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 Slide on Continued Worries at Citigroup and a Weak Forecast from Intel
Financials are feeling more pressure after a sovereign wealth fund and Merrill Lynch warned of more troubles ahead for Citigroup, while technology companies are lower after Intel said that falling prices for flash memory chips will pressure its gross margin. Elsewhere, Fed Chairman Bernanke said bankers need to take more vigorous actions to head off foreclosures.
The Dow Jones industrial average fell 103.96, or 0.85 percent, to 12,154.94.
Broader stock indicators also dropped. The Standard & Poor's 500 index fell 9.96, or 0.75 percent, to 1,321.38, while the Nasdaq composite index fell 18.68, or 0.83 percent, to 2,239.92, reflecting concerns about the high-tech sector following Intel's news.
Bond prices edged higher. The yield on the benchmark 10-year Treasury note dipped to 3.55 percent from 3.56 percent late Monday.
The dollar fell against most other major currencies, while gold prices rose.
Light, sweet crude rose 5 cents to $102.50 a barrel on the New York Mercantile Exchange.
Monday’s Top Performing SmallCapVoice.com stocks:
`With the recent volatility and explosion of interest in Chinese Mobile Technology plays, market intelligence is critical,'' stated Stuart Smith, CEO of financial courier SmallCapVoice. ``Smart investors are aggregating interest from across the peer group, ever mindful of new opportunities, and with an eye on a seemingly bright future.''
A report and profile featuring emerging issues within the Chinese Mobile Technology sector has been released by SmallCapVoice and is now available online to the investing public. The report will provide investors with detailed information regarding Mobile Entertainment and address information important to this industry and investors of companies including China Mobile Communications Corporation (NYSE: CHL) China United Telecommunications Corporation (NYSE: CHU) and All Asia Licensing, Inc. (Other OTC: AASI)
Today’s Hot Stocks to Watch:
SmallCapVoice.com, Inc. today announced that a new audio interview with featured guest, Anthony Lee, President and CEO of All Asia Licensing is available at SmallCapVoice.com. Mr. Lee stopped by to give the SmallCapVoice.com listeners an overview of the Company’s exciting market opportunities and business model, as well as a Company outlook for 2008. The interview can be heard here at http://www.smallcapvoice.com/aasi/aasi-3-3-08.php.
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About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Contact:
Stuart T. Smith
CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
