11-18-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice
Stephen Kirkland and Rita Nazareth, Reuters
U.S. Stocks, Euro Advance as Italian Yields Retreat Amid Purchases by ECB
Stocks rose, with the Standard & Poor's 500 Index rebounding from a one-month low, and the euro snapped a four-day slump as European Central Bank purchases pushed down Italian and Spanish bond yields and optimism about the U.S. economy grew.
The S&P 500 added 0.3 percent to 1,219.97 at 11:30 a.m. in New York, while the Stoxx Europe 600 Index slipped 0.6 percent, paring a decline of as much as 1.2 percent. The euro appreciated 0.4 percent to $1.3516. The yield on the Italian two-year note fell 14 basis points and rates on the nation's 10-year debt decreased 21 points. The cost of insuring against default on European government debt decreased.
The ECB bought sovereign debt for fifth straight day as part of its efforts to halt turmoil in European bond markets. The purchases have helped bring Italy's 10-year yield below the 7 percent level that foreshadowed bailouts for Greece, Ireland and Portugal. The U.S. Conference Board's index of leading economic indicators climbed more than forecast, signaling the world's largest economy will keep growing into early next year.
Yesterday's Top Performing Small Cap Stock:
Global Financial Corporation (OTCBB: FGBF)
Global Financial Corporation was a SmallCapVoice top performer closing up over 9% on trading volume of 492,812 shares.
1st Global Financial Corporation Announces New Corporate Website and Updates Activities Regarding Potential Acquisitions Utilizing the 350 Million Euro Line of Credit
LAS VEGAS, Nov. 18, 2011 /PRNewswire/ – 1st Global Financial Corporation (OTC: FGBF), a real estate holding and trading company creating strategic partnerships with individual and institutional owners of property portfolios in the USA, United Kingdom, Europe, and the Caribbean, announced today that 1st Global will launch its new website by November 25. The Company also announced that based upon its 350 Million Euro Line of Credit, that it has been able to access financial institutions' lists of property holdings and has presented offers to purchase on the properties that met the Company's criteria.
1st Global Financial Corporation's President Johnny Bannister said, “Our new website will give our shareholders important information about their Corporation and our acquisitions over the coming financial years. We are presently actively engaged in meetings with major banks in the UK and in Ireland under terms of non-disclosure with our 350 Million Euro Line of Credit provided to them to review what properties they are offering that might fit the Corporation's business plan.
Today's SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCQB: TOOT)
Tootie Pie in H-E-B Plus! Stores
Tootie Pie Company, Inc. (OTCQB: TOOT) is pleased to announce that its pies will once again be carried in at least 45 H-E-B plus! stores in Houston, Austin and San Antonio, TX during the upcoming holiday season.
“We are happy to once again be in H-E-B for the holiday season,” said Don Merrill, President & CEO. “By being in mostly H-E-B plus! stores, it gives us great exposure in some of the best metropolitan areas in the state.”
About H-E-B
Renowned for its innovation and community service, H-E-B, with sales of more than $16 billion, operates 329 stores in Texas and Mexico. The company is recognized for its fresh food, quality products, convenient services, and a commitment to environmental responsibility and sustainability. It strives to provide the best customer experience at every day low prices. Based in San Antonio, H-E-B employs more than 76,000 Partners and serves millions of customers in more than 150 communities.
Other Small Cap News
Axion International Holdings, Inc. (OTCBB: AXIH)
Axion International and Its EcoTrax Rail Ties Highlighted on CNBC
CEO Steve Silverman Describes the Advantages of Axion's 100% Recycled Plastic Technology During a Green Technology Segment on CNBC's “Squawk Box”
NEW PROVIDENCE, N.J.–(BUSINESS WIRE)–Axion International Holdings, Inc. (OTCBB: AXIH), a leader in Recycled Structural Composite (RSC)™ technology used to produce EcoTrax™ railroad ties as well as Struxure™ building materials, announced that the company was featured during a green technology segment that first aired on November 17, 2011 during the pre-market morning news and talk program “Squawk Box” on CNBC.
During the segment, Dallas Area Rapid Transit (DART) Senior VP Tim McKay is interviewed and talks about the benefits of Axion's 100% recycled plastic railroad ties called EcoTrax™, which are being utilized by DART on a two mile long bridge connecting Dallas and Fort Worth.
Aura Systems Inc (OTCBB: AUSI)
Aura Systems Inc. and Plasan Sasa Ltd. Sign a Binding Memorandum of Understanding for the Use of Aura's VIPER System for a Special Military Application for the Israeli Defense Forces.
EL SEGUNDO, Calif.–(BUSINESS WIRE)–Aura Systems Inc, (OTC: AUSI) announced today that it has entered a binding Memorandum of Understanding with Plasan Sasa Ltd. The parties have reached an agreement to work together using the VIPER for an Armored Vehicle Project that have special requirement for electric energy.
Plasan is a Company specializing in armored vehicle design and manufacturing, supplying OEM customers with armored solutions and survivability system.
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