Ryan Vlastelica, Reuters
Wall Street flat as durables data offsets oil decline
(Reuters) – Stocks were flat on Wednesday as a weaker-than-expected reading on durable goods orders offset hopes that high oil prices could fall, removing a headwind to the economic recovery.
U.S. crude oil futures fell nearly 2 percent after a French newspaper reported several governments, including the United States, were considering the release of oil reserves to ease high prices at the pump, which are seen as an obstacle to an economic recovery.
New orders for U.S. manufactured goods rose less than expected in February and a gauge of future business investment also missed forecasts, casting a shadow on the manufacturing sector’s support of the recovery.
“The miss in durable goods took the enthusiasm out of the market, since they’re usually seen as a signal of economic growth,” said Adam Sarhan, chief executive of Sarhan Capital in New York. “Still, markets remain strong, and it isn’t a surprise to see us consolidate after the gains we’ve seen.”
Yesterday’s Top Performing Small Cap Stock:
Attitude Drinks (OTCBB: ATTD)
Attitude Drinks was a SmallCapVoice top performer closing up over 14% on trading volume of 41,140,110 shares.
PALM BEACH GARDENS, Fla., March 27, 2012 /PRNewswire/ — Attitude Drinks (OTC.BB:ATTD) (OTCQB:ATTD), an innovative beverage brand development company and creator of Phase III® Recovery, today announced an agreement between the company and Florida Distributing Company headquartered in Orlando, Florida. This distribution agreement is significant as Phase III® is currently distributed throughout the majority of the state. Florida Distributing Company distributes beverages to over six thousand accounts throughout Central Florida and is a partner with over fifty suppliers.
Chuck Mikolajczak, Reuters
Wall Street opens lower after run-up
Stocks fell at the open on Tuesday as equities paused after a 3-day winning streak for the S&P 500, which came within 10 percent of a historic closing high.
The benchmark S&P had risen in eight of the past nine sessions, hit its highest point since May 2008 and was 10 percent below the record close of 1,565.15 in October 2007.
The market has shown resilience of late, shrugging off sluggish starts and building upward momentum to finish higher.
Easing concerns about the euro zone debt crisis and improving domestic data have lifted the S&P index more than 11 percent for the year and over 27 percent from the October low.
U.S. Commerce Department data showed a steady improvement in the housing market, as permits for future construction jumped to their highest level since October 2008, although starts fell.
Yesterday’s Top Performing Small Cap Stock:
Attitude Drinks (OTCQB: ATTD)
Attitude Drinks was a SmallCapVoice top performer closing up over 4% on trading volume of 45,960,128 shares.
SOURCE
Stocks halt rally despite Apple gains; euro down
World stocks paused near eight-month highs on Monday as investors awaited more evidence of economic recovery before taking on risk, although shares of Apple jumped more than 1 percent after the company announced regular quarterly dividends and stock buy-backs.
The euro weakened against the dollar as some investors continued to bet against the common currency on worries about the implementation of Greece’s economic reforms.
Concerns about Iran’s nuclear program supported oil prices, but market sentiment remained positive overall.
“We have to pull back somewhat. We have got to get a little closer to technical support, just in order for the trend to remain healthy,” said Peter Kenny, managing director at Knight Capital, in Jersey City, New Jersey. “Kind of like pruning the tree, the market needs a little bit of a pruning.”
Yesterday’s Top Performing Small Cap Stock:
Advanced Medical Isotope Corp. (OTCBB: ADMD)
Advanced Medical Isotope Corp. was a SmallCapVoice top performer closing up over 27% on trading volume of 29,500 shares.
PALM BEACH GARDENS, Fla., March 19, 2012 /PRNewswire/ — Attitude Drinks (OTC.BB: ATTD) (OTCQB: ATTD) today announced a marketing endorsement partnership agreement with NFL super star, LeSean McCoy. After barely missing the NFL rushing title by one game last year due to injury, 2012 Pro Bowl selection LeSean “Shady” McCoy has teamed up with Attitude Drink’s Phase III®. Known around the league for being one of the great character guys as well as a tremendous talent, McCoy lead the NFL in 2011 with 20 touchdowns.
Edward Krudy, Reuters
Wall Street higher after jobs data
Stocks rose on Friday, adding to their best two-day run in nearly three months, after a report showed the economy added more jobs than expected in February.
Employers added 227,000 jobs last month, the Labor Department said, and the unemployment rate held at a three-year low of 8.3 percent. Investors were looking for a gain of 210,000 jobs, according to a Reuters poll.
“This continues to show that job growth is going at an encouraging pace,” said Sean Incremona, an economist at 4Cast in New York. “Upward revisions to the previous month and a solid February keep that positive sentiment alive.”
Shares of Monster Worldwide Inc (MWW), an online employment agency whose stock is sensitive to changes in the employment outlook, rose 4.4 percent to $8.97. The Dow Jones business training index .DJUSBE, which also tracks Manpower Inc, Rob Half International Inc and TrueBlue Inc, rose 0.9 percent.
Yesterday’s Top Performing Small Cap Stock:
Marley Coffee (OTCBB: JAMN)
Marley Coffee was a SmallCapVoice top performer closing up over 5% on trading volume of 165,861 shares.
Marley Coffee Enters Natural Products Expo West with Positive Vibrations
New Distribution and New Products Highlight Strong Start to 2012
LOS ANGELES, March 8, 2012 /PRNewswire/ – Marley Coffee (OTCBB: JAMN), a sustainably grown, ethically farmed and artisan roasted gourmet coffee, today announced the company will exhibit at Natural Products Expo West (Expo West), Booth #5365, at the Anaheim Convention Center in Anaheim, CA from March 9 through March 11. Visit Marley Coffee at www.MarleyCoffee.com.
Today’s SmallCapVoice.com Hot Stock to Watch:
Attitude Drinks Incorporated (OTCBB: ATTD)