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

A surprise jump in durable goods data is helping to boost stocks ahead of the Federal Reserve's decision on interest rates.

Investors were upbeat about a Commerce Department report Wednesday saying durable goods orders rose 1.8 percent in May. Economists surveyed by Thomson Reuters had anticipated a decline.

The major indexes rose more than 1 percent, even as the Commerce Department later said sales of new homes fell 0.6 percent last month. The market had expected a rise.

The gains come as investors wait for the Fed to finish its two-day meeting on monetary policy. The central bank's statements this year have tended to bring big moves in the stock and bond markets. The central bank is widely expected to leave its key rate unchanged at a range of zero to 0.25 percent, but investors are less sure about its outlook for the economy.

Recent gauges of the economy have been improving, but they have not yet pointed to actual growth. Many investors are nervous that a recovery could be hampered if the Fed raises interest rates too soon or starts dismantling its emergency supports for the financial system.

In late morning trading, the Dow Jones industrial average rose 91.37, or 1.1 percent, to 8,414.28. The Standard & Poor's 500 index rose 12.72, or 1.4 percent, to 907.82, and the Nasdaq composite index rose 34.58, or 2 percent, to 1,799.50.

Yesterday’s Top Performing Small Cap stock:

GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 9% on trading volume of 145,286 shares.

GWS Technologies, Inc., an alternative energy company developing renewable energy solutions, announced today that it is establishing an advisory board to guide the development of its alternative energy projects.

“The addition of subject matter experts in the fields of real estate financing, alternative energy and manufacturing will enable us to take advantage of opportunities for solar development in the Southwest, including more direct participation in developing solar farms,” said GWS President Richard Reincke.

Christopher Cota of Hermosa Beach, California is the first appointment announced by the company. Mr. Cota brings specialized expertise in commercial real estate acquisition and development financing, as well as electronic component and electronic manufacturing services.

Last week GWS Technologies announced plans for a new solar farm in the Phoenix area as well as that it has partnered with Dominion Real Estate Partners, Inc. (DREP) to provide solutions and technology integration on alternative energy projects in Texas and Arizona.

The market reacted strongly to both press releases driving GWSC significantly higher on strong volume. The recent breakout in price and volume for GWS Technologies continues to garner serious market attention.

Today’s SmallCapVoice.com Hot Stock to Watch:

Alkane, Inc. (Pink Sheets: ALKN)

Alkane Inc. has been rated Speculative Buy with a price target of $0.15 by Beacon Analyst, Lisa Springer, CFA.

In the report, the analyst writes, “The Company introduced its first commercial product, Monster Diesel™ in April 2009. Monster Diesel is a patent-pending total fuel additive that boosts diesel fuel to premium levels and improves power and fuel efficiency, thereby reducing overall fuel costs for truckers, boaters, farmers, fleet operators and residential heating applications.”

Beacon analysts note ALKN’s recent partnerships, boosting the company’s presence in the marketplace, “The Company is creating visibility for its product by partnering with the Maryland Motor Truck Association (MMTA) as the Title Sponsor of the 2009 Maryland State Truck Driving Championships. ALKN also exhibited at the 2009 National Biodiesel Conference & Expo, recently held in San Francisco, where it won rave reviews for its product. In addition, the Company is partnering with Tilghman Oil, which is blending Monster Fuel with its oil and fuel products distributed to residential and business customers.”

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