SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:
Stocks Give Up Early Gains but Microsoft Powers Gains in Tech Stocks
Stocks gave up some of their early gains Friday as investors grappled with rumors that another hedge fund may have run into financial trouble. Word of possible trouble unnerved a market that had moved higher on upbeat profit reports from big names like Microsoft that reported better-than-expected profits and offered a cheery outlook. Caterpillar reaffirmed guidance, alleviating some concerns that perceived US weakness would hurt global sales, and Honeywell issued a forecast that topped expectations.
In midmorning trading, the Dow Jones industrial average rose 16.10, or 0.13 percent, to 12,394.71. The Dow had been up more than 100 points in early trading. Broader stock indicators also gave up their biggest gains. The Standard & Poor's 500 index rose 0.67, or 0.05 percent, to 1,352.74. The technology-heavy Nasdaq composite index, benefiting from the Microsoft report, rose 8.48, or 0.36 percent, to 2,369.40.
Bond prices are mixed. The yield on the benchmark 10-year Treasury note rose to 3.66 percent from 3.64 percent late Thursday. The dollar was mixed against other major currencies.
Investor appetite for Uranium Energy Corp. stock remained enthusiastic in response to the Company’s announcement that it has acquired the Coyote Ranch Project in
Investor’s applauded Paramount Gold and Silver Corp.’s assay results from its first four drill holes in the San Miguel vein of its San Miguel project, in the Guazapares Mining District, Mexico. The assay results are particularly exciting because the ratio of gold to silver is significantly higher than at other portions of the property.
Today’s Hot Stocks to Watch:
HeadsUp Entertainment Inc. a wholly owned subsidiary of HeadsUp Entertainment International Inc. announce last week that registration for all 5 Events of the 2008 Canadian Open Poker Championships will be available through Ticketmaster’s secure online website. Pre-registration has been very strong and HDUP is confident that the Main Event will be sold out quickly. With a large contingent of international poker pros slated to attend, demand has been strong from amateurs across the country wanting to play against their poker idols and potentially become "Television's Next Poker Superstar."
Stratos Renewables Corporation (OTC BB: SRNW) is a SmallCapVoice.com hot stock to watch.
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