Stocks are paring their gains as unexpected weakness in the service industry stirs worries about the economy’s ability to recover.
The Institute for Supply Management says Thursday its service industry index has fallen to 48.7 in November from 50.6 in October. That’s well below the reading of 51.5 analysts had been expecting and signals contraction in the industry.
Stocks had been higher at the start of trading on a Labor Department report that new claims for unemployment benefits fell unexpectedly for the fifth straight week.
The Dow Jones industrial average is down 3 at 10,450. It had been up 20 ahead of the report. The Standard & Poor’s 500 index is up 1 at 1,110, while the Nasdaq composite index is up 10 at 2,195.
Yesterday’s Top Performing Small Cap Stock:
Biomedical Technology Solutions Holdings, Inc. (OTC BB: BMTL) was a SmallCapVoice.com top performer yesterday closing up over 23% on trading volume of 171,200 shares.
Biomedical Technology Solutions Holdings, Inc., located in Englewood, Colorado sells the Demolizer II through its wholly owned subsidiary Biomedical Technology Solutions, Inc. BMTS’ patented Demolizer Technology converts infectious biomedical waste into non-infectious material. BMTS’ products provide biomedical waste treatment solutions for the over 1,000,000 low to medium volume medical waste generators in the US and a global market five times larger than the US.
GWS Technologies, Inc. (OTC BB: GWSC) was another SmallCapVoice.com top performer yesterday closing up over26% on trading volume of 19,922 shares.
GWS stands for GreenWindSolar. We are 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. We are also building strategic partnerships with companies that are developing cutting-edge technologies and solutions. By harnessing the power of the wind and the sun, we’re helping consumers and businesses generate their own clean power, reduce carbon emissions, and become part of the global energy solution.
Today’s SmallCapVoice.com Hot Stock to Watch:
Solutions Group, Inc. (Pink Sheets: SOLU)
Solutions Group, Inc. and its subsidiary idrive Monitoring Systems announced a partnership with ARI Insurance Company, one of the largest insurance companies in New Jersey supplying commercial and fleet auto insurance. Under the agreement, ARI, who specializes in commercial automobile insurance, has agreed to purchase multiple idrive X1 cameras to supply to their clients over an extended period of time. To cement the relationship, ARI has placed an initial substantial order.
Metatron Inc. (Pink Sheets: MRNJ)
Metatron Inc. announced that its i-Mobilize subsidiary has created and released the first high quality, fully interactive music and video application for the iPhone called the “appTune.”
According to Forrester Research, the market for digital music downloads is expected to grow at a compound annual growth rate of 23% over the next five years, reaching $4.8 billion in 2012. In response to this exploding market, i-Mobilize has made a bold move to claim the top spot on the bleeding edge of music technology with the creation of its new appTune.
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.
Contact:
Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com