Rita Nazareth, Reuters
U.S. Stocks Little Changed on Greek Deal
U.S. stocks were little changed, a day after the Standard & Poor’s 500 Index rose to a seven-month high, as investors weighed an agreement by Greek political leaders on measures needed to secure international rescue funds.
“The market is very, very tenuous,” Michael Crofton, chief executive officer at Philadelphia Trust Co., said in a telephone interview. His firm manages about $1.7 billion. “Austerity is the opposite of growth. Austerity could force Greece into a depression, which would force them back to the table to ask for more aid. The ECB is caught between a rock and a hard place. They need to play their cards close to the vest until they are sure this quasi-solution for Greece will stick.”
Greece’s government reached a deal on austerity measures required for a 130 billion-euro ($173 billion) financing package, according to an e-mailed statement from the Greek Prime Minister’s press office. European Central Bank President Mario Draghi signaled the economic outlook has improved, suggesting policy makers may be less inclined to add to stimulus.
Yesterday’s Top Performing Small Cap Stock:
Marley Coffee (OTCBB: JAMN)
Marley Coffee was a SmallCapVoice top performer closing up over 26% on trading volume of 1,863,317 shares.
Chuck Mikolajczak, Reuters
Wall Street edges up on Greece, Disney earnings
Stocks edged higher on Wednesday as hopeful investors awaited the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout.
The delays stirred European Union officials to warn Greece the euro zone could continue without the fiscally troubled nation, which needs a rescue package to avoid an unruly default.
"They are pretty close on the debt talks, and it looks like the prime minister is getting the various members of his coalition in line (so) that they may actually get this done," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
"These folks have been at it for a very long time. They have been fighting with this issue for about eighteen months, so they really do see this as, ‘We have to get it right this time.’"
Yesterday’s Top Performing Small Cap Stock:
Attitude Drinks Incorporated (OTCBB: ATTD)
Attitude Drinks Incorporated was a SmallCapVoice top performer closing up over 11% on trading volume of 10,154,211 shares.
Attitude Drinks Inc. is an innovative beverage brand development company with pure milk-based recovery drink that exploits recent scientific evidence confirming the benefits of milk and protein as an exercise recovery aid. Phase III is sold in select local, regional and national markets, including colleges, universities, convenience stores, fitness centers and gyms, as well as online.
Today’s SmallCapVoice.com Hot Stock to Watch:
PositiveID Corporation (OTCBB: PSID)
PositiveID Corporation Announces Initiation of Clinical Trial of Its Easy Check Non-Invasive Breath Glucose Detection Device
Independent Clinical Trial to Run for a Period of Six Months and Focus on People With Type 1 Diabetes
Currently under development in Israel, Easy Check is a non-invasive breath glucose detection device that measures the level of acetone in a patient’s exhaled breath and correlates that acetone level to a measure of blood glucose. The Easy Check technology is based on a patent-pending reagent cell that mixes a patient’s exhaled air with a proprietary chemical compound, triggering a chemical reaction. The reaction is measured and software in the Easy Check device then interprets the measurement and correlates the patient’s acetone level to the level of glucose in the body. The goal of Easy Check is to eliminate a patient’s need to prick his or her finger multiple times per day to get a blood sugar reading.
Viper Networks, Inc. (Pink Sheets: VPER)
A New Audio Interview With Farid Shouekani, President and CEO of Viper Networks, Inc., Is now at SmallCapVoice.com
AUSTIN, Texas, Feb. 8, 2012 /PRNewswire/ — SmallCapVoice.com, Inc. announced today that a new audio interview with Viper Networks, Inc. (Pink Sheets: VPER) is now available. The interview can be heard at http://smallcapvoice.com/blog/2-6-12-smallcapvoice-interview-with-viper-networks-pink-sheets-vper
Other Small Cap News
Elray Resources Inc. (OTCBB: ELRA)
Elray Gaming Retains South Street Media as Public Relations Firm
Melissa J. Diaz, the President of South Street Media commented, "The recent changes from the US Dept. of Justice regarding online gaming set the stage for potential strong growth for the online gaming sector in the United States. South Street Media feels the firms that can establish their name, hold the technology, and have been compliant with the gaming laws in the past, have the best prospects to gain market share as new legislative rules become effective. We feel Elray Gaming meets the criteria, and we look forward to assisting them in expanding their corporate message to the investment community."
TechPrecision Corporation (OTCBB: TPCS)
TechPrecision Corporation Schedules Conference Call to Report Third Quarter Fiscal 2012 Financial Results
WESTMINSTER, Mass., Feb. 7, 2012 /PRNewswire/ — TechPrecision Corporation (OTC Bulletin Board: TPCS), an industry leading manufacturer of precision, large-scale fabricated and machined metal components and systems with customers in the alternative energy, cleantech, medical, nuclear, defense, aerospace and other commercial industries, today announced it will announce financial results for its third quarter of fiscal 2012, the period ended December 31, 2011, on Tuesday, February 14, 2012, after the market closes.
Spur Ventures Inc. (OTCBB: SPVEF)
Spur Shareholders Approve the Sale of Spur BVI to Hong Tang Vision Ltd For $9.25 Million
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 7, 2012) – Spur Ventures Inc. ("Spur" or the "Company") (TSX:SVU)(OTCBB:SPVEF) is pleased to announce that the Company received shareholder approval at the Special Shareholders’ meeting held on February 7, 2012 in Vancouver for the proposed sale of its wholly-owned subsidiary, Spur Chemicals (BVI) Inc. ("Spur BVI") to Hong Tang Vision Ltd ("Hong Tang"), a limited liability company registered in the Cayman Islands for cash proceeds of $9.25 million.
Oracle Mining Corp. (OTCQX: OMCCF)
Oracle Mining Appoints Doug Nicholson as Chief Operating Officer
Mr. Nicholson will lead the Oracle Mining operations team in the re-start of the Oracle Ridge Copper Mine near Tucson, Arizona. He has extensive experience in the construction and management of mining operations in North America and will also be directly involved in all aspects of the Corporation’s strategic planning and business development.
Continental Prison Systems, Inc. (Pink Sheets: CPSZ)
Continental Prison Systems, Inc. (CPSZ) Continues Expanding Client Base in 2011
IRVINE, Calif., Feb. 8, 2012 (GLOBE NEWSWIRE) — Continental Prison Systems, Inc. (Pink Sheets:CPSZ), dba EZ Card & Kiosk, the industry leader in offering financial transaction services to the correctional and judicial markets in the US since 2008, is expanding aggressively leading into 2012 with the addition of seven county jail clients during 2011, representing an additional 2,600 ‘average daily population’ of inmates under the EZ Card & Kiosk suite of services.
Gold Dynamics Corp. (OTCQB: GLDN)
Gold Dynamics to Acquire Mining Properties in Canada
LAS VEGAS, NEVADA–(Marketwire – Feb. 8, 2012) – Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (http://www.golddynamics.com) announced today that it has entered into an agreement to acquire the Lake Ste-Anne property from Fayz Yacoub, P. Geo and Remy Yacoub.
American Energy Development Corp. (OTCBB: AEDC)
American Energy Development Corporation Announces $7,800,000 Financing With Institutional Investor
Joel Felix, Chief Financial Officer of American Energy Development Corp., said, "I’m delighted that we know we have capital backing to finance our long-term development strategy for the company. The equity investment structure will allow all funding received to be allocated to growing the company, while not burdening the company with servicing any debt."
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.
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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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Edward Krudy, Reuters
Wall St edges higher as Greece draws up bailout terms
Stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default.
Greek officials worked on the draft of a text on the 130-billion-euro bailout plan that will be put to political leaders for approval as strikers protesting against more austerity tussled with police outside parliament.
A light U.S. economic calendar this week shifted investor focus back to the euro zone. With the S&P 500 up 6.6 percent this year the market has grown cautious before Greek leaders put pen to paper on the terms of the deal.
Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut, said the market was holding up well despite some profit taking as investors bet a deal would be completed.
"If investors thought the Greek talks were going to collapse, financial markets will be a lot weaker than they are," he said. But "a lasting solution continues to be something that is hard to come by."
Yesterday’s Top Performing Small Cap Stock:
AmeriLithium Corp. (OTCBB: AMEL)
AmeriLithium Corp. was a SmallCapVoice top performer closing up over 17% on trading volume of 518,662 shares.
Ryan Vlastelica, Reuters
Wall Street edges up ahead of January payrolls report
(Reuters) – Stocks edged higher on Thursday after weekly jobless claims fell in the latest week, but gains were limited as investors were reluctant to make big bets ahead of Friday’s payrolls report and a recent rally.
Coming off a surge of nearly 1 percent in the previous session that built on advances of more than 4 percent in January, some traders said the market might be nearing a top.
In the latest data on employment sector, new claims for unemployment benefits dropped more than expected to a seasonally adjusted 367,000 versus the forecast of 375,000.
Economists forecast that the government report on Friday will show that 150,000 jobs were added in January, a decline from the previous month, which benefited from holiday hiring.
"The jobless claims continue the trend of decent news, though there have also been other indications of a general loss of momentum," said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland. "That suggests we’re in the right ballpark with estimates for the jobs report, but also that we aren’t likely to see a huge upside surprise."
Yesterday’s Top Performing Small Cap Stock:
AmeriLithium Corp. (OTCBB: AMEL)
AmeriLithium Corp. was a SmallCapVoice top performer closing up over 7% on trading volume of 386,006 shares.
Edward Krudy, Reuters
Nasdaq rises 1 percent
(Reuters) – Stocks rallied on Wednesday, with all major indexes up more than 1 percent, as upbeat economic data from China and Germany eased concerns about the global economy, while Greece neared a long-delayed deal on a debt swap.
The Dow Jones industrial average rose 139.30 points, or 1.10 percent, to 12,772.21. The Standard & Poor’s 500 Index added 13.90 points, or 1.06 percent, to 1,326.31. The Nasdaq Composite Index . climbed 27.44 points, or 0.98 percent, to 2,841.28.
Yesterday’s Top Performing Small Cap Stock:
Sino Payments, Inc. (OTCQB: SNPY)
Sino Payments, Inc. was a SmallCapVoice top performer closing up over 16% on trading volume of 1,952,629 shares.
Ryan Vlastelica, Reuters
Wall Street flat as data, earnings offset Europe hopes
(Reuters) – Stocks gave up early gains to turn flat on Tuesday, weighed down by mixed corporate earnings and weaker-than-expected data on Midwest business activity and consumer confidence.
Major indexes had opened higher on hopes a deal on a Greek debt swap was near and as European leaders showed signed of making progress in dealing with Europe’s long-running sovereign debt crisis.
Business activity in the U.S. Midwest grew more slowly than expected in January due to a weaker labor market, according to the Institute for Supply Management-Chicago business barometer. Also, consumer confidence came in far below forecasts.
Shares of Exxon Mobil fell while Eli Lilly and UPS advanced as their quarterly reports reflected a mixed picture of corporate strength this earning season.
“Earnings in general are not as robust as what we saw a year ago,” said Nicholas Colas, chief market strategist at the ConvergEx Group in New York. “Results are a little weak on the revenue line and that’s putting a cloud on things.”
Yesterday’s Top Performing Small Cap Stock:
Attitude Drinks Incorporated (OTCBB: ATTD)
Attitude Drinks Incorporated was a SmallCapVoice top performer closing up over 30% on trading volume of 79,729,409 shares.