Austin, TX 8/28/2009 10:56:43 PM
News / Business

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

Stocks are mixed as Intel Raises Revenue ForecastRaises Revenue Forecast

Stocks were mixed in early trading Friday as technology shares got a boost from a rosy sales outlook from Intel Corp.

 

Intel shares rose nearly 5 percent, helping to lift the Nasdaq composite index more than 0.5 percent, after the world's largest maker of computer chips said it now expects sales of up to $9.2 billion in the current quarter, up from its previous forecast of as much as $8.9 billion.

 

Intel's upbeat report came a day after computer maker Dell Inc. posted better-than-expected results for its May-July quarter. While Dell's sales continued to fall because of reduced spending by consumers and businesses, the company said it has seen signs of improvement.

 

Despite a rise of nearly 5 percent in the Dow Jones industrials over the past eight days, the market remains cautious. Investors are worried that the market's huge rally this spring and summer, which pushed stocks up more than 45 percent since early March, may have run its course. Trading has been choppy and volume has been light as summer on Wall Street winds to a close.

 

In early trading, the Dow Jones industrial average fell 17.46, or 0.2 percent, to 9,563.17. The Standard & Poor's 500 index rose 0.54, or 0.1 percent, to 1,031.52, while the tech-heavy Nasdaq composite index rose 13.36, or 0.7 percent, to 2,041.09.

 

Yesterday’s Top Performing Small Cap stock:

 

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) was a SmallCapVoice.com top performer closing up over 10% on trading volume of 139,260 shares.

 

A New Audio Interview with Mike Andric, CEO of Green Star Alternative Energy, Inc., is now at SmallCapVoice.com. The interview can be heard at http://smallcapvoice.com/blog/8-26-09-audio-interview-with-green-star-alternative-energy-inc-otcpk-gsae/

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Sunergy, Inc. (OTC BB: SNEY)

 

Sunergy is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin river is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, leaving 60-70% to be recovered by modern mechanical operations.

 

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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.

Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles.  For compensation and complete disclaimer click here.

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