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 Down Sharply on Unemployment and Factory Reports
Stocks fell at the opening, then gathered downward momentum after the government reported that the number of people seeking unemployment benefits rose last week and that demand at the nation's factories has fallen by the largest amount in nearly two years.
The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.67 percent from 3.74 percent late Wednesday.
The Dow fell 302.42, or 2.79 percent, to 10,528.65. The blue chips plunged nearly 778 points Monday, logged a partial rebound Tuesday and finished moderately lower Wednesday.
Broader stock indicators also fell Thursday. The Standard & Poor's 500 index fell 36.67, or 3.16 percent, to 1,124.39, and the Nasdaq composite index fell 66.77, or 3.23 percent, to 2,002.63.
The Labor Department's report that initial claims for unemployment benefits rose by 1,000 last week to a seasonally adjusted 497,000 unnerved investors worried about not only about strains in the financial market but also the effect on the broader economy.
Tuesday’s Top Performing SmallCapVoice.com stocks:
Daniel R. Coffee was recently named as President of Capital City Energy Group, Inc. As President, Coffee provides the leadership necessary to position the company at the forefront of the oil & natural gas industry.
Coffee joined the firm in 2007 as Chief Operating Officer. He was responsible for locating and analyzing oil & natural gas companies for acquisition, in addition to the acquisition of oil & natural gas properties for the company’s portfolio and for the Capital City Energy Funds. Coffee is also the CEO of Eastern Well Services LLC, a subsidiary of Capital City Energy Group. Eastern Wells Services provides oil & natural gas companies with wireline, fracturing, cementing, logging and testing services.
For the past 10 years, Coffee worked at Superior Well Services LTD (SWSI) as Manager of Business Development and Corporate Acquisitions, Wireline Division Manager and Corporate Radiation Safety Officer.
Today’s SmallCapVoice.com Hot Stock to Watch:
Seven Arts Pictures plc (OTC BB: SAPXF) is today’s hot stock to watch.
Seven Arts Pictures plc announced the appointment of Philip Kendall as Non-Executive Chairman as of September 2008. Mr. Kendall has a wealth of experience in the global capital markets arena, having spent some thirty years on Wall Street and in the City of
Seven Arts Pictures plc also announced last week the delivery of Drunkboat directed by Bob Meyer, and starring John Malkovich and John Goodman. Initial revenues on the movie will be realized in this fiscal year 2009.
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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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