Austin, TX 9/25/2009 10:04:15 PM
News / Business

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

Stocks are mixed amid weaker-than-expected durable goods and housing report

Stocks are mixed in early trading after a weaker-than-expected report on durable goods orders and a report that new home sales edged higher in August but fell short of economists' expectations touched off new worries about the strength of a recovery in the economy.

 

Investors were disappointed to hear that durable goods orders unexpectedly fell in August. The second drop in three months shows any rebound in manufacturing is likely to be slow.

 

The Commerce Department said orders for goods expected to last at least three years declined 2.4 percent, after increasing 4.8 percent in July. Economists polled by Thomson Reuters, on average, forecast a 0.5 percent increase.

 

The drop was due primarily to a sharp fall in demand for commercial aircraft, a highly volatile portion of the orders report. Even excluding aircraft and other transportation goods, orders were flat in August. Economists had been predicting a rise 0.5 percent in that number as well.

 

The Commerce Department says new home sales edged up 0.7 percent in August after jumping in July.

 

Traders are also watching a meeting of leaders from the world's 20 largest economies in Pittsburgh for indications of how those governments plan to bring about a strong, sustainable recovery.

 

In early trading, the Dow Jones industrial average rose 2.34, or less than 0.1 percent, to 9,709.78. The broader Standard & Poor's 500 index fell 0.60, or 0.1 percent, to 1,050.18, and the Nasdaq composite index fell 6.31, or 0.3 percent, to 2,101.30.

 

Yesterday’s Top Performing Small Cap stocks:

 

GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer yesterday closing up over 3% on trading volume of 68,751 shares.

 

GWS Technologies, Inc., an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, today announced that it has launched an initiative to install solar energy systems in Arizona schools and other state and federal government facilities and has submitted its initial turn-key solar installation proposals. The initiative follows the Arizona Corporation Commission’s recent authorization for the Scottsdale Unified School District to enter into power-purchase agreements for solar systems on two high schools in which the school district will pay a private company for the power.

 

The decision is seen as allowing schools and other government facilities to benefit from incentives offered by utilities since they are not eligible for federal tax credits. Last month, the Commission approved a utility request for $143 million in extra incentives for commercial systems, including schools, bringing the total amount to roughly $220 million that the utility could pay out over the lifetime of the solar installations.

 

Vivakor, Inc. (OTC BB: VIVK) was another SmallCapVoice.com top performer yesterday closing up over 9% on trading volume of 95,474 shares.

 

Shares of VIVK were under heavy accumulation yesterday as more than 95,000 shares traded as compared to its 10-day average of only 5,500 shares.

 

Vivakor an up and coming biomedical/biotechnology company with trans-disciplinary research that develops and acquires products in the fields of molecular medicine, electro-optics, biological handling and natural and formulary compounds, that extend or improve life.

 

The R&D Core at Vivakor (the idea hub) innovates, develops and validates biomedical devices and biotechnologies. Commercialization of Vivakor technologies is accomplished through partnerships with manufacturers and niche-industry marketing and distribution leaders.

 

Vivakor generates revenues through the licensing or sale of its technologies. Vivakor is preparing a portfolio of intellectual properties and subsidiaries. The subsidiaries will focus on the commercialization of technologies developed by Vivakor. More information can be found about Vivakor at www.vivakor.com.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Mantra Venture Group Ltd. (OTC BB: MVTG)

 

Mantra Venture Group Ltd. is pleased to announce the appointment of Mr. Shawn Kim and Mr. John Russell to the board of directors. Mr. Kim and Mr. Russell have extensive experience in finance and technical evaluation (respectively), and will provide invaluable guidance in ensuring the continued success of the company.

 

Larry Kristof, President and C.E.O. of Mantra, comments: "It is with great excitement that we welcome Mr. Kim and Mr. Russell to the board. Both are well respected within our industry and have shown strong leadership skills - making them well suited to lead Mantra." Kristof added: "In the coming months we will be adding even further leadership to the board, including independent directors that are well recognized for their expertise in the green tech sector. The new board will be pivotal as we enter into negotiations with larger corporations, and will ensure that we maintain the high standards and strong reputation that has been established by our performance to date."

 

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