Austin, TX 4/16/2009 12:00:10 AM
News / Business

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Wall Street trades mixed on signs economy is still struggling

Stocks are trading mixed on Intel Corp.'s decision not to provide detailed forecasts for future quarters, although the chipmaker's first-quarter earnings came in well above expectations.

Government data provided further signs of a slowing economy. The Federal Reserve said production at the nation's factories, mines and utilities fell for the fifth straight month in March, matching February's drop and surpassing the 1 percent dip analysts expected. And the Labor Department reported consumer prices fell 0.1 percent last month as a drop in energy prices offset the biggest rise in tobacco prices in more than a decade. It was a better performance than the 0.1 percent rise in the Consumer Price Index that economists had expected, but still reflected weaker business activity.

The data, plus corporate news like Intel's are fanning worries in the market that a five-week rally in stocks from early March might have been overdone.

In early trading, the Dow Jones industrial average rose 21.11 points to 7,941.29. Broader stock indicators were mixed. The Standard & Poor's 500 index rose 1.03 points to 842.53, and the Nasdaq composite index, reflecting disappointment about Intel's report, fell 10.03 points to 1,615.69.

 

Yesterday’s Top Performing SmallCapVoice.com stocks:

 

Attitude Drink Company, Inc. (OTC BB: ATTD) was a SmallCapVoice.com top performer moving up over 95% on trading volume of 267,000 shares.

 

Defense Solutions, Inc. (OTC BB: DFSH) was a SmallCapVoice.com top performer moving up over 29% on trading volume of 458,342 shares.

 

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

GWS Technologies, Inc. (OTC BB: GWSC)

 

GWS Technologies, Inc., an alternative energy company developing renewable energy solutions, received national media coverage in an article written by Commercial Property News and produced by Neilson Business Media, a part of the Nielsen Company.

 

The article focuses on GWSC’s alternative energy-themed industrial park in Arizona and highlights the innovative ways in which developers are finding to give industrial development a green twist.

 

On April 2, GWS Technologies Inc. and Sustainable Eco-Green Development Co. announced that they are teaming up to develop the project next to the Phoenix-Mesa-Gateway Airport in Mesa as part of a 900-acre parcel owned by Paragon Properties. A signature element of the GWS Technologies-SEDCO park will be solar power provided by an on-site plant, and the developers plan to make the park a hub for alternative energy companies.

 

GWS Technologies and SEDCO are banking on the growing interest in sustainability to attract a variety of both established and start-up tenants. “There are a lot of ways to be green,” said GWS Technologies CEO Richard Reincke. One strategy will be to draw alternative energy companies from locations like California and Mexico’s border region, as well as local start-ups. The developers want to build an incubator center for alternative energy start-ups.

 

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