Stocks rose on Wednesday, helped by a jump in shares of big manufacturers, including Caterpillar Inc and Boeing Co, while upbeat broker comments on Gilead Sciences Inc lifted biotech shares.
A rise in big-cap technology shares also underpinned the Nasdaq ahead of Apple Inc's quarterly results after the close.
Among other boosts were shares of Caterpillar after a broker upgrade on the stock. After the open the Nasdaq and the S&P 500 had dropped more than 1 percent
The Dow Jones industrial average was up 60.45 points, or 0.76 percent, at 8,030.01. The Standard & Poor's 500 Index added 6.61 points, or 0.78 percent, at 856.69. The Nasdaq Composite Index gained 22.59 points, or 1.37 percent, at 1,666.44.
Yesterday’s Top Performing SmallCapVoice.com stocks:
ZAGG, Inc., (OTC BB: ZAGG) was a SmallCapVoice.com top performer moving up over 10% on trading volume of 381,397 shares.
ZAGG Inc. designs, manufactures, and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide under the brand names invisibleSHIELD™ and ZAGGaudio™. The invisibleSHIELD is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD application of clear protective film covering a device is the first scratch protection solution of its kind on the market, and has sold millions of units. Currently, ZAGG offers over 3,000 precision pre-cut designs with a lifetime replacement warranty through online channels, big box retailers like Best Buy, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories and services to its tech-savvy customer base.
Today’s SmallCapVoice.com Hot Stock to Watch:
Capital City Energy Group, Inc. (OTC BB: CETGE)
Capital City Energy Group, Inc. or “Capital City” announced that its Hotwell Services (“Hotwell”) division had its best quarter in the Company’s history. Hotwell’s revenues for the first quarter ending March 31, 2009 were greater than its total revenues for the entire 2008 year. Hotwell’s first quarter 2009 revenues were up over 50% sequentially versus its fourth quarter 2008 revenues ending December 31, 2008. The division continues to aggressively grow its core business while leveraging its activities within the Capital City group of companies.
New Audio Interview:
SmallCapVoice.com, Inc. announced that a new audio interview featuring SolarBrook Water and Power Corporation (PINK SHEETS: SLRW) is now available. The interview can be heard here at http://smallcapvoice.com/blog/4-21-09-audio-interview-with-solarbrook-water-and-power-corporation-otcpk-slrw/.
George Moore, Chief Executive Officer and President of SolarBrook Water and Power Corporation, stated, “With current and upcoming regulations from the EPA and US government, we feel that our Company is perfectly positioned and we’re excited to have the opportunity to share this news with shareholders through SmallCapVoice.com.”
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