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 Drift as Uncertainty About the Economy Persists
Stocks continue to drift above and below the flatline in early afternoon action as economic headwinds continue to hamper the market. Cisco Systems issued a soft outlook, raising concerns about capital spending, while retailers posted sluggish same-store sales, though shares have turned higher, suggesting the weak reports had been discounted. Elsewhere, MBIA, Inc. will raise additional capital, Prudential and GlaxoSmithKline missed the Street's profit estimate, International Paper beat, and PepsiCo reconfirmed its outlook. In economic news, pending home sales remain in a down trend, and jobless claims dropped less than forecast.
The Dow is off 31.13, or 0.26 percent, to 12,168.97 after fluctuating between gains and losses. Broader stock indicators also edged lower. The Standard & Poor's 500 index fell 1.35, or 0.10 percent, to 1,325.10. The technology-heavy Nasdaq composite index fell 9.45, or 0.41 percent, to 2,269.30.
Government bonds slipped. The 10-year Treasury note's yield was at 3.63 percent, up from 3.60 percent late Wednesday.
The dollar was mostly higher against other major currencies, while gold prices rose
Light, sweet crude oil rose 2 cents to $87.16 a barrel on the New York Mercantile Exchange.
Oil prices appear to be on a gradual decline, so it's possible a slower economy is keeping inflation from accelerating. Still, many market participants are anxious about how much longer the Federal Reserve can continue to lower interest rates given relatively high food and energy costs.
Mindpix is positioned as a powerful and positive media group of companies. Ultraflex Fitness, UltraFlex Medical, Mindpix Production, and Mindpix Development are all actively engaged in 'for profit' productions or projects.
Today’s Hot Stocks to Watch:
Paramount Gold and Silver Corp. is a precious metals exploration company quoted on the AMEX and the TSX under the symbol PZG and listed on the Frankfurt Stock Exchange under the symbol P6G (WKN: A0HGKQ). The Company’s objectives are to explore and develop the San Miguel project, located in
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