview Featuring Patrick Galliher, CEO of RMD Technologies, Inc., is Now at SmallCapVoice.com
AUSTIN, Texas–(BUSINESS WIRE)–SmallCapVoice.com, Inc. announced today that a new audio interview featuring Patrick Galliher, CEO of RMD Technologies, Inc. (Pink Sheets: RMDT), is now available. The interview can be heard here http://smallcapvoice.com/blog/9-16-10-audio-interview-with-rmd-technologies-inc-pink-sheets-rmdt.
Other Small Cap News
Solta Medical, Inc. SLTM
Solta Medical Announces FDA 510(k) Clearance of Fraxel re:store Dual Laser System for the Treatment of Actinic Keratosis
Clinical Data Shows Fraxel re:store Dual 1927 nm Laser Treats 83.5% of Precancerous Lesions
HAYWARD, Calif., Sept. 16 /PRNewswire/ — Solta Medical, Inc. SLTM, the pioneer in fractional resurfacing and non-invasive skin tightening and a market leader in aesthetic skin treatments, today announced it has received FDA 510(k) clearance of its Fraxel re:store®Dual for the treatment of actinic keratosis (AKs). The Fraxel re:store Dual system takes the industry leading fractional laser technology to the next level by adding a novel 1927 nm wavelength, the first ever application of a Thulium laser in the aesthetics market. The Fraxel re:store Dual treatment provides superior results for the removal of AKs – a common precancerous skin condition caused by sun exposure on the face or other areas of the body.
Uranium Resources, Inc. URRE
Uranium Resources, Inc. Clears Significant Legal Challenge in New Mexico
Ruling that URI's Section 8 is not Indian Country cleared with no petition for certiorari to U.S. Supreme Court.
LEWISVILLE, Texas–(BUSINESS WIRE)–Uranium Resources, Inc. URRE (“URI”) announced today that the time has expired for opposing parties to petition the United States Supreme Court to review the June 2010 United States Court of Appeals for the 10th Circuit en banc ruling that URI's Section 8 property in Churchrock, New Mexico is not Indian Country. No petitions were filed as of the September 13, 2010 deadline. This ruling affirmed the authority of the State of New Mexico, and not the U.S. Environmental Protection Agency (USEPA), to issue a UIC permit to URI.
Level 3 Communications, Inc. LVLT
Level 3, Hurley, IMG Action Sports, and MSI Live Team up to Live Stream 2010 Hurley Pro
Collaboration to Deliver Hurley Pro Follows Successful Delivery of the U.S. Open of Surfing
BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. LVLT announced today that it is working with MSI Live, Hurley and IMG Action Sports to provide live online and iPhone/iPad streaming of the Hurley Pro to surfing fans from Sept. 12-18. The collaboration comes on the heels of the successful delivery of the 2010 U.S. Open of Surfing in August by these same companies.
Entrée Gold Inc. (NYSE Amex: EGI)
EntrÉE Gold to Acquire Interest in Lukkacha Property, Peru
VANCOUVER, Sept. 16 /PRNewswire-FirstCall/ – Entrée Gold Inc. EGI is pleased to announce that it has entered into a conditional agreement with a private Peruvian company whereby Entrée, through its wholly-owned Peruvian subsidiary, Exploraciones Apolo Resources S.A.C. (“Apolo”), may acquire an initial 70% interest in the Lukkacha property located in Tacna Province of southeastern Peru.
WPCS International Incorporated WPCS
Meskwaki Nation Selects WPCS for Wind Energy Project
EXTON, Pa., Sept. 16 /PRNewswire/ — WPCS International Incorporated WPCS, a leader in design-build engineering services for communications infrastructure, has announced that it has been awarded a contract from the Meskwaki Nation for a renewable wind energy project.
Jacada Ltd. JCDA
Jacada Announces Cisco Certification
ATLANTA–(BUSINESS WIRE)–Jacada Ltd. JCDA, a leading provider of customer experience management and process optimization solutions for customer service operations, announces verification of Cisco Compatibility for Jacada WorkSpace. Jacada is a member of the Cisco Developer Network and Jacada WorkSpace 5.2 has tested compatible with Cisco Unified Contact Center Enterprise (UCCE) 7.5. Jacada is now eligible to utilize the “Cisco Compatible” logo which signifies that Jacada's product has undergone interoperability testing by Jacada and Cisco, based on testing criteria set by Cisco.
Cleveland BioLabs, Inc. CBLI
Department of Defense Awards Cleveland BioLabs Contract for CBLB502 Fully Valued at $45 Million
BUFFALO, NY–(Marketwire – 09/17/10) – Cleveland BioLabs, Inc. CBLI today announced that it was awarded a $45 million contract (including options), from the United States Department of Defense (DoD) Chemical Biological and Medical Systems (CBMS) Medical Identification and Treatment Systems (MITS) to develop and stockpile CBLB502 as a medical radiation countermeasure.
Ultralife Corporation ULBI
Ultralife Corporation Receives Award for its BA 5390 Military Batteries from Defense Logistics Agency
NEWARK, N.Y.–(BUSINESS WIRE)–Ultralife Corporation ULBI has received an Indefinite Quantity Contract to source its BA 5390 batteries to the Defense Logistics Agency (DLA). The award consists of one base year, commencing on September 14, 2010, with four option years to be exercised in one-year increments at the discretion of the Government. DLA has estimated annual demand value for the base year at $5.3 million and has estimated the total award not to exceed $42.1 million.
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.
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Stuart T. Smith CEO
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ssmith@smallcapvoice.com
http://www.smallcapvoice.com
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