Austin, TX 4/16/2009 10:48:10 PM
News / Business

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

Stocks are mixed on bank earnings and mixed economic data

The Dow and S&P 500 lost ground on Thursday as some investors fretted about the quality of bank earnings, which weighed on financial shares, and after a report that IBM was not interested in further negotiations with Sun Microsystems Inc.

 

New U.S. housing starts fell more than expected in March after a surprise surge the previous month, government data showed on Thursday, dealing a blow to hopes that housing market stability was on the horizon.

 

The Commerce Department said housing starts fell 10.8 percent to a seasonally adjusted annual rate of 510,000 units, the second lowest on records dating back to 1959, from February's downwardly revised 572,000 units.

 

New jobless claims fell more than expected for the second straight week, but the number of Americans continuing to receive unemployment insurance benefits rose above 6 million for the first time.

 

Analysts expect the labor market to remain weak for the most of this year, as many employers are reluctant to hire until an economic recovery is well under way. And fresh housing data show the slump in that market, a major factor in triggering the recession, is not yet over.

 

The Labor Department said Thursday that its tally of initial unemployment claims dropped to a seasonally adjusted 610,000 from a revised 663,000 the previous week. That was significantly below analysts' expectations of 655,000 and the lowest level since late January. The four-week average of claims, which smooths out volatility, fell 8,500 to 651,000.

 

Yesterday’s Top Performing SmallCapVoice.com stocks:

 

Attitude Drink Company, Inc. (OTC BB: ATTD) was a SmallCapVoice.com top performer moving up over 28% on trading volume of 1,148,896 shares.

 

SmallCapVoice.com, Inc. announced yesterday that a new audio interview featuring, Attitude Drinks Incorporated is now available. The interview can be heard here at http://smallcapvoice.com/blog/4-8-09-audio-interview-with-attitude-drink-company-inc-otcbb-attd/.

 

Defense Solutions, Inc. (OTC BB: DFSH) was a SmallCapVoice.com top performer moving up over 37% on trading volume of 715,470 shares.

 

Shares of DFSH have soared 100% this week on strong volume.

 

GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 57% on trading volume of 54,747 shares.

 

GWSC has seen its stock climb 24% so far this week on  strong volume.

 

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.

 

Omega Commercial Finance Corp. (OTC BB: OCFN) was a SmallCapVoice.com top performer moving up over 29% on trading volume of 458,342 shares.

 

Omega Commercial Finance Corporation announced yesterday that preliminary proforma numbers estimate the Company's book value to be approximately 86 cents per share.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Alkane, Inc. (Pink Sheets: ALKN)

 

Alkane, Inc. announced today the company’s first commercial product, Monster Diesel™. Monster Diesel™ is a diesel fuel additive designed to significantly increase engine power and miles per gallon, while eliminating engine knock and decreasing engine wear and harmful emissions. 

 

Alkane, Inc. has effectively made a premium grade of diesel in a concentrate so powerful, that it is portable. A quart of concentrated Monster Diesel™, when added to an 18-wheeler’s two tanks of regular diesel, essentially creates premium grade diesel fuel.

 

In the United States, some 10+ million vehicles, including diesel powered trucks, buses and boats consume 24 billion gallons of fuel at a cost of $50 billion annually. There are a variety of diesel additives to address one or more of the challenges common to diesel powered engines: fuel mileage, engine power, gelling, deicing, and engine wear. None, however, offer as comprehensive, cost-effective a solution as Monster Diesel™.

 

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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.

Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles.  For compensation and complete disclaimer click here.

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