Austin, TX 2/3/2010 12:39:23 AM
News / Business

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

Stocks are higher as pending home sales rise in December

Stocks rose modestly Tuesday as investors are betting that upcoming economic reports will show more signs of growth.

 

A report on the housing market in December is expected to show continued improvement in the battered sector. Major indexes rallied Monday following encouraging signs about growth in the manufacturing sector.

 

The shipping heavyweight UPS and candy maker Hershey joined the cast Tuesday of companies to report upbeat earnings.

 

Overseas markets mostly rose following gains in the U.S. on Monday. But Asian markets gave up some gains on speculation that China's government will continue to try and curb runaway lending in an effort to avoid speculative bubbles.

 

Stocks are trying to rally for a second straight day after a week and a half stretch that saw major indexes tumble over concerns about tightening regulations on the banking sector and the sustainability of a recovery.

 

The Senate is holding hearings Tuesday to discuss President Barack Obama's plan to overhaul the banking sector and restrict trading by the nation's biggest financial institutions.

 

In early morning trading, the Dow Jones industrial average rose 20.48, or 0.2 percent, to 10,206.01. The Standard & Poor's 500 index rose 2.30, or 0.2 percent, to 1,091.48, while Nasdaq composite index rose 1.22, or 0.1 percent, to 2,172.42.

 

Yesterday’s Top Performing Small Cap stock:

 

VitaminSpice  (OTC BB: VTMS) was a SmallCapVoice.com top performer yesterday closing up over 6% on trading volume of 54,312 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:

 

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.

 

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.

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