3-9-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks are slightly higher on 1-yr anniversary of market bottom
With little in the way of economic reports or earnings to help drive shares higher, investors are taking a breather after major indexes rose the past few weeks.
Stocks have surged over the last year. The Dow Jones industrial average is up 61.2 percent during that stretch. But traders’ expectations about an economic recovery have also grown. That means it will take more than just an occasional upbeat economic report or earnings release to send stocks up.
Stocks are also seen as more fairly priced now, so it will take exceeding higher expectations for growth and economic recovery to help sustain a rally.
Overseas, Asian stocks were little changed, while European shares fell. A few disappointing earnings reports and renewed concerns about how banks will perform once stimulus measures are removed helped push major indexes in Europe lower.
In late morning trading, the Dow Jones industrial average rose 11.03, or 0.1 percent, to 10,563.55. The Standard & Poor’s 500 index fell 0.22, or less than 0.1 percent, to 1,138.28, while the Nasdaq composite index rose 2.85, or 0.1 percent, to 2,335.06.
Yesterday’s Top Performing Small Cap Stock:
BioMedical Technology (OTCBB: BMTL)
BioMedical Technology Solutions, Inc. was a SmallCapVoice.com top performer yesterday closing up over 21% on trading volume of 20,380 shares.
BioMedical Technology Solutions Holdings: U.S. Military Continues to Recognize the Demolizer(R) II Benefits by Expanding the Application to Altus Air Force Base
ENGLEWOOD, CO — (Marketwire) — 03/09/10 — BioMedical Technology Solutions, Inc. (“BMTS”) (OTCBB: BMTL) is pleased to announce that it has placed the Demolizer(R) II System at Atlus Air Force Base, the home of the 97th Air Mobility Wing in Southern Oklahoma. This expands on the use of the Demolizer(R) technology at U.S. military bases for the onsite treatment of sharps and typical red bag waste. The Demolizer(R) II provides a simple, safe and environmentally friendly means to manage medical waste generated in support of the deployment, training and care of U.S. military personnel.
Today’s SmallCapVoice.com Hot Stock to Watch:
GWS Technologies, Inc. (OTCBB: GWSC)
GWS Technologies, Inc. Becomes Technology Supplier to CHS Farms LLC
Mar. 9, 2010 (Business Wire) — GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing renewable energy solutions, announced today that it will start supplying CHS Farms LLC with wind turbines, solar panels, and hydro electric generators.
SmallCapVoice Clients’ News
CitySide Tickets, Inc. (Pink Sheets: CIST)
TicketNews Highlights CitySide Tickets, Inc.’s Growth
Mar. 8, 2010 (Business Wire) — CitySide Tickets, Inc. (PINK SHEETS: CIST), which owns and operates www.CitySidetickets.com, a nationwide event ticket purchasing venue that caters to a diverse selection of popular theater, music, and sporting events, announces that on Thursday, March 4, 2010, the company was featured in an exclusive article at TicketNews.com. The complete article can be found at the following link: http://www.ticketnews.com/Bostons-CitySide-Tickets-looks-to-boost-its-profile310491.
Other Small Cap News
Sprint Nextel Corporation (NYSE: S)
Sprint to pay down debt, CFO says; shares climb
Sprint shares climb after CFO says company plans to pay down debt, stabilize revenue
NEW YORK (AP) — Shares of Sprint Nextel Corp. rose Monday after Chief Financial Officer Bob Brust told investors the telecommunications company plans to pay down its debt and continue to strengthen its balance sheet.
“(In) the next 30 months, we have about $5.2 billion of debt coming due. Right now we plan to pay that as due, not refinance,” said Brust at the Raymond James Institutional Investors Conference, according to a transcript.
Ballard Power Systems Inc. (Nasdaq: BLDP)
Ballard to Receive DOE Funding to Advance Non-Automotive Fuel Cell Commercialization
Ballard Power Systems (TSX: BLD ; NASDAQ: BLDP) announced today that it has $6.2 million in project funding from the U.S. Department of Energy (DOE) under contract over a four year period. Ballard Material Products, a U.S. subsidiary of Ballard Power Systems, was awarded $4.1 million as prime for a contract that will focus on improvements in fuel cell durability and cost. Additionally, Ballard will be sub-contractor to leading U.S. technology organizations for several other fuel cell research and development projects funded by the DOE.
United Microelectronics Corporation (NYSE: UMC)
UMC Reports Sales for February 2010
TAIPEI, Taiwan, March 9 /PRNewswire-Asia-FirstCall/ — United Microelectronics Corporation (NYSE: UMC; TAIEX: 2303), (UMC) today reported unaudited net sales for the month of February 2010.
FieldPoint Petroleum Corporation (NYSE Amex: FPP)
FieldPoint Petroleum Corporation Provides Update
Production Hits New High
AUSTIN, Texas–(BUSINESS WIRE)–FieldPoint Petroleum Corporation (NYSE Amex: FPP) today announced that production is averaging more than 300 BOEPD (barrels of oil equivalent per day). This includes production for the fourth quarter of 2009 and up to this point in the first quarter of 2010.
ITEX Corporation (OTCBB: ITEX)
ITEX Corporation Authorizes Stock Repurchase Program
ITEX Corporation (OTC Bulletin Board:ITEX), The Membership Trading Community(SM), a leading marketplace for cashless business transactions in North America, announced today that its board of directors has authorized the repurchase of up to $2.0 million of its outstanding common stock.
Satcon Technology Corporation (Nasdaq: SATC)
Satcon to Supply 18 Megawatts of PowerGate(R) Plus PV Inverters Across 40 Power Plants Under Ontario Feed-In Tariff Program
OZZ Solar Inc. Selects Satcon as Key Supplier for Ontario Feed-In Tariff Solar Rooftop Projects
Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced that it will deliver 78 of its industry leading PowerGate(R) Plus solar PV inverters to OZZ Solar Inc. The power conversion solutions will be deployed on commercial rooftop projects across the province of Ontario, and will be fully compliant under the Ontario Feed-In Tariff (FIT) program launched in 2009.
Aastrom Biosciences, Inc. (Nasdaq: ASTMD)
Aastrom Announces Treatment of Final Patient in IMPACT-DCM Surgical Clinical Trial
Six-Month Interim Results in Study of Patients With Severe Cardiovascular Disease to be Presented Later This Year
“We are very pleased to announce this important milestone in our cardiac regeneration program,” said Tim Mayleben, president and CEO of Aastrom. “We look forward to collecting, analyzing and announcing the data from this first-of-a-kind trial later this year.”
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