Austin, TX 6/10/2009 10:46:52 PM
News / Business

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

Stocks are mixed as oil hits high for the year and Home Depot issues upbeat earnings forecast

 

Stocks are again getting a lift from commodity prices.

 

Most stocks rose Wednesday as the price of oil touched a new high for the year above $71 a barrel and prices for metals and other materials pushed higher.

 

Commodity prices have been rising in recent days, reflecting hopes that economic activity will improve and boost the appetite for basic materials. Weakness in the dollar has also pushed prices higher, because commodities are priced in the greenback.

 

Investors are also cheering comments from Home Depot Inc., which said its full-year earnings may come in better than forecast.

 

In early trading, the Dow Jones industrial average rose 3.84, or 0.4 percent, to 946.27. The broader Standard & Poor's 500 index rose 3.84, or 0.4 percent, to 946.27, while the Nasdaq composite index slipped 1.70, or 0.1 percent, to 1,858.43.

 

Yesterday’s Top Performing Small Cap stock:

 

American Green Group, Inc. (Pink Sheets: AMNE) was a SmallCapVoice.com top performer moving up over 77% on trading volume of 129,282,494 shares.

 

American Green Group, Inc. recently announced that it has a signed a licensing deal with the patent holder of "Infinite R," a revolutionary insulation that could change building around the world.

 

Infinite R controls the temperature differential across the R-value. If the temperature difference can be kept low then the heat flow across any R-value is also kept low. If the temperature difference, sometimes referred to as Delta T, equals zero then zero heat flow occurs. Using this new patented technology, zero heat flow conditions have been witnessed even when large temperature differentials existed between the two spaces

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

GWS Technologies, Inc.  (OTC BB: GWSC)

 

GWS Technologies, Inc., an alternative energy company developing renewable energy solutions, today announced that it has submitted preliminary plans to the Salt River Project Agricultural Improvement and Power District (SRP) to develop a solar farm near the Phoenix-Mesa Gateway Airport in Mesa, Arizona. Because the submission was prior to the June 1, 2009 deadline, when SRP reduced its rebate to $2.25 per watt from $2.50 per watt for commercial solar production, GWS secured the higher rebate for the first phase of the project.

 

GWS will provide equipment and technology integration on the project, with initial cost estimates for solar equipment for the entire project at approximately $30 million. Arizona has recently become a focal point for solar projects because of a climate uniquely suited to solar energy production, as well as the availability of significant state and federal subsidies and billions of dollars in economic-stimulus money earmarked for solar power.

 

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