Austin, TX 8/13/2008 12:28:49 AM
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 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:

uKarma Corporation (OTC BB: UKMA) was a SmallCapVoice.com top performer for 8/11/08 moving up over 32% on trading volume of 185,700 shares.

 

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 United States produced about 22 percent of global carbon dioxide emissions, primarily because the U.S. economy is the largest in the world and meets 85 percent of its energy needs through burning fossil fuels.

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 U.S. "energy independent" by using wind power and natural gas powered vehicles has sparked investor interest in green energy stocks. Pickens is sinking billions of dollars into a new wind farm in Texas. It is likely to become the biggest in the world, producing enough power for the equivalent of 1.3 million homes.

 

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