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 Lower Amid Renewed Concerns About Financial Companies
Wall Street is mostly lower as downbeat news from the financial sector raised more concerns about the ongoing impact of the credit crisis on the economy. Another drop in the price of oil helped subdue some investors.
In midday trading, the Dow Jones industrial average fell 73.11, or 0.62 percent, to 11,709.24.
Broader stock indicators were mixed. The Standard & Poor's 500 index fell 6.99, or 0.54 percent, to 1,298.33, and the Nasdaq composite index rose 1.84, or 0.08 percent, to 2,438.11.
Light, sweet crude fell 90 cents to $113.55 a barrel on the New York Mercantile Exchange. Oil has fallen more than $30 from its July 11 high of $147.27, easing concerns on Wall Street about inflation.
Bond prices rose as stocks fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.93 percent from 4.00 percent late Monday.
The dollar was higher against most other major currencies, while gold prices fell.
Monday’s Top Performing SmallCapVoice.com stocks:
Today’s SmallCapVoice.com Hot Stock to Watch:
GWS Technologies, Inc. (OTC BB: GWSI) is today’s hot stock to watch.
GWS Technologies, Inc., a renewable energy technology company developing and marketing solar and wind-powered alternative energy products and solutions, today announced that it is developing a carbon offset program to help individuals and businesses participate in becoming “carbon neutral” by reducing their “carbon footprint,” which is the total contribution to the carbon dioxide level from such activities as industrial energy consumption, home energy consumption, driving and flying. The program will include a web-based platform to allow individuals and businesses to calculate their carbon footprint and purchase carbon offsets. The company anticipates launching the platform in September 2008.
Carbon offsets are a way for governments, businesses and individuals to pay someone to reduce or remove global warming pollution by investing in alternative energy projects like wind farms or solar power generation. For example, when you buy one ton of carbon offsets, the seller guarantees that one fewer ton of global warming pollution is released into the atmosphere. While the pollution you produce yourself is the same, you get the credit for that one ton reduction (the average American is responsible for about 9.5 metric tons of carbon dioxide emissions annually).
“Since no one can live totally pollution-free, purchasing carbon offsets is a way for people and businesses to really contribute to reducing greenhouse gas emissions globally,” said GWS Technologies President Richard Reincke. “Just like the microgeneration movement, which allows people to generate their own electricity on a small scale, purchasing carbon offsets lets everyone take some personal responsibility for protecting the environment.”
In May 2008 the Energy Information Administration, which provides official energy statistics from the U.S. Government, stated that in 2004 the
The current American carbon market is unique because there is no federal legislation providing a comprehensive framework for carbon management. Experts predict that the North American carbon market could become a $1 Trillion per year market.
Investors have shown a renewed appetite for alternative energy stocks after the announcement last week by Billionaire investor T. Boone Pickens that he sold his entire stake in Yahoo, Inc. and now plans to make the
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