Stocks Rise on Signs of Improvement in Domestic Economy and as Initial Jobless Claims Fall
Submitted by SmallCapVoice.com
Stocks are rising in early trading following fresh signs that the domestic economy is improving.
New data Thursday shows initial claims for jobless benefits dipped last week, while private employers added workers last month. A third report says productivity rose in the first quarter, though gains were revised lower from a previous estimate.
Retailers are reporting mixed sales for May, but a report on the service sector due out later in the day is expected to show a fifth straight monthly gain.
The Dow Jones industrial average is up 34.99, or 0.3 percent, at 10,283.85. The Standard & Poor’s 500 index is up 2.92, or 0.3 percent, at 1,101.30, while the Nasdaq composite index is up 6.49, or 0.3 percent, at 2,287.56.
Yesterday’s Top Performing Small Cap Stock:
AGR Stone & Tools, Inc. (OTCBB: AGRT)
About AGR Tools, Inc. was a SmallCapVoice.com top performer yesterday closing up over 23% on trading volume of 14,900 shares.
AGR Stone & Tools USA, Inc., a wholly owned subsidiary of AGR Tools, Inc., is a major supplier of diamond tools and adhesives. It specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries, and its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has completed extensive research and testing, and uses the latest technologies to assure it is at the forefront of the diamond tool industry. The company also employs some of the world’s top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Launches Coffee & Tea Line
Jun. 3, 2010 (Business Wire) — Tootie Pie Company, Inc. (OTCBB:TOOT) announced that it is rolling out its new coffee and iced tea at its two Tootie Pie Gourmet Cafés.
Sillenger Exploration Corp. (OTCBB: SLGX)
A New Audio Interview with John Gillespie, President and CEO of Sillenger Exploration is Now at SmallCapVoice.com
Jun. 3, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Sillenger Exploration Corp. (“Sillenger”) (OTCQB:SLGX) (OTC.BB:SLGX) is now available. The interview can be heard at http://smallcapvoice.com/blog/6-2-10-audio-interview-with-sillenger-exploration-otcbb-slgx/.
SmallCapVoice Clients’ News
Aerius International Inc. (Pink Sheets: AERS)
SectorWatch.biz: Cutting Through the Confusion
With no clear consensus, serious questions may still be raised regarding handset microwave radiation into human tissue, or Specific Absorption Rate (SAR). This spotlights the importance of cell phones Aerius International, Inc. (Pink Sheets:AERS) will be introducing worldwide that use its revolutionary antenna technology proven by the FCC to reduce SAR an average 99.4%. Additionally, Aerius equipped phones have been shown by carriers and in independent laboratories to increase battery life 66%, double handset coverage area, and reduce dropped calls over 60%.
Oromin Explorations Ltd. (OTCBB: OLEPF)
Oromin Explorations Ltd.: Exploration Drilling Continues to Generate Excellent Results From Numerous Gold Deposits and Targets
Exploration drilling undertaken since the completion of all requisite Feasibility Study geotechnical and hydrological drilling in early 2010 continues to generate excellent results at many of the OJVG deposits and targets. With the exception of some results from Kourouloulou, none of these favourable results are incorporated in the production schedule proposed in OJVG’s forthcoming Feasibility Study and as a result they will not be included in the Feasibility Study’s economic and cash flow analyses. Positive impacts from 2010 exploration drilling to date include expansions at Golouma style higher grade deposits and targets (Kourouloulou and Koulouqwinde), expansions at Masato style bulk-tonnage deposits (Maki Medina, Niakafiri Southeast and Masato) as well as new discoveries (Kobokoto South and Niakafiri Southwest).
Other Small Cap News
AirTran Holdings, Inc. (NYSE: AAI)
AirTran Airways Reports May Traffic
ORLANDO, Fla., June 2 /PRNewswire-FirstCall/ — AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE:AAI), today reported traffic for the month of May. The airline’s load factor, 80.8 percent, represents a new all-time company record for the month of May.
Nanosphere, Inc. (Nasdaq: NSPH)
Nanosphere Verisens(TM) Ultra-Sensitive PSA Assay Highlighted at American Urological Association Annual Meeting
NORTHBROOK, Ill., June 2, 2010 (GLOBE NEWSWIRE) — At the annual meeting of the American Urological Association (AUA), data using the Nanosphere Verisens(TM) ultra-sensitive PSA assay (research use only) will be highlighted as one of less than 40 abstracts that were singled out by the Association for a special session for journalists.
Cypress Bioscience, Inc. (Nasdaq: CYPB)
Medicare Administrator Issues Positive Coverage Determination for Cypress Bioscience’s Avise PG(SM) Testing Service
SAN DIEGO, CA–(Marketwire - 06/02/10) - Cypress Bioscience, Inc. (NASDAQ:CYPB) announced today that Palmetto GBA, administrator for Medicare Part B in California, has issued a positive coverage determination for the company’s Avise PG testing service. Avise PG is a test which aids doctors in therapy decisions regarding methotrexate, one of the most widely prescribed drugs for rheumatoid arthritis.
Converted Organics Inc. (Nasdaq: COIN)
Converted Organics 8-1-4(TM) and Converted Organics 4-1-8(TM) Granular Organic Fertilizers Receive OMRI Certification and Listing
Products Allowed for OMRI Product Listing, Shows Compliance With USDA National Organic Program Rule
BOSTON, June 2, 2010 (GLOBE NEWSWIRE) — Converted Organics Inc. (Nasdaq:COIN) announced today that its Converted Organics 8-1-4(TM) and Converted Organics 4-1-8(TM) all-natural, granular organic fertilizers have received OMRI Certification and are now Allowed for use in the Generic Material Listing: Fertilizers, Blended, Class: Crop Fertilizers and Soil Amendments, and qualifies both products for placement in the OMRI Products List.
Thomas Properties Group, Inc. (Nasdaq: TPGI)
Thomas Properties Group, Inc. Announces Executive Management Changes
Paul S. Rutter and John R. Sischo, both formerly Executive Vice Presidents, have been named to newly-created positions as Co-Chief Operating Officers of the Company. The role of Todd Merkle, Senior Vice President, has been expanded to include the duties of Chief Investment Officer. James A. Thomas will continue to serve as Chairman and Chief Executive Officer.
Great Basin Gold Ltd. (NYSE Amex: GBG)
Great Basin Provides Update on Burnstone Mine Project
VANCOUVER, June 2 /PRNewswire-FirstCall/ - Great Basin Gold Ltd. (”Great Basin” or the “Company”) (TSX: GBG; NYSE Amex: GBG; JSE: GBG) announces that it is making good progress in the delivery of its capital projects at its Burnstone Project in South Africa.
China Security & Surveillance Technology, Inc. (NYSE: CSR)
China Security & Surveillance Technology, Inc. Updates Full Year 2010 Guidance
The Company expects to report full-year revenue in the range of $830 million to $850 million. Earning per share is expected to be in the range of $1.12 to $1.16. The average outstanding shares on a fully diluted basis for 2010 will be approximately 90 million.
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 daily stock picks, audio interviews, as well as its client’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 investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
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