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 Higher As
Wall Street rose moderately Friday as the price of oil extended its decline, falling below $112 a barrel and helping to offset a disappointing report on consumer sentiment.
In late morning trading, the Dow Jones industrial average rose 60.66, or 0.52 percent, to 11,676.59.
The Standard & Poor's 500 index rose 5.92, or 0.46 percent, to 1,298.85, while the Nasdaq composite index rose 8.06, or 0.33 percent, to 2,461.73.
Light, sweet crude dropped $3.55 to $111.46 a barrel on the New York Mercantile Exchange.
Bonds rose modestly. The yield on the benchmark 10-year Treasury note, which moves opposite its price, slid to 3.85 percent from 3.90 percent late Thursday.
The dollar rose against other major currencies.
Gold prices sank below $800 an ounce on the Nymex.
Thursday’s Top Performing SmallCapVoice.com stocks:
Today’s SmallCapVoice.com Hot Stock to Watch:
China Wind Systems, Inc. (OTC BB: CWSI) is today’s hot stock to watch.
China Wind Systems, Inc., supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in
Second Quarter 2008 Highlights and Recent Events
-- Net revenues increased 150.7% year-over-year to $11.2 million
-- Gross profit increased 108.6% year-over-year to $2.8 million
-- Net income increased to $1.4 million, or $0.02 per diluted share
-- Revenue from the forging of rolled rings for the wind power and other
industries grew to $4.1 million. During the comparable quarter of 2007,
the company was in the start-up phase of this business, generating
revenue of $0.03 million.
-- Improved corporate governance with the addition of two independent
directors
-- The Company was added to First Trust Global ISE Wind Energy Index Fund
"FAN"
-- Began installation of equipment for its phase one expansion
"We are very pleased with the exceptional growth reflected in our second quarter results, particularly the increase in our wind-related revenue as we execute on our long-term strategy to seek to become a leading component supplier to the wind power industry in
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