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

Wall Street is starting June with a gain, boosted by reports that paint a more upbeat picture of the global economy.

Investors looked past General Motors Corp.'s bankruptcy filing and instead took cues from overseas markets, which surged on Asian and European surveys showing improvements in manufacturing.

The stock rally gained more momentum Monday from better-than-expected reports on the U.S. economy, including manufacturing, consumer spending and construction spending.

Because GM's bankruptcy filing was so well telegraphed in advance, the move did not faze investors.

The government will get a 60 percent stake in GM, and is expected to provide the automaker with an additional $30 billion on top of the $20 billion it has already received to help it restructure. Meanwhile, rival Chrysler LLC, which filed for Chapter 11 protection in April, is expected to emerge from bankruptcy protection this week.

The Dow Jones industrial average announced Monday it is dropping GM as a component after the automaker filed for bankruptcy, as well as Citigroup, in which the government now owns a significant stake. GM and Citi will be replaced with Travelers Cos. and Cisco Systems Inc. next week.

In midmorning trading, the Dow rose 193.95, or 2.3 percent, to 8,694.28. The Standard & Poor's 500 index rose 22.83, or 2.5 percent, to 941.97. The Nasdaq composite index rose 47.69, or 2.7 percent, to 1,822.02.

Yesterday’s Top Performing Small Cap stock:

Octus Energy (OTC BB: OCTI) was a SmallCapVoice.com top performer moving up over 25% on trading volume of 43,000 shares.

Octus Energy is a smart energy management company headquartered in Davis, California. Octus intends to develop, market and sell energy-efficient lighting and cooling solutions that enable public sector and private organizations to significantly reduce their energy expenses. The company intends to deliver solutions through OctusSEP (Smart Energy Platform), a full-scale energy management program.

ZAGG, Inc. (OTC BB: ZAGG) was a SmallCapVoice.com top performer moving up over 8% on trading volume of 424,100 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:

Green Star Alternative Energy, Inc.  (OTC BB: GSAE)

Green Star Alternative Energy, Inc. is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Municipality of Titel. The arrangement allows Green Star to explore the economic viability of the regional wind resources; and upon evaluation, the right to develop wind power and supply the area with clean electricity.

The Municipality of Titel is located in the South Backa District of the Autonomous Province of Vojvodina, Republic of Serbia. The current population is approximately 17,000 people. Titel is of significant interest to Green Star because of its geographical location. Its proximity to the famous Titelski Breg -- the location with the highest number of wind hours in the entire Balkan region -- provides for major wind power potential. Green Star will raise its wind sensor towers in the municipality during the third quarter of this year.

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