Stephen Bernard, AP Business Writer
Stocks jump as the news improves on manufacturing
Stocks rise after manufacturing growth; business confidence jumps in Germany
NEW YORK (AP) — Stocks resumed a September rally Friday following better news about the European economy and an unexpected jump in orders for manufactured goods last month.
The Dow Jones industrial average rose 173 points in morning trading and is heading for a fourth week of gains. That would be the longest winning streak since stocks rose to their highest levels of the year in late April.
A surprise jump in business confidence in Germany also tempered worries about Europe's economy, driving stocks higher in Europe and the U.S. Stocks had fallen Thursday following a report that business activity slowed in the 16 countries that used the euro.
Gold prices climbed again, briefly touching $1,300 an ounce, as many investors remained cautious. The dollar fell.
Industrial stocks including General Electric Co., Caterpillar Inc. and United Technologies Corp. gained after the Commerce Department reported that orders for durable goods excluding transportation rose last month at their fastest pace in five months. The increase was double what economists polled by Thomson Reuters had expected.
Yesterday's Top Performing Small Cap Stock:
Suffer (Pink Sheets: ENTK)
Suffer was a SmallCapVoice.com top performer closing up over 12% on trading volume of 26,535 shares.
SUFFER (Pink Sheets:ENTK) recently announced that company Director Frank Mir was contacted by reps at Universal Republic about being featured in a Music Video featuring Frank training for his fight against Mirko Cro Cop.
Today's SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
Tootie Pie Company, Inc. recently announced that unit sales for August 2010 were up 10%, versus August, 2009.
Other Small Cap News
GSE Systems, Inc. (NYSE Amex: GVP)
GSE Announces Award of Second AP1000 Nuclear Power Plant Simulator in the U.S.
SYKESVILLE, Md.–(BUSINESS WIRE)–GSE Systems, Inc. (GSE) (NYSE Amex:GVP), a leading global provider of real-time simulation and training solutions to the power, process, manufacturing and Government sectors, announced today the award of a multi-million dollar contract to engineer and build Westinghouse AP1000TM nuclear power plant simulator models for SCANA Corporation's V.C. Summer Plant site located in South Carolina. This marks the second AP1000 simulator contract in the U.S.
NGAS Resources, Inc. NGAS
NGAS Resources Advances Weir Oil and Gas Development
LEXINGTON, Ky., Sept. 23, 2010 (GLOBE NEWSWIRE) — NGAS Resources, Inc. NGAS announced today that its first horizontal Weir test well is ready to be placed on pump, and its second horizontal Weir test well will be treated September 27th with a 12-stage foam frac. Drilled in the Roaring Fork field to a vertical depth of 3,600 feet, the horizontal portion on the second well extends 2,500 feet.
Angeion Corporation ANGN
Angeion Corporation Reports Strong Initial Activity Under its Stock Repurchase Program
ST. PAUL, Minn.–(BUSINESS WIRE)–Angeion Corporation ANGN today announced that it has successfully commenced repurchases under its recently modified stock repurchase program. On September 22, 2010, the Company executed a single block purchase of approximately 100,000 shares at a repurchase price of $4.25 per share..
Entrée Gold Inc. (NYSE Amex: EGI)
EntrÉE Gold Discovers New Mineralized Porphyry Copper System at Yerington, Nevada
VANCOUVER, Sept. 23 /PRNewswire-FirstCall/ – Entrée Gold Inc. EGI provides an update on its on-going exploration programs in the Yerington district of Nevada. The company is exploring a large tract of land in the western portion of the developing Yerington copper camp. The highlight of Entrée's program to date is the discovery of a new mineralized porphyry copper occurrence. This previously unknown mineralized system lies within the Roulette property, which is subject to an option agreement with Bronco Creek Exploration Inc. (a wholly-owned subsidiary of Eurasian Minerals Inc. – TSX.V:EMX – collectively “Bronco Creek”)
Onstream Media Corporation ONSM
Onstream Media to Receive $900,000 Investment from Lincoln Park Capital Fund, LLC
Investment Priced at Premium to Market
POMPANO BEACH, Fla., Sept. 24 /PRNewswire-FirstCall/ — Onstream Media Corporation ONSM, a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology, announced today that on September 17, 2010 it signed an agreement to sell its securities to Lincoln Park Capital Fund, LLC (“LPC”), a Chicago-based institutional investor. Under the agreement, LPC has agreed to invest gross proceeds of $900,000 in Onstream in exchange for 300,000 shares of common stock at $1.25 per share, preferred shares convertible into 420,000 shares of common stock at a fixed conversion price of $1.25 per share and a one-time commitment fee of 50,000 common shares. $1.25 per share represented an approximately 34% premium to the closing bid price of $0.93 per ONSM share on September 16, 2010, the day prior to entering into the agreement. Under the agreement, LPC will also receive warrants to purchase 540,000 shares of ONSM common stock at $2.00 per share.
MTR Gaming Group, Inc. MNTG
MTR Gaming Group Repays $11.5 Million of Debt and Enters into Amendment to Credit Agreement
CHESTER, W. Va.–(BUSINESS WIRE)–MTR Gaming Group, Inc. MNTG (the “Company”) announced today that it has repaid the total amount of $10.0 million outstanding under its credit agreement with Aladdin Credit Advisors, L.P., as administrative agent, which provides for a $20.0 million senior secured delayed-draw term loan credit facility. In connection with the repayment, the Company executed an amendment to the credit agreement which, among other things, permits the re-borrowing of the $10.0 million that was repaid, establishes minimum future borrowing amounts and increases prepayment premiums.
Exar Corporation EXAR
Soros Fund Buys $10.5M Worth of Exar
NEW YORK (TheStreet) — Which insiders are selling and buying chunks of stocks?
Below are lists of the top 10 open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday as ranked by dollar value. Company executives and directors are in the best position to assess the attractiveness of their firms' shares, and here is how many of them are voting their wallets! Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction.
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.