Austin, TX 6/4/2009 1:37:13 AM
News / Business

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

Stocks slide on worse-than-expected data on factory orders, services

Investors sent stocks sharply lower Wednesday after data on factory orders and the services industry came in below expectations.

 

The decline broke a four-day advance, and many analysts said a pullback was due after the strong rise since last week. Market indicators fell about 1 percent, including the Dow Jones industrial average, which lost 94 points.

 

The Commerce Department said factory orders rose 0.7 percent in April, the second gain in the past three months, but the increase fell short of analysts' expectations.

 

Also a trade group reported that the services sector shrank in May at the slowest pace since October. However that indicator also came in below economists' estimates and marked the eighth straight monthly decline.

 

Comments from Federal Reserve Chairman Ben Bernanke in front of Congress did little to reassure the market. Bernanke said the government needed to figure out a way to ease its massive debt load, and that failing to do so could undermine efforts to restore the economy to health.

 

In early morning trading, the Dow Jones industrial average fell 93.43, or 1.1 percent, to 8,647.44. The Standard & Poor's 500 index fell 13.83, or 1.5 percent, to 930.91, and the Nasdaq composite index dropped 16.32, or 0.9 percent, to 1,820.48.

 

Yesterday’s Top Performing Small Cap stock:

 

Alkane Inc. (Pink Sheets: ALKN) was a SmallCapVoice.com top performer moving up over 25% on trading volume of 174,710 shares.

 

SmallCapVoice.com, Inc. announced today that a new audio interview featuring, Alkane, Inc. is now available. The interview can be heard here at http://smallcapvoice.com/blog/6-2-09-audio-interview-with-alkane-inc-otcpk-alkn/.

 

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.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Mantra Venture Group Ltd. (OTC BB: MVTG)

 

Mantra Venture Group Ltd. is pleased to announce the appointment of Mr. Shawn Kim as the Vice President of International Business Development.

 

Mr. Kim has nine years experience in the financial industry where he started as a business analyst. After dedicating 3 years to Mackenzie Financial Corporation in Toronto, he moved to AIG in Korea where he successfully implemented a worldwide marketing model and secured new business alliances. In his most recent role, Mr. Kim served as an International Business Consultant with the District of North Vancouver. Mr. Kim graduated from the University of Western Ontario in 1996 with a BA in Administrative and Commercial Studies.

 

Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and, more importantly, socially and environmentally responsible investment for its shareholders.

 

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