3-18-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks in narrow range after price, jobs data
NEW YORK (AP) — Stocks are trading in a narrow range Thursday after reports showed inflation remains benign and new claims for unemployment fell last week.
The positive reports are being tempered by fresh concerns about debt problems in Greece.
Stocks have been grinding higher over the past five weeks, with the Dow Jones industrial average up about 825 points during that time. The Dow has risen for seven straight sessions. The Standard & Poor’s 500 and Nasdaq composite indexes are both at their highest levels since 2008.
Gains over the past couple of days came after the Federal Reserve said it would keep its fed funds rate near zero and noted the economy is showing more signs of improvement.
However, the recent string of gains could end because of renewed worries about Greece’s debt burden. Concerns about Greece’s debt have weighed on the market off and on for nearly two months as the country tries to sort out billions of dollars in budgetary gaps. Overseas markets were mixed.
The Dow rose 14.13, or 0.1 percent, to 10,747.80. The Standard & Poor’s 500 index rose 0.03, or less than 0.1 percent, to 1,166.24, while the Nasdaq composite index rose 0.09, or less than 0.1 percent, to 2,389.18.
The Labor Department said the Consumer Price Index was unchanged in February. Excluding volatile energy and food prices, the CPI rose 0.1 percent. Economists polled by Thomson Reuters, on average, forecast a rise of 0.1 percent in both figures.
The slow economic recovery and continued high unemployment have kept prices in check.
Yesterday’s Top Performing Small Cap Stock:
Attitude Drink Company, Inc. (OTCBB: ATTD)
Attitude Drink Company, Inc. was a SmallCapVoice.com top performer yesterday closing up over 16% on trading volume of 6,425,160 shares.
Emerging Stock Report Initiates Independent Research Coverage on Attitude Drinks Incorporated
ALGARY, Alberta, March 18, 2010 (GLOBE NEWSWIRE) — Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on Attitude Drinks Incorporated (OTCBB:ATTD). Emerging Stock Report is currently offering a complimentary trial subscription to the investment community.
Today’s SmallCapVoice.com Hot Stock to Watch:
Freshwater Technologies, Inc. (OTCBB: FWTC)
A New Audio Interview with Max Weissengruber from Freshwater Technologies Inc. is Now at SmallCapVoice.com
Mar. 18, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Freshwater Technologies Inc. (OTCBB: FWTC) is now available. The interview can be heard at http://smallcapvoice.com/blog/3-17-10-audio-interview-with-freshwater- technologies-inc-otcbb-fwtc/
Freshwater Expands Ultra Violet Drinking Water Distribution
Freshwater Technologies Inc (OTCBB:FWTC) is pleased to announce that it is expanding its ultra violet drinking water applications to 6 Latin American countries where it has already established local partnerships for its FW water activation products. Viqua, which produces the “Sterilight” brand of Ultra Violet drinking water disinfection systems, has become a world leader in the design and manufacture of innovative disinfection systems for use in residential and small commercial applications.
Other Small Cap News
UQM Technologies, Inc. (NYSE Amex: UQM)
UQM Technologies Named to NASDAQ(R) Clean Edge(R) Green Energy Index
FREDERICK, Colo.–(BUSINESS WIRE)–UQM Technologies, Inc. (NYSE Amex:UQM), a developer of alternative energy technologies, announced today that it will be added to the NASDAQ(R) Clean Edge(R) Green Energy Index effective with the market open on Monday, March 22, 2010.
Versar, Inc. (NYSE Amex: VSR)
Versar, Inc. Acquires ADVENT Environmental, Inc.
Versar, Inc. (NYSE Amex: VSR) announced today that it has acquired ADVENT Environmental, Inc. (“Advent”). Advent, headquartered in Charleston, South Carolina, is a Department of Defense, full service environmental contractor with significant capabilities in Military Munitions Response Plans (MMRP) and Unexploded Ordinance (UXO) clean-up.
JayHawk Energy, Inc. (OTCBB: JYHW)
JayHawk Energy Inc. Spuds Second Well at Crosby Field in North Dakota
JayHawk Energy, Inc. (OTCBB: JYHW) is pleased to announce the spud of the Jenks #1, the second well of the Company’s multi-well vertical development drilling program located at Crosby Field in Divide County, North Dakota. Jenks #1 is located NW of NW section 34-164N-97W. The targeted total depth (TD) of the well will be approximately 6,350 feet and we expect to be at TD in approximately 10 days. The geological zone being targeted is the Madison formation. The Crosby field is located in the Williston Basin.
Element 21 Golf Company (OTCBB: ETGF)
Element 21 Details Initial Dick’s Store Locations to Carry Carrot Stix Rods
ORONTO, March 18, 2010 (GLOBE NEWSWIRE) — Element 21 Golf Company (OTCBB:ETGF) (“Element 21″), the leader in applications of high tech materials in the sports industry announced today that its Carrot Stix(TM) fishing rod will be sold initially in the following Dick’s Sporting Good Stores, which will carry 10 popular SKUs of the Element 21’s Carrot Stix TM fishing rods.
Amico Games Corp. (OTCBB: AMCG)
Amico Games Was Approved to Enjoy 40% Income Tax Reduction
Amico Games Corp. (OTC.BB:AMCG), an information technology company specializing in developing and operating mobile phone multiplayer networked games, today announces that the Company’s Chinese subsidiary, Galaxy Software (Guangzhou) Limited, has been officially approved by the Guangzhou Local Tax Bureau for an income tax rate deduction from 25% to 15% in 2010; a decrease of 40%.
Federal National Mortgage Association (NYSE: FNM)
Drop in Home Sales Underscores Fragile Recovery According to Fannie Mae’s Economic & Mortgage Market Analysis Group
Consumer Spending Shows Promise Despite Low Levels of Consumer Confidence
“The recent growth in consumer spending is a positive sign for first quarter gains. However, anxiety over job and income prospects continues to weigh on consumer confidence which will likely lead to moderate spending growth in the coming quarters,” said Fannie Mae Chief Economist Doug Duncan. “Strengthening growth in the service sector and more favorable financial conditions overall keep us optimistic that we are moving forward with the recovery, albeit at a lower trajectory than previously forecast.”
About SmallCapVoice.com
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