Stephen Bernard, AP Business Writer
Stocks edge lower as investors pocket profits
Stocks slip to kick off week; Traders review flurry of new dealmaking
NEW YORK (AP) — Stocks took a pause from their big September rally on Monday.
With no major economic reports to drive trading, investors focused instead on individual stocks after a fresh round of corporate dealmaking in the airline, consumer products and retailing industries.
The Dow Jones industrial average fell 6 points in late morning trading. The Dow entered Monday having risen each of the past four weeks, its longest winning streak since eight consecutive weekly gains ended in late April when stocks hit their highest levels of the year.
In deal news, consumer products giant Unilever NV agreed to buy beauty products maker Alberto Culver Co. for $3.7 billion. Southwest Airlines Co. will purchase AirTran Holdings Inc. for about $1.4 billion. Wal-Mart Stores Inc. proposed to buy South African consumer goods distributor Massmart Holdings Ltd. for about $4.25 billion.
Michael Sansoterra, portfolio manager of the RidgeWorth Large Cap Growth Fund, said the latest deals are sign companies are confident economic growth will pick up in the coming quarters. Acquisition activity has been booming this month as companies become more willing to take large cash reserves built up during the recession and invest it.
Yesterday's Top Performing Small Cap Stock:
General Automotive Co. GNAU
General Automotive Co. was a SmallCapVoice.com top performer closing up over 25% on trading volume of 6,120 shares.
General Automotive Company GNAU, a North American provider of aftermarket parts and advanced technology for the automotive industry, recently announced a joint venture agreement with Taichi Automotive of China.
Today's SmallCapVoice.com Hot Stock to Watch:
Suffer (Pink Sheets: ENTK)
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.
Other Small Cap News
Intellicheck Mobilisa, Inc (NYSR Amex: IDN)
Missouri Army Base Awards Contract to Intellicheck Mobilisa
PORT TOWNSEND, Wash.–(BUSINESS WIRE)–Intellicheck Mobilisa, Inc. (NYSE AMEX:IDN), a global leader in access control and wireless security systems, received a contract from the US Army at Fort Leonard Wood to provide them with the Defense ID ® access control equipment. The value of the contract is approximately $250,000 for equipment, software, installation, training and warranties.
eFuture Information Technology Inc EFUT
eFuture Announces Share Purchase Agreement
BEIJING, Sept. 27, 2010 (GLOBE NEWSWIRE) — eFuture Information Technology Inc. EFUT (the “Company”, or “eFuture”), a leading provider of software and services in China's rapidly growing retail and consumer goods industries, today announced that it has entered into a share purchase agreement to sell 337,685 ordinary shares to 13 shareholders for US$1,813,368 in cash. The agreement was effective as of September 23, 2010.
BIOLASE Technology, Inc. BLTI
BIOLASE Announces $9 Million Order, Including $6 Million for Purchases of the Revolutionary iLase(TM) Personal Laser
Largest Order in the Company's History Under Non-Exclusive Distribution Agreement; Henry Schein to Pay $3 Million Up Front
IRVINE, CA–(Marketwire – 09/27/10) – BIOLASE Technology, Inc. BLTI, the world's leading dental laser company, is proud to announce that Henry Schein, Inc. HSIC has placed an irrevocable $9 million open purchase order for BIOLASE products, $6 million of which will be for the purchase of the revolutionary iLase™ personal laser, with an option for an additional $3 million of iLase or for other laser systems, including the flagship Waterlase® MD Turbo™. This purchase order is expected to be fulfilled by June 2011. Deliveries are to start immediately, and are expected to increase over the course of the 2010 fourth quarter and thereafter. As part of the distribution agreement, Henry Schein has agreed to engage in a substantial marketing campaign to launch the iLase product line throughout North America.
Arotech Corporation ARTX
Arotech Announces Nearly $3 Million in Battery and Rechargeable Orders
Battery Backlog Stands at $15.3 Million, the Highest Ever in the Division's History
ANN ARBOR, MI–(Marketwire – 09/27/10) – Arotech Corporation ARTX, a provider of quality defense and security products for the military, law enforcement and security markets, announced today that its Battery and Power Systems Division has received new and follow on orders of close to $3 million for batteries and rechargeables for military and domestic consumption. The batteries and rechargeables will be used for telecom equipment, aviation safety devices and the military's future soldier programs.
Ocean Power Technologies, Inc. OPTT
Ocean Power Technologies Completes First-Ever Grid Connection of a Wave Energy Device in the US
PENNINGTON, N.J.–(BUSINESS WIRE)–Ocean Power Technologies, Inc. OPTT (“OPT” or the “Company”) announces that it has completed the first-ever grid connection of a wave energy device in the United States at the Marine Corps Base Hawaii (“MCBH”), in conjunction with the US Navy. This connection demonstrates the ability of OPT's PowerBuoy® systems to produce utility-grade, renewable energy that can be transmitted to the grid in a manner fully compliant with national and international standards.
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.