Stocks are rising after a report on retail sales showed consumers are picking up their spending.
The Commerce Department says retail sales rose 1.3 percent in November, more than double the 0.6 percent increase economists had expected. Sales rose 1.1 percent in October.
The report is boosting hopes that consumers are starting to feel more comfortable opening up their wallets after months of building up their savings.
Meanwhile, news that China's exports improved last month is further evidence that the global economy is rebounding.
The Dow Jones industrial average rose 42.70, or 0.4 percent, to 10,448.53. The Standard & Poor's 500 index gained 4.29, or 0.4 percent, to 1,106.64, while the Nasdaq composite index rose 9.01, or 0.4 percent, to 2,199.87.
Yesterday’s Top Performing Small Cap stock:
Vivakor, Inc. (OTC BB: VIVK) was a SmallCapVoice.com top performer yesterday closing up over 22% on trading volume of 1,556,344 shares.
Vivakor, Inc. today announced that it has entered into an exclusive, $5 million license agreement with consumer product specialist, Regeneca International, Inc. (www.regeneca.com). The agreement exclusively licenses to Regeneca distribution rights to a new cutting-edge nutraceutical formulation developed by Vivakor and provides for the development of future formulations by Vivakor for Regeneca. Under the terms of the agreement, Regeneca shall be the exclusive worldwide direct-to-consumer distributor for the current formulation as well as any future nutraceutical formulations offered to Regeneca by Vivakor. Regeneca has committed to purchase from Vivakor a minimum of $5 million in product over the next three years and Vivakor will receive a 15% ownership interest in Regeneca's outstanding common stock and will be the exclusive supplier of the licensed product to Regeneca.
Today’s SmallCapVoice.com Hot Stocks to Watch:
Rival Technologies Inc. (OTC BB: RVTI)
Rival Technologies Inc. is pleased to announce it has signed the financing agreement previously announced November 11th 2009 with no dilution to existing shareholders.
The investment group led by Bridge Gap Konsult based in Calgary, Canada will provide project financing as detailed below over the course of the next 36 months. Funds from the non-recourse agreement will be advanced over three stages for continuous development of the TRU process from pilot to production.
The first stage, USD $6 million, is assigned to engineer, fabricate and operate, the previously announced one Barrel per day (Bpd), continuous feed pilot plant. Upon successful completion of Stage One, a further USD $16 million will be provided to engineer, fabricate and operate a Stage Two demonstration plant. The company is excited about the future prospects for the TRU process and will immediately begin to explore options available to it for securing a farm-in or strategic industry partner for the minimum fifteen Bpd demonstration facility.
Biomedical Technology Solutions (OTC BB: BMTL)
BioMedReports.Com, the news portal which covers Wall Street's biomedical sector and delivers financial and investment intelligence to a community of highly informed investors, is reporting that Biomedical Technology Solutions' (OTC.BB:BMTL - News) medical waste disposal equipment presents small cap investors a great opportunity to get into the growing regulated medical waste sector which sees stocks trade at up to 25 times earnings (as compared to more typical 3 to 4 times earnings found in other sectors of the market).
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