Austin, TX 1/25/2010 11:41:12 PM
News / Business

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

Stocks rebound as Fed Chairman Bernanke looks to be reappointed

Stocks rose Monday morning, rebounding from the worst losing streak since the market bottomed last March.

 

The market is bouncing back from a three-day losing streak that saw the Dow Jones industrial average fall 5.2 percent as concerns eased that Federal Reserve Board Chairman Ben Bernanke would be reappointed. Investors had become increasingly worried late last week that he might not be given a second term as head of the Fed.

 

Naming a different Fed chairman than Bernanke, whose term ends Sunday, would have worried investors about how a new leader could reshape monetary policy. With Bernanke in charge, the Fed has repeatedly said it plans to keep interest rates low for the foreseeable future to stimulate the economy -- an action that is supportive of the stock market.

 

Stocks tumbled late last week following a new proposal from President Barack Obama to tighten regulation over the banking sector spooked the market.

 

Overseas markets continued their slide Monday, following the decline in U.S. markets to end last week. Asian shares fell again following concerns about the banking sector. The Bank of China said it plans to raise billions of dollars to replenish capital and meet new government requirements.

 

The Dow Jones industrial average added 59.40 points, or 0.58 percent, to 10,232.38. The Standard & Poor's 500 Index rose 7.62 points, or 0.70 percent, to 1,099.38. The Nasdaq Composite Index gained 11.30 points, or 0.51 percent, to 2,216.59.

 

Yesterday’s Top Performing Small Cap stock:

 

VitaminSpice (OTC BB: VTMS) was a SmallCapVoice.com top performer yesterday closing up over 19% on trading volume of 55,915 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.

 

Market Advisors Research recently initiated coverage of VitaminSpice with a very favorable report and predicts a potential rise in the valuation of the shares to $1.25 based on the continuing developments of the Company's fundamentals.  Click on the following link http://www.stockreportcard.com/article.php?id=152 to review the report.

 

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

General Automotive Corporation (OTC BB: GNAU)

 

General Automotive Company ("GAC") is focused on expanding its operating growth platform through multiple and ongoing acquisitions of successful niche manufacturing companies in the automotive industry. General Automotive's wholly owned subsidiary, OE Source ("OES"), imports and sells hard-to-get auto parts from proprietary sources domestically and abroad, fulfilling critical portions of its customers' supply chain. These customers include large, multi-national distributors. OES specializes in engine management products such as O2 sensors, which is a rapidly growing and government mandated segment of the auto supply industry. General Automotive is also a partner in GreenCell Inc., a joint venture with SenCer Inc, a New York based ceramic technology company. SenCer Inc's advanced ceramics research laboratory has created "Ultra-Temp," a proprietary technology and a potential game changer in multiple automotive products including oxygen sensors, brakes and SOFC fuel cells for powering automobiles.

 

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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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