Another wave of corporate mergers has sent stocks higher in early trading Monday.
French drug maker Sanofi-Aventis SA is buying health care products company Chattem Inc. for $1.9 billion, while mining equipment maker Bucyrus International Inc. is buying Terex Corp.'s mining equipment division for $1.3 billion. Meanwhile Dutch auto maker Spyker Cars submitted a new offer to buy Saab from General Motors Co.
Stocks added to modest gains from Friday that followed upbeat earnings reports from business software company Oracle Corp. and BlackBerry maker Research In Motion Ltd.
Trading may be choppy this week as traders take vacation ahead of the Christmas holiday on Friday.
The Dow Jones industrial average rose 86.01, or 0.8 percent, at 10,414.90. The Standard & Poor's 500 index rose 9.97, or 0.9 percent, at 1,112.44, while the Nasdaq composite index rose 18.40, or 0.8 percent, at 2,230.09.
Yesterday’s Top Performing Small Cap stock:
VitaminSpice (OTC BB: VTMS) was a SmallCapVoice.com top performer yesterday closing up over 44% on trading volume of 18,540 shares.
VitaminSpice is uniquely positioned between the $100 billion health food/vitamin supplement industry and the multi-trillion-dollar traditional food industry. A pioneer in the emerging foodceutical industry, VitaminSpice sells vitamin- mineral- and antioxidant-infused spices and food products. Their offerings currently include Crushed Red Pepper, Ground Black Pepper, Sea Salt, Italian Seasoning, Ground Cinnamon and Granulated Garlic. A proprietary micro-encapsulation process keeps the vitamin properties locked inside--even when heated--allowing the food products to retain their full flavor.
Today’s SmallCapVoice.com Hot Stock to Watch:
Vega Promotional Systems, Inc. (OTC BB: VGPR)
In a recent audio interview at SmallCapVoice.com, Michael K. Molen, Chairman of Vega Promotional Systems, Inc., updates shareholders and provides a company progress report. The interview can be heard at http://smallcapvoice.com/blog/12-17-09-audio-interview-with-vega-promotional-systems-inc-otcpk-vgpr/.
Vega Promotional Systems Inc. engages in the production and sale of biofuel products worldwide. The Company manufactures energy efficient pellet fuel made from organic waste by-products. It offers bio-mass and bio-diesel products for power generation units.
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