Angela Moon, Reuters
S&P, Nasdaq fall below 50-day moving averages
NEW YORK (Reuters) – U.S. stocks fell on Tuesday, with the S&P 500 and the Nasdaq falling below their 50-day moving average, as a negative outlook from Hewlett-Packard Co (NYSE:HPQ) and weak U.S. economic data raised jitters about the state of the recovery.
Tech stocks fell as investors sold recent winners due to unease about pockets of weakness in the U.S. economy.
HP, the world’s largest technology company,
cut its financial forecasts because of problems stemming from Japan’s earthquake, soft PC sales and lowered expectations for its service business. HP’s stock was down 6.5 percent at $37.21.
Yesterday’s Top Performing Small Cap Stock:
American Petro-Hunter, Inc. (OTCBB: AAPH )
American Petro-Hunter, Inc. was a SmallCapVoice.com top performer closing up over 2% on trading volume of 248,071 shares.
American Petro-Hunter, Inc. is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months.
The Company is in production at the Poston Project in Trego County, Kansas and the North Oklahoma Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the “hunt” for domestic petroleum assets. Visit us at: www.americanpetrohunter.com.
Today’s SmallCapVoice.com Hot Stock to Watch:
Trueclaim Exploration, Inc. (OTCQX: TRMNF )
Trueclaim Intersects 9.44 Metres of 2.54 g/t Au at the Scadding Gold Project
LONDON, ONTARIO – (Marketwire) – 05/16/11 – Trueclaim Exploration Inc. (“Trueclaim”) (TSX VENTURE:TRM)(OTCQX:TRMNF) recently drilled four oriented holes in the South Zone on the Scadding Gold Property (the “Property”). These four holes were drilled to provide clarification on the orientation of geological contacts and chloritic gold-bearing units specific to the South Zone.
Already Reduced to $429,000 in 2010 From $609,000 in 2009, It Is Now Running at a $280,000 Annual Rate
MAHWAH, NJ — (Marketwire) — 05/17/11 — NuVim, Inc. (PINKSHEETS: NUVM) a leading provider of nutritional refrigerated and shelf stable ready to drink beverages and powder mixes announced it has achieved further reductions in its administrative costs. With these latest administrative savings, Selling, Administrative and General Costs are now running at approximately $280,000 per year. The over $150,000 annual reduction results from cuts in payroll, office rental cost, insurance, and other related expenses. “As we retool our business and enter potential new avenues of revenue, we continue to seek ways to run the company as lean as possible,” said NuVim® CEO Rick Kundrat. He emphasized that “cutting expenses while not jeopardizing the availability to key human resources will help the company become profitable at the bottom line. We are also improving our cash flow by issuing restricted stock for past and present supplies and services to a few qualified suppliers who are willing to help us while we are going through the revenue transition period.”
MAHWAH, NJ — (Marketwire) — 05/03/11 — NuVim, Inc. (PINKSHEETS: NUVM), a leading provider of nutritional refrigerated ready to drink beverages and powder mixes, announced today they have shipped the initial order and are receiving reorders for the Wal-Mart distribution center that supplies Florida Wal-Mart supercenters.
NuVim® CEO Rick Kundrat commented that “We are pleased to once again have distribution in the Wal-Mart supercenters.”
Podcast: Download (Duration: 15:06 — 13.8MB) | Embed
Rick Kundrat from NuVim® called into SmallcapVoice.com to explain that NuVim® (Pink Sheets: NUVM) is a one of a kind ready to drink and powder mix beverage that is sold in the supermarket refrigerated juice section in half gallons and sold on the internet in powder mix form. Based on an extensive research and development project that spanned over 30 years, NuVim® helps maintain a strong immune system, increases mineral, vitamin, micronutrient and calcium absorption and improves consistent digestion with its exclusive ingredient NutraFlora®, a clinically proven natural prebiotic fiber. NuVim® also contains a level of whey protein concentrate that is known to help muscle flexibility, promote sturdy joints, and improve athletic performance. NuVim® has no high fructose corn syrup, no lactose, no cholesterol, no fat, no artificial flavors, and no caffeine.
Chip Cutter, AP Business Writer,
Stocks waver as investors await Fed speech
Stocks mixed ahead of Federal Reserve Chairman Bernanke’s news conference on economy
NEW YORK (AP) — Stocks wavered between modest gains and losses Wednesday ahead of Federal Reserve Chairman Ben Bernanke’s latest assessment on the health of the U.S. economy.
Bernanke is expected to discuss the job market, inflation and the prospects for economic growth in a news conference following the conclusion of the Fed’s two-day policymaking meeting. Investors want to know when the Fed will begin raising interest rates. They also expect the Fed to confirm that its $600 billion bond-buying program will end as scheduled in June.
The Dow Jones industrial average rose 4 points, or less than 0.1 percent, to 12,599. It had been up as many as 30 points earlier in the day.
The Standard & Poor’s 500 fell 3 or 0.2 percent, to 1,345. The Nasdaq composite index fell 4, or 0.1 percent, to 2,844.
Yesterday’s Top Performing Small Cap Stock:
Westmont Resources Corporation (OTCBB: WMNS )
Westmont Resources Corporation was a SmallCapVoice.com top performer closing up over 22% on trading volume of 298,407 shares.
Westmont Resources is an independent natural resource and development company headquartered in Bellevue, Washington, with principal operations in the United States. Westmont’s business model emphasizes the acquisition and operation of existing producing assets, in the oil and gas industry. As new technologies expand both the exploration possibilities and production of oil and gas in the face of ever-rising demand, obtaining peak efficiency and production from existing aging wells becomes increasingly profitable. Westmont Resources is committed to significant growth as it pursues its strategy to combine and consolidate assets and companies in the oil and natural gas production and services sectors.
Today’s SmallCapVoice.com Hot Stock to Watch:
Trueclaim Exploration Inc. (OTCQX: TRMNF )
Trueclaim Intersects 10.0 Metres of 3.5 g/t Au at the Scadding Gold Project
LONDON, ONTARIO — (Marketwire) — 04/26/11 — Trueclaim Exploration Inc. (“Trueclaim”) (TSX VENTURE:TRM)(OTCQX:TRMNF) is pleased to announce significant intersections in the North Zone, including 3.5 g/t Au over 10.0 metres in hole TRM-11-15 on the Scadding Gold Property (the “Property”).
MAHWAH, NJ — (Marketwire) — 04/20/11 — NuVim, Inc. (PINKSHEETS: NUVM) today announced that Dr. Paul Addis has begun researching the use of a newly developed NuVim powder mix product with overweight people to determine the effectiveness of this new NuVim product in delivering everyday wellness and long term weight control.
Dr. Addis commented, “I believe that it is time to look at weight control in a very different way. The latest published information states that in the US 63% of adults are overweight and 34% are classified as obese. The numbers of obese and overweight children are also staggering and increasing.