Austin, TX 7/29/2009 10:59:16 PM
News / Business

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

Stocks are lower amid mixed earnings reports and a disappointing durable goods report

Stocks are falling in early trading Wednesday as investors grow increasingly wary about the economic recovery.

 

A new report on U.S. factory orders was the latest in a sign that the economy may not rebound as fast as hoped.

 

The stock market's two-week market rally is on hold after earnings reports and the Conference Board's reading on consumer confidence fell short of expectations.

 

Amid investors' growing caution, the markets appeared unmoved by the Internet search deal announced Wednesday between Microsoft Corp. and Yahoo Inc. Traders brushed off gains in overseas markets, which rose on generally positive earnings from leading industrial companies.

 

The Commerce Department says orders to U.S. factories for big-ticket manufactured goods dropped an unexpectedly steep 2.5 percent in June, reflecting the continuing troubles in the auto industry and a steep drop in demand for commercial aircraft. It was the largest drop in five months. Economists were expecting a drop of 0.6 percent.

 

In early morning trading, Dow Jones industrial average fell 67.72, or 0.7 percent, at 9,029.00. The Standard & Poor's 500 index is down 9.21, or 0.9 percent, at 970.41, while the Nasdaq composite index is down 18.20, or 0.9 percent, at 1957.31.

 

Yesterday’s Top Performing Small Cap stock:

 

TIE Technologies, Inc. (Pink Sheets: TTCS) was a SmallCapVoice.com top performer closing up 45% on trading volume of 2,500 shares.

 

TIE Technologies is a systems integration and telecommunications company focused on engineering and delivering innovative solutions for user's needs and challenges within the dynamic global voice, video and data communications markets. The company offers managed IT and telecommunication services to solve a myriad of complex client requirements. Services and solutions include out sourced and internal server, applications hosting, managed hosting and related systems management services, database hosting, content delivery networks, data broadcasting networks, and voice and video solutions providers.

 

Today’s SmallCapVoice.com Hot Stocks to Watch:

 

GWS Technologies, Inc. (OTC BB: GWSC)

 

GWS Technologies, Inc., an alternative energy company developing renewable energy solutions, announced today that it has partnered with Dominion Real Estate Investments LLC, (DREI) to begin development of a 118 acre solar farm in Lubbock Texas.

 

The project could provide power to a planned housing development and federal facilities contiguous to Lubbock Airport. The initial project was designed in conjunction with Texas Tech University. The estimated cost of the entire project is approximately $250 million.

 

South Shore Resources Inc. (Pink Sheets: SSHO)

 

South Shore Resources announced that it has completed secondary testing on the HyProStar Series of Hydrogen Generating Modules.

 

The objective of the additional testing was to further evaluate the impact that the HyProStar Series of Hydrogen Generating Modules has on fuel economy, fuel efficiency and engine emissions.

 

South Shore Resources Inc. is a company engaged in the manufacturing, marketing, sales and distribution of products which are committed to fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive manufacturing industries which are either in development and/or the commercialization stages.

 

To get small cap and OTC stock quotes, company news, and much more please visit http://www.smallcapvoice.com/. Don’t forget to sign up for our complimentary newsletter. Our newsletter comes out once a day in the morning and features great small cap stock news, audio interviews, investor fact sheets on quality small cap stocks and more. We will never share your email address and we use Constant Contact, the industry standard for ethical email distribution. This provider makes it just as easy to opt-out as it is to opt in guaranteed!

 

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