Chuck Mikolajczak, Reuters
Wall Street falls on global debt worry
NEW YORK (Reuters) – Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.
With five days to go before President Barack Obama's deadline for a debt ceiling deal and no agreement in sight, Republicans and Democrats were crafting a fallback plan to avert a U.S. default.
The longer the debt ceiling debate remains unresolved, the bigger the risk for further declines in stocks and a spike in volatility. The CBOE Volatility index (Chicago Options:VIX) rose 7.8 percent on Monday after a gain of more than 20 percent last week.
Adding to pressure on financials, the euro zone's regulatory stress tests for banks were viewed as unrealistically soft, given the scope of the crisis.
Yesterday's Top Performing Small Cap Stock:
XZERES Corp. XPWR
XZERES Corp. was a SmallCapVoice.com top performer closing up over 7% on trading volume of 24,480 shares.
XZERES Corp. designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market. Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10 kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications. Our wind power systems are focused on distributed energy, where a specific machine's energy output is largely or entirely used on- site where the equipment is installed, as well as grid connected applications. While many of our customers take advantage of their local net-metering rules within the United States and Feed In Tariffs that are often available in Europe and Internationally (to sell power back to the grid), our wind power systems are not dependent on transmission needs to carry the energy produced to another location.
Today's SmallCapVoice.com Hot Stock to Watch:
American Petro-Hunter, Inc. AAPH
American Petro-Hunter Announces Drilling Plans for 11 Horizontal Wells at North Oklahoma Project
SCOTTSDALE, AZ-(Marketwire – 07/18/11) – American Petro-Hunter, Inc. (OTC.BB:AAPH) (“American Petro-Hunter” or the “Company”) is pleased to announce updated plans regarding the Company's continued participation in a proposed field development horizontal drilling program of the Mississippi formation at the North Oklahoma Project.
Based on the commercial success of the recent NOM-1H horizontal well, the Company and working interest partners have determined that the development plan for this newly defined Mississippi oil and gas reservoir can accommodate the drilling of a minimum of 11 horizontal wells.
Netco Investments, Inc. (Pink Sheets: NCVT )
A New Audio Interview With Steve Pizzuti, Founder of Merrimac Securities Corp., is Now at SmallCapVoice.com
AUSTIN, Texas, July 18, 2011 /PRNewswire/ – SmallCapVoice.com, Inc. announced today that a new audio interview with Netco Investments, Inc. NCVT is now available. Netco Investments, Inc. recently announced that Netco acquired 24.5% of Merrimac Securities Corp. Stephen Pizzuti, founder of Merrimac Securities Corp., called into SmallCapVoice.com to discuss the umbrella of companies that Netco works with. The interview can be heard at http://smallcapvoice.com/blog/7-14-11-audio-interview-with-netco-investments-inc-pinksheets-ncvt.
Other Small Cap News
NeoStem, Inc. (NYSE Amex: NBS )
NeoStem Subsidiary, Progenitor Cell Therapy, Announces Extension of Manufacturing Agreements with Two Existing Clients
ALLENDALE, N.J., July 18, 2011 /PRNewswire/ — Progenitor Cell Therapy (PCT), an internationally recognized cell therapy services and development company, and a wholly-owned subsidiary of NeoStem, Inc. (NYSE Amex: NBS), an international biopharmaceutical company with operations in the U.S. and China, announced today that two existing clinical stage biopharmaceutical corporate clients have chosen to expand their development activities with PCT. One client will be moving into a final stage development program in oncology, leveraging PCT's expertise. Robert A. Preti, PhD, President of PCT said, “We are thrilled to provide support and leverage our expertise and dedicated service, comparable to what PCT has provided to Dendreon, Inc. in the recent past. For Dendreon, PCT facilitated the manufacturing and distribution of Provenge, a cell based therapy product for the treatment of prostate cancer that received FDA approval in 2010.”
CCA Industries, Inc. (NYSE Amex: CAW )
CCA Industries, Inc. Reports Twenty-Ninth Consecutive Dividend, Second Quarter Results and Tentative Settlement of Claim
EAST RUTHERFORD, N.J., July 15, 2011 /PRNewswire/ — CCA Industries, Inc. (NYSE Amex: CAW) announced today that its Board of Directors has approved a dividend of $0.07 per share, payable to all shareholders of record as of August 2, 2011, and to be paid on September 2, 2011. This will be the Company's twenty-ninth consecutive dividend.
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 audio interviews, as well small cap company'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 company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
IMPORTANT DISCLAIMER – PLEASE READ THOROUGHLY
SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that the information is accurate. It is important for you to verify all information by your own independent research. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our website or in our e-mail communications.
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