Austin, TX 5/4/2009 11:21:09 PM
News / Business

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

Stocks surge higher on upbeat economic data

Investors are rushing into stocks Monday as surprise increases in pending home sales and construction spending offered the latest signs that the economy is stabilizing.

Investors have been more upbeat about prospects for the economy in the last two months and Monday's reports bolstered the case that the economy's slide could be slowing.

Two new economic nuggets bolstered the case for stocks. Construction spending rose unexpectedly in March after five straight declines, and pending U.S. home sales rose more than expected.

The Commerce Department said construction spending rose 0.3 percent, the best showing since a similar rise last September. Economists surveyed by Thomson Reuters had expected spending to drop 1.5 percent.

Separately, the National Association of Realtors said its index of pending sales for previously occupied homes rose 3.2 percent to 84.6 on strength in nonresidential projects and government building. The report was well ahead of the 82.1 economists had been expecting.

In midmorning trading, the Dow Jones industrial average rose 173.31, or 2.1 percent, to 8,385.72.

 

Yesterday’s Top Performing SmallCapVoice.com stocks:

 

Green Star Alternative Energy, Inc., (Pink Sheets: GSAE) was a SmallCapVoice.com top performer moving up over 51% on trading volume of 19,930 shares.

 

Green Star Alternative Energy is an environmentally conscious, renewable energy producer. The Company is working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation's first developer of wind power. GSAE is focussed on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.

 

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 LLC, has acquired Ecosafe Premium Foam®.

 

Since the announcement of the LOI with Ecosafe, AMNE has been inundated with calls from people wanting to be distributors of Ecosafe. AMNE is holding a seminar in Alabama on Monday, May 4, 2009 with several people interested in becoming a distributor, installer, or wish to purchase a territory for Ecosafe. A territory is defined as a county in a particular State and the cost is determined by population. Currently the Company is negotiating the sale of Broward County, Florida for $250,000. Broward County, Florida has an estimated population of 1.8 million people and 800,000 housing units; once completed this will set the benchmark cost for territories for the rest of the country. There are 3,086 counties in the United States, an average of 62 counties per state.

 

 

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