Chuck Mikolajczak. Reuters
Wall Street edges up on profits but data caps gains
NEW YORK (Reuters) – U.S. stocks rose on Thursday in a holiday-shortened week on earnings and outlooks, but the gains were tempered on signs of regional economic weakness.
Apple Inc AAPL climbed 2.6 percent to $351.20 after its results beat Wall Street's expectations as iPhone and Mac computer sales soared while iPad supplies could not keep up with global demand.
Travelers Cos Inc TRV provided the top boost to the Dow after reporting a 30 percent rise in quarterly profit as the large property insurer recorded higher investment income. Shares rose 3.3 percent to $61.07.
But McDonald's Corp MCD was off 2.1 percent to $76.78, after the hamburger chain warned of accelerating food inflation.
Yesterday's Top Performing Small Cap Stock:
Tootie Pie Company (OTCQB: TOOT )
Tootie Pie Company was a SmallCapVoice.com top performer closing up over 8% on trading volume of 10,306 shares.
Tootie Pie Company March Sales Up 10%
Apr. 21, 2011 (Business Wire) — Tootie Pie Company, Inc. TOOT announced that its March 2011 sales were up 10% over March of 2010. This marks the 17th consecutive month of sales increases.
“Tootie Pie Gourmet Cafés and higher margin retail sales continue to drive our overall sales growth,” said Don Merrill, President & CEO. “We have some exciting projects in the works and expect robust sales growth to continue.”
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Today's SmallCapVoice.com Hot Stock to Watch:
Trueclaim Exploration, Inc. (OTCQX: TRMNF )
Trueclaim Exploration Inc. Earns Working Interest in Scadding Project
LONDON, ONTARIO — (Marketwire) — 04/21/11 — Trueclaim Exploration Inc. (the “Company”) (TSX VENTURE:TRM)TRMNF has completed its earn-in of a 51% working interest in the Scadding Gold Property northeast of Sudbury, Ontario (the “Property”). The Company is pleased to reach this milestone well in advance of the August 2012 deadline set out in the option agreement whereby the Company acquired its interest in the Property from Currie Rose Resources Inc. (“Currie Rose”).
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Other Small Cap News
Prana Biotechnology PRAN
Prana Accelerates PBT2 Commercial Development
Alzheimer's Disease Phase II Imaging Trial Planned 3rd Qtr 2011; Huntington's Disease Phase II Trial Planned 4th Qtr 2011
MELBOURNE, AUSTRALIA–(Marketwire – 04/20/11) – Prana Biotechnology PRAN PBT today announced its business strategy to accelerate development of its lead asset, PBT2. The strategy, that now includes Huntington's Disease, should enable Prana to target market approval for PBT2 several years sooner than previously planned and at considerably less cost.
Dynavax Technologies DVAX
Dynavax Initiates First Human Trial in Lupus Program
$6 Million Milestone Payment From GSK Due to Dynavax
BERKELEY, CA–(Marketwire – 04/20/11) – Dynavax Technologies Corporation DVAX announced today the start of dosing in the first human clinical trial in its lupus program. Initiation of this trial entitles Dynavax to receive a $6 million milestone payment from GlaxoSmithKline (GSK), its partner in a worldwide strategic alliance. GSK has an exclusive option to obtain a license to the program.
Neptune Technologies & Bioressources NEPT
Neptune Technologies & Bioressources Secures an Additional $2.865M
LAVAL, Quebec, April 20, 2011 (GLOBE NEWSWIRE) — Neptune Technologies & Bioressources Inc. (“Neptune”) NEPT (TSX-V:NTB) announces that in connection with its private placement financing of units announced yesterday, it has secured commitments, with the same terms previously announced, for an additional $2,865,000. The total proceeds of the private placement financing amounts for approximately $12.4M.
Neuralstem, Inc. (NYSE Amex: CUR)
Neuralstem Signs Memorandum of Understanding for Ischemic Stroke Program in China
ROCKVILLE, Md., April 20, 2011 /PRNewswire/ — Neuralstem, Inc. (NYSE Amex: CUR) announced it has signed a Memorandum of Understanding with BaYi Brain Hospital in Beijing, China. Under the agreement, BaYi Brain and Neuralstem will jointly prepare a clinical protocol for treatment of motor deficits due to ischemic stroke.
1-800-FLOWERS.COM, Inc. FLWS
1-800-FLOWERS.COM, Inc. Reports Fiscal 2011 Third Quarter Results From Continuing Operations
Total Revenues grew 4.7 percent to $162.8 million compared with $155.5 million in the prior year period.
CARLE PLACE, N.Y.–(BUSINESS WIRE)– 1-800-FLOWERS.COM, Inc. FLWS, the world's leading florist and gift shop, today reported revenue growth from continuing operations of 4.7 percent to $162.8 million for its fiscal 2011 third quarter ended March 27, 2011, compared with revenues from continuing operations of $155.5 million in the prior year period. The Company said the growth in revenues primarily reflected strong Valentine holiday demand in its Consumer Floral segment as well as its BloomNet wire service business, partially offset by the shift in the Easter holiday.
Tekmira Pharmaceuticals Corporation TKMR
Tekmira and the National Cancer Institute Publish Promising Data Demonstrating the Anti-Tumor Activity of a Novel Cancer Target
VANCOUVER, British Columbia, April 21, 2011 (GLOBE NEWSWIRE) — Tekmira Pharmaceuticals Corporation TKMR TKM, a leading developer of RNA interference (RNAi) therapeutics, announced today that promising preclinical data from its collaboration with the National Cancer Institute (NCI) has been published in Oncogene, one of the world's leading cancer journals.
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