Angela Moon, Reuters
Wall Street falls after retail sales data disappoints
(Reuters) – The S&P 500 index retreated on Tuesday from near a seven-month high after weaker-than-expected January U.S. retail sales data curbed investors’ appetite for risky assets.
Leading the fall was the financial sector, with two of the top three biggest decliners on the Dow Bank of America and JPMorgan Chase & Co (JPM).
Citigroup downgraded Bank of America Corp (BAC) to “neutral” from “buy,” saying earnings headwinds would continue at the company even as capital concerns subside. Bank of America shares were down 1.1 percent at $8.16 and JPMorgan shares fell 1.5 percent to $37.70.
The 0.4 percent rise in retail sales fell short of the 0.7 percent increase expected by economists polled by Reuters and reflected cutbacks in car purchases and online shopping.
Yesterday’s Top Performing Small Cap Stock:
Juhl Wind, Inc. (OTCBB: JUHL)
Juhl Wind, Inc. was a SmallCapVoice top performer closing up over 3% on trading volume of 26,013 shares.
Juhl Wind, Inc. (“Juhl”), based in Woodstock, MN is a leader in community wind power development and management, focused on wind farm projects primarily in the United States and Canada. Juhl Wind, Inc. specializes in the development, operation and acquisition of community wind power systems. Juhl services all aspects of wind farm development including full development, ownership and acquisition of wind farms, professional services, general consultation on wind projects, construction management of wind farm projects and system operations and management for completed wind farms. Juhl focuses on building 10 MW to 50 MW wind farms that are jointly owned by local communities, farm owners, environmentally concerned investors, as well as Juhl itself. The wind farms are connected to the general utility electric grid to produce clean, environmentally-sound wind power. Additionally, Juhl sells renewable energy products such as remanufactured small wind turbines and solar systems to consumers, directly and through their dealer network.
Today’s SmallCapVoice.com Hot Stock to Watch:
Marley Coffee (OTCBB: JAMN)
Marley Coffee Gets New York City Talking with Roaming Coffee Truck
MetroPCS Coffee Truck Heats Up Streets of NYC with Free Cups of Delicious Marley Coffee
NEW YORK, Feb. 14, 2012 /PRNewswire/ – Marley Coffee (OTCBB: JAMN), a sustainably grown, ethically farmed and artisan roasted gourmet coffee, is heating up the streets of New York City for 15 weeks through a promotional partnership with leading unlimited no contract, flat-rate wireless service provider, MetroPCS.
Other Small Cap News
ARI Network Services, Inc. (OTCBB: ARIS)
ARI’s eCatalogs Selected by nizeX, Inc. to Help Its Customers Streamline Parts Lookup
eCatalogs to be fully integrated with Lizzy™, nizeX’s web-based dealer business management system
MILWAUKEE, Feb. 14, 2012 /PRNewswire/ — ARI Network Services, Inc. (OTCBB: ARIS), a leading provider of parts content and eCatalogs, today announced that nizeX, Inc., located in Jackson, GA, and ARI have signed a reseller agreement.
Under the terms of this agreement, nizeX will resell ARI’s eCatalogs for the leading outdoor power and powersports manufacturers, including Arctic Cat, Ariens, Briggs & Stratton, Kawasaki, MTD, Polaris, Toro and Yamaha, to Lizzy’s customers and prospects. Lizzy is nizeX’s web-based dealer business management system.
Omagine, Inc. (OTCBB: OMAG)
Omagine, Inc. Record Date Set for Rights Offering and Warrant Distribution
Omagine, Inc. (the “Company”) filed a Registration Statement with the Securities and Exchange Commission (“SEC”) to register the Common Shares underlying the Company’s Rights and Warrants being distributed to its shareholders as of the Record Date and that Registration Statement was declared effective by the SEC on February 13, 2012.
Quick-Med Technologies, Inc. (OTCQB: QMDT)
Quick-Med Expands NIMBUS(R) Technology Into Advanced Wound Care Dressings
Viridis BioPharma Receives Approval for NIMBUS Foam Dressings from India FDA
GAINESVILLE, Fla., Feb. 14, 2012 (GLOBE NEWSWIRE) — Quick-Med Technologies, Inc. (OTCQB:QMDT), a life sciences company that is developing innovative technologies for the healthcare and consumer markets, announced today that it has amended the license previously granted to Viridis BioPharma to include a new antimicrobial polyurethane foam dressing that utilizes Quick-Med’s proprietary NIMBUS® technology and that Viridis has received approval from the Food and Drug Administration of India to manufacture and market the dressings. This is the first of several NIMBUS advanced wound care formats that are in development.
SNAP Interactive, Inc. (OTCBB: STVI)
SNAP Interactive Reports Results for the Fourth Quarter and Full Year Ended December 31, 2011
Record Revenue Increases 98 Percent over Prior-Year Quarter Representing SNAP’s 11th Consecutive Quarter of Revenue Growth
“At the outset of 2011, we identified two clear goals for SNAP: continued revenue growth and the build-out of the organization so that we could properly sustain our growth and build for the future,” said SNAP’s President and Chief Executive Officer, Clifford Lerner. “I believe we have delivered on both objectives, highlighted by 188 percent annual revenue growth (unaudited), significant traction in the mobile space (nearly 15 percent of logins in February 2012 to AreYouInterested.com are through a mobile device) and the addition of outstanding talent to our engineering and management teams. SNAP is a company whose core strength is recognizing and leveraging opportunities, and we pride ourselves on the ability to understand current and future trends in both technology and the dating space.
Trovagene, Inc. (Pink Sheets: TROV)
Trovagene Appoints Charlie Rodi, Ph.D., as Chief Technology Officer
SAN DIEGO, Feb. 14, 2012 /PRNewswire/ — Trovagene, Inc. (Pink Sheets: TROV), a developer of transrenal molecular diagnostics, today announced that Charlie Rodi, Ph.D. has been named Vice President and Chief Technology Officer. Dr. Rodi brings a wealth of management and scientific leadership to the position. While at G.D. Searle he was among the first to use nucleic acid biomarkers in the development of pharmaceuticals. He was also the Director of the Monsanto Genome Sequencing Center and served on both the Genomics Leadership Team and the Genomics Business Team. At Sequenom, Inc. he held the position of Executive Vice President, Genomics and was responsible for the development of a suite of technologies for the discovery, scoring, and determination of allelic frequency of disease-associated SNPs (single nucleotide polymorphisms).
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