Austin, TX 7/9/2008 10:29:50 PM
News / Business

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

AUSTIN, TX, July 9, 2008 -- 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 Are Slightly Lower as Oil Edges Higher

 

A drop in technology and renewed pressure on financials are weighing modestly on shares as higher oil prices offset any upbeat sentiment from a strong kickoff to the unofficial start to 2Q earnings season from Alcoa. Energy stocks, however, are higher as a rise in crude aids the group. In other news, Mohawk Industries cut guidance, and

Dow component Alcoa reported a 19% drop in 2Q EPS to $0.66, two cents above the Reuters estimate, as revenues of $7.6 billion topped the Street’s view by $400 million.

 

In midmorning trading, the Dow fell 27.93, or 0.25 percent, to 11,356.28.

Broader stock indicators also dipped. The Standard & Poor's 500 index fell 1.26, or 0.10 percent, to 1,272.44, while the Nasdaq composite index fell 10.34, or 0.45 percent, to 2,284.10.

Bond prices edged higher Wednesday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.87 percent from 3.89 percent late Tuesday. There are no major economic reports scheduled for release today.

 

Crude rose 76 cents to $136.80 a barrel on the New York Mercantile Exchange.

 

The dollar fell against other major currencies. Gold prices also slid.

 

Tuesday’s Top Performing SmallCapVoice.com stocks:

The Anviron Holding Company (OTC BB: ANVH) was a SmallCapVoice.com top performer for 7/8/08 closing up over 66% on 91,500 shares.

 

Today’s Hot Stocks to Watch:

 

uKarma Corporation (OTC BB: UKMA) is today’s SmallCapVoice.com’s hot stock to watch.

 

On Tuesday, uKarma saw its trading volume surge 271% over its 10-day moving average.

 

SmallCapVoice.com, Inc. announced yesterday that a new audio interview featuring Bill Glaser, CEO and Founder of uKarma Corporation, is now available at SmallCapVoice.com. Mr. Glaser provides his personal insight into his company’s business model, market and exciting future. As it stands now, the company is vertically integrated with diversified revenue streams and an aggressive acquisition strategy. The interview can be heard here at http://www.smallcapvoice.com/ukma/ukma-7-7-08.php.

 

Capital City Energy Group, Inc (OTC BB: CETG) is another SmallCapVoice.com hot stock to watch.

 

CETG is currently trading up over 7% on over 5 times normal trading volume.

 

On Monday, Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Capital City Energy Group, Inc.

 

Based in Columbus, Ohio, Capital City Energy Group, Inc is an energy company focused on the oil and natural gas industry. Capital City Energy Group has rapidly expanded from being a leader in the design, management, and sponsorship of retail and institutional direct participation energy programs, to becoming one of the few vertically integrated independent oil and natural gas companies. The company's strategy is to continually grow a portfolio of core areas which provide opportunities through drilling, operating, oil field service companies, acquisitions and management of energy assets. This strategy is accomplished through three primary operating focus areas known as the Triad business model. The Triad consists of Principal Investments, Fund Management and Strategic Acquisitions of energy-related companies.

 

 

To get small cap and OTC stock quotes, company news, and much more please visit www.smallcapvoice.com. Don’t forget to sign up for our complimentary newsletter. Our newsletter comes out once a day in the morning and features great small cap stock news, audio interviews, investor fact sheets on quality small cap stocks and more. We will never share your email address and we use Constant Contact, the industry standard for ethical email distribution. This provider makes it just as easy to opt-out as it is to opt in guaranteed!

 

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