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 Rise On Strong H-P Results in Face of Continued Worries About Financials
Stocks are moving higher as investors contended with renewed concerns about the financial sector and a rise in oil prices but found something to cheer about in an upbeat profit report from Hewlett-Packard Co.
In midmorning trading, the Dow Jones industrial average rose 42.34, or 0.37 percent, to 11,390.89. Concerns about inflation and the financial sector led the Dow to post its worst two-day performance since late June on Monday and Tuesday with an overall drop of about 310 points.
Broader stock indicators also advanced Wednesday. The Standard & Poor's 500 index advanced 5.09, or 0.40 percent, to 1,271.78, while the Nasdaq composite index rose 13.09, or 0.55 percent, to 2,397.45.
But oil, which has rebounded this week after dropping $35 from its July 11 high of $147.27, continued its rise of the past few days. Government reports last week and on Tuesday showed larger-than-expected increases in inflation faced by consumers and companies, raising further concern about the effect of elevated oil prices.
Light, sweet crude rose 97 cents to $115.50 per barrel on the New York Mercantile Exchange after the Energy Department said crude oil inventories rose much more than forecast last week, but gasoline inventories shrank by more than expected.
Monday’s Top Performing SmallCapVoice.com stocks:
Robert G. Pedersen II, President and CEO of ZAGG Inc., is the Featured Guest today in an Audio Interview at SmallCapVoice.com
SmallCapVoice.com, Inc. today announced that a new audio interview featuring, Robert G. Pedersen II, President and CEO of ZAGG Inc., is now available at SmallCapVoice.com. Mr. Pedersen provides his personal insight into the factors that led to the Company’s recently announced 250% increase in year-to-date sales. The interview can be heard here at http://smallcapvoice.com/zagg/zagg-8-19-08.php.
Today’s SmallCapVoice.com Hot Stock to Watch:
GWS Technologies, Inc. (OTC BB: GWSI) is today’s hot stock to watch.
GWS Technologies, Inc., an alternative energy company developing and marketing microgeneration solar and wind-powered renewable energy products and solutions, today announced that it has entered into an agreement with Urban Green Energy, Inc. to distribute its incredibly advanced 2nd generation 4kW vertical axis wind turbine (VAWT), the first in a line which will include several other sizes, including a 1kW VAWT available this fall.
The 4kW VAWT uses composite materials to create a wind turbine that is, according to Urban Green Energy’s CEO Nick Blitterswyk, “quieter than a human whisper” while providing enough energy to power an average American home. “Our second generation line combines functionality and visual appeal,” Mr. Blitterswyk said, “and was designed for peak energy output in an urban environment.”
One of the advantages in placing wind turbines on a residence is the efficiency gained in point-of-use electrical generation. Typically, energy is generated far from where it is used, which requires utilities to build transmission lines to deliver power to the consumer, who may be hundreds of miles away. Not only is energy lost in transmission, but environmental and other groups have blocked the construction of new transmission lines, citing negative effects on the environment.
“This is an aesthetically dazzling product that is remarkably quiet and efficient,” said GWS Technologies Vice President Michael Coskun. “It will help our customers save money while contributing to a cleaner environment.”
Installed wind power grew a staggering 45% in 2007, and the U.S. Department of Energy predicted that the
“The increasing demand for sustainable, non-polluting energy has opened tremendous opportunities for microgeneration products and technologies that let people generate their own clean power,” Mr. Reincke said. “Our goal is to help consumers and small businesses become part of the energy solution.”
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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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.
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