Austin, TX 2/1/2010 11:38:31 PM
News / Business

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

Stocks are higher as personal income and consumer spending rise

Stock indexes rose early Monday as increases in personal income and consumer spending suggested the economy is slowly recovering.

 

The Commerce Department said personal income increased more than expected in December. Incomes rose by 0.4 percent, the sixth increase in a row and better than analysts' expectation of 0.3 percent growth.

 

Consumer spending increased by 0.2 percent, its third straight monthly gain but less than the increase of 0.3 percent analysts forecast.

 

In corporate earnings news, Exxon Mobil Corp. reported its fourth-quarter earnings fell 23 percent but still beat Wall Street estimates.

 

In early trading, the Dow Jones industrial average rose 81.01, or 0.8 percent, to 10,148.34. The broader Standard & Poor's 500 index rose 9.45, or 0.9 percent, to 1,083.32. The Nasdaq composite index rose 15.06, or 0.7 percent, to 2,162.41.

 

Yesterday’s Top Performing Small Cap stock:

 

Attitude Drinks Incorporated (OTC BB: ATTD) was a SmallCapVoice.com top performer yesterday closing up over 33% on trading volume of 368,000 shares.

 

Attitude Drinks Inc. announced today that it has formed a Scientific Advisory Board comprised of leading scientists, medical, and nutritional consultants to help guide the company as it develops its functional milk based products for athletes of all ages.

 

This exceptional Scientific Advisory Board is lead by Dr. Jeffery Stout, PhD, FNSCA, CSCS who will serve as the board's chairman. Dr. Stout is one of the premier sports scientists and a regular speaker nationally and internationally on the subject of sports and exercise nutrition. In addition, Dr. Stout has published over a 100 research studies and 7 books on nutrition, exercise, and body composition. Joining Dr. Stout on this SAB are: Dr. Hector Lopez, MD, FAAPMR, CSCS who is nationally recognized for applying his diverse background in nutrition, exercise science, sports, musculoskeletal medicine, endocrinology, and metabolism. He is credited for improving, not only the health and quality of life in his patients, but also athletic performance in recreational and elite athletes. Marie Spano, MS, RD, FISSN, CSCS is a sports nutritionist who helps professional athletes with their nutrition game plan. Marie also works in nutrition communications and has written hundreds of magazine and trade publication articles and appeared on NBC, Fox, CBS and ABC affiliates throughout the East Coast. Dr. Martha Garcia, PharmD, JD is a practicing hospital pharmacist and consultant to nutrition companies regarding structure and functional claims. This board will be extremely helpful in communicating the scientific benefits of Attitude Drink Company's new functional milk drinks.

 

A new audio interview featuring Roy Warren, CEO of Attitude Drinks Incorporated, is now at SmallCapVoice.com. The interview can be heard here at http://smallcapvoice.com/blog/1-28-10-audio-interview-with-attitude-drinks-incorporated-otcbb-attd/.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

CrowdGather, Inc. (OTC BB: CRWG)

 

With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather has created a centralized network to benefit forum members, forum owners and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.

 

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