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 Sharply Lower Ahead of Bailout Vote
Stocks sharply lower ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies.
Wall Street is fearful the government's plan to buy up toxic debt wouldn't be sufficient to resuscitate nearly frozen credit markets.
Investors also reviewed the buyout at Wachovia. The Federal Deposit Insurance Corp. said Monday that Citigroup Inc. will acquire Wachovia's banking operations and that the deal protects Wachovia debtholders -- a welcome prospect for investors given the strains in the credit markets. Investors had been worried about Wachovia's stability as it grappled with mounting losses over souring mortgage debt.
Investors appeared to find little reassurance in a move by the Federal Reserve and other countries' central banks to pump money into the world's credit markets. The said it would boost the amount of 84-day cash loans available to
In midmorning trading, the Dow fell 272.72, or 2.45 percent, to 10,870.41 after having been down more than 350.
Broader stock indicators also fell. The Standard & Poor's 500 index declined 41.31, or 3.41 percent, to 1,171.96, and the Nasdaq composite index fell 92.36, or 4.23 percent, to 2,090.98.
The dollar was mixed against other major currencies, while gold prices rose.
Light, sweet crude fell $6.60 to $100.29 on the New York Mercantile Exchange.
Friday’s Top Performing SmallCapVoice.com stocks:
Seven Arts Pictures plc (Seven Arts) announced the delivery of Drunabout directed by Bob Meyer, and starring John Malkovich and John Goodman. Initial revenues on the movie will be realized in this fiscal year 2009.
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, has joined with Golden Sheep Power, Inc. (GSPI), a Canadian company headquartered in
GSPI specializes in distribution and sales, installation, civilian training, and marketing and maintenance of wind power systems for residential, commercial, industrial, and agricultural applications, as well as for wind farms. GSPI has placed an initial order for 4kW vertical axis wind turbines and anticipates significant sales growth for SWTs in 2009, with an initial emphasis on residential, commercial, and battery-charging applications.
“We believe that a number of opportunities exist for promotion of the small wind industry in
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