Austin, TX 8/18/2009 10:21:57 PM
News / Business

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

Stocks rebound after sharp drop despite weak housing data, mixed retail earnings reports

Stocks are moderately higher in early trading following gains in overseas markets that were driven by upbeat economic news from Germany. A research institute has reported that consumer confidence is rising in the country, Europe's largest economy.

 

However, there is still much uncertainty in the U.S. The market's gains are being held in check by mixed earnings reports from retailers and a government report showing construction of new homes fell more than expected in July.

 

Earnings results from retailers on Tuesday show American consumers are still wary of spending. Home Depot Inc. joined other retailers in reporting a drop in its sales.

 

The world's largest home improvement retailer said its second-quarter profit fell 7 percent, but its adjusted results beat Wall Street's expectations, as cost cuts partly offset weak revenue. Home Depot also lifted its guidance for full-year earnings.

 

Meanwhile, the Commerce Department reported that construction of new U.S. homes fell 1 percent in July, missing analysts' expectations.

 

Some recovery was to be expected after Monday's big drop, which took the Dow Jones industrials down 186 points. Stocks fell sharply and bond prices soared on growing fears that nervous consumers won't spend enough to lift the economy into recovery.

 

In early trading, the Dow rose 61.52, or 0.7 percent, to 9,196.86. The Standard & Poor's 500 index gained 6.10, or 0.6 percent, to 985.83, while the Nasdaq composite index rose 13.63, or 0.7 percent, to 1,944.47.

 

Yesterday’s Top Performing Small Cap stock:

 

Octus Energy (OTC BB: OCTI) was a SmallCapVoice.com top performer closing up over 18% on trading volume of 23,000 shares.

 

Octus Energy is a smart energy management company headquartered in Davis, California. Octus develops, markets and sells energy-efficient lighting and cooling solutions that enable public sector and private organizations to significantly reduce their energy expenses. The company delivers solutions through OctusSEP (Smart Energy Platform), a turnkey energy savings and demand response management program targeting a $40 billion annual market in the United States.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

GWS Technologies, Inc. (OTC BB: GWSC)

 

A New Audio Interview Featuring Richard Reincke of GWS Technologies, Inc., is Now at SmallCapVoice.com. The interview can be heard at http://smallcapvoice.com/blog/8-17-09-audio-interview-with-gws-technologies-inc-otcbb-gwsc/

 

GWS stands for GreenWindSolar. GWS is an alternative energy technology company focused on developing, marketing, and implementing solar and wind-powered renewable energy products and solutions for various commercial, industrial, and governmental end-users. GWS is also building strategic partnerships with companies that are developing cutting-edge technologies and solutions. By harnessing the power of the wind and the sun, GWS is helping consumers and businesses generate their own clean power, reduce carbon emissions, and become part of the global energy solution.

 

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!

 

About SmallCapVoice.com

SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide.  Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

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