Stocks are reversing an early slide as an increase in consumer confidence boosts hopes for an economic rebound.
The Conference Board says Tuesday its index of consumer confidence rose to 55.9 in January from 53.6 in December. It is the third straight increase and the highest level in more than a year.
Stocks opened lower as China moved ahead with a plan to curb bank lending. The step is aimed at keeping that country's economy from overheating but investors are concerned it could destabilize a global recovery.
The Dow Jones industrial average is up 30 at 10,224. It had been down 30 ahead of the report. The Standard & Poor's 500 index is up 1 at 1,097, while the Nasdaq composite index is up 1 at 2,211.
Yesterday’s Top Performing Small Cap stock:
VitaminSpice (OTC BB: VTMS) was a SmallCapVoice.com top performer yesterday closing up over 9% on trading volume of 86,251 shares
VitaminSpice and Iron Chef have created a co-branded line of spices to be distributed by American Distribution Company (Amdistco.com). The products will be offered in the following multi-packs: Italian Seasoning, Pizza Blend, Desert Pack, and Dinner Blend. Each pack will have two products including the all new Italian Seasoning Spice and the multicolor sprinkles desert topping. The Spices/flavorings have both Iron Chef and VitaminSpice on the labels.
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:
BWI Holdings, Inc. (Pink Sheets: BWIH)
BWI Holdings, Inc. announced the implementation of a new acquisition and expansion model based on the model that was implemented in 2006 and was successful in building Budget Waste Inc., Alberta Canada, into a diversified waste management company in Western Canada.
During 2010, BWIH intends aggressively to explore possible acquisition targets in the Medical Waste and Environmental Waste industries in both the U.S. and Canada.
"While the recent recession and downturn in the economy had a significant effect on our subsidiary, Budget Waste of Alberta, and we've been working through the process of reorganization and are optimistic of a positive outcome," said Jim Can, President and CEO of BWIH. "We know that our approach to consolidating diverse companies within the waste management industry proved successful. We are confident that we can continue this strategy of consolidations in the medical and environmental waste industries in North America. Regardless of the ultimate outcome of Budget Waste in Canada, BWIH intends to pursue quality acquisitions in the coming year in order to build shareholder value."
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