Austin, TX 7/22/2008 11:10:17 PM
News / Business

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

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 Recover from Earlier Losses

 

Stocks have clawed their way back from early losses amid strength in Caterpillar following better-than-expected earnings, a $4 per barrel drop in crude oil prices, and a rise in defensive issues. Shares were pressured this morning from a batch of weak reports, troubles among the financials, and discouraging outlooks. American Express posted profits well below forecasts, Apple issued a soft outlook, Wachovia cut its dividend and significantly increased its loan loss provision, and Texas Instruments missed and offered tepid guidance.

 

Investors were somewhat encouraged, and the major indexes regained some ground, after oil prices took another big drop after major producers such as Royal Dutch Shell said Tropical Storm Dolly would not likely disrupt operations in the Gulf of Mexico. A barrel of light sweet crude fell $3.95 to $127.11 on the New York Mercantile Exchange.

 

In midmorning trading, the Dow Jones industrial average rose 25.57, or 0.22 percent, to 11,492.91.

 

Broader indexes were down. The Standard & Poor's 500 index fell 1.65, or 0.13 percent, to 1,258.35; and the Nasdaq composite index dropped 2.89, or 0.13 percent, to 2,258.35.

 

In addition to earnings reports, investors also paid close attention to a speech from Philadelphia Federal Reserve President Charles Plosser. He said there could be rate hikes "sooner rather than later" even if employment and financial conditions haven't revived.

 

Higher rates would make some government debt less attractive, and that sent Treasury bonds sharply lower. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 4.07 percent from 4.04 percent late Monday.

 

The dollar was higher against other major currencies, while gold prices rose.

 

Friday’s Top Performing SmallCapVoice.com stocks:

Mega Media Group, Inc. (OTC BB: MMDA) was a SmallCapVoice.com top performer for 7/18/08 closing up over 5% on volume of 13,900 shares.

Heartland, Inc. (OTC BB: HTLJ) was a SmallCapVoice.com top performer for 7/18/08 closing up over 3% on volume of 9,250 shares.

 

Heartland, Inc. announced yesterday that Company has signed a letter of intent to acquire the stock of the Lee Oil Company, Lee’s Food Marts and Lee Enterprises, Inc. The Lee businesses have operations in the states of Virginia, Tennessee and Kentucky with headquarters in Middleboro, Kentucky. The combined Lee companies’ sales exceeded $104 million in 2007. The combined Lee companies meet the criteria established by Heartland’s Board of Directors to pursue acquisitions that have a history of good cash flow in retail and light manufacturing which are located in the central part of the United States.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Organic Alliance, Inc. (Pink Sheets: ORGC) is today’s hot stock to watch.

 

Monday's news from Organic Alliance, Inc. announcing a line-up of doctors to its advisory board certainly signals progress and stature for the promising organic food company. Adding a strong panel of doctors to its Medical Advisory Board is both a necessity and a boon to the company's fortunes.

 

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