Austin, TX 4/21/2009 10:30:20 PM
News / Business

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

Stocks are lacking any real direction amid lackluster earnings reports

Investors traded stocks cautiously Tuesday as lackluster corporate results renewed questions about how quickly the economy can recover from the recession.

Wall Street fluctuated in the early going as traders watched bank stocks for signals about the market's direction. Some back and forth was to be expected after heavy selling Monday and a flurry of corporate comments about the economy.

Bank of New York Mellon Corp., Caterpillar Inc. and drugmaker Merck & Co. posted results or issued forecasts Tuesday that fell short of what the market expected. Wall Street is uneasy because analysts had set expectations low after a bruising January that saw fourth-quarter results short-circuit a stock market rally.

Bank of New York Mellon's first-quarter earnings fell a steeper-than-expected 57 percent. The company said it was slashing its dividend to shore up capital. The stock fell $3.46, or 12.3 percent, to $24.57.

Construction equipment maker Caterpillar posted better-than-expected earnings but reduced its forecast. The stock fell $1.29, or 4.2 percent, to $29.19.

Merck reported a 57 percent drop in first-quarter earnings because of a fall in both sales of its drugs and income from its partnership on cholesterol medicines. Merck fell $1.98, or 7.8 percent, to $23.24.

In the first hour of trading, the Dow Jones industrial average fell 5.50, or 0.1 percent, to 7,836.23. Broader stock indicators were mixed. The Standard & Poor's 500 index slipped 0.26, or less than 0.1 percent, to 832.13, and the Nasdaq composite index rose 8.97, or 0.6 percent, to 1,617.18.

 

Yesterday’s Top Performing SmallCapVoice.com stocks:

 

GWS Technologies, Inc.,  (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 25% on trading volume of 15,569 shares.

 

GWS is an alternative energy company developing renewable energy solutions. A “green” wave of emerging environmental regulations, and government-wide “green” initiatives, are changing the way consumers, the commercial sector, and states, counties and municipalities, do business. The company was founded in 2005 and is headquartered in Scottsdale, Arizona.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Dana Resources (OTC BB: DANR)

 

Dana Resources, a US-based precious and base metals exploration company with advanced stage gold properties in Peru, is pleased to announce that they have acquired a 100% interest in the claim known as the Las Horquetas Project, in Peru.

 

Las Horquetas is a copper-gold porphyry prospect and is located in northern Peru. The project covers a 2,223 acre area and lies approximately 120 kilometers northeast of the city of Piura in the District of Las Lomas. The property is situated in the same copper-gold belt as the world famous Tambo Grande deposits (gold, copper and zinc) to the south west.

 

Dana Resources is planning to continue the geophysical study of the area and will complement the study with additional drilling.

 

Dana Resources considers this volcanic belt (Lancones Basin), formed by the intrusion of ganodiorite to have considerable potential to be a profitable copper-gold project.

 

With some of the richest mineral reserves in the world, Peru is one of the highest producing countries of precious & base metals in Latin America. Previously inaccessible regions are now becoming available through modern technology and equipment, making the high diversity of marketable minerals an extremely attractive prospect. Peru holds about 16 per cent of the world's known mineral reserves.

 

To get small cap and OTC stock quotes, company news, and much more please visit http://www.smallcapvoice.com/. Don’t forget to sign up for our complimentary newsletter. Our newsletter comes out once a day in the morning and features great small cap stock news, audio interviews, investor fact sheets on quality small cap stocks and more. We will never share your email address and we use Constant Contact, the industry standard for ethical email distribution. This provider makes it just as easy to opt-out as it is to opt in guaranteed!

About SmallCapVoice.com

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.

Contact:

Stuart T. Smith

CEO

512-267-2430

ssmith@smallcapvoice.com
http://www.smallcapvoice.com