Wall Street is moving higher following a better-than-expected reading on the service sector. The Institute for Supply Management reported that the service sector contracted at a slower pace in January than economists had been expecting.
The Street digests more gloom on the corporate earnings front and continues to grapple with the impact a stimulus package that is being hammered out on Capitol Hill will have on loosening lending in financial markets and blunting the global recession. On the equity front, Kraft Foods missed profit projections and lowered its outlook, Costco Wholesale Warned, and Time Warner and Walt Disney came up short of the Street's earnings forecasts.
Yesterday’s Top Performing SmallCapVoice.com stock:
Green Earth Technologies (OTC BB: GETG) was yesterday’s SmallCapVoice.com top performer moving up over 32% on trading volume of 111,978 shares.
Today’s SmallCapVoice.com Stock to Watch:
Omega Commercial Finance Corp. (OTCBB: OCFN) is today’s hot stock to watch.
Omega Commercial Finance Corporation announced that its current balance sheet reflects an increase of $8,434,845 in assets due to its previously announced acquisition of its luxury casino cruise ship the "Omega Royale." This increase encompasses the partial allocation of substantiated assets from its cruise ship onto its balance sheet.
Based upon the current amount of shares outstanding the Company estimates a current shareholder book value of 30 cents per share.
A full version of the press release can be viewed at:
http://finance.yahoo.com/news/Omega-Commercial-Finance-prnews-14233476.html
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