Austin, TX 4/16/2008 11:08:46 PM
Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Upbeat Profits Ignites Wall Street Rally
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:
Upbeat Profits Ignites Wall Street Rally
An upbeat outlook from Intel and a number of favorable earnings reports are helping Wall Street post big gains. Intel's outlook alleviated investor worries that a weak US economy might translate into a soft forecast for the tech bellwether, while better-than-expected profits from Wells Fargo, Coca-Cola, and CSX Corp. are also bolstering spirits. Stocks are also receiving some support from an in-line Consumer Price Index, taking the edge off worries about inflation that followed the surge in wholesale prices reported yesterday. However, housing starts and building permits continue to disappoint. Treasuries are mixed, and world markets are higher.
In late morning trading, The Dow rose 177.58, or 1.44 percent, to 12,540.05. The index is up more than 700 points from its lows near 11,740, reached March 10.
Broader indexes also gained. The Standard & Poor's 500 index rose 19.17, or 1.44 percent, to 1,353.60; and the Nasdaq composite index added 47.59, or 2.08 percent, to 2,333.63.
Bond prices fell as stocks looked more attractive. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.62 percent from 3.57 percent late Tuesday.
Oil prices -- which crossed $114 for the first time on Tuesday -- rose after a government report showed crude-oil inventories fell unexpectedly last week for the second straight period. Light, sweet crude added 50 cents to $114.29 a barrel on the New York Mercantile Exchange.
Gold prices rose, and the dollar was mostly lower against other major currencies.
Tuesday’s Top Performing SmallCapVoice.com stocks:
MSE Enviro-Tech Corp. (Pink Sheets: MEVT) was a SmallCapVoice.com top performer for 4/15/08 closing up over 23% on trading volume of 34,255 shares.
INCA Designs, Inc. (Pink Sheets: IDGI) was another SmallCapVoice.com top performer for 4/15/08 closing up over 14% on trading volume of 109,823 shares.
Today’s Hot Stocks to Watch:
Finotec Group, Inc. OTC BB: FTGI) is today’s SmallCapVoice.com’s hot stock to watch.
A new audio interview featuring, Myles Wolfson, general counsel to Finotec Group, Inc. is available at SmallCapVoice.com. The interview can be heard here at http://www.smallcapvoice.com/ftgi/ftgi-4-15-08.php. Investors and potential investors can learn more about Finotec Group, Inc. via the SmallCapVoice.com Investor Fact Sheet here http://www.smallcapvoice.com/ftgi/factsheet.html.
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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
