Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks are holding on to recent gains, buoyed by the latest string of earnings reports.

The day's earnings news was generally positive. Ford surprised the market with a second-quarter profit of $2.3 billion, while drugmaker Wyeth, cigarette maker Philip Morris and candy maker Hershey all raised their profit forecasts for the year.

UPS, however, said its second-quarter profit plunged 49 percent as sales tumbled.

Meanwhile, the government says new jobless claims rose more than expected last week, though the report was distorted by the timing of auto plant shutdowns.

Unemployment insurance claims have declined steadily since the spring, but most private economists and the Federal Reserve expect jobs to remain scarce and the unemployment rate to top 10 percent by year-end.

The Labor Department said Thursday that its tally of initial claims for unemployment insurance rose by 30,000 to a seasonally adjusted 554,000. That was above analysts' estimates of 550,000.

In early trading, the Dow Jones industrial average is up 8 to 8,889. The Standard & Poor's 500 index is up 1 to 955, while the Nasdaq composite index is up 3 to 1,929.

Yesterday’s Top Performing Small Cap stock:

Single Touch Systems, Inc. (OTC BB: SITO) was a SmallCapVoice.com top performer closing up 2% on trading volume of 18,000 shares.

Single Touch Systems, Inc. (SITO) provides wireless operators, consumer brands, and retailers with innovative mobile commerce delivery solutions. Single Touch enables consumers to engage their mobile phones as proxy wallets or brand/retail environments by simply dialing a short branded phone number, or Abbreviated Dial Code (ADC). Single Touch System's ADC platform is customizable to the needs of brands and retailers, creates whatever reporting is required, and facilitates operator direct billing for all services. Abbreviated Dial Codes, Mobile Coupon Platform, Listen Live Now, Mobile Microphone and other programs make Single Touch Systems a leading mobile commerce company to link wireless with on-line and brick and mortar business, leveraging the paradigm shift in how people use their mobile devices. In doing so, Single Touch Systems drives revenue for operators, retailers and brands and streamlines purchasing options for the end user.

Today’s SmallCapVoice.com Hot Stock to Watch:

TIE Technologies, Inc. (Pink Sheets: TTCS)

TIE Technologies, Inc. announced the, the acquisition of selected wireless communications and RFID assets from Architron Systems, Inc.

In a joint collaborative asset exchange TIE Technologies, Inc. has issued 280,000 shares to Architron for $280,000 of communications technology and hardware assets. This acquisition will bring to TIE Technologies new cutting edge radio technologies capable of delivering high speed data, SD/HD video, voice, sensor information, and even robotic controls, through the most challenging environments. This technology is based on one of the most sophisticated patented wireless operating systems and multiplexing hardware capabilities available in the industry.

Edward C. Andercheck, CEO of TIE Technologies commented, "This asset acquisition represents the natural progression of TIE becoming an operating company, with these assets we are building upon our strong science and technology base with products which deliver real customer solutions to complex communications challenges, be it at an airport, a seaport or other critical logistics installations."

TIE Technologies' planned expansion effort this year has included targeted technology asset acquisition and licensing, as well as strategic partnerships in both the telecommunications and IT sectors.

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