Austin, TX 4/30/2009 11:34:05 PM
News / Business

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

Investors drive stocks higher on heels of better economic and earnings news.

In a welcome surprise for Wall Street on Thursday, the Labor Department said initial claims fell last week by 14,000 to 631,000. Economists had predicted an increase.

Thursday's readings bolstered investors' growing belief that the U.S. economy, while not yet healthy, is nearing a bottom. The stock market surged more than 2 percent Wednesday after the Federal Reserve said the contraction appears to be slowing.

Investors know the stock market usually rebounds before the economy does, and they do not want to miss out on a rally. The Dow Jones industrial average is already up 25 percent from its 12-year low in early March.

Earnings reports have also been beating expectations over the past few weeks. On Thursday, many companies reported profit declines -- including Dow Chemical, Newell Rubbermaid and Newmont Mining -- but their results topped analysts' forecasts. And Motorola Inc.'s first-quarter loss was smaller than analysts predicted.

In early trading, the Dow Jones industrial average rose 82.91, or 1 percent, to 8,268.54.  Broader stock indicators also rose. The Standard & Poor's 500 index rose 7.86, or 0.9 percent, to 881.50, and the Nasdaq composite index rose 20.93, or 1.2 percent, to 1,732.87.

 

Yesterday’s Top Performing SmallCapVoice.com stocks:

 

Defense Solutions Holding, Inc., (OTC BB: DFSHE) was a SmallCapVoice.com top performer moving up over 11% on trading volume of 175,458 shares.

 

Defense Solutions Holding, Inc. is headquartered in Exton, PA with branch offices on four continents. Established in 2001, Defense Solutions' founding corporate philosophy is to deliver the world's best solutions for our service members who deserve the best equipment, technology, and training, in performing their jobs with minimal risk to their lives and well being.

 

Defense Solutions maintains exclusive agreements with various countries to deliver world-class technologies to U.S. and allied nations. Defense Solutions' principal offerings include new production and retrofit of armored vehicles, spare parts, and ammunition, supported by integrated logistics, training, and maintenance solutions.

 

Lifespan, Inc., (Pink Sheets: LSPN) was a SmallCapVoice.com top performer moving up over 27% on trading volume of 170,000 shares

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

American Green Group, Inc.  (Pink Sheets: AMNE) 

 

American Green Group, Inc. announced that its wholly owned subsidiary Eco Built Systems, Inc, d/b/a Paradigm Polymers has hired Michael A. Keegan as the new Director of Sales and Marketing for all products offered through Paradigm.

 

Mr. Keegan spent 25 years at GlasCraft Equipment most recently as Sales and Marketing Director, where he grew GlasCraft's annual sales totals from $2 million to $18 million while managing 3,500 accounts. During his time at GlasCraft, Mr. Keegan built the company's international market presence to 50% of the total annual sales.

 

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