Austin, TX 10/21/2009 10:16:47 PM
News / Business

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

Stocks are higher as investors found some encouragement from the latest batch of earnings reports

A handful of banks, including Wells Fargo and Morgan Stanley, reported better results for the July-September period Wednesday. However both those banks also reported high loan losses, bringing fresh reminders that the broader economy is struggling even as the financial industry recovers.

 

Last week, Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc. all reported higher credit losses as consumers and businesses struggle to pay off their bills.

 

Many other companies were also reporting third-quarter results, not all of them positive. Continental Airlines Inc. cited lower revenue from business travelers as it reported a loss for the third quarter. Competitor AirTran Airways posted a profit, benefiting from the discount carrier's low costs and focus on domestic routes where it believes it can make money.

 

On Tuesday, United Airlines said it is seeing early signs of a recovery in business travel as it reported a smaller-than-expected quarterly loss.

 

Investors are eager to see whether companies from a range of industries on continue to post better-than-expected earnings. Soft U.S. housing data on Tuesday squelched some of the market's optimism, sending major indexes down about half a percent.

 

The Dow Jones industrial average is up 40.81 points, or 0.4 percent, to 10,082.29.

 

Yesterday’s Top Performing Small Cap stock:

 

China Infrastructure Investment Corporation (NASDAQ: CIIC) was a SmallCapVoice.com top performer yesterday closing up over 16% on trading volume of 105,611 shares.

 

China Infrastructure Investment Corporation, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing in, constructing, operating and managing infrastructure development projects in China. The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China. The Company is actively pursuing additional development opportunities in infrastructure projects, including expressways, electricity, water supply and bio fuel facilities.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Visual Management Systems, Inc. (OTC BB: VMSY)

 

Visual Management Systems, Inc. ('VMS') provides video surveillance solutions to small and mid-size enterprises. VMS's products and services help businesses, government agencies and educational institutions prevent crime, ensure safety, enhance productivity and improve service. Businesses using VMS technology include 7-11, Applebee's, Best Western Hotels, Duncan Donuts, KFC, NAPA, Residence Inn, Taco Bell, TGI Fridays and more. Since its inception, VMS has been committed to developing and implementing industry-leading video security technology at affordable price points.

 

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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