Austin, TX 2/6/2010 1:03:12 AM
News / Business

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

Stocks are lower on mixed signals from jobs report

Stocks fell Friday following mixed news from the Labor Department's monthly employment report. The Dow Jones industrial average dipped below the 10,000 mark.

 

The unemployment rate unexpectedly fell in December to 9.7 percent from 10 percent, even though analysts expected a slight increase.

 

At the same time, however, employers cut 20,000 jobs, more than the 5,000 economists expected, according to Thomson Reuters. The two numbers are calculated from different surveys.

 

The Dow fell 44.51, or 0.5 percent, to 9,957.67 in morning trading. The Standard & Poor's 500 index fell 4.47, or 0.4 percent, to 1,058.64, while the Nasdaq composite index fell 5.73, or 0.3 percent, to 2,119.70.

 

Yesterday’s Top Performing Small Cap stock:

 

Biomedical Technology Solutions Holdings, Inc. (OTC BB: BMTL) was a SmallCapVoice.com top performer yesterday closing up over 29% on trading volume of 27,500 shares.

 

BMTL was lead the medical waste disposal sector as it bucked the trend gaining close to 30% in value while its peers such as SMED and SRCL ended down on day 8.95% and 2.73% respectively.

 

Biomedical Technology Solutions Holdings, Inc., located in Englewood, Colorado sells the Demolizer(R) II through its wholly owned subsidiary Biomedical Technology Solutions, Inc. BMTS' patented Demolizer(R) Technology converts infectious biomedical waste into non-infectious material. BMTS' products provide biomedical waste treatment solutions for the over 1,000,000 low to medium volume medical waste generators in the US and a global market five times larger than the US.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

General Automotive Company (OTC BB: GNAU)

 

General Automotive Company, a North American provider of aftermarket parts and advanced technology for the automotive industry, today announced it has an agreement to acquire privately held S.P.E.C., Inc. The transaction is expected to further position the Company as an organization that capitalizes on both organic growth as well as growth through strategic acquisition.

 

S.P.E.C., Inc., based in Birmingham, AL, is a leading provider of high performance clutches and flywheels to the high performance automotive market. S.P.E.C., which reported unaudited revenue of approximately $5.6 million in 2009, will operate as a wholly owned subsidiary of General Automotive. Additionally, key S.P.E.C. executives will be retained to ensure smooth integration and operational continuity.

 

Dan Valladao, president and CEO of General Automotive said, "The proposed acquisition is a critical milestone in the Company's strategy to acquire established businesses with strong growth and profit potential in the $265 billion automotive aftermarket parts industry."

 

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