Austin, TX 4/17/2008 10:16:24 PM
Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wall Street Flat on Mixed Earnings Reports
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:
Wall Street Flat on Mixed Earnings Reports
Stocks are down slightly in early action after upbeat results from IBM are being offset by a greater-than-expected loss from Merrill Lynch and a profit miss by Pfizer.
In early trading, the Dow Jones industrial average rose 1.22, or 0.01 percent, to 12,620.49.
Broader stock indicators declined. The Standard & Poor's 500 index slipped 0.07, or 0.01 percent, to 1,364.64, and the Nasdaq composite index fell 7.79, or 0.33 percent, to 2,342.32.
The quarterly reports that investors parsed on Thursday were not as auspicious. Nokia, the Helsinki-based cell phone maker, said its profit rose by a weaker-than-expected 25 percent. It also said that its global market share is down slightly. Its U.S. shares fell $4.30, or 12.7 percent, to $29.39.
Government bonds rose slightly in early trading. The 10-year Treasury note's yield, which moves opposite its price, dipped to 3.70 percent from 3.71 percent late Wednesday.
In economic news, the Labor Department reported that initial weekly claims rose by 17,000 to 372,000.
Oil prices continue to hit record highs, and recently surpassed the $115-a-barrel mark. Crude slipped 1 cent to $114.92 per barrel on the New York Mercantile Exchange.
Gold prices rose, while the dollar was mixed against other major currencies.
Wednesday’s Top Performing SmallCapVoice.com stocks:
Silver Dragon Resources Inc. (OTC BB: SDRG) was a SmallCapVoice.com top performer for 4/16/08 closing up over 19% on trading volume of 245,389 shares.
INCA Designs, Inc. (Pink Sheets: IDGI) was another SmallCapVoice.com top performer for 4/16/08 closing up over 27% on trading volume of 425,737 shares.
Today’s Hot Stocks to Watch:
Kraig Biocraft Laboratories, Inc. (OTC BB: KBLB) is today’s SmallCapVoice.com’s hot stock to watch.
A new audio interview featuring, Kim Thompson, CEO of Kraig Biocraft Laboratories, Inc. is now available at SmallCapVoice.com. The interview can be heard here at http://www.smallcapvoice.com/kblb/kblb-4-16-08.php. Investors and potential investors can learn more about Kraig Biocraft Laboratories, Inc. via the SmallCapVoice.com Investor Fact Sheet here http://www.smallcapvoice.com/kblb/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.
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Stuart T. Smith
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512-267-2430
