Stephen Bernard, AP Business Writer
Stocks climb after Citigroup tops forecasts
Stocks climb after Citigroup's 3rd-quarter results give financial stocks a lift
NEW YORK (AP) — An upbeat start to a busy week of earnings pushed stocks higher Monday.
Citigroup Inc.'s better-than-expected results drove financial stocks higher, putting an end to a recent slide in bank shares. The Dow Jones industrial average rose 47 points in late morning trading.
Citigroup said it was helped by fewer customers failing to repay loans during the third quarter, another sign that the worst losses from loan defaults could be in the past. The better results from Citi lifted shares of other banks, which had swooned last week as fallout spread from accusations that banks had improperly processed large amounts of foreclosures. Wells Fargo & Co. and JPMorgan Chase & Co. both rose about 2 percent.
The market is likely to turn its focus to corporate earnings throughout the week as dozens of large companies release results. Broad economic reports have been the main factor driving stock trading in recent months.
Yesterday's Top Performing Small Cap Stock:
Bio-Matrix Scientific Group Inc. ENTB
Bio-Matrix Scientific Group Inc. was a Small Cap top performer closing up over 12% on trading volume of 10,868 shares.
Bio-Matrix Scientific Group Inc. BMSN is a biotechnology company headquartered in San Diego, Ca. with a 15,000 sq. ft. facility that houses two secure cryogenic stem cell banks, three research laboratories, aseptic cellular/tissue class 10,000/100 processing lab, hematology, microbiology and flow cytometry laboratories. David Koos also serves as Chairman & CEO for the company's majority owned subsidiary, Entest BioMedical, Inc. ENTB.
Today's SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
A New Audio Interview with Don Merrill, President and CEO of Tootie Pie Company is now at SmallCapVoice.com
Oct. 18, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Tootie Pie Company, Inc. (OTC.BB: TOOT), a premium baker and seller of high-quality, handmade pies is now available. The interview can be heard at http://smallcapvoice.com/blog/10-15-10-audio-interview-with-tootie-pie-company-otcbb-toot.
SmallCapVoice Clients' News
Tie Technologies, Inc. (Pink Sheets: TTCS)
Graham Mew, Executive Vice President, TIE Technologies, Inc., Updates Shareholders on Recent News in Audio Interview at SmallCapVoice.com
Oct. 18, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview profiling TIE Technologies, Inc. (Pink Sheets: TTCS) is now available. The interview can be heard at http://smallcapvoice.com/blog/10-15-10-audio-interview-with-tie-technologies-inc-pink-sheets-ttcs.
Other Small Cap News
Coastal Integrated Services, Inc. (Pink Sheets: COLV)
A New Audio Interview with Butch Conz, CEO of Coastal Integrated Services is Now at SmallCapVoice.com
A New Audio Interview with Butch Conz, CEO of Coastal Integrated Services is Now at SmallCapVoice.com
AUSTIN, Texas–(BUSINESS WIRE)– SmallCapVoice.com, Inc. announced today that a new audio interview with Coastal Integrated Services, Inc. COLV, is now available. The interview can be heard at http://smallcapvoice.com/blog/10-15-10-audio-interview-with-coastal-integrated-services-inc-pink-sheets-colv.
Aastrom Biosciences, Inc. ASTM
Aastrom Receives FDA Fast Track Designation for Phase 3 CLI Program
ANN ARBOR, Mich., Oct. 18, 2010 (GLOBE NEWSWIRE) — Aastrom Biosciences, Inc. ASTM, a leading developer of expanded autologous cellular therapies for the treatment of severe cardiovascular diseases, today announced that the U.S. Food & Drug Administration (FDA) has granted fast track designation for the company's critical limb ischemia (CLI) cell therapy development program. Aastrom plans to initiate Phase 3 clinical testing of its treatment for CLI in early 2011.
Pacific Ethanol, Inc. PEIX
Pacific Ethanol, Inc. Plans to Restart Stockton, California Ethanol Production Facility Within 60 Days
SACRAMENTO, Calif., Oct. 18, 2010 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (PEI) PEIX, the leading West Coast marketer and producer of low-carbon renewable fuels, announced plans to resume operations at the 60 million gallon per year facility in Stockton, California. PEI expects to be producing ethanol at Stockton in December 2010.
Acorn Energy ACFN
Octave Reservoir Technology Signs Joint Development and Marketing Agreement With US Sensor Systems
Real-time Efficient Monitoring Optic Sensors Will Target the Exploration and Production Markets
NORTHRIDGE, Calif., Oct. 15 /PRNewswire-FirstCall/ — US Sensor Systems Inc. (USSI), a subsidiary of Acorn Energy ACFN, announced today that it has signed an agreement with Octave Reservoir Technology, whereby USSI will develop a custom miniature fiber optic geophone (MFOG) for use in Octave's seismic reservoir monitoring system, which will be sold by Octave to the Exploration and Production (E&P) markets. Octave is a leader in providing real-time microseismic reservoir monitoring solutions within the oil and gas and the closely associated Carbon Capture and Storage (CCS) and geothermal industries.
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.
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Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
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