Associated Press
Stocks move higher on stronger retail sales report
Stocks rise on stronger retail sales numbers and expectations of Senate vote on tax cuts
NEW YORK (AP) — An upbeat report on retail sales is giving stocks a boost.
All three major indexes moved higher Tuesday after the Commerce Department reported that retail sales rose for the fifth straight month in November. The biggest jump in department store sales in two years gave the holiday shopping season a strong start. Total retail sales increased 0.8 percent in November following a 1.7 percent gain in October.
Wal-Mart Stores Inc., Target Corp. and Amazon.com were all up less than 1 percent in morning trading.
Investors were also encouraged after the Senate voted late Monday to advance the nearly $900 billion tax-cut legislation toward final passage. A vote that would send the proposal to the House is expected Tuesday.
Yesterday's Top Performing Small Cap Stock:
Madison Ave. Media, Inc. KHZM
Madison Ave. Media, Inc. was a SmallCapVoice.com top performer closing up over 6% on trading volume of 91,283 shares.
Madison Ave. Media is an advanced digital media company that offers a differentiated and competitive array of marketing technologies and services to clients in multiple industries. Their technology and services bring advanced, highly productive marketing, communications and advertising solutions to clients. And their services address the complete digital media value chain, combining the best practices of traditional media support with the power of technology.
Today's SmallCapVoice.com Hot Stock to Watch:
Energy & Technology Corp. ENGT
As the holding company of Technical Industries, Inc., Energy Pipe, LLC. and Energy Technology MFG & Threading LLC., Energy & Technology, Corp. is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, linepipe, drillpipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, engineering, non-destructive testing, storage, maintenance and other products, and services.
Other Small Cap News
EDAP TMS SA EDAP
EDAP Receives South Korean FDA Approval for Sonolith i-move Lithotripter
Strengthens Leading Position in Second Largest Asian Lithotripsy Market
LYON, France, Dec. 13, 2010 (GLOBE NEWSWIRE) — EDAP TMS SA EDAP, the global leader in therapeutic ultrasound, reported today the approval of its new lithotripter Sonolith i-move by South-Korean Food and Drug Administration (KFDA).
Pressure BioSciences, Inc. PBIO
Pressure BioSciences, Inc. Announces the Release of Key Products Targeted Primarily at the Drug Discovery and Development Market
SOUTH EASTON, Mass., Dec. 13, 2010 (GLOBE NEWSWIRE) — Pressure BioSciences, Inc. PBIO (“PBI” and the “Company”) today announced the release for sale of three novel products targeted primarily for the drug discovery and development market. The new products were released at the 50th Annual Meeting of the American Society for Cell Biology (“ASCB”) in Philadelphia, which began on Sunday December 12, 2010.
S1 Corporation SONE
S1 Announces a Global Payments Processing Agreement With PayPal and Multiple Person-to-Person Wins
NORCROSS, Ga., Dec. 14, 2010 (GLOBE NEWSWIRE) — S1 Corporation SONE, a leading global provider of payments and financial services software solutions, today announced an agreement with PayPal to develop and deploy payment solutions directly integrated into online and mobile banking platforms.
CECO Environmental Corp. CECE
CECO Environmental Announces New $1.5 Million Order
CINCINNATI, Dec. 14, 2010 /PRNewswire/ — CECO Environmental Corp. CECE, a leading provider of air pollution control and industrial ventilation systems, announced today that it has received a new order for $1.5 million from a Canadian refinery.
China Botanic Pharmaceutical Inc.China Botanic Pharmaceutical Inc. (NYSE Amex: CBP)
China Botanic Achieves Three Million RMB Sales of New Product
HARBIN, China, Dec. 14, 2010 /PRNewswire-Asia-FirstCall/ — China Botanic Pharmaceutical Inc. CBP (“China Botanic” or the “Company”), a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines (“TCM”), today announced that as of fiscal year ending October 31, 2010, the Company's new all-natural anti-depressant and nerve regulation product – Compound Schisandra Tablets (“Schisandra Tablets”), a single plant based medicine, has achieved sales of RMB 3.0 million (or $0.5 million) since its launch in July 2010. The sales are in line with management's original estimates.
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