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

Stocks are giving up early gains after a twin dose of disappointing housing news.

The government reported that sales of new homes edged up only 0.3 percent in April, a sign that the housing market's recovery likely will be gradual.

The market was also unnerved by news that a record 12 percent of mortgage holders were behind or in foreclosure in the first quarter.

Stocks had been higher after General Motors said it would make a new offer to bondholders if they agreed to support sale of GM's assets to a new company under bankruptcy court protection.

A drop in weekly unemployment claims and an increase in sales of big-ticket manufactured goods had also helped stocks. Buta recovery in housing is crtical for the economy to rebound.

The Dow Jones industrial average is down 38 at 8,262. The Standard & Poor's 500 index is down 5 at 889, while the Nasdaq composite index is down 15 at 1,717.

Yesterday’s Top Performing Small Cap stock:

Alkane, Inc. (Pink Sheets: ALKN) was a SmallCapVoice.com top performer moving up over 80% on trading volume of 30,901 shares.

Alkane, Inc. is dedicated to the development and sales of alternative fuels and additives which reduce the cost of operating and maintaining vehicles. Additional benefits of Alkane, Inc.’s product offerings include positive environmental impact through the reduction of harmful emissions and a lessened U.S. dependence on foreign oil due to a decrease in crude oil dependent diesel fuel consumption. Visit MonsterDiesel.com for more product information, news and analysis, and information on how to order Monster branded products. Monster Diesel™ and its logo are trademarks of Alkane, Inc.

Today’s SmallCapVoice.com Hot Stock to Watch:

Octus Energy (OTC BB: OCTI)

Octus Energy announced the addition of two senior executives to its management team, amplifying the company's pursuit to commercialize its full-scale Smart Energy Platform. Joining the company are Mike McConnell as Manager, Business Development, and John Mattice as Manager, Energy Efficiency Projects.

"Mike and John bring decades of success in the creation, management and leadership of high-tech and energy companies," said Octus CEO Chris Soderquist. "With their participation we intend to catalyze the introduction of the Octus Smart Energy Platform (OctusSEP) and initiate the development of smart energy projects throughout the United States. OctusSEP is being designed to take full advantage of the immediate opportunity to monetize energy efficiency."

McConnell has more than 25 years' experience in high technology. He was a founder and served as CEO and Vice President of Strategic Marketing for KeyEye Communications, a fabless semiconductor company.

Mattice is a seasoned energy industry executive with more than 15 years' experience securing, designing, managing and executing energy efficiency and renewable energy projects. He has managed more than 200 energy projects, including the creation and management of a Pacific Gas & Electric Co. partnership that generated 25-plus energy efficiency projects for PG&E.

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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.

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