Austin, TX 1/14/2010 2:17:55 AM
News / Business

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

Stocks are mixed as commodities fall

Kraft Foods raised its full-year profit forecast for the second time in two months, but

Stocks gave up early gains and major indexes turned negative led by declines in energy and resource shares as the price of oil and other commodities fell.

 

The early gains in stocks came as traders followed the start of congressional testimony about the financial crisis by heads of Wall Street's biggest banks.

 

Asian markets fell as China's moves Tuesday to curb bank lending stoked concerns that the pace of the global economic recovery may slow. China's actions contributed to a stock slide on Tuesday.

 

In the U.S., investors sold shares of Google Inc. after the Internet search company threatened to withdraw from China. The company said it will no longer censor its search results in the country after finding that computer hackers had led human-rights activists to reveal their e-mail accounts to outsiders. Google's public complaints were a rare show of protest in the country and an about-face for the company that long said it would abide by Chinese laws that block some political and socially sensitive content.

 

Kraft, which is in a hostile takeover fight for candy maker Cadbury PLC, raised its forecast late Tuesday citing strong operating gains.

 

Meanwhile, investors tracked appearances by Goldman Sachs Group Inc. Chairman-CEO Lloyd Blankfein, JPMorgan Chase & Co. CEO James Dimon, Morgan Stanley Chairman John Mack and Bank of American Corp. CEO-President Brian Moynihan before the Financial Crisis Inquiry Commission. It is the first meeting of the bipartisan, 10-member panel, which is investigating the near collapse of the financial system in the fall of 2008.

 

Their appearance comes as public discord over big bank profits and bonuses has the White House considering placing a levy on banks to cover about $120 billion in taxpayer losses from a government Wall Street bailout fund. Opponents say it could jeopardize a recovery by the nation's biggest banks.

 

The Dow Jones industrial average slipped 7.93 points, or 0.07 percent, to 10,619.33. The Standard & Poor's 500 Index fell 1.89 points, or 0.17 percent, to 1,134.33. The Nasdaq Composite Index lost 6.97 points, or 0.31 percent, to 2,275.34.

 

Yesterday’s Top Performing Small Cap stocks:

 

Budget Center Inc. (Pink Sheets: BDGN) was a SmallCapVoice.com top performer yesterday closing up over 30% on trading volume of 92,950 shares

 

Budget Center Inc. announce that the Company’s owned travel website www.budgethotels.com has signed a formal “white paper affiliate” agreement with Hotels Combined Pty Ltd. of Sydney, Australia.

 

As a result of this agreement, the Company launched its new online travel website www.budgethotels.com on Dec. 27, 2009 in partnership with industry giant www.HotelsCombined.com. The travel website now has the ability to connect users with more than 900,000 global hotel deals from over 30 merchants, delivering the “Budget” brand to thousands of customers worldwide. Travel enthusiasts from all over the world will now be able to find the best travel deals delivered in 14 languages and 118 currencies.

 

Budget Center currently ranks #1 on Google search for its travel website www.budgethotels.com. TravelMole, the online community for the travel and tourist industry, recently reported that “Consumers are expected to embrace thrift for the long term and operators need to adapt to this.”

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

GWS Technologies, Inc. (OTCBB: GWSC)

 

GWS Technologies, Inc., an alternative energy company developing renewable energy solutions, announced today that it has begun accepting orders for Excel Dryer, Inc.’s patented XLERATOR® Hand Dryer.

 

"The XLERATOR® is the first hand dryer to achieve GreenSpec approval because it conserves energy and helps facilities qualify for LEED (Leadership in Energy and Environmental Design) credits. It dries hands in one third of the time required by conventional hand dryers and is designed to run on 15-amp service, making it great for retrofit in older buildings, as well as the cleanest, most economical solution for new facilities," said GWS Technologies President Richard Reincke.

 

The XLERATOR® received the prestigious Best New Product – Technology award at the International Hotel, Motel and Restaurant Show, a Top Ten Green Product award from Environmental Building News, and a Citation of Excellence from Buildings Product Innovations Awards. The hand dryer carries a 5 year warranty and installation services are available nationwide.

 

In a New Audio Interview at SmallCapVoice.com, Richard Reincke, CEO of GWS Technologies, Inc., Provides a Significant Progress Report

 

The interview can be heard at http://smallcapvoice.com/blog/1-12-10-audio-interview-with-gws-technologies-inc-otcbb-gwsc/.

 

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
http://www.smallcapvoice.com