SmallCapVoice.com

Posts Tagged ‘AESO’

Stocks rise despite record drop in home prices

Wall Street resumed its advance on the last day of the quarter as investors focused on economic data.

Tuesday started with news that home prices sank in January and that Chicago-area business conditions deteriorated in March. But consumer confidence data is expected to show a slight improvement in March.

The market is coming off a two-day pullback after rallying on better-than-expected home sales, retail sales and durable goods data. A Treasury plan for banks’ toxic assets and calming remarks from the banks’ CEOs also helped the Dow Jones industrial average soar 21 percent in fewer than three weeks.

If Wall Street can get more evidence that the economy is bottoming out, it has a better chance of making up the sharp losses logged this year. The Dow is still down 14.3 percent for 2009, but up 14.5 percent from its nearly 12-year low on March 9.

Read the rest of this entry »

Stocks are sharply lower as investors continue to worry about the economy

Wall Street fell sharply early Friday. The Dow Jones industrials hit new six-year lows with investors worldwide selling on pessimism about the global economy. The Dow tumbled about 100 points in morning trading, a day after closing at its lowest level since Oct. 9, 2002.

Energy prices rose 1.7 percent in January, the first increase following five months of big declines. The advance was led by a 6 percent jump in gasoline prices. Even with that gain, prices at the pump are still more than 40 percent below year-ago levels.

Most economists believe consumers will not be battered again this year by soaring energy costs since global demand has fallen sharply in the face of a worldwide recession.

Read the rest of this entry »

Stocks move lower as wholesale inflation takes biggest jump in 6 months

Stocks edged lower on Thursday after a monthly measure of regional factory activity showed a sharp contraction, pointing to a deepening recession. The Philadelphia Federal Reserve Bank reported its business activity index in the U.S. Mid-Atlantic region at minus 41.3 in February, while economists had expected a reading of negative 25.0, according to a Reuters poll.

Yesterday’s Top Performing SmallCapVoice.com stock:

GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 10% on trading volume of 15,786 shares.

Read the rest of this entry »

Atlantic Energy Solutions, Inc. (OTC:AESO) is looking forward to its role with the stimulus bill, which is also known as the Economic Recovery and Reinvestment Act of 2009 as it contains a significant amount of money being allocated for increased energy efficiency and green technologies.

According to Tim Brock, CEO for Atlantic Energy Solutions, “As a company, we’ve worked hard during the past ten years to deliver on the green technology objectives established by our school district, local municipality, community colleges, and nursing home facility customers to provide exactly the kind of energy efficiencies and green technologies being presented in the stimulus bill. As a proponent for these services and the jobs they can create in any given community, we are working closely with national advocacy groups such as the National Association of Energy Services Companies (www.naesco.org) which includes energy firms such as Constellation Energy Group (CEG), Honeywell International (HON), and Johnson Controls (JCI). We have also teamed with Impact NJ, a NJ based strategic lobbying firm, so that we can engage on the opportunities that the stimulus bill represents in complimenting the objectives of our customers.”

Read the rest of this entry »

Stocks extend decline amid release of Obama’s $75 bln mortgage relief plan

Wall Street extended its decline Wednesday after President Obama released details of his $75 billion mortgage relief plan. Doubts about the stimulus bill and plans to revive the banking sector continued to weigh on investors.

The plan is designed to help stabilize the housing market and reduce foreclosures. Sharp drops in housing prices and sales, coupled with rising foreclosures since the middle of 2007, have been a primary cause of the toughest recession in decades.

The housing plan follows a much worse-than-expected reading on the housing market, as the Commerce Department said construction of homes and apartments dropped by 16.8 percent in January to a record low annual rate. Applications for building permits also dropped to a record low, falling 4.8 percent.

Read the rest of this entry »

Stocks move higher as retailers report better-than-expected January sales

Wall Street shook off weak economic readings and placed bets on retailers Thursday after their monthly sales reports weren’t as bad as had been expected.

Retailers including Wal-Mart Stores Inc. and Macy’s Inc. turned in better-than-expected sales for January. Wal-Mart’s sales beat Wall Street’s forecast after the chain drew shoppers focused on necessities like groceries. Macy’s, which this week said it would slash 7,000 jobs, on Thursday raised its fourth-quarter and full-year forecasts after reporting its sales.

Read the rest of this entry »