Austin, TX 4/17/2009 10:55:14 PM
News / Business

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

Stocks are lower after better-than-expected earnings report from Citigroup and GE

Wall Street struggled to find a direction Friday as investors sorted through better-than-expected earnings reports from banking giant Citigroup Inc. and industrial conglomerate General Electric Co.

Stocks fluctuated in the early going, making modest moves as investors were relieved the reports weren't worse, but were mindful of the weakness that still pervades the financial sector.

Citigroup, considered to be one of the most troubled U.S. banks, reported a quarterly loss of just under $1 billion, less than analysts expected. And before paying preferred dividends, the bank turned a profit of $1.6 billion. A year ago, Citigroup suffered a loss of more than $5 billion.

Meanwhile, General Electric's first-quarter earnings fell 36 percent, hurt by waning sales and a sharply lower profit at its ailing finance arm, GE Capital. But the results exceeded Wall Street's forecasts.

There has been a growing sense on Wall Street that the economy is starting to stabilize. But investors are looking to first-quarter earnings reports for confirmation that business conditions are in fact improving.

 

Yesterday’s Top Performing SmallCapVoice.com stocks:

 

Defense Solutions, Inc. (OTC BB: DFSH) was a SmallCapVoice.com top performer moving up over 21% on trading volume of 630,214 shares.

 

Shares of DFSH have soared 150% this week on strong volume.

 

GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 30% on trading volume of 126,907 shares.

 

GWSC has seen its stock jump 62.5% 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 21% on trading volume of 199,683 shares.

 

Omega Commercial Finance Corporation recently announced 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:

 

Attitude Drink Company, Inc. (OTC BB: ATTD)

 

SectorWatch.biz announces the availability of MarketStats for leading beverage equities in the news and driving markets today. MarketStats offers a perspective on the aforementioned equities and the opportunity for investors to respond with articles, blogs and opinions.

Investors can view MarketStats by visiting: www.SectorWatch.biz -a division of FiSpace.net, a dynamic social networking site for investors.

Today's MarketStats for beverage companies include Attitude Drinks Incorporated (OTC Bulletin Board: ATTD), Hansen Natural Corporation (Nasdaq: HANS), Coca-Cola (NYSE: KO), Pepsico (NYSE: PEP), Jones Soda Co. (Nasdaq: JSDA), and Dr Pepper Snapple Group, Inc., (NYSE: DPS).

Attitude Drinks Incorporated is an innovative, beverage brand development and marketing

company with a focus on introducing healthy, scientifically advanced functional beverages. The company's first drink, Vis Viva(TM), enjoyed a May 2008, New York Metro launch and features Attitude's proprietary and healthful energy formulation. The company's seasoned management team, with extensive experience in developing and marketing milk drinks, has forged alliances with strategic partners in the dairy and beverage industry to develop state-of-the-art, functional milk drinks.

 

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