Austin, TX 10/19/2009 10:48:25 PM
News / Business

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

Stocks trend higher although some earnings reports signaled that companies are still having a hard time boosting revenue

Toymaker Hasbro Inc., like many other companies, reported its third-quarter earnings rose as it cut costs, but said that its revenue fell. Gannett Co., the country's largest newspaper publisher, also had a profitable quarter even with another big decline in ad revenue.

 

Apple Inc. and Texas Instruments Inc. are scheduled to release earnings after the closing bell.

 

Investors are anxious to see whether companies from a range of industries fared better in the quarter than banks did.

 

Disappointing earnings from Citigroup Inc. and Bank of America Inc. chilled some of investors' optimism last week. Their results showed that loan losses remain high meaning consumers and businesses are having trouble paying their bills.

 

Traders who last week sent the Dow over 10,000 for the first time in a year, questioned whether reports still to be released by hundreds of companies would also point to a lackluster recovering economy.

 

Bond prices mostly fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.43 percent from 3.42 percent late Friday.

 

The dollar fell against other major currencies, while gold prices rose.

 

Light, sweet crude fell 24 cents to $78.29 per barrel on the New York Mercantile Exchange.

 

Yesterday’s Top Performing Small Cap stock:

 

Cellceutix Corporation (OTC BB: CTIX) was a SmallCapVoice.com top performer yesterday closing up over 33% on trading volume of 116,684 shares.

 

Cellceutix Corporation is a preclinical cancer and anti-inflammatory drug developer. Cellceutix owns the rights to seven drug compounds, including Kevetrin, which it is developing as a treatment for certain cancers, and KM-133, which it is developing for the treatment of psoriasis. More information is available on the Cellceutix web site at www.cellceutix.com.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Biomedical Technology Solutions Holdings, Inc. (OTC BB: BMTL)

 

A New Audio Interview with Don Cox, President and CEO of Biomedical Technology Solutions Holdings, is Now at SmallCapVoice.Com. The interview can be heard at http://smallcapvoice.com/blog/10-16-09-audio-interview-with-biomedical-technology-solutions-holdings-inc-otcbb-bmtl.

 

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.

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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