Ryan Vlastelica, Reuters
Stocks jump on China data, Citi off after earnings
(Reuters) – Stocks rose on Tuesday as improved sentiment about growth prospects in China overshadowed recent credit downgrades in Europe and a mixed bag of big bank earnings.
China’s economy expanded at the weakest pace in 2-1/2 years, data showed, suggesting officials may try to boost growth in the near term by tweaking monetary policy.
Bank earnings offered a mixed picture, with Wells Fargo & Co (WFC.N) posting a 20 percent jump in quarterly profit, while Citigroup Inc (C.N) said earnings slid 11 percent. Wells Fargo was up 1.8 percent to $30.14, while Citigroup lost 6.3 percent to $28.84.
The KBW Bank index .BKX, up nearly 11 percent for the year, slipped 0.2 percent.
Investors looked past Standard & Poor’s credit downgrade of the euro zone’s rescue fund, relieved it was not more severe. The move came after Friday’s widely expected downgrade of a number of euro zone countries.
“The threat of the euro zone appears ever so slowly to be easing, and China’s data left investors feeling pretty warm for the prospect of” more favorable monetary policy, said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co in New York.
Yesterday’s Top Performing Small Cap Stock:
Attitude Drink Company, Inc. (OTCBB: ATTD)
Attitude Drink Company, Inc. was a SmallCapVoice top performer closing up over 9% on trading volume of 776,700 shares.
SmallCapVoice.com, Inc. is Now Handling the Investor Relations and Corporate Communications for Attitude Drinks
AUSTIN, Texas, Jan. 17, 2012 /PRNewswire/ – SmallCapVoice.com is pleased to announce that it has been retained by Attitude Drinks (OTCBB: ATTD) (OTCQB: ATTD), owner of the Ready-to-Drink (RTD) real milk beverage brand Phase III® Recovery to handle the corporate communications and investor relations for the Company.
Roy Warren, CEO of Attitude Drinks, commented, “We have done work with SmallCapVoice in the past and know that they will effectively communicate the Attitude Drinks and Phase III® Recovery business philosophy and story to our new and existing shareholders for this exciting time on our development.”
Today’s SmallCapVoice.com Hot Stock to Watch:
Neah Power Systems, Inc. (OTCQB: NPWZ)
A New Audio Interview with Dr. Chris D’Couto, President and CEO of Neah Power Systems, is now at SmallCapVoice.com
AUSTIN, Texas, Jan. 17, 2012 /PRNewswire/ — SmallCapVoice.com, Inc. announced today that a new audio interview with NEAH Power Systems, Inc. (OTC.BB: NPWZ), is now available. The interview can be heard at http://smallcapvoice.com/blog/1-4-11-smallcapvoice-interview-with-neah-power-systems-inc-otcbb-npwz
SmallCapVoice Clients’ News
Stronghold Metals Inc. (OTCQX: SDMTF) (TSX-V: Z)
Stronghold Announces Amendment to the Eagle Mountain Agreement That Will Allow Stronghold to Earn an Immediate 50% Interest in the Property
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 16, 2012) – STRONGHOLD METALS INC. (“Stronghold” or the “Company”) (TSX VENTURE:Z)(OTCQX:SDMTF)(FRANKFURT:E9X) is pleased to announce that it has entered into an Amended and Restated Earn-In and Joint Venture Agreement (the “Amendment Agreement”) with Omai Gold Mines Ltd. (“OGML”) and Eagle Mountain Gold Inc. (“EMGI”), affiliates of IAMGOLD Corporation (“IAMGOLD”) with respect to the Eagle Mountain Gold Property (the “Property”) in Guyana. The Amendment Agreement makes several major changes to the terms of the existing agreement (the “Original Agreement”) pursuant to which the Company was granted the right to acquire up to 100% of the issued and outstanding shares of EMGI. EMGI owns the Eagle Mountain Gold Property. EMGI is owned by OGML, a 95% owned subsidiary of IAMGOLD. The Republic of Guyana (“Guyana”) holds the remaining 5% of OGML.
Other Small Cap News
Debt Resolve, Inc. (OTCBB: DRSV)
Debt Resolve, Inc. Provides 2011 Shareholder Update
TARRYTOWN, N.Y., Jan. 17, 2012 (GLOBE NEWSWIRE) — Debt Resolve, Inc. (OTCBB:DRSV) (the “Company”), the premier web collections solutions provider, announced that it is providing a general shareholder update through this letter.
David Rainey, Debt Resolve’s President and Chief Financial Officer, stated, “2011 was a solid year that built the critical base necessary for a significantly improved 2012. We expect this year to demonstrate rapid revenue growth and believe that 2012 will be a record revenue year for the company. We also expect to deliver further technical enhancements which will extend our best-in-class technology lead on our competitors during 2012.”
Sunbelt International (OTCBB: SUNB)
Sunbelt Announces Test Facility
SHANGHAI, China, Jan. 17, 2012 /PRNewswire/ – Sunbelt International (http://www.sunbelt-inter.com/) (OTCBB: SUNB) The company announced today that they are nearing completion of a contract to build its first test facility. After several months of negotiations this is a milestone for Sunbelt. The location of the test facility is imperative to the success of the testing of our products for the most extreme weather conditions. Sunbelt will be constructing the test facility in a remote part of northern Canada as part of a joint venture the terms will be released shortly.
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 audio interviews, as well small cap company’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 company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
IMPORTANT DISCLAIMER – PLEASE READ THOROUGHLY
SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. 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. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that the information is accurate. It is important for you to verify all information by your own independent research. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our website or in our e-mail communications.
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Stuart T. Smith CEO
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