Wall Street is opening higher after banking giant Wells Fargo & Co. issued a surprise profit announcement that was far above analysts' estimates.
The Wells Fargo news Thursday is a welcome sign for investors who have been looking for indications that the credit and lending markets are improving.
The market is looking past uneven monthly sales reports from retailers and mixed economic news and sending banks and other shares sharply higher.
In the early going, the Dow Jones industrial average is up 145 at 7,982. The Standard & Poor's 500 index is up 18 to 844, and the Nasdaq composite is up 28 at 1,619.
Yesterday’s Top Performing SmallCapVoice.com stocks:
Omega Commercial Finance Corporation (OTC BB: OCFN) was a SmallCapVoice.com top performer moving up over 33% on trading volume of 50,758 shares.
Omega Commercial Finance Corporation is pleased to announce that the Company through BBB Developments Mexico S de R de CV has signed a letter of intent with KSI Capital to fund a minimum of 25 million dollars for the development of their Los Corales project located in Puerto Penasco, Mexico.
Today’s SmallCapVoice.com Hot Stock to Watch:
Who’s Your Daddy, Inc. (OTC BB: WYDI)
Who’s Your Daddy, Inc. (WYD) announced an endorsement deal with undefeated Heavyweight contender Chris Arreola today. WYD’s announcement comes days before Arreola’s April 11th fight against Heavyweight veteran Jameel McCline at Mandalay Bay Hotel & Casino in Las Vegas. Under the terms of the agreement, Arreola will wear the company’s brand logo on his trunks during the fight. Arreola will also promote the company’s products through the use of his likeness on the company website.
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